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 Housing loan is scary

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xHj09
post Oct 11 2023, 08:50 AM

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Macam only sotong flexi got principal reduction. Dump more then pay less.

Other banks flexi u still commit to a fixed amount monthly regardless paying extra or not.
xHj09
post Oct 12 2023, 02:16 PM

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QUOTE(mushigen @ Oct 11 2023, 09:34 PM)
You mean installment amount, right?

That is a double-edged sword. Same installment amount when you dump more money means your interest accrued at the end of the loan tenure is less kot.
*
Yeah installment amount, my bad typo.

But you’re right, really double edge. It helps if one has financial literacy.. really helps out in being flexible

 

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