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.
Housing loan is scary
Housing loan is scary
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Oct 11 2023, 08:50 AM
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#1
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Senior Member
1,614 posts Joined: Apr 2010 |
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. |
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Oct 12 2023, 02:16 PM
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#2
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Senior Member
1,614 posts Joined: Apr 2010 |
QUOTE(mushigen @ Oct 11 2023, 09:34 PM) You mean installment amount, right? Yeah installment amount, my bad typo.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. But you’re right, really double edge. It helps if one has financial literacy.. really helps out in being flexible |
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