Hey guys, I have a PBB islamic semi-flexi property loan, and I have slowly paid a few lump sum payments over the past year to offset and lower the chargeable interest.

My questions are:

1. Since these are considered advance payment, do I still need to pay the monthly repayment (for example 2.2k a month or something)?

2. If I choose to pay off the loan balance but I don't want to close the loan account, is this possible? Meaning I keep the semi-flexi loan account around as an overdraft facility of sorts, and I don't need to do anything anymore every month.

Thanks in advance for your help.

Not sure I fully understood... my bank gave me an account number to bank in for all loan-related payments, so every month I bank in my monthly payment to that account.

For my extra payments, I also paid extra like 10k 10k 10k into that same account over some time. Over time, I noticed the bank charged me lower monthly interest, so it would appear that the interest was reduced effectively.