Hi all, wondering if anyone is having the public bank semi flexi account? I wanted to be putting in extra cash into the loan account every month so that it can reduce my principal amount, as well as when I wanted to withdraw I can do so.

My scenario as such:
Monthly installment: RM3000
Monthly additional payment: RM2000

So in this case, I will be topping up additional RM2000 each month for the sake of reducing the principal amount, how can I do so?
Also say 1 year later I am in need of money so I can withdraw the RM24000 extra that I already put in (12 x RM2000) as this is a semi flexi account.

I tried putting in some money but it shows transaction type 914, which is advanced payment, so in this case I'm not even sure if this will reduce the principal amount (so that I pay less interest every month)

Hope anyone with this experience can help!

F, want to know also

i track my daily rest when i dump extra money in (but i dump in 10-100k) so my daily rest diff can be tells

if you pay extra 2000/month, you should be refer below

when i login through pbb web portal and click my loan account it show how much i have in my semi flexi loan that i can withdraw (those are extra money that i dump in beside monthly instalment)

and the home loan account page got show "Available Redraw Amount", which is the extra money you putting in monthly accumulate

This post has been edited by vez: Jan 21 2024, 04:40 PM

You can perform advanced payment via Pbe website, Under "Payment' tab. It will reduce the principle, but the drawback is you can't withdraw the money.

This post has been edited by shinigamidesu: Jan 21 2024, 05:52 PM

- make sure you pay against the loan account using a PBB account (online transfer), instead of transferring from external accounts e.g MBB to PBB
- you need to pay at least 1 month's instalment in advance before any additional payment is considered to reduce the principal

Assuming your installment is 3K.

And you pay 4K each month (topup 1K).

For the first 3 months, it will not show 668, as it's building up the 'buffer' for 1 month advance payment.

Then on the 4th month, that 1K will be recognized as 668, which reduces the principal.

And for the subsequent months, it will always be 1K as 668, as long as you keep paying 4K per month.



This post has been edited by boyan: Jan 21 2024, 10:05 PM

I always pay extra few hundreds every month through the app and the code is showing 668 for that extra.

Didnt check if i could withdraw those extra though

wat is the different btw flexi n semi flaxi loan?

Detail: https://ringgitfreedom.com/property/malaysi...gage-home-loan/

This post has been edited by DragonReine: Jan 22 2024, 06:28 PM

Riding on this post to ask, so basically beside the monthly installment, any extra amounts i am paying need to build up for 1 month prepayment, only it will start reduce principal, am i right?

For example:
My monthly is 2.5k, i am paying 2.8k every month, that extra 300 will build up until 2.5k for 1 month advance, then only will start reducing principle, am i right?