Put $ to FD better or clear housing loan better?, 25 years,4 percent, RM 300,000
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 Feb 8 2024, 09:22 AM
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#1
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Senior Member
937 posts Joined: Jun 2006   
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QUOTE(billyboy @ Feb 8 2024, 04:33 AM) Interest paid on loan is tax deductible FD interest taxable?????????????Interest from FD is taxable Depends on tour tax position   |
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Feb 8 2024, 09:32 AM
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#2
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Senior Member
937 posts Joined: Jun 2006
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QUOTE(plouffle0789 @ Feb 8 2024, 09:25 AM) Why don't clear housing loan first? have some cash with you rather than all in housing loan.its always good to have some emergency funds anytime in your life. |
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Feb 8 2024, 09:49 AM
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#3
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Senior Member
937 posts Joined: Jun 2006
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QUOTE(iGamer @ Feb 8 2024, 09:35 AM) Why not both? Have less housing loan principal while still having emergency cash? then your credit score will be stuck there lo.How? Full flexi or semi flexi housing loan. Ayam used to have full flexi housing loan, the money left in current account practically offset the full housing loan (zero loan interest every month), if need emergency cash, can still withdraw from the current account at will. if wanna apply new housing loan then hard already. |
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Feb 8 2024, 09:53 AM
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#4
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Senior Member
937 posts Joined: Jun 2006
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QUOTE(iGamer @ Feb 8 2024, 09:51 AM) Kindly elaborate on how the credit score stuck. eg you having housing loan 500k, you park your money at semi/fully fexi loan. if you wanna apply another 500k housing loan, it will be hard, unless your income very high. |
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