Put $ to FD better or clear housing loan better?, 25 years,4 percent, RM 300,000
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 Feb 8 2024, 06:58 AM
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87 posts Joined: Sep 2017 
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QUOTE(KenM @ Feb 8 2024, 06:05 AM) can someone confirm… loan is daily rest, rate of calculation..FD is yearly compounded.. if neither is touched, loan will still cost more? Yes. I can confirm. If you have money, park it into your loan account will save more, even if loan rate = fd ratethus better to clear loan, correct?  KenM liked this post
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Feb 8 2024, 07:11 AM
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87 posts Joined: Sep 2017
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QUOTE(p4n6 @ Feb 8 2024, 07:03 AM) Technically, bank takes the money you put in FD to loan it to someone else for profit … You are correct. I was saying, even if.If mortgage interest not higher than FD, what business is bank doing? p4n6 liked this post
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