Depends,

If the property is for own stay with no rental income, then wise to dump money into the loan current account to save interest.

If the property is for investment with rental income, then not wise to dump money into the loan current account to save interest. This is because the loan interest is Tax deductable. meaning it can help you to reduce your taxable income, hence gives you tax savings. Then you can put your money into places that can generate more money that is tax free such as FD, EPF, blue chip stock with high dividen yield (up to 100k) or growth stock.


**remember to bank in to loan current account, no other account to save interest. Bank interest is DR (daily rated) which means, you bank in today, tomorrow can start to save interest d.

This post has been edited by BL98: Feb 4 2025, 01:59 PM