House Loan Semi Flexi, Thinking dump my saving in house loan
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 Apr 28 2024, 12:17 AM
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Junior Member
571 posts Joined: Mar 2012  
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QUOTE(shyan90's @ Apr 27 2024, 10:38 PM) AS topic.. since interest in semi flexi are calculated based on the capital u owe the bank..should i dump my part of saving into the semi flexi to tekan the interest...? remember that for semi flexi, u hav to inform bank in order to lower the interest, where else full flexi is auto. if u full flexi & got on9 facility to redraw at any moment, parking your emergency or FD funds in mortgage is better than standard FD rate. |
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Feb 13 2025, 03:34 PM
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571 posts Joined: Mar 2012
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QUOTE(funnybone @ Feb 4 2025, 12:26 PM) Just need clarification on this. I did a semi flexi for one house. Lower the interest or the monthly instalment? The bank informed that the monthly instalment will be automatically reduced (but after a 6 mth cycle for recount). Interest should remain the same. BNM hav not adjusted BR since Q1 2023.when BNM raise BR, usually overnight u'll see your mortgage bank adjusted their rate & your payment overnight. however, if BNM slash BR, usually bank will take their sweet time, might even only lower their rate months later. |
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