I have a housing loan with LPPSA.
Recently I have some extra cash of about 70k that I would like to put into LPPSA to reduce the principal balance.
I understand that I am allowed to make a payment once every year to reduce my principal. But I noticed that the transfer/Pay limit for my bank is only 50k max. And I cant do it in 2 separate transactions as the second transaction won't be able to offset the principal if I understand correctly.
Anyone knows any other method that I can pay LPPSA in order to reduce my principal? can I pay it by cheque over the counter?
Any advice will be very much appreciated.
Thanks.
Aug 24 2024, 07:45 PM, updated 2y ago
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