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 LPPSA Loan

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TSHuawei88
post Aug 24 2024, 07:45 PM, updated 2y ago

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Joined: Feb 2019
Hi all sifu,

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. notworthy.gif
Pac Lease
post Aug 26 2024, 10:49 AM

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728 posts

Joined: Jun 2012
For the accurate answer you may visit bank to ask for the details due to every bank system is different.

 

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