I suggest you clarify with your mortgage officer.

My understanding is 70% cap - say your loan principal is 1.5mil. You deposit 1m into semi flex loan account, bank will calculate interest based on 500k daily rest. You still paynthe same instalment amount, just tat larger portion of the instalment paid will go to principal deduction. If you deposit 1.2m into loan account, bank will calculate interest based on 450k as it is capped at 1.05mil.

Also, please do not deposit full or more than 1.5m (or whatever the principal outstanding at that time), PBB semi flexi will deem ot as early redemption. MBB semi flexi also works the same. Thats why i didn't take up the loan with PBB and MBB, i went with full flexi with another bank, at zero cap and no auto early redemption unless instructed by me, but i need to pay monthly maintenance fee of rm10 per month.

i already clarified. if deposit without knocking off principal is treated as advance payment it will not reduce interest

This post has been edited by syzsiew5991: Jan 13 2025, 06:07 PM

That's raw to me.