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 Progressive Interest change to early installment, Advice needed on loan interest payment

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TSrichtrons
post Feb 24 2025, 03:39 PM, updated 10 months ago

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Hi all, I have a question and hope to get some advice.

I currently have an RM310K active loan with RHB which I am paying progressive interest. Bank already disburse total 220k now.

I called RHB and they mentioned I can do early commencement of installment but they will need to make a report to release the remaining 90k early to the developer.

with this then I can pay installment which can deduct principal and not only progressive interest.

Can I know if this is a good idea to early release the money to developer so I can start early installment?

 

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