That’s why full flexi housing loan was best, ayam clear 30yrs loan in 7 years.

Full flexi u can take out money or pay extra whenever u want, no need inform bank in advance.

The way my previous full flexi work is I just dump all my salary into the current account, the balance in current account will offset the loan principal automatically. I can withdraw from this current account any time or any amount as I wish. That way your uninvested money will always work for you to reduce loan interest.

Even when your deposit already fully cover the loan balance, it’s up to you whether u wish to officially clear the loan or just leave it as is (loan still exist but zero interest charged).

Too bad for new borrower, that’s why ayam said full flexi WAS the best.

Yes, but from what I heard nowadays most banks no longer provide full flexi housing loan. The second best choice would be semi flexi loan (terms may differ among different banks, so must ask or read their terms clearly).

U never compare different banks when taking housing loan? If compare sure need to ask for clarification.

Last time when I get different banks offer, MBB officer said my PBB full flexi not worth it as it charges RM10/month for the facility. But I did my calculations and it’s totally worth it for amount of interest I could save, and ultimately actually saved. Cannot just trust bank officer, they tokok just promote own bank only.

Aiyoyo if like that they probably push u to the bank with best commission to them instead of best bank offer….

Yes, but for some time there were many news of people’s bank account money being stolen.

So when we can settle the loan and still have more than enough for any emergency, then it’s peace of mind to just clear the loan.

Ayam not boomer lah

Not with my full flexi, My PBB full flexi is just a current account. No fees needed to move funds. Bank won’t ask any question even if the account is emptied.

Edit: for example, loan balance RM200k, so if I have RM200k in this current account, the outstanding loan principal that will be charged interest is zero. Any money put into this current account will automatically offset loan principal, no need inform bank no matter how we put in or withdraw money.

This post has been edited by iGamer: Apr 21 2025, 05:37 PM

Back then I never heard of semi-flexi, only conventional housing loan or full flexi loan from the banks that I applied.

There’s only one fee, RM10/month for this full flexi facility. No other charges, we are free to move money in and out as we like.

Iinm my interest was BLR+1.x% back then.

I checked my statement, I took the loan from PBB on 2013. So, it seems they started to offer full flexi by the time I borrowed

RM2.8k x 4.3% = RM120.40

So by having around RM2.8k in the account, that already offset the interest as much.

The flexibility/liquidity that I get over the years, surely I saved much more than that petty Rm120/year.

Edit: without such convenient flexibility, surely u will also keep a few thousand somewhere else like saving account that pay no interest just for normal spending. So why not just keep in this current account and as u can still spend it as u need?

This post has been edited by iGamer: Apr 21 2025, 06:53 PM

So u are calling other ppl who may not have rich family members to finance their house purchase as sohem?

Also, while u save on housing loan interest, ur family members who finance you with zero interest informal loan is the one that lose interest/potential investment income on their cash. Everyone is sohem except you… great

Everyone else is sohem to him because others don’t have rich family to finance their prop purchase with zero interest. That’s his comment.