hi every1 here,

In fact the different packages from different banks are not applicable for same case, normally it's all depend on the Loan agreement u signed..

Basically for term loan, the extra payment will be counted into advance payment instead of extra prepayment if u do not notice the bank.. Well for flexi loan, u can always make extra payment to reduce the principal..

Daily rest calculation is one of the ways to let u reduce your interest paid to the bank.. But only for some banks that offer flexi packages.. But there's another way to reduce your interest.. That depends on what bank u are using and wat is the payment method for the package..