Noob question.
Is the interest for ASB loan fixed?
I pay extra every month, just wondering if this will reduce the monthly interest...
ASB loan, worth to get it???
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 Jan 7 2013, 11:40 PM
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3,008 posts Joined: Sep 2005 From: T.T.D.I, Bukit Damansara  
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Jan 8 2013, 12:31 PM
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#2
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Senior Member
3,008 posts Joined: Sep 2005 From: T.T.D.I, Bukit Damansara
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QUOTE(jeff_v2 @ Jan 7 2013, 11:55 PM) hi, I see. Thanks!interest is based on blr or bfr rate most bank currently offer blr/bfr-1.3-1.6 p.a. (6.6-1.6=4% p.a.) if u pay extra it will only offset the next month installment hope that help, thanks  QUOTE(mutt @ Jan 8 2013, 09:20 AM) Thanks a bunch for all your reply. Someone from maybank has pmed me So did the person offer you a rebate for early settlement? I am thinking of settling my ASB loan as well. Took 50k for 10 years from Maybank, currently on the 5th but now I can afford to pay off the balance. But some say that's not the best thing to do... whatever it is I'm gonna have to do some calculations first. |
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