Can someone please help advise on this?

So if I have taken up this Flexi loan, say RM200k, and within the next few months re-paid in full amount. That would leave ~RM200k balance that I'm free to withdrawn, plus no interest chargeable.

The questions are:
1) How does the monthly installments work then? Is it still needed to pay every month? That will bring the account to a positive value, with the extra amount not interest payable (as compared to putting it in FD).

2) If the loan tenure is for 30 years. Any problem to just leave the amount there for like 10 years? Lock in period before redeem title is 5 years.

Thanks. If that's the case, I can just transfer the entire sum of money, plus a little to cover the month RM10 for some period.


Thanks. This, though, I'm aware. I was just wondering what happens when all RM200k is thrown into the account.

I was away and late to read this. But thanks for your comment.

This post has been edited by harpyboy: Jan 22 2012, 06:31 PM

When you have thrown in additional money, do you still need to pay the monthly installment or will it be deducted from the balance automatically (until the extras depleted).

So if I deposited extra 1 year worth of repayment, there is no need to make any payment for the whole of this year? Just want to confirm before HSBC starts calling me for payment.

The statements always states a monthly repayment amount, which is based on BLR and tenure only. So I'm not sure if it's ok to skip payment as long as there are surplus inside the account .

Yup. OK thanks