No problem. Just a question prior I try to clear your doubt. What kind of loan facility does HSBC offer you? Term loan/full flexi/others? As both of statements can be correct when it comes to differ type of facilities and arrangement.

For FDR, the effective implied interest rate which derived from FDR or BLR should be the same over the long run (for the whole loan tenure), just there will more some differential over the adjustment during the short run (less than 5~8 years). Thus, this kind of loan can cater the need of the clients who intend to service the loan for a long period of time (sufficiently long to mitigate the impact of short run FDR fluctuation). Calling EON to find out the FDR is a concern but not that critical as I believe for standard home buyers, they won't really keep track on the FDR unless there is some attractive offers in the market which lead them to have a a check on the FDR and take a longer time in making the comparison.

Why bankers never tell the full stories? Well, everyone like a good story although there is a cruel truth behind. And mostly importantly, if they ever be honest with you, will you give them a chance to proceed on with your application?

can u explain more on "the periodic repayment" ? Are you actually referring to flexi and semi-flexi package?

ooo...hahahaha.....
ok... let me tell u how it works...

First, identify whether your loan is "daily rest" or "monthly rest"
if it is daily rest, then there is a big difference.

What you mentioned here is the cycle day : 7th, 14th and 21st of every month.

Actually whenever you have money you can pay b4 your due date. Don not drag to the end of the day to do it. Periodic or non periodic is just a marketing term.

For example, simple one.

1) you got 1 fixed rate loan 4% per month (monthly rest)
2) you got another flexi daily rest loan 4% per month

if you borrow RM300, borrow for 2 months only

1) you pay on any day at the first month and you decided to settle the loan 1 shot. So you pay:

RM300 *4% (interest) = RM12
then capital repayment RM150 for first month
at the same time you pay advance RM150, so the 2nd month there is no interest charge on you.

total Paid = RM312

2) you pay on the 7th day of the month. Interest is 4% on daily rest. which means your daily interest is 0.133333333%

So you pay about RM150 capital repayment and 7 days of interest @ 0.133333333% * RM300 = RM2.8

Then you decided to settle the loan as well, you pay another RM150.

In the end of the day you have only paid RM302.8 as compared to RM312
I dunno how other bank works, this is just a general idea. There is a very complicated mathematics formula at the back to calculate teh daily interest thingy