Need some expert help for refinancing with flexi loan package. My current outstanding loan is 160K and thinking to refinance at 200k. The 40K cash out is for me to look for some biz opportunities that may and may not be used. So, I am thinking to bank in the 40k back to the loan as capital repayment (with withdrawal option for future biz opportunities if there are) to cut down the loan interest cost. is this something worthwhile doing or better off to just take the 160K loan?

My 2nd question is if a lock-in period of a flexi loan is 5 years, how could a prepayment of 5 years x 12 months help cut the cost of the loan - in both capital and interest?

Seem that most of the rate posted here are BLR-2++. But the best I got for refinancing of RM180K is from Am bank at -2.15% ZNC. If this a good rate? Thanks for sharing

For sharing & comments as well

Got approval of RM200K refinancing from AmBank at BLR-2.10, 15 years, ZEC, no MRTA. Flexi loan with current account (RM10/mth maintenance fees), and the bank absorbs RM200 fee for opening the current account (as in I need to open the CA with RM200).