Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post...
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 Apr 8 2009, 06:50 PM
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#1
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Junior Member
6 posts Joined: Mar 2009 
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QUOTE(gogo2 @ Apr 8 2009, 05:08 PM) What is the different? It's semi flexi loan if need to pay to withdrawI take out, I need to pay RM25. Daily rest. Can put in money anytime.  |
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Jun 20 2009, 04:20 AM
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#2
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Junior Member
6 posts Joined: Mar 2009
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QUOTE(bezet @ Jun 20 2009, 12:22 AM) Let see here.. No problem provided you have no others debt. my steady income is around 4.5K/ month, can fork out up to 20k for downpayment. My age is around 24... Should be able to get a 300k loan for a house ? A simple answer would be great... Thank you  |
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Jun 21 2009, 10:45 PM
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#3
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Junior Member
6 posts Joined: Mar 2009
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QUOTE(kimhoong @ Jun 21 2009, 05:31 PM) Hi guys, You can actually do weekly payment with flexi loan too. The result will be the same.UOB is proposing me a package with "weekly" installments instead of "monthly" installments. The rate is 0.1% lesser than other package (eg BLR-2.1% when others are offering BLR-2.2%). As claimed, the advantage of this package is the tenure years of 30 will be reduced to 26. Here's my analysis (as I posted in The Zest thread): » Click to show Spoiler - click again to hide... « My conclusion on this package is will reduce the tenure year by 1 year 10 months BY INCREASING THE FREQUENCY of installment payments (via weekly installments) As I have not decided on which package to take, I need to decide on one matter: If I have more saving (per week or per month), which is more beneficial: 1) Increasing the frequency of installment (for example weekly) 2) Decreasing my principle (for flexi, semi-flexi monthly installment plan) Kindly advise  This is because your interest is keep on reduce weekly when you paying weekly to UOB. Thus, It will be the same result if you pay weekly to flexi loan. As the flexi loan will reduce interest in the same way when you pay weekly. Beside of weekly,do you know that, if you manage to pay daily to flexi loan, your tenure will reduce even more. This post has been edited by SonyBravia: Jun 21 2009, 10:50 PM |
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