Hi everybody

Few offer to refinance my property
Loan amount RM 160K

Bank AB
NZEC BFR-2.3%(1-2yr),BFR-2.05(onwards)
Full Flexi
Tenure: max 30 years
Islamic package
Locked:1-3rd year(3% penalty)4-5th year (2%) on original loan amount
Capping rate:9.9%
Daily rest
Prepayment only can be made 3 times a year for first 5 years (direct pay to loan account not current-link)
6th year onward no limitation.

Bank RH
IBR - 2.00% (whole tenure) ZEC
IBR - 2.15% (whole tenure) NON ZEC
Not Flexi / Islamic
Tenure : maximum 40 years or 65 years old (whichever is earlier)
Capping rate : 10.25%
Flooring rate : 0.00%
Locking perid / Penalty : 5 years locking period / 4% based on outstanding balance
Concept : Diminishing Musyarakah (Joint-venturte financing / Equity Home financing
As the marketing person told me
1) Customer can made any prepayment and pay principal anytime without notice.
2) Advanaced payment will reduced the principal amount.
3) No monthly fee and set-up fee nad processing fee.

Bank PB
ZEC BFR-2.1% (whole tenure)
Tenure: max 40 years or 70 years old
Not flexi / Islamic
Prepayment is allowed but with written notice
Note: Still negotiating process!!!!

I'm not biz man.
Which is better, put money as prepayment to reduce principal or park the same amount of money in current-link account every month. Based on my simple calculation, if I put RM10K in this current account I would increase my monthly principal payment up to RM30 with the same monthly installement. Or if I just pay extra RM100 every month on direct loan account, i would also increase the principal payment.
All this make me think.....Hope somebody can give some thought. Please correct me if I'm wrong.

Thanks