You can actually do weekly payment with flexi loan too. The result will be the same.

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.

ok after being pointed out the 52 payments thing, i recalculated and found that I would only save another 15k and not really 3 years worth of payments as I initially thought. In terms of monthly payments saved - only 6 months worth as compare to monthly payments.

Is there an online calculator where I can forecast for full flexi plan?

The reason why I advocate the fortnight payment is to take advantage of the daily rest interest from the bank loan calculation. Years ago, local bank not willing to do daily rest interest and only foreign bank ie Citi/HSBC/SC etc.

So by doing fornight payment (splitting the monthly into 2) will increase the loan principal reduction calculation and expedite the loan repayment as you have seen.

Other may say why the hassle of fortnightly when you still paying 1 extra month per year and why not take that 1 extra month and divide by 12 and hence bump up the monthly amount while still paying it on monthly basis. This approach also similar and also reduce the payment period. The debate can be academic and hope someone else have the full financial loan sheet to demo this on the actual saving of these 2 approach.

Either way, you are paying that 1 month extra per year and it still save substantially at Rm24.7k. The diff of this vs your own self dumping money is, your set it up as a force pattern and forget instead of constantly making conscious effort to top up variable amount.

There are no extra effort, just setup a saving acct on the same bank and have it deduct automatically every fortnight.

Obviously you can do it weekly but moving from fortnight to weekly, the saving is not that much. and if your bank willing... hey every cents count.

If you have extra cash to clear off our principal, go and knock it off.... but why do that if the BLR is all time low and with the minus 2% from bank.. your effective loan interest is just than 3.55%.... surely you can keep the cash and invest somewhere for better returns...

1. This is subjective, as both has its own advantages. However personally I think its better to be a single borrower especially when your co-borrower is your GF only. No point getting her involved as things could get messy if things didnt happen as what u both has planned in the future.

2. Honestly, 0.1% diff is really just a few dollars a month. No point losing some sleep over this.
btw, think your banker here is being plain lazy and refuse to resubmit your case again. USUALLY, rates are normally determined by loan size, not the credit worthiness of borrower(s).

I just got offer letter from UOB.

This is for a non-zero moving cost housing loan, so I included my loan agreement fees/stamping, penalty I have to pay to existing bank, plus some money meant for the developer upon getting title. So I total it up and borrow this amount - lets say 450k. My actual balance is lets say only 400k. But UOB offer letter separate my current loan balance and the rest and name them as Housing Loan=400k and Fixed Loan=50k. Dont know why they do like that. Rate is the same but why two different accounts instead of one account. I asked them they say its for their own internal accounting purposes which I suspect something else is up their sleeve. I havent really gone thru the letter yet and its not easy to read all the mumjo jumbo.

Anyone with this experience with UOB? Im getting highly suspicious of them 

the weekly thing is actually for ppl who is worry that they spend all the paycheck so they bank it in and the bank takes it weekly. if you want to save on interest, better you bank straight in the loan account the entire one month ahead. so instead of weekly, bit by bit, you get one a whole month principle reduction immediately

btw my letter also did not indicate the weekly thing

Hmm 30 mins is not some normal application I presume?
Normal application will take 5-7 working days to process, 2 weeks still acceptable, but 3 months too long la...

Anyway let's stop the blaming/shouting here, we're supposed to be working together to make money here, remember?