at PJ branch is it? I got Lious le~ you know him ma

Hi,

I have received a loan offer from HL bank called MortgagePlus. I will to have two accounts, one MortgagePlus loan account, one Current account.

Another bank (HSBC) offered me a loan, but I need only to open an account. Both are flexi loan, and any advance payment will reduce the interest on daily basis.

My questions are:

1. Which bank I can save more interest?

2. The one with single account or two accounts?

3. What is the pros and cons to have single accounts or two accounts?
For HL bank, there is a clause Computation of Interest stated that:

For the purpose of interest computation on the MortgagePlus loan account, any excess balance held in the designated Current Account at the end of each day will be utilised to set-off the following day's outstanding balance in the MortgagePlus loan account.