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cloner
post Sep 26 2008, 10:43 PM

Regular
******
Senior Member
1,101 posts

Joined: Jan 2006


Flexi refers to
- Redraw options thumbup.gif
- Prepayment options thumbup.gif
- Cheque Book facilities hmm.gif
- 2in1 or even 3in1 (Sav A/C, HL A/c, Current A/C) hmm.gif

most ppl got wrong perception of 'flexi' loan

even my uncle told me that flexi means u can pay extra & withdraw anytime... shocking.gif

but when joined the mortgage line.. hey man... all loans allow you to pay extra & withdraw now.. thats what us consumers wants.. rclxms.gif


Most important thing to know whether there is
- monthly fees
- yearly fees
- setup fees
- commitment fees
- & what so ever fees.... a lot of terms in the market..
- turnover time for withdraw & options available
- Is written notice required prior prepayment
- maximum prepayment allowed
- minimum prepayment amount....

and the list goes on

 

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