Sep 26 2008, 11:14 AM
QUOTE(onnying88 @ Sep 25 2008, 09:03 PM)
My opinion,
Weekly payment to UOB with same amount of installment per month.
Example, installment per month = RM1000 ,so weekly will be RM250
Auto payment mean u need to put extra money earlier in account,then let it auto debit to loan account. Will the extra money reduce interest?
Or,
If you didn't put extra money earlier, you go and pay excact amount weekly to account in UOB, Why cant you pay weekly also to CIMB flexi loan?
I'm sure both account will cut of the tenure in same time (if both same interest rate)
As mortgage loan interest calculated daily rest, both will have the same interest reduced if you pay weekly to both bank.
Flexi loan even let u to pay daily also,it can even save more then weekly payment,but i think no ppl will like to go bank for payment everyday.
UOB auto payment will deduct from ur acc every week...Weekly payment to UOB with same amount of installment per month.
Example, installment per month = RM1000 ,so weekly will be RM250
Auto payment mean u need to put extra money earlier in account,then let it auto debit to loan account. Will the extra money reduce interest?
Or,
If you didn't put extra money earlier, you go and pay excact amount weekly to account in UOB, Why cant you pay weekly also to CIMB flexi loan?
I'm sure both account will cut of the tenure in same time (if both same interest rate)
As mortgage loan interest calculated daily rest, both will have the same interest reduced if you pay weekly to both bank.
Flexi loan even let u to pay daily also,it can even save more then weekly payment,but i think no ppl will like to go bank for payment everyday.
CIMB u need to go bank..bank in money every week for 21 years..(52 week x 21 years)...all ur time and petro end up same already
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