Hi to all,

2 years ago, I already sign up this HLB loan. The condo now bout 85% completion. Rumour said that the handover the key next month.
So, every smart guy knows why this HLB because the advantage is u can put the money into current account and reduce ur interest and at the same time you can use the money if you have emergency.

So, what I have been practicing now is we put all the money to current account. therefore i do not have any interest charge to me except the monthly rm10 service money only.

etc: principal(P) at 85%=85K current saving(CS)=85k

Decision:
1. I thought of starting the repayment via installment on principal because the full principal is 100k. I do not have the balance of 15% to put for the next month or next coming month. But, I ask the customer service, she say once you activated this repayment then you cannot deactivate.
Any advantage?

OR

2. Do nothing, continue to feed the current saving till the 100% principal kicks in.
Any advantage?


So, to all finance expert out there, what do you think?

This post has been edited by tweak: Feb 20 2009, 02:34 PM