Probably the penalty is 3% for the first 3 years, and 1.5% for the 4th and 5th year.

I came across such clause before in the letter offer.

tehoaislimau can u confirm on this matter?

Or just post the whole penalty clause in here so we can interpret.

with BLR +0.10%, i strongly recommend you to start sourcing for refinancing.

a different of 1% would save you quite an amount of money in the future, not to mention if its more than 1.5%!

But the most important thing is to make sure you can break-even your penalty amount in less than 5-7 years.

Ask for a simulation from your banker and read the amortization table. It should provide you a better picture.

Let me know if you need any help reading the amortization table.

You know how to get me