bump to this thread...

i understand that payment paid during construction period is for interest only...

assuming my loan interest during construction period is rm2k per month...if i pay 4k, will the extra 2k reduce the principal, or merely for the payment for next month's interest?

i want to pay extra to reduce principal but maybe not every month; like if i have additional money then dump into the loan...will it automatically reduce principal or merely paying for the interest?

and do i need to inform bank that i'm paying for the principal?

aih confused...care to help anyone?