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Financial how to calculate interest, for unfinished property

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yhgoh
post Jun 13 2009, 04:53 PM

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Joined: Jan 2009


QUOTE(onnying88 @ Mar 27 2009, 01:23 AM)
And bank calculate interest base on RM39050.84 for second month, reduce interest summore!
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Based on amount released, RM60000 or total loan amount?

I have questions. As follow,

1) Does it mean if the bank release RM60000 in the first year as in the simulation, if we dump in RM60000, no interest charged for the released RM60000?

2) Let's say one starts paying instalments, bank released RM60000, in let's say 6 mths, the RM60000 is repaid, until the next release, the borrower does not need to pay anything to the bank as the first release already repaid?

Thank you.


Added on June 15, 2009, 10:52 amHi,

Any ideas?

Thanks in advance.

This post has been edited by yhgoh: Jun 15 2009, 10:52 AM

 

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