You go add salt and rub it in.......hhahahhahahhahaHope he see the table properly. If yes, he own by rich people bank... lol
You go add salt and rub it in.......hhahahhahahhahaHope he see the table properly. If yes, he own by rich people bank... lol
Ahhhh.... "low far" eyesight kambing.......lol*facepalm*
I saw wrongly. KNN why is Citibank above HLB. Mines HLB. Phew.... ok I'm safe for now.
I also blame my poor eyesight and small font. KNN... why is there nothing old-man friendly
Yeah. But the advise from the govt is "Keep the money as emergency money and if after 6 months you don't spend it, you can pile the whole 6 months savings into your loan and you'd only pay extra 60" or something. Anyway I agree with you - I am opting out.Guys something to share ya, for those who enrolled in 6 months moratorium, the interest will still be charged on top of your outstanding loan amount, not your principal. Meaning to say your monthly installments after 6 months will become higher. After running my own layman calculations, i came to conclusion that i will be paying more on interest so i opted out. However some banks do offer free interest in that 6 months period.
I am only opting out from the loan that will make me pay higher. For car loan its only deferment so i am only agree to this.Yeah. But the advise from the govt is "Keep the money as emergency money and if after 6 months you don't spend it, you can pile the whole 6 months savings into your loan and you'd only pay extra 60" or something. Anyway I agree with you - I am opting out.
Its not really clear for me too.Guys something to share ya, for those who enrolled in 6 months moratorium, the interest will still be charged on top of your outstanding loan amount, not your principal. Meaning to say your monthly installments after 6 months will become higher. After running my own layman calculations, i came to conclusion that i will be paying more on interest so i opted out. However some banks do offer free interest in that 6 months period.
yeah well - this topic was supposed to focus on hire purchase anyway. Car loan good deal if you ask me.I am only opting out from the loan that will make me pay higher. For car loan its only deferment so i am only agree to this.
For Personal Loan, i can confirmed you will pay more after the 6 months rest period, because the interest is still incurred to your total loan. I read that housing loan is also the same.Its not really clear for me too.
Lets say i choose to take this rest period and dont pay my housing loan for 6 month.
Interest will still be charged but its not compounded...thats fair to me.
I wanted to know what happen after my 6 month;
1. My tenure is extended and no more additional interest on top of the 6 month holiday? or
2. The 6 month interest is consolidated into my principal thus will make my future interest higher?
Rumors are out there some bank will do the 6 month extension while some will increases the installment, which one is true?
Differ from bank to bank and on what type of loan. Best is to check with your individual banks, see what they say......Its not really clear for me too.
Lets say i choose to take this rest period and dont pay my housing loan for 6 month.
Interest will still be charged but its not compounded...thats fair to me.
I wanted to know what happen after my 6 month;
1. My tenure is extended and no more additional interest on top of the 6 month holiday? or
2. The 6 month interest is consolidated into my principal thus will make my future interest higher?
Rumors are out there some bank will do the 6 month extension while some will increases the installment, which one is true?
That is the thing, if spend on something else, later more chialat.....lolHousing loan pay.
Car loan take deferment, DO NOT SPEND the money intended for the car loan. Put in FD or something. What happens is that if you still have 60 months to pay off your loan, you will now have 66 months left.
They won't spend on something else, they still spend on the car. Not paying loan, but modify it. LOL.That is the thing, if spend on something else, later more chialat.....lol
Mod already later kena tarik........lolThey won't spend on something else, they still spend on the car. Not paying loan, but modify it. LOL.
6 mth maybe around 6k... enough to do an engine swap. LoL...They won't spend on something else, they still spend on the car. Not paying loan, but modify it. LOL.