Alliance Bank Housing Loan, - share your pay Loan statments
Hi,Anyone of you applied Alliance bank Housing Loan?
can you share with me your pay loan statment?
i just don't understand how they do the calculation?
Exp:
Savelink fully flexi, daily interest
Loan = RM120k
Interest %= BLR - 2.2% (1-2 year), BLR - 2% (3 & above)
loan = 30yr
1st-2nd yr, Installment = RM612
3rd - above, Installment = RM625
So, I make prepayment RM20k immeadialy and montly do installment RM800 (200extra), mean RM812 and RM825...
How they calculate?
That said,
"Interest", "Pay Principal", "Current Account", "Home Loan Account",
Jan-08
Feb-08
March-08
Anyone can help? I thinks only cut on that particular month interest only? or how it work?
What is the different between HSBC vs Alliance bank?
HSBC - All share in one Account (Saving, current, Home Loan), extra prepayment will reduce principal loan.
Alliance - 2 account - Current account + Home Loan account. Extra prepayment will put in current account. Principal no change although pay more but interest will decrease.
What their good and bad?
Thx.
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