Flexi Loans Malaysia

1. Options in Housing Finance in Malaysia

2. Basic Term
Semi-Flexi
Full-Flexi

3. The most sellable benefit of housing loans in Malaysia are the array of type of loans
availablefor people. It isindeed a big deal to own one’sown home and such schemes
in financing properties in Malaysia makes it convenient for consumers to own a
home, as long as they are able to afford the repayments and choose the housing loan
intelligently. There are three types of When seeking a home loan which includes
Basic Term, Semi-Flexi or Full-Flexi.
If the individual is inexperienced in products with it is best that he or she researches
on the same to get a better idea and make a sound decision when choosing a housing
loan

4. Basic Term housing Loan
This type of financing option comes with a repayment schedule that is fixed and where
the monthly instalment paid is the same throughout the year the entire loan repayment
term. e throughout your entire loan period.
In general, this type does not permit but neither makes it very hard to decrease the
loan interest by paying in advance.Advance payments are indeed treated as
prepayment for future instalments, hence have no effect on the the total interest that
the individual is paying for the loan as a whole.itself.
it is possible to make requests to the bank for special considerations, whose approval
is completely based on the bank’s discretion. Earlier basic term home loans were widely
used by home buyers in the country. but they are not as popular as they were earlier.
This is simple because of the lack of repayment flexibility that a modern consumer
expects.

5. Semi-flexi Housing Loans
This loan has a built-in facility that allows borrowers to pay in advance
to reduce their loan interest without having to make any formal request
to the bank. The additional amount that is payed over the regular
monthly instalment automatically affects the interest rate by reducing
the principal loan amount, which further lowers the amount of interest
being charged for the home loan.
A request can be sent to the bank for withdrawal of additional payments
made, although extra charges may be incurred for the process. It is
more convenient for people who have spare cash or flexible income and

6. Full-flexi
Full-flexi housing loans come with the regular benefits of a
housing loan in Malaysia where the borrowers are able to
make advance payments lowering their property loan interest
as well as withdraw the additional payments as per their
choice of time and mode with hassle-free procedures or any
additional charges for Flexi Loans in Malaysia.
This property loan account is linked to a current account
through a chequebook. Each month, deduction of loan
instalments automatically take place from the current
account and is paid to the property loan account. IF
individual deposits additional amount of money into the
current account, the individual will also be able to offset the
principle loan amount and have interest reduced. Here too
withdrawal of the additional payment made is possible by
writing a cheque using the provided chequebook. No requests
are necessary to be made with the bank, unlike semi-flexi
loan.

7. Full-flexi
Full-flexi housing loans come with the regular benefits of a
housing loan in Malaysia where the borrowers are able to
make advance payments lowering their property loan interest
as well as withdraw the additional payments as per their
choice of time and mode with hassle-free procedures or any
additional charges for Flexi Loans in Malaysia.
This property loan account is linked to a current account
through a chequebook. Each month, deduction of loan
instalments automatically take place from the current
account and is paid to the property loan account. IF
individual deposits additional amount of money into the
current account, the individual will also be able to offset the
principle loan amount and have interest reduced. Here too
withdrawal of the additional payment made is possible by
writing a cheque using the provided chequebook. No requests
are necessary to be made with the bank, unlike semi-flexi
loan.