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One Stop Financial Services
KNOW YOUR HOME LOAN ？ Have You Ever • Ma de Ex tra P ay men t U si ng EP F • Ma de Ex tra P ay men t U si ng Fi xe d D epo si t • Ma de Ex tra P ay men t U si ng Sa vi ngs • Ma de Ex tra P ay men t U si ng An nu al Bon us • REFINANCE Your Home Loan
In order to SAVE Your Home Loan INTEREST?
• If you say “YES ”, you may have thrown away THOU SA ND of Ext ra Do ll ars in interest to Your Corresponding Lender due to lack of knowledge in The Truth of Mortgage Reduction Packages in Malaysia.
• Do you k now w here your EXTRA PA YMENT is p aid t o? • Wh ere d oes y our h ard e arn m oney go es to ?
YOUR MORTGAGE LOAN BLR: 6.75% Yearly $2,000.00
$1,800.00
$1,600.00
$1,400.00
Loan Amount
Installment Amoount $1,297.20
$1,200.00 Series1
$1,000.00
Series2
$800.00
$600.00
$400.00
$200.00
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
Tenure: 30 Years (360 Months)
$ 200,000.00
BLR: 6.75% Yearly $2,000.00
$1,800.00
$1,600.00
Interest
$1,400.00
Loan Amount
Installment Amount $1,297.20
$1,200.00 Series1
$1,000.00
Series2
$ 200,000.00
$800.00
$600.00
Loan Amount$
$400.00
$200.00
200,00.00
$-
Total Repayment
1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
$ 466,990.63
Tenure: 30Years(360Months)
Monthly Installment $ 1,297.20 x 360 Months = $ 466,990.63
$466,990.63 - $ 200,000 =
$ 266, 990. 63
Total Interest
After Paying $77,832.00 for 5 Years $2,000.00
PENALTY will imposed if you Pay Off your Home Loan Within 5 Years !!
$1,800.00
$1,600.00
$1,400.00
nthly Installment $1,297.20
$1,200.00
Interest Paid
$65,583.42
$1,000.00
$800.00
$600.00
$400.00
$200.00
Pay to principal $12,248.58
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 3
Tenure: 30 Years ( 360 Months) $200,000 LOAN AMOUNT ， PAYMENT for 5Years ($77,832.00), Outstanding BALANCE $187,751.42
YOUR MORTGAGE LOAN $2,000.00
$1,800.00
$1,600.00
$1,400.00
Monthly Installment $1,297.20
$1,200.00
$1,000.00
$800.00
INTEREST PAID
$600.00
$1,125.00
$400.00
$200.00
PRINCIPAL PAID $172.20
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 3
TENURE: 30 YEARS(360 MONTHS)
Payment For 15 YEARS ， Total $233, 496. 00 $2,000.00
$1,800.00
$1,600.00
$1,400.00
Monthly Installment $1,297.20
$1,200.00
INTEREST PAID
$170,452.08
$1,000.00
$800.00
$600.00
$400.00
$200.00
PRINCIPAL PAID $63,043.92
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 3
TENURE: 30 YEARS(360 MONTHS) $200,000 LOAN AMOUNT ， PAYMENT FOR 15YEARS($233,496), Outstanding Balance $136,956.08 (73%) YEARS
Your Mortgage Loan Of $200,000 for30 Years ， BLR 6.75% ， Mon th ly R es t ， Monthly Installment Of $1,621.50 ； Do You Know That 。。 。
• Aft er P aying fo r 1 5 Y ears ， To ta l of $233,496.00, Ou tstandin g Bala nce will b e $ 136,956.08 (7 3%) • Aft er P aying fo r 2 1 Y ears, To ta l Of $326,8 94.4 0, Outs tandin g Bala nce will b e $ 100,0 00.00 (5 0%) • You Have to S pend 2. 16 times of y our hard ear n mon ey to PAY OFF y our Ho me Loan
WHY LIKE THAT ？ FIRST ， Let me used the Amortization Schedule to show you something that the Lender does not want you to know 。 • Amortization Schedule
PROPERTY + LOAN = LIABILITY = DEBT Flexi Loans Term Loans Islamic Loans Government Loans Principal Reduction Partial Prepayment
Wan t to CHANGE ， Released from DEBT
•Do you think property will give you profit if interest are added in ？ •The pricing for property increased, it is comparable to the interest that we paid ？ • Are we invest in property or invest in the interest that we paid ？ The only way to release from debt and to reduce to huge amount of interest that we pay is PAY MO RE or RED UC E TH E LO AN AMO UNT
Flexi Loans
Loan Account
1. Exces s P ayme nt
$1,621.50 Current Account
BLR: Yearly6.75% Installment $1,621.50
(+378.50)
$2,000.00
$1,800.00
$1,600.00
$1,400.00
Extra Payment $2,000.00 (+378.50)
$1,200.00
Loan Amount
Total Interest
Series1
$ 333,783.29
$1,000.00
$800.00
$600.00
Loan Amount $
$400.00
$200.00
Series2
$ 250,000.00
250,00.00
$-
Total Repayment
1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
$ 583,738.29
TENURE: 360 Months
Monthly Installment $ 1,621.50 x ( 360 Months ) = $ 583,738.29 1. Excess Payment 2. Advance Payment 3. Principal Reduction 4. Partial Prepayment
BLR: YEARLY6.75% Installment $1,621.50
$2,000.00
$1,800.00
$1,600.00
$1,400.00
Extra Payment $2,000.00 (+378.50)
$1,200.00
Total Interest
Series1
$ 333,783.29
$1,000.00
$800.00
$600.00
Series2
$ 250,000.00
inverse order of maturity
$400.00
$200.00
$-
Total Repayment
Loan Amount
1
Loan Amount$
250,00.00
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
$ 583,738.29
TENURE: 360 MONTHS
Loan Account
$1,621.50 Suspense Account
Term Loans 2. Advance Paym ent
(+378.50)
inverse order of maturity
Installment $ 1,621.50 x 360 Months = $ 583,738.29 Total Repayment 1. Excess Payment 2. Advance Payment 3. Principal Reduction 4. Partial Prepayment
Flexi Loans
Installment Amount $1,621.50 BLR: 6.75% Mon thly Res t $2,000.00
Difference $
$1,800.00
$1,600.00
$1,000.00
$800.00
$600.00
3. Principal Deduction
13,394.53
$1,400.00
$1,200.00
Term Loans
Total Interest
$ 333,783.29 $ 320,388.76
Request for Pricipal Deductio $10,000 Series1 Series2
$ 250,00.00 Principal $ 240,00.00
$400.00
$200.00
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
Loan Amount
$ 250,000.00 - 10,000.00 $ 240,000.00
TENURE: 360 MONTHS
TOTAL REPAYMENT$ 250,000 ( 333,783.29) VS $ 240,000 ( 320,388.76 ) Reduction 4. Partial Prepayment 1. Excess Payment 2. Advance Payment 3. Principal
(+8378.50)
1. Exces s P ayme nt
Current Account
XTRA PAYMENT $10,000.00 (+8378.50)
$2,000.00
3. Principal
$1,800.00
Reduction
$1,600.00
Request Principal Deductio $10,000
$1,400.00
$1,200.00
onthly Installment $1,621.50
Total Interest
$1,000.00
Series1
$ 333,783.29
$800.00
$600.00
Series2
LOAN AMOUNT $ 250,000.00
$400.00
$200.00
$1
Loan Amount$
250,00.00
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
TENURE: 360 MONTHS Suspense Account
(+8378.50) 2. Advance Paym ent
1. Excess Payment 2. Advance Payment 3. Principal Reduction
The Power of Partial Prepayment Extra Payment $10,000.00
BLR: Yearly6.75% Mont hly Rest
$2,000.00
$1,800.00
Total Interest
$1,600.00
$ 266,990.63 $ 211,619.06 $ -55,371.57
$1,400.00
Installment amount $1,297.20
$1,200.00
$1,000.00
$800.00
$600.00
Loan Amount
Series1 Series2
$ 200,000.00
$400.00
Loan Amount$
$200.00
8,378.50
$1
200,00.00
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
Shorten of 50 Months Save$56,777.86 4. Partial
TENURE: 360 MONTHS Bala nce of 310 mo nt hs Shorten the Tenure ， Save Interest ！ Shorten the period of pay off 。
Prepaym ent
Partial Prepayment
www.bnm.gov.my
Banking info. Housing Loans
Page 11. PARTIAL PREPAYMENT OF THE OUTSTANDING LOAN Many borrowers find it useful to shorten the loan tenure by making partial prepayment with surplus savings or annual bonus. However, some financial institutions may impose restrictions on the amount to be pre-paid while others may impose a penalty. It is extremely effective in reducing the interest charges you would have to pay if prepayments are made during the early years.
NOW YOU CAN SAVE UP TO 90% OF YOUR HOME LOAN INTEREST?
One Stop Financial Services
KNOW YOUR HOME LOAN ？ Have You Ever • Ma de Ex tra P ay men t U si ng EP F • Ma de Ex tra P ay men t U si ng Fi xe d D epo si t • Ma de Ex tra P ay men t U si ng Sa vi ngs • Ma de Ex tra P ay men t U si ng An nu al Bon us • REFINANCE Your Home Loan
In order to SAVE Your Home Loan INTEREST?
• If you say “YES ”, you may have thrown away THOU SA ND of Ext ra Do ll ars in interest to Your Corresponding Lender due to lack of knowledge in The Truth of Mortgage Reduction Packages in Malaysia.
• Do you k now w here your EXTRA PA YMENT is p aid t o? • Wh ere d oes y our h ard e arn m oney go es to ?
YOUR MORTGAGE LOAN BLR: 6.75% Yearly $2,000.00
$1,800.00
$1,600.00
$1,400.00
Loan Amount
Installment Amoount $1,297.20
$1,200.00 Series1
$1,000.00
Series2
$800.00
$600.00
$400.00
$200.00
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
Tenure: 30 Years (360 Months)
$ 200,000.00
BLR: 6.75% Yearly $2,000.00
$1,800.00
$1,600.00
Interest
$1,400.00
Loan Amount
Installment Amount $1,297.20
$1,200.00 Series1
$1,000.00
Series2
$ 200,000.00
$800.00
$600.00
Loan Amount$
$400.00
$200.00
200,00.00
$-
Total Repayment
1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
$ 466,990.63
Tenure: 30Years(360Months)
Monthly Installment $ 1,297.20 x 360 Months = $ 466,990.63
$466,990.63 - $ 200,000 =
$ 266, 990. 63
Total Interest
After Paying $77,832.00 for 5 Years $2,000.00
PENALTY will imposed if you Pay Off your Home Loan Within 5 Years !!
$1,800.00
$1,600.00
$1,400.00
nthly Installment $1,297.20
$1,200.00
Interest Paid
$65,583.42
$1,000.00
$800.00
$600.00
$400.00
$200.00
Pay to principal $12,248.58
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 3
Tenure: 30 Years ( 360 Months) $200,000 LOAN AMOUNT ， PAYMENT for 5Years ($77,832.00), Outstanding BALANCE $187,751.42
YOUR MORTGAGE LOAN $2,000.00
$1,800.00
$1,600.00
$1,400.00
Monthly Installment $1,297.20
$1,200.00
$1,000.00
$800.00
INTEREST PAID
$600.00
$1,125.00
$400.00
$200.00
PRINCIPAL PAID $172.20
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 3
TENURE: 30 YEARS(360 MONTHS)
Payment For 15 YEARS ， Total $233, 496. 00 $2,000.00
$1,800.00
$1,600.00
$1,400.00
Monthly Installment $1,297.20
$1,200.00
INTEREST PAID
$170,452.08
$1,000.00
$800.00
$600.00
$400.00
$200.00
PRINCIPAL PAID $63,043.92
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 3
TENURE: 30 YEARS(360 MONTHS) $200,000 LOAN AMOUNT ， PAYMENT FOR 15YEARS($233,496), Outstanding Balance $136,956.08 (73%) YEARS
Your Mortgage Loan Of $200,000 for30 Years ， BLR 6.75% ， Mon th ly R es t ， Monthly Installment Of $1,621.50 ； Do You Know That 。。 。
• Aft er P aying fo r 1 5 Y ears ， To ta l of $233,496.00, Ou tstandin g Bala nce will b e $ 136,956.08 (7 3%) • Aft er P aying fo r 2 1 Y ears, To ta l Of $326,8 94.4 0, Outs tandin g Bala nce will b e $ 100,0 00.00 (5 0%) • You Have to S pend 2. 16 times of y our hard ear n mon ey to PAY OFF y our Ho me Loan
WHY LIKE THAT ？ FIRST ， Let me used the Amortization Schedule to show you something that the Lender does not want you to know 。 • Amortization Schedule
PROPERTY + LOAN = LIABILITY = DEBT Flexi Loans Term Loans Islamic Loans Government Loans Principal Reduction Partial Prepayment
Wan t to CHANGE ， Released from DEBT
•Do you think property will give you profit if interest are added in ？ •The pricing for property increased, it is comparable to the interest that we paid ？ • Are we invest in property or invest in the interest that we paid ？ The only way to release from debt and to reduce to huge amount of interest that we pay is PAY MO RE or RED UC E TH E LO AN AMO UNT
Flexi Loans
Loan Account
1. Exces s P ayme nt
$1,621.50 Current Account
BLR: Yearly6.75% Installment $1,621.50
(+378.50)
$2,000.00
$1,800.00
$1,600.00
$1,400.00
Extra Payment $2,000.00 (+378.50)
$1,200.00
Loan Amount
Total Interest
Series1
$ 333,783.29
$1,000.00
$800.00
$600.00
Loan Amount $
$400.00
$200.00
Series2
$ 250,000.00
250,00.00
$-
Total Repayment
1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
$ 583,738.29
TENURE: 360 Months
Monthly Installment $ 1,621.50 x ( 360 Months ) = $ 583,738.29 1. Excess Payment 2. Advance Payment 3. Principal Reduction 4. Partial Prepayment
BLR: YEARLY6.75% Installment $1,621.50
$2,000.00
$1,800.00
$1,600.00
$1,400.00
Extra Payment $2,000.00 (+378.50)
$1,200.00
Total Interest
Series1
$ 333,783.29
$1,000.00
$800.00
$600.00
Series2
$ 250,000.00
inverse order of maturity
$400.00
$200.00
$-
Total Repayment
Loan Amount
1
Loan Amount$
250,00.00
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
$ 583,738.29
TENURE: 360 MONTHS
Loan Account
$1,621.50 Suspense Account
Term Loans 2. Advance Paym ent
(+378.50)
inverse order of maturity
Installment $ 1,621.50 x 360 Months = $ 583,738.29 Total Repayment 1. Excess Payment 2. Advance Payment 3. Principal Reduction 4. Partial Prepayment
Flexi Loans
Installment Amount $1,621.50 BLR: 6.75% Mon thly Res t $2,000.00
Difference $
$1,800.00
$1,600.00
$1,000.00
$800.00
$600.00
3. Principal Deduction
13,394.53
$1,400.00
$1,200.00
Term Loans
Total Interest
$ 333,783.29 $ 320,388.76
Request for Pricipal Deductio $10,000 Series1 Series2
$ 250,00.00 Principal $ 240,00.00
$400.00
$200.00
$1
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
Loan Amount
$ 250,000.00 - 10,000.00 $ 240,000.00
TENURE: 360 MONTHS
TOTAL REPAYMENT$ 250,000 ( 333,783.29) VS $ 240,000 ( 320,388.76 ) Reduction 4. Partial Prepayment 1. Excess Payment 2. Advance Payment 3. Principal
(+8378.50)
1. Exces s P ayme nt
Current Account
XTRA PAYMENT $10,000.00 (+8378.50)
$2,000.00
3. Principal
$1,800.00
Reduction
$1,600.00
Request Principal Deductio $10,000
$1,400.00
$1,200.00
onthly Installment $1,621.50
Total Interest
$1,000.00
Series1
$ 333,783.29
$800.00
$600.00
Series2
LOAN AMOUNT $ 250,000.00
$400.00
$200.00
$1
Loan Amount$
250,00.00
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
TENURE: 360 MONTHS Suspense Account
(+8378.50) 2. Advance Paym ent
1. Excess Payment 2. Advance Payment 3. Principal Reduction
The Power of Partial Prepayment Extra Payment $10,000.00
BLR: Yearly6.75% Mont hly Rest
$2,000.00
$1,800.00
Total Interest
$1,600.00
$ 266,990.63 $ 211,619.06 $ -55,371.57
$1,400.00
Installment amount $1,297.20
$1,200.00
$1,000.00
$800.00
$600.00
Loan Amount
Series1 Series2
$ 200,000.00
$400.00
Loan Amount$
$200.00
8,378.50
$1
200,00.00
10 19 28 37 46 55 64 73 82 91 100 109 118 127 136 145 154 163 172 181 190 199 208 217 226 235 244 253 262 271 280 289 298 307 316 325 334 343 352 361
Shorten of 50 Months Save$56,777.86 4. Partial
TENURE: 360 MONTHS Bala nce of 310 mo nt hs Shorten the Tenure ， Save Interest ！ Shorten the period of pay off 。
Prepaym ent
Partial Prepayment
www.bnm.gov.my
Banking info. Housing Loans
Page 11. PARTIAL PREPAYMENT OF THE OUTSTANDING LOAN Many borrowers find it useful to shorten the loan tenure by making partial prepayment with surplus savings or annual bonus. However, some financial institutions may impose restrictions on the amount to be pre-paid while others may impose a penalty. It is extremely effective in reducing the interest charges you would have to pay if prepayments are made during the early years.
NOW YOU CAN SAVE UP TO 90% OF YOUR HOME LOAN INTEREST?
One Stop Financial Services
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