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Lebih Jimat Cari Loan Rumah Yang Ada Daily Rest

deenz70

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Daily rest and Monthly rest which one is better?

Daily rest Interest will be calculated based on the previous day’s outstanding balance. The advantage for daily rest is that you have a chance to save more if you like to make lots of pre-payments on top of your regular installments.

Monthly rest Your loan interest for the current month will be calculated based on the previous month’s outstanding balance.

Simple calculation to compare this 2.
Let’s say, Loan amount = $100,000 Interest rate = 6%
Amount of interest that will be charged; Daily rest = 100,000 x 6% x 30/365 = $493.15 Monthly rest = 100,000 x 6% x 1/12 = $500.00 => Interest for Daily rest is lower than Monthly rest…you save $6.85 for that month.

If your monthly installment is $644, for Daily rest, paid for principal(pokok) is $150.85, while with Monthly rest, you paid $144. This means, with Daily rest, you’re paying more on your principal. This is how you can settle your loan early
 
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azam575

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Daily rest and Monthly rest which one is better?

Daily rest Interest will be calculated based on the previous day’s outstanding balance. The advantage for daily rest is that you have a chance to save more if you like to make lots of pre-payments on top of your regular installments.

Monthly rest Your loan interest for the current month will be calculated based on the previous month’s outstanding balance.

Simple calculation to compare this 2.
Let’s say, Loan amount = $100,000 Interest rate = 6%
Amount of interest that will be charged; Daily rest = 100,000 x 6% x 30/365 = $493.15 Monthly rest = 100,000 x 6% x 1/12 = $500.00 => Interest for Daily rest is lower than Monthly rest…you save $6.85 for that month.

If your monthly installment is $644, for Daily rest, paid for principal(pokok) is $150.85, while with Monthly rest, you paid $144. This means, with Daily rest, you’re paying more on your principal. This is how you can settle your loan early
yup .. betul tu hehehe :D ...

tapi bank mana yang offer ?
 
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