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English Version

  1. 1. One Stop Financial Services YOUR FINANCIAL CONSULTANT
  2. 2. <ul><li>Have You Ever </li></ul><ul><li>Made Extra Payment Using EPF </li></ul><ul><li>Made Extra Payment Using Fixed Deposit </li></ul><ul><li>Made Extra Payment Using Savings </li></ul><ul><li> </li></ul><ul><li>Made Extra Payment Using Annual Bonus </li></ul><ul><li>REFINANCE Your Home Loan </li></ul><ul><li>In order to SAVE Your Home Loan INTEREST? </li></ul>KNOW YOUR HOME LOAN ?
  3. 3. <ul><li>If you say “YES”, you may have thrown away THOUSAND of Extra Dollars in interest to Your Corresponding Lender due to lack of knowledge in The Truth of Mortgage Reduction Packages in Malaysia. </li></ul><ul><li>Do you know where your EXTRA PAYMENT is paid to? </li></ul><ul><li>Where does your hard earn money goes to? </li></ul>Buying Property Or Buying Burden
  4. 4. YOUR MORTGAGE LOAN Installment Amoount $1,297.20 BLR: 6.75% Yearly Tenure: 30 Years (360 Months) Loan Amount $ 200,000.00
  5. 5. Monthly Installment $ 1,297.20 x 360 Months = $ 466,990.63 Loan Amount $ 200,00.00 Total Repayment $ 466,990.63 $466,990.63 - $ 200,000 = $ 266,990.63 Total Interest Interest $ 266,990.63 DO YOU KNOW ? Installment Amount $1,297.20 BLR : 6.75 % Yearly Tenure: 30 Years( 360 Months) Loan Amount $ 200,000.00
  6. 6. After Paying $77,832.00 for 5 Years Monthly Installment $1,297.20 PENALTY will imposed if you Pay Off your Home Loan Within 5 Years !! Pay to principal $12,248.58 Interest Paid $65,583.42 $200,000 LOAN AMOUNT , PAYMENT for 5 Years ($77,832.00), Outstanding BALANCE $187,751.42 (94%) Tenure: 30 Years ( 360 Months)
  7. 7. YOUR MORTGAGE LOAN Monthly Installment $1,297.20 INTEREST PAID $1,125.00 PRINCIPAL PAID $172.20 TENURE: 30 YEARS( 360 MONTHS)
  8. 8. Payment For 15 YEARS , Total $233,496.00 Monthly Installment $1,297.20 PRINCIPAL PAID $63,043.92 INTEREST PAID $170,452.08 $200,000 LOAN AMOUNT , PAYMENT FOR 15 YEARS ($233,496), Outstanding Balance $136,956.08 (73%) TENURE: 30 YEARS( 360 MONTHS)
  9. 9. <ul><li>After Paying for 15 Years , Total of $ 233,496.00, Outstanding Balance will be $136,956.08 (73%) </li></ul><ul><li>After Paying for 21 Years, Total Of $326,894.40, Outstanding Balance will be $100,000.00 (50%) </li></ul><ul><li>You Have to Spend 2.16 times of your hard earn money to PAY OFF your Home Loan </li></ul>Your Mortgage Loan Of $200,000 for 30 Years , BLR 6.75% , Monthly Rest , Monthly Installment Of $1,621.50 ; Do You Know That 。。。
  10. 10. WHY LIKE THAT ? <ul><li>FIRST , </li></ul><ul><li>Let me used the Amortization Schedule to show you something that the Lender does not want you to know 。 </li></ul><ul><li>Amortization Schedule </li></ul>
  11. 11. <ul><li>Flexi Loans </li></ul><ul><li>Term Loans </li></ul><ul><li>Islamic Loans </li></ul><ul><li>Government Loans </li></ul><ul><li>Principal Reduction </li></ul><ul><li>Partial Prepayment </li></ul>PROPERTY + LOAN = LIABILITY = DEBT CLEAR ABOUT YOUR LOAN?
  12. 12. Want to CHANGE , Released from DEBT <ul><li>Do you think property will give you profit if interest are added in ? </li></ul><ul><li>The pricing for property increased, it is comparable to the interest that we paid ? </li></ul><ul><li>Are we invest in property or invest in the interest that we paid ? </li></ul><ul><li>The only way to release from debt and to reduce to huge amount of interest that we pay is </li></ul><ul><li>PAY MORE </li></ul><ul><li>or </li></ul><ul><li>REDUCE THE LOAN AMOUNT </li></ul>
  13. 13. Installment $1,621.50 BLR : Yearly 6.75 % TENURE: 360 Months Loan Amount $ 250,000.00 Monthly Installment $ 1,621.50 x ( 360 Months ) = $ 583,738.29 Total Interest $ 333,783.29 Loan Amount $ 250,00.00 Total Repayment $ 583,738.29 1. Excess Payment 2. Advance Payment 3. Principal Reduction 4. Partial Prepayment 1. Excess Payment Current Account Loan Account Extra Payment $2,000.00 ( +378.50 ) $1,621.50 ( +378.50 ) Flexi Loans
  14. 14. inverse order of maturity Installment $1,621.50 BLR : YEARLY 6.75 % TENURE: 360 MONTHS Loan Amount $ 250,000.00 Installment $ 1,621.50 x 360 Months = $ 583,738.29 Total Repayment Total Interest $ 333,783.29 Loan Amount $ 250,00.00 Total Repayment $ 583,738.29 1. Excess Payment 2. Advance Payment 3. Principal Reduction 4. Partial Prepayment 2 . Advance Payment Suspense Account Loan Account Extra Payment $2,000.00 ( +378.50 ) $1,621.50 inverse order of maturity ( +378.50 ) Term Loans
  15. 15. Installment Amount $1,621.50 BLR : 6.75 % Monthly Rest TENURE: 360 MONTHS Loan Amount $ 250,000.00 - 10,000.00 $ 240,000.00 TOTAL REPAYMENT $ 250,000 ( 333,783.29 ) VS $ 240,000 ( 320,388.76 ) Total Interest $ 333,783.29 $ 320,388.76 $ 250,00.00 Principal $ 240,00.00 1. Excess Payment 2. Advance Payment 3. Principal Reduction 4. Partial Prepayment 3 . Principal Deduction Request for Pricipal Deduction $10,000 Difference $ 13,394.53 Term Loans Flexi Loans
  16. 16. Monthly Installment $1,621.50 TENURE: 360 MONTHS LOAN AMOUNT $ 250,000.00 Total Interest $ 333,783.29 Loan Amount $ 250,00.00 1. Excess Payment 2. Advance Payment 3. Principal Reduction 2 . Advance Payment Suspense Account EXTRA PAYMENT $10,000.00 ( +8378.50 ) Request Principal Deduction $10,000 1. Excess Payment Current Account ( +8378.50 ) ( +8378.50 ) 3 . Principal Reduction
  17. 17. The Power of Partial Prepayment Installment amount $1,297.20 BLR : Yearly 6.75 % Monthly Rest TENURE: 360 MONTHS Loan Amount $ 200,000.00 Shorten the Tenure , Save Interest ! Shorten the period of pay off 。 Loan Amount $ 200,00.00 4. Partial Prepayment Extra Payment $10,000.00 Shorten of 50 Months Total Interest $ 266,990.63 $ 211,619.06 $ -55,371.57 Balance of 310 months Save$56,777.86 8,378.50
  18. 18. Partial Prepayment www.bnm.gov.my
  19. 19. Banking info. Housing Loans Page 11. <ul><li>PARTIAL PREPAYMENT OF THE </li></ul><ul><li>OUTSTANDING LOAN </li></ul><ul><li>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. </li></ul>
  20. 20. NOW YOU CAN SAVE UP TO 90% OF YOUR HOME LOAN INTEREST? One Stop Financial Services YOUR FINANCIAL CONSULTANT

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