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toolbox03

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Everything posted by toolbox03

  1. Hdb Loan

    toolbox03 replied to toolbox03's topic in HDB New/Resale Flats, Executive Condominiums
    So the interest is calculated every year on remaining principal and not compound interest over 30 years? The minimum for partial redeem is at least $500?

  2. Hdb Loan

    toolbox03 replied to toolbox03's topic in HDB New/Resale Flats, Executive Condominiums
    That means for partial redeem, minimum you need to fork out is 500 and above? Say you pay 10k for partial redeem every year, is the interest is calculated on the remaining principal amount? Will your monthly instalment still be the same or reduced?

  3. Hdb Loan

    toolbox03 posted a topic in HDB New/Resale Flats, Executive Condominiums
    How do you calculate HDB loan? Say you loan 300k for 30 years at HDB interest of 2.6%. Do I use the compund interest calculator to calculate? The interest is annually? Is there any penalty for early redeem?

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