Lowyat.NET: Latest topics by freshgrad123

Contribute more than 100k in EPF

freshgrad123 — Thu, 29 Jun 2023 10:30:18 +0800

I am aware of the max contribution into EPF is 100k per year self contribute.

If I own a company, and I am a director of it, can I contribute like 1mil, 2mil or 3mil directly lump sum into my EPF account?

I am not talking about personal contribution which has a max limit, but company contribution, because I heard that company contribution is unlimited?

Please correct me if I am wrong. Thanks!

Also is there any processing fees or service fees charged

Reasoning of Home Flexi Loan

freshgrad123 — Wed, 28 Jun 2023 15:10:47 +0800

I came across a video mentioning above Home Flexi Loan.

I am so curious about why do bank offers Home Flexi Loan to consumer despite one of the income source of bank is to get interest.

If consumer place full amount into the loan account, wouldn't that mean the bank did a free lending to the customer without any interest?

Then what do bank earn and why they came out with this plan?

Is there any reasoning behind that bank would not want the consumer to know?

Semi Flexi Home Loan vs Compounding Interest

freshgrad123 — Tue, 27 Jun 2023 12:54:05 +0800

Hi guys, I have a question that bothered me for a long while.

Let's say I owned a house of RM700k, loan tenure 30years, currently I am self employed with monthly salary able to pay my home installment & cash on hand of RM 1M,

Now I have 2 options to choose from, I am not sure which option is the best:

1. Dump 700k into housing loan, so I pay 0% interest (or very very low interest), and the remaining RM300k used to invest.

2. Put entire RM1M into FD for 30 years (Or other fixed rate financial instrument), make use of the power of compounding interest.

Which options above can give a higher net profit after 30years?

TIA for the enlightenment!

WTS Samsung Galaxy S10 Plus (S10+) Prism White

freshgrad123 — Tue, 02 Apr 2019 16:46:26 +0800

Item(s): Samsung Galaxy S10 Plus 128gb (Official Samsung Malaysia)

Package includes: Brand new phone unopened sealed

Price: RM3200

Warranty: 1 year

Dealing method: COD

Location: Puchong/Kinrara

Contact method/details: WhatsApp 018-9117477

Item(s) conditions: Official from Samsung Malaysia (with Sealed Unopened Box)

Reason for sale: Purchased with a discounted price from company

In case you are not so sure about the colour:
https://youtu.be/xBTzYCgHMmI

S10 Plus Hidden features:
https://youtu.be/nosb3qYQMeg