Lowyat.NET: Latest topics by jeff_ckf

MRTA

jeff_ckf — Sat, 12 Mar 2011 09:19:43 +0800

Hi guys,

I would like to find out how does the banks calculate the MRTA portion and the premium to be paid? Let's say the loan amount is RM 100k and the loan is shared between me and wifey (we're both working). To my knowledge, the total MRTA for both of us should total up to RM 100k but I got a quotation from the bank where my figure is RM 100k and her figure is also close to that.

Would love to hear views from all the members here if my understanding is wrong and if so please correct me and let me know how it really works.

USA Cross Directorships

jeff_ckf — Tue, 14 Oct 2008 17:42:05 +0800

Hi all,

I am wondering if any of the members here have an idea on where can I get a source to get cross directorships for a particular individual in the United States? Any help or info provided is much appreciated

[addedon]October 14, 2008, 10:24 pm[/addedon]No one has any idea on the question I just posted? I've been trying to find it online but seems to be seeing a dead end

Celcom Prepaid Reload Validity Period

jeff_ckf — Fri, 13 Jun 2008 10:09:54 +0800

Hi all sifus,

I got a query here regarding Celcom prepaid reload validity period. My dad normally reloads RM 10 and he told me that the validity period given was 7 + 5 days = 12 days.

However, he reloaded on 7 June 2008 and the expiry date was 14 June 2008 instead of 19 June 2008.

Anyone knows whether Celcom has withdrawn the bonus validity period?

Thank you all for your time

Need opinion on the new Saga BLM

jeff_ckf — Wed, 04 Jun 2008 10:10:48 +0800

Hi all lowyat members (especially BLM owners),

I am planning to get the new saga BLM in 2009 (hopefully there is a H-line by that time) and would really appreciate some of your comments on the car. Current owners or anyone who has friends driving one is invited to share their opinion on the car. To standardize the discussion, please post your comment in the follow format:

Model: (E line, B line or M line)
Waiting period:
Fuel consumption: (please mention together with kilometers traveled)
Transmission:
Problem(s) faced:
Good comment(s) if any:
Remarks: (anything that I should take note of before buying)

All of your opinions and feedbacks are highly valued and would go into my consideration for the purchase of this car

How to calculate reducing interest

jeff_ckf — Tue, 20 May 2008 22:19:44 +0800

Hi all,

I recently bought a landed property which costs RM200k. I have secured a 90% loan from Maybank with a tenure of 30 years. My loan package allows me to reduce the principal amount after the tie-in period which is after the fourth year (during the tie-in period only an additional payment of 6 months installment will be used to reduce the principal, anything more and they will charge me instead ). The interest rate that I got was 2.88% for 1st year and BLR - 2% for subsequent years.

My question to those who may help is:

(1) How do I calculate how much interest that I saved by paying extra? (e.g. Paying double the monthly repayment)
(2) Any formulate to calculate how much I need to pay to settle my loan within 10 years (assuming no refinancing involved)?

Currently, I am the only one working and my loan amount (which would start in July 2008) is RM 750/mth. After one year it will move up to RM 950/mth.

I am going to apply for the new EPF withdrawal which allows monthly withdrawal to offset the monthly installment. Based on my current salary I can withdraw RM 200/mth. Therefore, my net loan amount is actually RM 550/mth.

Starting from mid 2009 my other half would be graduating and we would be saving more income in preparation for reducing the principal once the tie-in period of 4 years is over. Therefore, I can safely estimate that we will be able to pay RM 2k/mth after the fourth year.

Any pointers on the method of calculation would be greatly appreciated.

P.S. I did ask the Maybank staff about this and they say it will be shown in a yearly statement. But I would prefer it if I know how to calculate the savings and reduction in tenure myself. Cheers!