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Paying in advance downgrades credit rating


I RECENTLY had a chat with a bank officer about my housing loan which I have been serving for around 10 years out of the tenure of 35 years.

I found out about the EPF withdrawal scheme whereby contributors could withdraw an allowable amount from their account to pay their housing loan and thought of using this to make a lump sum payment to reduce my outstanding loan and monthly instalments.

Letters , Fiance , housing loan , prepayment

   

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