Anonymous
Home loans are top-heavy. At the start, a monthly instalments service a larger percentage of the interest rather than the principal loaned, this is reduced through the years. When we make a partial capital repayment, would this percentage reset as well?
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U r using hdb loan or bank loan?
If hdb loan, they will recalculate yr new monthly installment after yr partial repayment. Evy reduction in yr outstanding loan, yr interest and principal allocation will b adjusted (interest portion will go down).