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I would like to know how to calculate the monthly installment by the bank for a property loan.
Loan amount = RM1,583,980
Flexi loan = BLR-2.20% (present BLR is 6.85%)
Instalment amount = RM8,168
Tenor = 30years
How the amount RM8,168 calculated? Can provide example how this flexi loan benefited compared to semi-flexi.
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