Paying More than the Monthly Amortization

[slapz]

Hi Guys,

Anyone here na naka-experience na na ibaba ang loan terms nila for their cars? Meaning kung dati, 60 months sya, tapos you've paid for more than a year na, and you want to shorten the loan term, possible ba yun? For example, 14K ang MA mo previously, but you want to pay 20K monthly. Meron na bang gumawa ng ganito?

[Retz]

^

hindi ko pa nagawa pero pwede yan sir ung ganyan arrangement with the bank natanong ko na kasi dati.

[slapz]

Tatanong ko na din nyan sa bank, pero ayaw ko kasing magmukhang tanga, kaya nagtatanong na din ako dito. ehehe!

[xninjax]

It's possible but it depends on the approval ata ng bank .. Loan re-structuring ata tawag jan

[slapz]

Well, I think this is a better decision for me, tapusin na muna kaagad ang loan, baka kumuha ng additional loan. ehehe!

[shadow]

Hinde ba pag loans every anniversary lang pwede mag restructure?


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#retzing

[slapz]

eh kung kakalampas lang ng anniversary? ahaha! Anyway, nakausap ko na yung tito naming Relationship Manager, he will work it out daw. I said na gusto namin matapos in 2 years, and X amount ang kaya namin na monthly.

[lowslowbenz]

It's possible but it depends on the approval ata ng bank .. Loan re-structuring ata tawag jan

Yup, pero meron mga banko na they will charge you a fee for that.

Gusto mo na nga bayaran ang utang mo para mabilis matapos, pe-penalize ka pa nila. Demonyo kung minsan mga banko na ito!

[Gumusut_Amige]

Hi Guys,

Anyone here na naka-experience na na ibaba ang loan terms nila for their cars? Meaning kung dati, 60 months sya, tapos you've paid for more than a year na, and you want to shorten the loan term, possible ba yun? For example, 14K ang MA mo previously, but you want to pay 20K monthly. Meron na bang gumawa ng ganito?

natanong ko na yan dati. pwede daw sa banko ko yung loan restructuring. pero check mo na rin para sigurado. baka pwede sa banko ko tapos di naman pala pwede sa iyo.
in other countries like brunei where i am working now, walang restructuring sa kanila! kahit bayaran mo ng buo ay wala kang makukuhang rebate sa total loan amount plus yung interest in X years! swapang mga banko dito hahaha.

[slapz]

Well, once I get the change in the amount, compute ko nalang kung magkano ang difference. Actually, looking at my online account, nakikita ko na dun yung pay-off amount, yung pay-off amount, mas mataas ng 5K sa remaining principal.

So malamang, may charge nga kapag restructure. Kasi yung interest na sana kikitain nila, eh tatanggalin mo.