Ihsan is planning to buy a house in Putrajaya and he is look
Ihsan is planning to buy a house in Putrajaya and he is looking for a mortgage to finance his purchase.The price of the house is RM410,000 and PIMB Bank is currently offering a home loan package with a fixed interest rate of 6% per annum throughout the loan tenure.The margin of financing for PIMB Bank home loan is 90%.How much is Ihsan’s monthly installment if he takes a 30 year loan and pays a 10% deposit?How much will he end up paying at the end of 30 years?