KCLau's Money Tips Forum

[arkilis27]

hi there,

i have an existing home loan(189k) from cimb bank and another loan (39k) (called enhancement loan) with the same bank that charge the house for it. Recently i'm trying to apply to refinance my home loan with the same bank. The question is...

1. can i choose to use the refinanced amount to ONLY settle the 189k home loan instead of both the 189k+39k loan which are under 2 different current account number under the same bank? Means i still want to service the existing 39k loan...i just want to settle the 189k loan only so i can have some cash flow to settle my credit card debts. If the bank settle the 2 loan accounts (189k+39k) then there would be no more balance of extra cash left for me to settle my credit card debts. Please help me with this. thank you.