This is very common policy that adds to your mortgage loan, the insurance that allows home buyers to protect themselves financially against possible death or permanent disability. Under the plan, anyone who dies or becomes permanently disabled before his mortgage is paid off will be relieved of his mortgage debt so long as he has made his MRTA / MLTA payments.


MLTA (Mortgage Level Term Assurance)
Transferable - is transferable whenever the borrower buys a new property or refinances his loan with another bank as many times as you need.
Savings + Returns - premium paid will be accumulated either as savings or savings plus returns. The cash value can be used to pays off your mortgage.

MRTA (Mortgage Reducing Term Assurance)
Not Transferable - new MDTA policy has to be taken up whenever a borrower changes his properties or refinances his loan with another bank
No Cash Value - zero cash value at end of the mortgage tenure

PB - Lion Chow Kit 012-940 8171

but OCBC only offer DIBS

So far only Ambank call me also.......... other bank so slow
Approve 80% only mention that my credit usage is quite high.
change to 40 years and try to help me appeal again~

3 bank already call me today all same feedback................. high credit card usage even i'm prompt payment somemore is full~

Ambank only 85%, CIMB decline request to join another person for the loan, OCBC request 6 mths payslip.......... pengsan

still waiting for PB & Allianz...........

haha I made full card balance. The reason giving is my usage is high than my monthly income.
they request if I got any FD Acc or any investment but I don't have any other that insurance and saving acc..............
then for my cc i help my parent to buy funiture by monthly installment, they every month will pay me back the $ cos they don't have any credit card.
so they call me mention that I go too high outstanding with bank more that 30K

huhu at last my turn...............

I LOVE OCBC!!!!!

DIBS
No MRTA required
include finance legal fees
3 yr lock in from 1st drawdown
Semi-Flexi - Every withdrawal RM10 charge, min 1k withdrawal
Penalty 3% of loan amount if early settlement

My SA is a young guy is nice too good follow up.