Loan amount - RM306,000 (85% of property value)
Tenure - 35 years
Interest - 2.85% in first year only
MRTA - RM5000 (15 years), RM12000 (35 years)

I expect to finish paying the loan in 5 - 10 years so is it ok if I choose MRTA that covers 15 years only?

Rm 5670000 loan amount
clta Rm 12,780 cover 200k 30 yrs
Tenure 34 yrs
2.85%
Full flexi loan
Without clta 3.05%

An update it is clta, not mrta.
Should i take with clta?
Planning to take separate life insurance.

Hi everyone another question on mortgage . If the mortgage offer is signed on a specific rate but haven’t signed the agreement yet possible to re-evaluate to the lower rate due to timing difference ?

Hi sifus,

Need some advice on this. I’m getting mortgage loan and have question about getting insurance for it :

Loan RM740k
RHB offered 2.9%, 35 years but require to purchase minimum RM14k of MRTA/MLTA to get special loan rate (which I felt might not be too special, since a few of forumers managed to get around that rate without MRTA/MLTA)

I’m 33 years old with 2 kids, thinking not to buy MRTA/MLTA from the bank, but instead :

- Show them I already have RM650k death coverage from Prudential
- Topup RM500k life insurance coverage from FWD Death Insurance

Not sure if bank would accept FWD Insurance as the coverage, but I’m considering it because :
- It’s similar to MLTA, but on the affordable side. Ie. Levelled coverage throughout the tenure, and it’s attached to your name (not bank/specific property), so it will continue to stay valid even if you dispose the property earlier.

Appreciate if anyone could help share your thoughts on this, many thanks!