This was with minimal MRTA (only RM6k for a 470k loan) and with a 100% financing scheme.

My best offer at the time for a conventional 90% loan was 2.89% with UOB and 2.90% with Public Bank

The following clause is stated in Public Bank loan offer letter.
Can I opt out of such Standing Instruction?

In other words, before or on payment due date, I will manually transfer the money from my savings account to the loan account, for the payment of monthly loan instalment, under my own effort.
Thank you for the clarification.

Dear Sifus,

Newbie first home buyer here, so need some advices.

Just got approved a 530k loan with 2.9% interest rate, Mrta & Mlta are optional. Difference of monthly installment per month is only rm10 extra for mlta.

My questions here is:
1. Does it really necessary to purchase mlta/mrta since is optional? *house is for own occupation

2. If yes, which should i opt for? Thinking of mlta since is only rm10 extra but does it really worth it in longer run?

Please could you elaborate? How do banks generally come up with 3%? What are the drivers?

Also, is it mandatory to purchase MRTA / MRTT?

i took a conventional full flexi loan of rm500k at 2.9% for 35 years.

monthly installment is rm2000.
i feel its a bit tight, (rm1500 should be fine). 

let say if i can get rm200k, do you think if its a good idea to dump the rm200k into the house loan or to invest in asb?

HI Sifus ,

Bank just quoted me the MRTA of RM 14k for 11 years . Can we opt not to add this amount to the loan amount ?
I means just pay off one lump sum of RM 14k ..anyone tried this before ?

thank you 

A bit slow here. How does paying off MRTA upfront provides any savings? Say 100k loan with MRTA 10k for 10 year tenor;

Total loan is still 100k? MRTA is payable 1k per year on top of P+I. It is not part of loan outstanding? Am I missing something here?

Hi guys,is interest below consider acceptable?

Loan 335k
Full mrta 16k+ 3.0%
5years mrta 3k+ 3.2%

better offer from pbb

Loan Limit = RM335K + MRTA
Loan Tenure = 35 years
Interest Rate = 2.85%
MRTA of RM335K for 1st 30 years w Critical Illness of RM50K for 1st 15 years.
*Total premium financed by bank are RM9,953

Hi all,

Me and my wife are planning to buy another house with the price of rm750k subsale. Thus we would like to know whether single or joint loan would able to get a loan. Below was our details

Wife (contract)
Net income 2600
Ptptn 180
Saving 25k

Me (permanent)
Net income 7600
Car 1350 + 850( 2months more)
House 1470
Card 0 by end of month
Medical ins 450
saving 20k

Would like to seek for advice. Bank A offer 100% loan, 3% interest+mrta. Bank B offer 90% loan, 2.9% interest+mrta. The different of monthly instalment will be around RM100.
Is my first loan, don’t know how to choose. Should keep the 10% d/p fund for renovation use?

may i know why credit card you times 5%?

If really the rate is going up next year, 2.9% or 3% also cannot run.. I have the 10% d/p, but not sure put in as a dp is a best choice. I’m confuse.

if you have enough money, go for normal life insurance. MRTA type coverage seems cheaper but provides lesser monetary benefits in the long run

If previously I bought only 30 years of MRTA, how to cover for the shortfall of remaining 5 years of my loan.
Last time thought can save some money but MRTA full coverage really important suddenly you pass away before end of tenure.

Ok let me clarify.  This is an area where transactions are very limited as they rarely come up for sale.  The 2 buyers valuation is Std Chart 460k and aRHB 480k.   Now, current units for sale is one for asking 1.5mill (4.3k sq ft LA & renovated) and mine 3500 sq ft LA not renovated.  The taman beside mine one unit facing T junction 2.8k sq ft LA (around there) asking 900k.

So the difference is quite a lot which may be that the buyers dont have decent bankers, hence why im asking so when i get the next buyer Im prepared and can straight pass them your contact and they can deal with you on the loan processing directly. Its a win-win situation im trying to create, nothing about why a seller should help.

If can then do PM. thx

Hi everyone,

For RHB fully flexi loan... While it is fully flexi, I was verbally informed by my banker to just deposit up to 90% of loan amount and NOT the full amount...

I understand the bank needs to earn some coins from me... my question is... do I really have to obliged, since my intention has always been to deposit the full loan amount, to save on the interest?

Hi, just want to ask about interest rate.

HLB
2.63+0.22 = 2.85%

PBB
2.27+0.58 = 2.85%

Both also 2.85%, but PBB claim theirs is better due to low BR = more stable. How to tell which one is good.

Thank you.

Hi. I want to ask some advice here.  I have semi flexi housing loan. Should I withdraw RM10k KWSP and put it in housing loan account to reduce interest or better leave it in KWSP?

Thanks!

Ohh ok I thought standard rate for all bank, anyhow thanks for the advise ya.

Btw what is the reason reluctant to provide 90% loan?

Nope, only entitled for 9% rebate