Hi, when I applied for mortgage loan last year, I also include MRTA. My loan amount is RM412k and the MRTA is RM16k. Property is still under development to be completed mid year.

Is this MRTA amount considered high and should I cancel it after a certain number of years?

Is Maybank MaxiHome Loan a flexi loan?

I just noticed today that my home loan interest rate has gone up by 0.25%. But I never receive any notification from the bank about this. Is it because I stick to the original instalment amount even though there was a reduction in BLR a few years ago? .

Anyone else noticed their interest rate has also gone up? This is with MBB.

This post has been edited by honkkydorry: Feb 5 2018, 10:38 AM

No complains about the increase rate (the market is like that, what to say right) but I think banks should inform their customers first before actually charging them the increased %. It's like your insurance company increasing your premium without informing you first.

Hi all, I did a general search on this topic but didn't see anything pops up. I want to find out how to calculate how many more years it will take for me to settle my home mortgage loan. I have dumped in some advance payment several years ago (in hopes that it will reduce the principal). I remember there was an increase in BLR a few years ago which of course increased my monthly payment but ever since then regardless any reduced BLR I have maintained that same monthly payment.

Does anyone know the formula to calculate this? I don't think that online calculator will help as most doesn't take into consideration additional payment or change in interest rate (at the least the ones that I have googled). If anyone knows of an online calculator that includes this, do share. Thanking you in advance.

I went to the bank once for help but the officer kept saying the loan tenure will end when I completed all my loan payment (duh!) and was reluctant to assist further.