Hi guys,

Rate these offers, since i am first home buyer i need your guys help.

Purchase price: RM1.1M
Tenure: 35 years

PBB - 3.7%, MRTT covers 200k first 21 years and 100k for next 15 years.
MBB - 3.65%, MRTT premium 70k covers full sum throughout 35 years. Single rate.

PBB installment is still RM200 lesser than MBB though.

Help me guys! My gut says go for MBB since the offer can cover full sum of loan.

This post has been edited by wolf91: Aug 18 2025, 07:42 PM

PBB counter offer. MRTT premium is 53k for full sum 35 years coverage. But they removed critical illness coverage for 200k and change rate to 3.55%.

MBB cant counter offer, their rate minimum is 3.60%

My age is 33 y.o.

Im not sure why PBB cant give minimal. By the way, i already signed RHB.
At first i only applied PBB, their rate is 3.7%.
MBB offer 3.60 + mydeco loan which is final offer.
And then RHB came and offer 3.55%.
i dont expect RHB can give such lowest rate and better MRRT premium. PBB counter offer to match RHB. But i go for RHB instead.
I have bad impression to PBB. Like why they dont give the best package to offer initially like the other banks.

So final offers:

Loan tenure = 35 years
House value = 1.1 million

1. MBB = 90% loan, Rate 3.60 + my deco loan, MLTT RM83k full sum coverage @ 25 years
2. PBB (Option 1)= 95% loan, rate 3.55, MRTT 53,866, partially coverage 90% of house value @ 35 years. First year rate is 3.05%.
2. PBB (Option 2) 95% loan, rate 3.55, MRTT 69k full sum coverage @ 35 years. First year rate is 3.05%. (Installment higher than option 1 by RM100).
3. RHB = 95% loan, rate 3.55, MRTT 53,866, full sum coverage @ 29 years.

I opt for RHB. Both PBB and RHB give me hard time to choose. I know you guys will choose PBB option 2.