Nope, many banks are optional for MRTA already. But some bank will be compulsory to take MRTA if you want better rate.

If you think you will getting at least one property in hand in anytime at future , it's good to get MLTA to cover the loan for let say 20 to 30years. As the premium will be cheaper compare you get it again later on. As MLTA can be use to cover any loan you have at anytime.

How much you get back for it and is the surrender value guaranteed at 26-28yrs? What is the coverage amount? RM200k each or RM400k each?

Compare with RM400 into insurance and RM400 into loan, Of cause go into loan will help settle the loan faster by a lot. But you will lose all the coverage and benefit from the insurance that you might need in case anythings bad happened.

Will send you quotation from HLA shortly after this.

Regards,
Onn
017-6100337

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Added on November 3, 2010, 3:28 pmYou have my quotation in PM.
Anyone that would like to get some MLTA or MRTA quotation, feel free to pm me. No obligation and it's free. Will offer some free give or rebates only for LYN.

This post has been edited by onnying88: Nov 3 2010, 03:28 PM

yeap... MRTA is a must for some banks to lock better rate but most lock you for longer period as well

You want more from the bank, the bank also want more from you.

not necessary, my loan came without the need to have mrta

ok then..i kinda thought MRTA or MLTA is neccesary for a certain reason..not sure what it was now..hmm is MRTA or MLTA compulsory for any reason then? or the terms have changed now?

2 to 3 years back... MRTA is a must

then the law changed, nothing is mandatory now

i see..thanks for the info.

hi guys, just found out of this. there's another called MPRP

that function almost same with MLTA. it covers the loan amount through out the years of the loan and can at the 15 or 20 year able to settle the remaining loan.

Please kindly give me the quote.

My loan amount is RM342 tenure for 20 years.

My age is 27.

Thanks.

This post has been edited by huanwen: Dec 9 2010, 10:58 PM

I've send you a quotation from Hong Leong. Please check your mail box.

Anyone who interested to get MLTA or MRTA quotation feel free to pm me too.

Regards,
Onn

Loan: 400k together with my brother
Age: me 26yrs & brother 30yrs
Loan Tenure: 40 years
Plan possibly either sell or refinance in 4 -8 years time. Also planning on acquiring another property in the futures.

kindly send me d quote for MLTA or others suitable plan.. thx ya

Need help/advise for MLTA or any other insurance to cover my housing loan

Loan : 525 K
Age : 25 yrs
Loan Tenure : 30 years
BUying for investment purpose. Will sell or refinance in 5 years time.

You can email me @ nas.yusairi@gmail.com. Thanks!

This post has been edited by yus5804: Dec 26 2010, 12:40 AM

Hi,

I am looking for MLTA for my house loan of 400k. I am 27 male. My loan period is 30yrs.
I need insurance that cover Dealth, permanent disable and critical illness.

Do i need to do medical check up? and will the result affect the insurance price? Kindly send me a quote. foong_14@yahoo.com

Mr. Yap

Here guys, found this on the Internet. Maybe reading this can help you have a better understanding. Good luck to all!

http://www.iproperty.com.my/news/2877/Mort...operty-Purchase

MRTA is simply put, your mother buys a house and she dies, the MRTA will then pay for the remaining outstanding of the loan.

Nice article that can help forumers...

if getting loan from govt, can buy MLTA from agens? or govt also have similar products?

which bank do offer MLTA ?
any big difference between of them?

Bank do not offer MLTA, it's the insurance company who offer MLTA to you as MLTA=life insurance.

Basically, MLTA can be come under this 3 category. Each have their pros and cons too. It's better for you to get the quotation and compare which is the best for you.

-MLTA with No surrender value (term life product)
-MLTA with Non guarantee surrender value (normally investment link product)
-MLTA with Guaranteed surrender value (non par whole life product)


I'm providing MLTA service from Hong Leong Assurance. I can send you the quotation of all MLTA type as above for you to compare.
No obligation, just pm me your detail such as loan amount, tenure, age and gender.

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Added on February 25, 2011, 6:07 pmYes, you may buy from any agents. No conflict with the govt loan for sure.

So far as i know,i never heard of any MLTA provide by govt yet.

This post has been edited by onnying88: Feb 25 2011, 06:07 PM