Quick question here. can we terminate our mrta with insurance comp anytime and get some of our premium paid? My mrta still has 20+ years to go..
Financial MRTA vs MLTA vs Term Plus..., whatever they call it
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 Jan 27 2012, 12:39 AM
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Jan 27 2012, 11:36 AM
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#2
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QUOTE(Chris Chew @ Jan 27 2012, 02:01 AM) depends which bank and it's insurance company. Thanks, have called the bank which is the policyholder. They will cancel it for me and get back the remaining premium after I've redeemed the loan in full.Mostly now, are allow to cancel and redeem the surrender value, which is according to your MRTA table. Try find the policy out and I am assure the table/chart is there to show you.  |
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Jan 31 2012, 12:03 AM
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#3
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QUOTE(ahlik @ Jan 30 2012, 11:16 PM) Hi all need your advise Mine one was charged 7k++ for 30 years tenure and loan amount is half of yours. But this is was many years ago.I am first time buyer. Curreny i am applying housing loan through hL bank around 300k. They offer me MRTT and charge me aroubd 7k++ n my wife 5k++. How come it so high a? Is it an usual charges for this MRTT loan? |
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Feb 12 2012, 03:44 PM
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#4
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QUOTE(clickNsnap @ Feb 12 2012, 02:58 AM) Hi all, I'm interested to know as well but I think different insurance companies/banks are charging different rates?Need some advise... How much do I need to pay for MRTA & MLTA with the my details below: DOB : year 1970 Gender: male Occupation: Executive (non smoker) Loan amount: 390k Loan tenure: 23 years Thanks. |
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Feb 14 2012, 11:27 PM
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#5
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QUOTE(Fazab @ Feb 14 2012, 08:31 PM) For MRTA Prudential has an online calculator https://www.prubsn.com.my/bpp/kalkulator.php Sorry, I thought the links are used to calculate monthly repayment instead of MRTA.also Aviva http://www.cimbaviva.com/BPP2/calculator1.asp These are for govt loans, I think. Not sure if they use a different rate. Quotes from these were more expensive than what I got from my home loan banker. Caveat emptor. Use at your own discretion. |
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Feb 14 2012, 11:54 PM
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#6
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QUOTE(Fazab @ Feb 14 2012, 11:46 PM) Also give the figure for "Sumbangan Gadai Janji". MRTA compulsory for govt loan, and is inlcuded in the total loan amount. It gave me this message - "Jumlah pinjaman melebihi had"  |
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Feb 15 2012, 12:48 AM
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#7
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QUOTE(Fazab @ Feb 15 2012, 12:36 AM) Sorry, forgot that max govt loan = 450K Alamak, no wonder la ..  Limited use.  |
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