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Financial MRTA vs MLTA vs Term Plus..., whatever they call it

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Aaron212
post Jun 30 2023, 10:39 PM

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QUOTE(RphAcng @ Jun 30 2023, 05:04 PM)
Hi,

I bought a property with SPA price 750k, and MLTT is offered by the bank at roughly 30k.

I have asked the banker if this is a one-time payment, and the banker confirmed that it is.

From my readings, MLTA/MLTT requires preriodic premium payment, but why is it a one-time payment in this case?
*
is that mrta?

my mrta needs 1 time fully payment and mlta gets to pay a fixed amount for lets say 5 years

 

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