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

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Aeon_Clock
post May 15 2011, 09:39 PM

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don't forget MLTA has 36 Critical Illness coverage...which MRTA doesn't cover
Aeon_Clock
post May 17 2011, 01:55 AM

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one question about MRTA. Let's say I insure for 5 years only...after the 5 years...can I buy another MRTA?
Aeon_Clock
post May 17 2011, 11:37 PM

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QUOTE(MaxWealth @ May 17 2011, 03:25 AM)
Yes you can ** T&C applys..but if you get 5 years, the reducing rate is way too fast compared to your outstanding balance loan
*
Sorry, can you explain on this?

QUOTE(Eng_Tat @ May 17 2011, 08:54 AM)
Hi, any can roughly estimate how much is the mlta will look like? thanks
Loan: 290k and 350k
Age: 27
Tenure: 33 years
*
I got a quote for 30 years for 340k...between RM10k-11k. Some banks charge just over RM11k. 25 years is only 6500-7000. So if you take 33 years (for 350k)...I'd expect it to be around 15k
Aeon_Clock
post May 20 2011, 04:09 PM

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it depends on number of years. Like I mentioned in previous page...
336k loan MRTA is...
25yrs - RM6,500
30yrs - RM10,000+

but even so...414k loan shouldn't go up that much.
Aeon_Clock
post May 22 2011, 02:27 AM

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question. Can you get the bank loan from "Bank A" but get MRTA from "Bank B" or straight from an Insurance company?

This post has been edited by Aeon_Clock: May 22 2011, 02:28 AM
Aeon_Clock
post May 22 2011, 03:03 PM

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really? blink.gif

 

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