Financial MRTA vs MLTA vs Term Plus..., whatever they call it
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 Sep 10 2010, 10:43 PM
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#1
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1,927 posts Joined: Sep 2009 
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QUOTE(Seremban_2 @ Sep 10 2010, 12:02 AM) MRTA is an insurance set by the bank and they want it to be insure. MRTA can be optional but the interest rate will be higher if no MRTA. I think it is impossible.  How do we link MLTA with bank loan ? anyone knows ? |
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Sep 11 2010, 01:11 PM
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#2
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QUOTE(onnying88 @ Sep 11 2010, 12:48 AM) Currently there is a lot of bank make the MRTA an optional and not compulsary already, Interest also same without MRTA. Regarding MLTA, can we get back the premium paid after xx number of years when the insurance expire (and nothing bad happens to us ).For MLTA, basically there is no need to make it link with the loan, as the policy holder is you. That's mean you or your beneficial can use the surrender value/compensation to pay off the loan when needed. Is there any interest earned on the premium paid ? This post has been edited by jalsrix: Sep 11 2010, 01:12 PM |
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