Jan 31 2012, 01:45 PM
QUOTE(ahlik @ Jan 30 2012, 11:16 PM)
Hi all need your advise
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?
Insurance premium is determined by 3 items;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?
1) Amount to be insured.
2) Age of insured
3) Tenure of insurance.
the higher of any of the above 3, the higher the premium. Also depending whether if its a annual premium or 1 time premium.
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