Hi everybody...

I just followed the topics recently. I just want to share something i took for my housing loan. Beside MLTA, there exist another mortgage protection which is call MPRP (Mortgage Protection & Reduction Plan)..
The idea is we have saving, protection and at the same time reduce the tenure of housing loan..
My housing loan for example:

Loan RM220K
Face amount=RM220K (TPD,36CI,Death)
Monthly payment= RM1200
Tenure =32 years..


I took MPRP from this marvellous insurance company,i pay RM300 monthly.In nearly 21st year later, i will get about RM100K plus in my MPRP account and the premium will be taken to settle up the remaining 11 years(32years-21years) housing loan from bank!!!
I think it is a good idea to sacrifice RM300 now and get saving for about RM158,400(RM1,200 x12month x 11 years) later...

If you can manage your money wisely, i think there shouldnt be any reason you won't took MPRP man...

Email me if you're interested:syazwan.tsm@gmail.com

There shouldn't be a problem to share good things with all of u my frenzzz:)

Remember, THE GOOD INVESTMENT IS NOT BUYING A HOUSE;
THE GOOD INVESTMENT IS HOW TO SAVE/REDUCE THE INTEREST RATE OF HOUSING LOAN!!

This post has been edited by skyside: Apr 3 2009, 06:28 PM

Thanks for the reply everybody..

Attached herewith the premium table for your review..

The calculation is based on the lowest return according to BNM.

You can see in 20th year, the return is more than RM100K (RM106,124.00)

The return should be more which will definitely lower the loan tenure less than 20 years..

What i want to share is i would sacrifice now (RM300 x 12mth x 20years=RM72,000) rather than survive in the future

paying loan installment (RM158,400(RM1,200 x12month x 11 years))

At least i can save RM86,400 (RM158,400 - RM72,000)

This post has been edited by skyside: Apr 4 2009, 10:52 AM


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Hi everybody,

Well, scenario 1- account value is projected value or in other words returns

after certain years. All quotation must based on Bank Negara Malaysia

5.5%.By right policies should entitled for 6% to 8% in long terms.

This is why the QUOTATION says non-guaranteed.

Secondly, scenario 2- always comes when the country economically

collapse in a sense like sri lanka or indonesia. It is something like third

world country.Currently it is true that we are partially effected with this

economic problem but it is absolutely truth that our country cannot be worst

to that level. Usually and normally, we should follow scenario 1 only.

Anyway, i hope we can help each other conveying good msg pertaining to

MRTA/MLTA/MPRP...