Outline ·
[ Standard ] ·
Linear+
Financial Calculation of MRTA, How to calculate MRTA with loan RM330K
|
fastclick
|
 May 12 2017, 10:46 PM
|
New Member
|
QUOTE(Fazab @ May 12 2017, 09:40 AM) All govt housing loans must take MRTA, so you can actually head to the LPPSA website and use their calculator for a rough estimate. MRTA will depends on your age, gender, amount of loan, loan period and which insurance company. Unfortunately the calculator only goes up to 30 years loan period, max. http://www.lppsa.gov.my/v1/index.php/kalkulatorThanks ! I took the loan. However, I still do not understand how PBB and MayB calculated the MRTA/MRTT. Loan amount approved 522K by 2 banks. Both ~ 4.25% interest for 35 years. I am 30 years old. PBB - MRTA 20 years - 9K MayB - MRTT 35 years - 24K How is the MRTA calculated ? Huge gap. |
|
|
|
|
|
AskarPerang
|
May 13 2017, 01:34 AM
|
|
|
QUOTE(fastclick @ May 12 2017, 10:46 PM) Thanks ! I took the loan. However, I still do not understand how PBB and MayB calculated the MRTA/MRTT. Loan amount approved 522K by 2 banks. Both ~ 4.25% interest for 35 years. I am 30 years old. PBB - MRTA 20 years - 9K MayB - MRTT 35 years - 24K How is the MRTA calculated ? Huge gap. I just took a 300k loan. Quoted MRTA full insured sum. 35 years MRTA (RM 14k) vs 25 years MRTA (RM 7k). So you can see the amount double. For your case, 35 years vs 20 years should be more than double the differential amount. Anyway, since yours from different bank, will have slightly different risk judgement base on your age, gender, occupation, etc. |
|
|
|
|
|
Fazab
|
May 13 2017, 09:15 AM
|
|
|
Yeah. Even on LPPSA, different insurance panel will guote different amount.
My uncle took 250k loan at age 50, loan period 20 years, MRTA almost 50k.......😨😩
|
|
|
|
|
|
fastclick
|
May 14 2017, 03:12 PM
|
New Member
|
QUOTE(AskarPerang @ May 13 2017, 01:34 AM) I just took a 300k loan. Quoted MRTA full insured sum. 35 years MRTA (RM 14k) vs 25 years MRTA (RM 7k). So you can see the amount double. For your case, 35 years vs 20 years should be more than double the differential amount. Anyway, since yours from different bank, will have slightly different risk judgement base on your age, gender, occupation, etc. Thanks for sharing the information. I feel much better now =). |
|
|
|
|
Quote
0.0135sec
1.06
5 queries
GZIP Disabled