Hello

I am a first home buyer in KL.
Buying a condo and got two bank offer for the housing loan of over 650k

Bank R
3.9%(base) + 0.6% (spread) = 4.5%
MLTA insurance for 25 years
monthly instalment of RM3091 for 35 years

Bank C
4.10% (base) + 0.45% (spread) = 4.55%
MRTA insurance of 35 years
monthly instalment of RM3121 for 35 years

Need advice from you all...
thanksss

Cheers

This post has been edited by Quantum92: Apr 30 2018, 08:46 AM

Always go for the bank that able to "secure" a lower Base Rate. Unless you need more cash-on-hand and certain bank able to offer higher lending %.

In term of insurance, if you're not happy with what the bank offered, you may look for other insurance company to insure the purchase.