Apr 24 2019, 11:40 AM
QUOTE(chilskater @ Jan 17 2019, 09:06 PM)
MRTA and MLTA no need to buy, just buy insurance that can cover ur housing loan...but a bit mahal...when it is matured, u get the money and coverage ..just buy for MRTA & MLTA for 5-10 years, the bank will offered cheap rates when it is about to expire, instead ofone lumpsum 35 years
u mean buy from insurance agent or bank? First time house buyer.Below is the offer given by bank. Can advise?
RHB Loan Approved
Total Loan amount: RM439,773.00
Loan margin: 90%
Loan tenure: 35yrs
Interest rate: 4.55%
Monthly installment: RM2,095
* loan amount including MLTA, cover 350k for 33 years
For the MLTA. It’s included in the loan, no upfront payment. It’s rm21,273 for the coverage, if divided into 33 years, per month it’s only RM53. Monthly payment RM53, to cover 350k. Usually outside won’t be able to find this rate
This post has been edited by Ganandran: Apr 24 2019, 01:28 PM
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