Apr 25 2019, 09:51 PM
QUOTE(Ganandran @ Apr 24 2019, 11:40 AM)
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
Don’t think that is MLTA, most probably be MRTA. It will be on reducing scale, do check up with Banker the coverage period and amount. Do buy as close as possible to the 35 years tenure if you don’t plan to fork out MLTA monthly premium.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
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