Oct 22 2019, 03:11 PM
QUOTE(mini orchard @ Oct 22 2019, 02:41 PM)
Bank pay first on your behalf, definite have to charge int every month ... same as bank paying on your behalf to your seller through housing loan.
Exactly this. The bank lends you money to buy the MRTA. Bank lends you money to buy anything of course they charge you interest as long as the principal isn't paid off. If you don't want to pay interest for the MRTA portion, pay into the loan account to reduce the amount of principal equivalent to the MRTA premium (assuming your loan is flexi or semi flexi)This post has been edited by Aurora Boreali: Oct 22 2019, 03:17 PM
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