Interest for MRTA during construction
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 Oct 22 2019, 12:43 PM, updated 7y ago
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#1
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Junior Member
380 posts Joined: Aug 2019  
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Hi all, I bought an apartment this year and get loan from the bank.
At the same time I also purchased the MRTA from the same bank. However i have been asking to pay the MRTA interest during the project construction. Is it correct? I have thought we only have to pay the progressive interest, i did not expect that we have to pay interest for MRTA as well. Please comment on this, thanks! |
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Oct 22 2019, 02:34 PM
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#2
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Junior Member
380 posts Joined: Aug 2019
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QUOTE(mini orchard @ Oct 22 2019, 02:07 PM) You took loan for your MRTA? Yup, MRTA is bundled into the loan. |
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Oct 22 2019, 08:20 PM
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#3
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Junior Member
380 posts Joined: Aug 2019
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Does it means, during construction I have to pay 2 types of interest: MRTA interest and progressive interest.
Until unit VP then I can start pay the monthly loan instalment, is it correct?? |
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Oct 23 2019, 07:34 AM
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#4
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Junior Member
380 posts Joined: Aug 2019
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QUOTE(BEANCOUNTER @ Oct 22 2019, 11:13 PM) What do you mean by bundled with housing loan? 530k for 30 yearsSay loan 500k Mrta 30k Did your loan agreement 530k for period say agreed 30yrs Or Loan agreement 500k Mrt agreement 30k payable over max 10 yrs? |
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