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 get gov house loan or bank loan ?

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JS5016
post May 27 2008, 09:09 PM

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Joined: Jan 2008
From: - Stand By You -
QUOTE(b00n @ May 27 2008, 11:05 AM)
Government loan you need to pay RM1,319.59 (4%) and commercial loan you need to pay RM1,320.82 (6%) if the MRTA is at 5k.
So if you take out and pay separately for the MRTA (RM5k), your monthly repayment becomes RM1,288.60

Now you decide.
Bear in mind that it's harder and a rather complicated process in transferring of deeds and tittles from one to the other.
So overall, I would still recommend loaning using own name.

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tis is the most troublesome part.. sweat.gif but if TS doesn't mind about tis..then go ahead... since the loan is much more cheaper..

 

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