Early Termination MRTA, partial refund of premium?, Possible?
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 Jun 10 2008, 12:08 AM
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#1
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Junior Member
63 posts Joined: Feb 2008 From: Kota Kemuning / Shah Alam / Subang Jaya / KL 
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Depends on the MRTA. Most of them, yes but my mom's 15years+ loan MRTA no refund. And due to lack of supporting documents, I'm unable to fight for a partial refund.
10years/30years, NORMALLY you can get around 60%-70% refund. Based on latest calculation. |
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Jun 11 2008, 12:58 AM
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#2
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Junior Member
63 posts Joined: Feb 2008 From: Kota Kemuning / Shah Alam / Subang Jaya / KL
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Traditional MRTA normally you still can get refund as long as the loan is terminated either by selling off, full settlement by cash or EPF or refinancing. That's the basic MRTA, if they say no surrender value then ask for any supporting documents regarding the MRTA. The bank is not being honest.
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