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Term Insurance to cover Housing Loan??

 
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scorpio76



Joined: 21 Mar 2007
Posts: 8

PostPosted: Wed Mar 17, 2010 12:54 pm    Post subject: Term Insurance to cover Housing Loan?? Reply with quote

Can any kind soul please advise whether I can buy a Singapore Term Insurance and not buy MRTA or MLTA to cover my bank loan?

Currently working in Singapore and just purchase a property in Johor

According to the mortgage broker, HSBC has approved my loan. If I get the Insurance from Singapore, will my loan be subject to review again? Confused
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stepsecr



Joined: 08 Dec 2006
Posts: 7

PostPosted: Tue Mar 30, 2010 9:10 am    Post subject: Reply with quote

hi there
Well, you could do so by buying a term loan in SG and not taking any MRTA or MLTA in MY

BUT, i would suggest you to try buying in MY, as the cost is slightly lower
Anyway anydoubt, feel free to email me:

oc_paradisemy@hotmail.com
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stepsecr



Joined: 08 Dec 2006
Posts: 7

PostPosted: Tue Mar 30, 2010 9:14 am    Post subject: Reply with quote

hi there
Well, you could do so by buying a term loan in SG and not taking any MRTA or MLTA in MY

BUT, i would suggest you to try buying in MY, as the cost is slightly lower
Anyway anydoubt, feel free to email me:

oc_paradisemy@hotmail.com
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View user's profile Yahoo Messenger
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