Guys is it true max ASB for each kid below age 18 is RM50k max ?
Can I top up & redraw sesuka hati ? (in case need to use money)

My friend apply loan RM200k ASB for 24years monthly RM1250.
Assume 8% dividend = RM16k. He will redraw & top-up/up-front the coming year.
If this process keep repeat & after 24years he will get only RM200k right ?

If he keep paying RM1250 per month without redraw, by the 6th year he will get total RM300k due the rolling effect.. am I right ? & by 10th year RM400k ?
Thanks in advance ...

Not sure, but for Adult account Max. 200k

Thanks reply ... if 200k tiap-tiap tahun get dividend dont want to redraw can ?

I think just can not invest FRESH fund (put in new fund) only

This post has been edited by fly126: Jul 21 2012, 02:09 AM

oh... my flen will be happy to hear this, he got no money to put in aldy .. mau korek nasi lemak from him also susah

It's RM10k for Nader 18 ASB account. And yes, you can withdraw and make deposit as you please.


That's a sure thing.

yes, limit has been increased to 50K for AKaun Remaja

MilesAndMore ... Thanks for the info

cheahcw2003 ... Thanks info, you got it

I see. Man, i feel old now. It wasn't just too long ago i was 18 and the limit then was only RM10k. Perhaps they should increase the adult's limit to RM300k

This post has been edited by MilesAndMore: Jul 22 2012, 12:52 AM

I need advice.

Lately RHB bank is offering me an ASB loan.. ask me to take rm200k loan. So i wonder if it worth it since i dont have any other stuff to pay except for my life insurance. ? Any advice people.

So how do i calculate that ? im thinking 20 years loan payback.

Maximum Investment Akaun Dewasa - 200,000 units
Akaun Remaja* - 50,000 units

http://www.asnb.com.my/english/asb.htm

this issue has been discussed over and over again in the V1 and V2.
the conclusion is worth to do it. if u able to serve the monthly instalment of 200K loan, after 20 years when the loan expired, u will be a millionaire.

So how much you need to pay permonth anyway ?

If I have RM300k in my ASB account and withdraw RM100k, can I put it back again?

Yes. You can.

So the limit now is RM300k not RM200k correct?

max increased to 300k already? or still 200k max

still 200K, the 300K that others' mentioned was with the interest accumulated.

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Added on July 23, 2012, 11:06 pmdepending on your age, income, tenor of your loan, interest rate. You can use online calculator to count.

This post has been edited by cheahcw2003: Jul 23 2012, 11:06 PM

Can a non-bumi apply for the same scheme like take the loan and later pay off?

nope, asb only limited to bumi
so you cant apply for asb loan from bank