The picture sounds more and more like ah long style. Just need ic not need collateral (then what is kwsp acc 2? You air ah?) And not need guarantor.. fast approval...  All ah long keyword. Lol

Best part? First 12 month profit rate first. Die die want to bite you first. 😂 Definitely not a good deal. This is not a term to help borrower lo. Skip~

that's why it boils down to education on financial literacy.
it's really a pity 

why the first 12 months instalment is lower? is that common in term loan?

interest payment only...to ease your cash flows...or in another word bank want earn more interest 

I don't mind they 'earn' more interest from me. The longer they don't need me to pay back the capital the better.

30k means only 30k qualify

How we use this RM50K is very critical. If use it to buy something which depreciate, it's a double kill. It reduces the money that we will have when we retired, and also miss out all the dividends that we might get for these 10 years (assuming MBSB interest = kwsp dividend rate).

But for those that is financially savvy, this serve as a very good opportunity to earn more than what kwsp can pay us, which is a petty 5.x% dividend rate. We can cash out in advance, and deploy this bulk of money when opportunity arises. During this 10 years, you only need to have a super good chance to buy a super good investment, you can earn back multiple times of what you paid to MBSB.

Car is the worse investment people can think about...

Value drop the moment out from showrooms 😄

btw recently our PM just said will increase self contribution to 100k per year!! I guess again benefit those T20 saja...
dont know how will this benefit M40 ppl... mmh

https://www.thevibes.com/articles/news/8998...-to-rm100000-pm

The same case with Lottery winners >1/3 will ended worse when given lump sum of cash to financial illiterate person

But in order to pay the $$$

EPF need to sell some of their assets??

If mass withdrawals happens.....

Indirectly would effects dividends too??

SVB sudah demo

Let's have a thorough dialogue...need Sifus young n wise to participate.

"This sum of RM50,000 can only provide a retirement income of around RM208 per month for a period of 20 years,"
is this a mistake. inflation 0% ?

With only RM 50k, doesn't matter. Inflation or no inflation, mati Kangkang jugak. Makes no difference.

ask ASB & EPF cross check the IC no of the contributor and unit holders......

Interesting data sure shown up hehe....

Where to find stats on ASB n pension?
Might get a shock all politicians n their family max their ASB.

Good morning, Bro.

Yes, even at my advanced age.

It's everyone aspiration to improve from multi-millionaire to be multi-millionares. (Same as improving my Inggeris)

It's everyone aspiration to improve from multi-millionaire to have multi-millionare heirs.

I've found something interesting......



Borrow RM 50k put in EPF assume interest 4.5%(same rate as you loan), end of 10 years = RM 78,349.64

Based on MBSB repayment table for 10 years, 1st 12 months repayment RM 187.50 13th onwards RM 564.00 = RM 63,162.00

Different RM 15k over the span of 10 years, same interest rates.....

is my calculation correct ah????? or somewhere wrong???

If correct means the timing differences of 1 shoot RM 50k deposit to EPF actually is worth while, even if the interest rate is same...

trying to play around with the financial calculator.
in 18 years time i will reach 60 and my EPF saving estimated to have RM3million. if no other extra source of income (no shares, no rental income), it is sufficient to live comfortably?....

Everyone has different lifestyle and spending. Start tracking your daily expenses, into monthly, then yearly. Then for few years.
Assuming 3M @ 5%p.a. = 150k = RM12.5k/mth
Factor in some inflation maybe worth half only like 6k/mth, enough for your spending ? As we get old, we can't eat rich food or drink too much already.

Some 2k/mth also more than enough for their lifestyle. Some 50k/mth also say not enough. In Malay, "ukur baju di badan sendiri"

my dad get 60% of last drawn salary as pension. got increment and bonus also. that's the best part.