thank god i come here... now i realize i no need to take everything out from my EPF but use the dividend to pay for monthly installment, i think by the time of my retirement, my dividend if taken out should be able to cover about 80% or even 90% of my monthly installment and will only have a gap of 10% to 20%... if i continue to pay more monthly installment now and also with salary increment till i hit 60 then i should be able to even cover it 100% with dividend as my EPF will continue to grow

you guys are smart how come i never think about that..
this is the best advice ever.. dont need take EPF then dump everything in.. just use EPF dividend to cover it as my repayment is not super high

I think my goal now is:
1. work towards bringing down the housing loan amount by paying additional RM100 to RM200
2. ensure that when i can no longer work 55 / 60 then then my EPF dividend yearly should pay for my monthly installment assuming my monthly installment is 1.5k my EPF dividend should have at least 18k per year

with this 2 goals, i should be able to live comfortable till 75 or even 80....
if i am luckly my EPF dividend should be able to cover my mothly expenses...

good good!! now i see some light

Ask for Admin help...
To recover your old account....

They can reset everything & give access....

Haven't been following this thread. Anyone know:

If the epf loan is not paid, they just give their epf savings to the bank right? So can properly take loan and keep it and let the bank take the epf money... end up still a withdrawal right?

in Malaysia, there is a timeline/period where one can be discharged from being a bankrupt. i hardly did any research about personal bankruptcy, but I don't think the period is as long as 10 years.

I wonder how this is going to pan out.... maybe next year we will read news about persons who borrowed 50K and then declared bankrupt. but his funds in EPF is still safe????

Forced buy insurance? Wah lau. What if you already have insurance? Have to buy also?

takaful for what? means takaful cover if u default? hahaha

Sudah masuk account? still got extra time get new iPhone b4 raya

Accept je. 10% buy iPhone, 90% buy Apple share. Win Win.

Loan settlement in case of death or TPD.

MBSB dont want to fight with EPF waris.

But it seem like BSN doesnt have this requirement.

But BSN doesnt have that 1st year pay interest only feature.

Wonder what happens if u apply from 2 banks 🤔

Didn't actually compared with both banks...

MBSB higher??
People says their one much better...
Especially for first year payment thingy....

i would just take loan from Rize...

2.75% here is the flat rate (same type like car Hire Purchase).

that's why the Effective rate is 5.04% (this rate is closer to FD or EPF dividend yield rate, and should be the one used to do comparison).

In this case, hardly any arbi between taking 50K out from epf vs borrowing 50K this method.

learn got stock n futures markets at 16... lost so much money man... so much... ;(

hence you learning only at 50, flushed with cash, market maybe near bottom, can be a good thing...

What is this. Where can I buy?