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 ASN, ASN2, ASN3, ASG, ASB, ASW2020, ASM, ASD, AS1M, AMANAH SAHAM NASIONAL BERHAD V4

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davinz18
post Sep 24 2013, 12:48 AM

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QUOTE(Joshua_0718 @ Sep 24 2013, 12:46 AM)
No wonder I am confused.  laugh.gif  rclxub.gif
*
Like this also got biggrin.gif
Joshua_0718
post Sep 24 2013, 12:49 AM

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QUOTE(davinz18 @ Sep 24 2013, 12:48 AM)
Like this also got  biggrin.gif
*
I just started ASN & ASB investment not long ago. That's why lack of info.
lucifah
post Sep 24 2013, 12:49 AM

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QUOTE(Joshua_0718 @ Sep 24 2013, 12:46 AM)
Yes, Islamic loan from Maybank Islamic.
It is stated in the agreement. I think it is the ceiling amount I would need to pay if the BLR increase more than 10%.
*
islamic loan is a bit different...

both you and the bank agree on a certain amount of "profit" the bank will receive

in your case, from my limited information, will be RM 380k, on top of your rm 200k basic loan

this amount is not based on the BLR.


or u can always check with the bank again before signing those papers.
Joshua_0718
post Sep 24 2013, 12:51 AM

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QUOTE(lucifah @ Sep 24 2013, 12:49 AM)
islamic loan is a bit different...

both you and the bank agree on a certain amount of "profit" the bank will receive

in your case, from my limited information, will be RM 380k, on top of your rm 200k basic loan

this amount is not based on the BLR.
or u can always check with the bank again before signing those papers.
*
Noted. Will clarify with the banker. Got this from their website.

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/LOA-Loans

QUOTE
Selling Price Rate/Ceiling Rate fixed at

    BFR + 4.0% or 10%, whichever is higher
    * Competitive effective profit rates as per ASB Loan Conventional interest rates, provided it should not exceed the fixed selling price rate
davinz18
post Sep 24 2013, 12:52 AM

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QUOTE(Joshua_0718 @ Sep 24 2013, 12:49 AM)
I just started ASN & ASB investment not long ago. That's why lack of info.
*
No problem, just visit their website for more information. It's quite helpful

http://www.asnb.com.my/index.htm
lucifah
post Sep 24 2013, 12:54 AM

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QUOTE(Joshua_0718 @ Sep 24 2013, 12:51 AM)
Noted. Will clarify with the banker. Got this from their website.

QUOTE
Selling Price Rate/Ceiling Rate fixed at BFR + 4.0% or 10%, whichever is higher
    * Competitive effective profit rates as per ASB Loan Conventional interest rates, provided it should not exceed the fixed selling price rate



*
yup

that's islamic loan

1. it will be whichever is higher, in this case, it's 10.6 (BFR + 4% = 6.6% + 4.0% = 10.6%)
2. it is not interest, but agreed "profit rate" as i mentioned earlier

ask your banker for full clarifications. they should explain it properly before you sign the documents or you could screw them over for bad ethics.



This post has been edited by lucifah: Sep 24 2013, 12:56 AM
Joshua_0718
post Sep 24 2013, 12:56 AM

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QUOTE(lucifah @ Sep 24 2013, 12:54 AM)
yup

that's islamic loan

1. it will be whichever is higher, in this case, it's 10.6 (BFR + 4% = 6.6% + 4.0% = 10.6%)
2. it is not interest, but agreed "profit rate" as i mentioned earlier

ask your banker for full clarifications. they should explain it properly before you sign the documents or you could screw them over for bad ethics.
*
Roughly I understand how it worked. If the BFR increase, thus the selling price will increase.

BFR and Interest is not the same?

This post has been edited by Joshua_0718: Sep 24 2013, 01:10 AM
Mickey C
post Sep 24 2013, 09:01 AM

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QUOTE(guy3288 @ Sep 24 2013, 12:01 AM)
got chicken feed, RM700
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good for you, rclxms.gif
bad for me, sad.gif
lucifah
post Sep 24 2013, 09:09 AM

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QUOTE(Joshua_0718 @ Sep 24 2013, 12:56 AM)
Roughly I understand how it worked. If the BFR increase, thus the selling price will increase.

BFR and Interest is not the same?
*
BFR is used in islamic financing.

it's basically the same rate with BLR, just different principle, which is quite complicated to understand smile.gif
wil-i-am
post Sep 24 2013, 09:48 AM

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QUOTE(Mickey C @ Sep 24 2013, 09:01 AM)
good for you,  rclxms.gif
bad for me,  sad.gif
*
Never mind
Try next time
davinz18
post Sep 24 2013, 12:23 PM

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QUOTE(Mickey C @ Sep 24 2013, 09:01 AM)
good for you,  rclxms.gif
bad for me,  sad.gif
*
you didn't get any units? shakehead.gif

nvm. 1st Oct can try again nod.gif
silkysilk
post Sep 24 2013, 01:37 PM

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Is it true that next yr no more asb loan?
wil-i-am
post Sep 24 2013, 02:18 PM

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QUOTE(silkysilk @ Sep 24 2013, 01:37 PM)
Is it true that next yr no more asb loan?
*
Nope
davinz18
post Sep 24 2013, 03:12 PM

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QUOTE(silkysilk @ Sep 24 2013, 01:37 PM)
Is it true that next yr no more asb loan?
*
Why you're asking, you heard anything? hmm.gif
lucifah
post Sep 24 2013, 03:55 PM

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QUOTE(davinz18 @ Sep 24 2013, 03:12 PM)
Why you're asking, you heard anything?  hmm.gif
*
banks using that tactic to scare people and get more people to do ASB loan

yesterday i oso kena. but i tell them, you increase my ASB limit to 500k first, then i get it
wil-i-am
post Sep 24 2013, 03:58 PM

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QUOTE(lucifah @ Sep 24 2013, 03:55 PM)
banks using that tactic to scare people and get more people to do ASB loan

yesterday i oso kena. but i tell them, you increase my ASB limit to 500k first, then i get it
*
Their action is unethical
davinz18
post Sep 24 2013, 04:09 PM

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QUOTE(lucifah @ Sep 24 2013, 03:55 PM)
banks using that tactic to scare people and get more people to do ASB loan

yesterday i oso kena. but i tell them, you increase my ASB limit to 500k first, then i get it
*
It's bad business practices doh.gif

Sales person try their best to meet the banks target even it goes against any law (sleeping with client etc.) True story nod.gif
saiya
post Sep 24 2013, 04:33 PM

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i saw this.. http://www.beritaterkini.my/pinjaman-asb-maybank-rhb-cimb but still dunno is it true or not..
davinz18
post Sep 24 2013, 04:36 PM

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QUOTE(saiya @ Sep 24 2013, 04:33 PM)
i saw this.. http://www.beritaterkini.my/pinjaman-asb-maybank-rhb-cimb but still dunno is it true or not..
*
Wait for the upcoming Budget 2014 smile.gif
TS[Ancient]-XinG-
post Sep 24 2013, 04:39 PM

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QUOTE(davinz18 @ Sep 24 2013, 04:09 PM)
It's bad business practices  doh.gif

Sales person try their best to meet the banks target even it goes against any law (sleeping with client etc.) True story  nod.gif
*
Wow. Just wow.
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