when you think about it , this is just the perfect push for people to invest, since first come first serve. if u late, u dont get anything. it is also perfect for the GOV to get fast fund, since people will rush to it.

This post has been edited by backspace66: Sep 27 2013, 07:15 PM

don't like that la bro.. baru 20k maaa.. people one shot put 20k u know..

u got it wrong

BNM recommends the termination of ASB financing as it is "damaging" to the ASB system itself

come to think of it, ASB dividend pays 8%

u have ASB financing at 6.6%

you only earn 1.4%

the bulk of the dividend (6.6%), which was meant to empower bumiputra, is instead channelled to banks / financial institution

this itself negates the purpose of ASB's existence

This post has been edited by lucifah: Sep 27 2013, 07:42 PM

Maybe true. When got limited time, naturally people would "rush" to get it

But according to Moderator - Lucifah, BNM recommends the termination of ASB financing as it is "damaging" to the ASB system itself

I know got people who can afford that amount. I just "kacau2" you only, No serious yo

wah... ASB2 no limit.. then what if 1 kroni put in 10billion.. others no nid buy edi loh?

Met a RHB Branch Manager 2 days ago, according to him CIMB and Maybank have stopped processing ASB loan.
RhB bank still doing it but going to stop it soon, because AB loan is under personal loan category and BNM want to cut down personal loan, the objective is to cut down the household debt.

why u say that?
AS1M launched since Najib in power, till now still have RM2 bil unsold Bumi Unit.

Thanks for sharing the information

So the rumors are true after all, It's all linked to BNM & the household debt

If really the 1 kroni put 10Billion at one go, this would become "major" issue in the country. You think the rakyat would keep quite. Everyone in Malaysia would make big issue out this

what do u mean by not open eded?

yes you are correct.. just the different risk is put on the loaners' shoulder..

but still the ASB loan is a (can be say safe, not losing capital) win-win situation.. say dividend 8% divide to 2 parties; 4.95% back to Maybank and loaner earn 3.05%.. (but not when BLR shift to 9.65%)..

ic.. now thats good to know.. looking forward to see the 1st dividend declared..

Actually, regarding that ASB loan, how long is the repayment period?

can be stretched up to 30 years if eligible

http://www.maybank2u.com.my/WebBank/ASBConvRpymnt_110511.pdf

u mean 25 right?

CIMB can give you up to 30 yrs

http://www.cimbbank.com.my/index.php?ch=cb...4&tpt=cimb_bank

RHB and Maybank will also give up to 30 yrs, but you have to rquest

it's crazy. paying personal loan for 30 yrs.

forced saving/retirement plan for 30yrs. if i know earlier i may take it.

forced saving is a nice way to name it

but it comes with lots of caveats - you miss a few months payments, the interest / penalty will be accumulated for the rest of the loan tenure

sometimes, delinquent end users will have their BLR-1.65% reverted to 0%, and in some extreme cases, BLR + 1.0%

and the ASB loan will somehow affect / reduce your loan amount eligibility for you to finance properties


just be careful with the ASB loans. it's a good thing when everything is good. but when you suddenly need money and can't pay for the loan once or twice, the effects will ripple for the whole 25 years.

It's a fund without limit. If demand is high enough, the fund will continue to issue new units no matter how many investors there are