it's very bad. Just missed few payment can effect whole loan tenure

as mention by one of the forumer here, now only RHB are processing ASB loans. Maybank & CIMB already stopped

AFAIK, Maybank is still promoting ASB loan aggressively

My loan just aprroved last week maybank. Still can buy till november.

Really, Got forumer told this yesterday. Look at his post

Oic, I don't know can apply until November.

its way too long man. How to predict in those 25 year, nothing will happen...

Where do u save after ur asb > 200k?

BNM already give instruction to all banks, personal loan max tenure is 10 years. Some banks trying to delay of this new rules implementation.
Those who wanna apply, quick quick doing it b4 the shut down the water pipe.

AS1M still has almost unlimited bumiputra allocations

and gives return comparable to ASW2020 and ASM.

If Banks really freeze ASB financing, do u think the growth of ASB will slow down yoy?

This information told by the RHB Bank Manager you meet recently?

Bank Negara: 10-year personal loan cap stays

KUALA LUMPUR: Bank Negara will not review its directive on the maximum personal loan repayment period of 10 years, as doing so would burden the loan applicant unnecessarily. Governor Tan Sri Zeti Akhtar was speaking in response to Congress of Unions of Employees in the Public and Civil Services (Cuepacs) and the National Cooperative Organisation of Malaysia’s appeal to the Government to consider reviewing Bank Negara’s ten-year repayment period to 15 years.

"No, there will be no revision."In the world, 10 years for a personal loan is the highest. It is usually about six years in other countries,” Zeti said after the closing ceremony of the 5th Annual Global Policy Forum by the Alliance for Financial Inclusion.

“When a person borrows to either pay for a television or a wedding, that is squandered within a few days,” she said, “(If the repayment period is longer) he or she will then have the misery of owning that loan for 15, 20 or 25 years for what they spent in a few days.”
Zeti pointed out that personal loans are different from housing loans, where applicants eventually own an asset after repaying the loan.

Source: http://www.thestar.com.my/News/Nation/2013...-cap-stays.aspx

I mean the statement "Some banks trying to delay of this new rules implementation", this told by the RHB Bank Manager ?

No, from my survey with various banks.

oic, so the bank are not fully enforcing the new rule as told by BNM

the matter of time, that is why I advice the former here, quick quick apply if have not done so

okay, I understand now

Bro, did BNM specify the 10 yrs cap will take effect from when?

No. But BNM is just monitoring.
Commercial banks are subject to be audited by the BNM.

$_$ .. i took coz pay rm15k 1yr get rm200k, also as insurance incase anything happen to me.