All the loans you never mention monthly payment.
With that extra rm1-1.2k savings, I'll settle PTPTN loan first, follow by ASB loan, last your housing loan.
When you are 0 loan, then you will have more savings and you will know better where your money is going.

If all these are effective rates, then u dun need to settle anything unless u have certain reasons to do so.

E.g. Applying for 3rd house loan and wanna get 90% loan.

If not, rejoice for ur ultra low interest rates. ASB will be the best investment without any likely risk.

Below are my current situation :
Housing Loan - RM 133k (Interest 2.85%) --> Staff Loan (RM918 @ 15 years)
PTPTN - RM 9k (Interest 4%) RM100
ASB Loan - RM 104k (Interest 4.85%) --> Staff Rate. (RM550 @ 30 years)

As for ASB loan, I believe the loan will be self sustain after a year if I decided wanna use the RM550 for different purposes.
Housing Loan, I can withdraw for Acct 2 EPF to pay a lump sum payment to lessen the period. (is it a good idea?)
As for PTPTN, I'm paying lesser than my astro. Do you think I need to pay off RM9k lum sump or keep it in ASB and take the dividen to pay it off slowly.

Mine opinion...other ppl can hv different from mine 

Do you need to hv ASTRO?
2ndly - what your INCOME - becoz every month your debts repayment is RM1568 montly.
I doubt you can buy hse at KL except your salary monhtly is above rm5.4K monthly.
A) I presume rm500k condo for 35year; monthly repayment minimum rm2.2k.
If you take Total Debt = RM2.2K +rm1.5K = rm3.7k
Which Bank will use 1/3 as debt ratio servicing;

in summary you need to hv SALRY rm8.1k in order to buy rm500k
Formula
Z= you salary
( z - rm1.5k ) x 1/3 = rm2.2k
B)Maybe we scrap rm500k condo= we take rm300k condo
Loan monthly repayment minimum will be rm 1.3k
If you take Total Debt = RM1.3k +rm1.5K = rm2.8k

Which Bank will use 1/3 as debt ratio servicing;

in summary you need to hv SALRY rm5.4k in order to buy rm300k
Formula
Z= you salary
( z - rm1.5k ) x 1/3 = rm1.3k

hey guys,

i'm not sure whether this is the right place to ask..or to tempat merayu..

i need some advice regarding my debt issue and how to manage it ,all this debt i've accumulated because i was having family problems, since a few years ago. 3 months ago my mother passed away.

as far as i remember, i do not have any late payment, and as for cc, normally i will pay more than minimum everymonth.
easyrhb pl = monthly 1028, normally i will pay 1.1 or 1.2k tenure left 51 month with 35k to clear
maybank cc  = 4.5k limit 5k
citibank cc= 4k limit 12
aeon cc = 4k limit 6k
standard chart cc = 197 p.m balance transfer of 6k, still 32 from 36 months
ptptn = 40k left, last year paid 10k,,which i regret why i didn't save the money. now pay only when i have excess money

now my monthly other payment
car persona = 539 - SI still have 70 months to go
motor = 225 - SI - still have 2 years to go.
rental = 250
unifi  = 169 another one year contract left(claimed from office rm50 another 40 from housemate)
allianz insurance = 179  -
gym = 179 contract one year left

misc like top up, etc.. around rm 200
bike fuel, minimum rm25 for 300km..nowadyas i refill once a week, so like rm100 or so
the rest is for my living expenses.
car is only used for balik kampung.. like 4 full tank(rm75) everytime i balik kampung. i had to because i still have my grandmother in hometown.. and i will go on balik kampung every 2 months starting this month.

so, after i paid all of thees, will have around 600 left for my monthly expenses, not including fuel. if i had to go hometown i had to use cc..

oh ya, i forgot to tell, i'm 27 and single working in private sdn bhd SAP Consulting company. now i only have rm1k left as my savings and i use gym and fasting as to reduce my weight since i'm fat. .
i really need some advice as i dunt really know what to do..and i don't want to go akpk too..

I'm fat too and I wake up early to go jogging at the park: RM0

I also have my weekly badminton session on Friday nights at Puay Chai SS2: <RM20/month including shuttles

If you want you can join me at Taman Aman (next to Taman Paramount LRT station) every morning at 7:30am
Or
Come join my badminton group at Puay Chai SS2 on Friday nights 9-11pm.
=)

That should save you RM179 gym membership fees.

hey guys,

i'm not sure whether this is the right place to ask..or to tempat merayu..

i need some advice regarding my debt issue and how to manage it ,all this debt i've accumulated because i was having family problems, since a few years ago. 3 months ago my mother passed away.

i started working in this company for almost 4 years as fresh graduates. With starting salary of rm2k, what i can say, thank god, i got increment every 6 month. fast forward middle of last year my salary was revised to 4k from 3.3k,2.9k,2.7k,2.5k and 2k. last jan my salary was 4.3k and now during mid year appraisal on July, i had my increment to 5k basic, and my director promised me to increase more on this january appraisal, provided i'm working hard and subject to all other management approval.

it was just a few months ago that i used up all my saving,pl money,and cc maxed out. that time i dunno what to do, and all i wanted was going back hometown to be with my mother and support my family.. i was about to default all my payments,resign from my company and just balik kampung. i told my boss my situation, he asked me not to resign. he asked me to take unpaid leave, and do whatever i have to do.

fast forward, here i am still working in the company, and thinking how to pay all this debt... and sometimes i fell kinda regret, why i didn't change job much earlier, when all my colleagues who left getting minimum 7k only for 2 years experience. and I've been here for almost 4 years but i'm happy with what i'm doing in this company.

so, the breakdown for now and coming forward, since my father told me not send give him money as nowadays he can manage things with his pension( i still give him btw, just lower)

as far as i remember, i do not have any late payment, and as for cc, normally i will pay more than minimum everymonth.
easyrhb pl = monthly 1028, normally i will pay 1.1 or 1.2k tenure left 51 month with 35k to clear
maybank cc  = 4.5k limit 5k
citibank cc= 4k limit 12
aeon cc = 4k limit 6k
standard chart cc = 197 p.m balance transfer of 6k, still 32 from 36 months
ptptn = 40k left, last year paid 10k,,which i regret why i didn't save the money. now pay only when i have excess money

now my monthly other payment
car persona = 539 - SI still have 70 months to go
motor = 225 - SI - still have 2 years to go.
rental = 250
unifi  = 169 another one year contract left(claimed from office rm50 another 40 from housemate)
allianz insurance = 179  -
gym = 179 contract one year left

misc like top up, etc.. around rm 200
bike fuel, minimum rm25 for 300km..nowadyas i refill once a week, so like rm100 or so
the rest is for my living expenses.
car is only used for balik kampung.. like 4 full tank(rm75) everytime i balik kampung. i had to because i still have my grandmother in hometown.. and i will go on balik kampung every 2 months starting this month.

so, after i paid all of thees, will have around 600 left for my monthly expenses, not including fuel. if i had to go hometown i had to use cc..

and i just paid 500 for this coming raya qurban for my late mother.

oh ya, i forgot to tell, i'm 27 and single working in private sdn bhd SAP Consulting company. now i only have rm1k left as my savings and i use gym and fasting as to reduce my weight since i'm fat. .
i really need some advice as i dunt really know what to do..and i don't want to go akpk too..

Below are my current situation :
Housing Loan - RM 133k (Interest 2.85%) --> Staff Loan (RM918 @ 15 years)
PTPTN - RM 9k (Interest 4%) RM100
ASB Loan - RM 104k (Interest 4.85%) --> Staff Rate. (RM550 @ 30 years)

As for ASB loan, I believe the loan will be self sustain after a year if I decided wanna use the RM550 for different purposes.
Housing Loan, I can withdraw for Acct 2 EPF to pay a lump sum payment to lessen the period. (is it a good idea?)
As for PTPTN, I'm paying lesser than my astro. Do you think I need to pay off RM9k lum sump or keep it in ASB and take the dividen to pay it off slowly.

let summary
Debts:
CC= rm18.5k total , monthly repayment ???
PTPTN = rm40k total, montly repayment ????
Private Loan: rm35K, monthly repayment rm1028 monthly
Monthly Debt repayment : ????
Expenses
Car = rm539 monthly payment
Motor= rm225 monthly
Rental = rm250
Unifi = rm169
Insurance: rm179
Gym = rm179
Misc top up: rm200
Bike fuel : rm 100 monthly
Car fuel : rm 75 monthly

totaly monthly expenses rm1739

Income
Salary rm4k only gross. after deduct EPF & TAX i assume is nett is RM3.5k.After deduct the expense rm1.8K to pay your debt
Mine advice:
1)sell the CAR. use MOTOR or BUS balik kampung. Save you montly rm539.
2)Settle you private loan asap & CC.
Then cancel the CC. Becoz yearly need to pay tax(RM50) to GOV each card.
Since you cant consolidate the CC, best you cancel it.

3) Remove those unnecessary expenses like gym, unifi. save you rm348

Pls dont tell you cant do it..

I live without car, internet and smartphone.

Just another question, what is the total %(rm1568) from your net income?
As far as possible, don't use EPF's money but settle either ASB or housing first, after PTPTN. Astro I will cut also, Streamyx/Unifi will be better.
Again, is depending to your life style.

hey guys,

i'm not sure whether this is the right place to ask..or to tempat merayu..

Around 32%.
As for ASB loan, I treat the loan as my "forced savings account".
Furthermore I don't think I wanna cancelled it or settle it earlier. Where else can you find interest rate of 4.85% in return of 7.5% (not include bonus)?
For housing loan, the interest rate is just 2.85% due to staff loan.

Compare RM100k in ASB (return 7.5%) vs RM100k to settle the housing loan (interest rate 2.85%) . Which one you prefer?

Below are my current situation :
Housing Loan - RM 133k (Interest 2.85%) --> Staff Loan (RM918 @ 15 years)
PTPTN - RM 9k (Interest 4%) RM100
ASB Loan - RM 104k (Interest 4.85%) --> Staff Rate. (RM550 @ 30 years)

As for ASB loan, I believe the loan will be self sustain after a year if I decided wanna use the RM550 for different purposes.

Housing Loan, I can withdraw for Acct 2 EPF to pay a lump sum payment to lessen the period. (is it a good idea?)

As for PTPTN, I'm paying lesser than my astro. Do you think I need to pay off RM9k lum sump or keep it in ASB and take the dividen to pay it off slowly.

Congrats... you are all set for the rest of your life!

I would not touch anything further to reduce those cheap loans...

1. Don't touch EPF to reduce the housing loan.
2. Just continue paying 100/mth to the student loan.

ASB is paying you more than what you would lose in PTPTN. Like-wise,  EPF is paying you more than what you would lose in the house loan in interest. So, don't withdraw from the former to pay the latter. Pay them out of your monthly salary.

3. Save at least 100/mth into ASB.
By my calculations, you would incur about 1,700 in total interest paying the student loan, clearing it in 107 months.

If you put 100/mth into ASB at the same time, there will be about 4,000 in total interest, and total amount of 14.8k.

4. Continue with the ASB loan. Complete whatever financial objective you have initially started. Change the method only if you have a alternate method to reach the objective... you don't change objective without considering why you need to change the objective. (You don't move the goal posts nearer simply because you can't kick the ball hard enough.)

Lastly, the loans help to reduce your discretionary income... pay the installments first thing upon getting salary...

hey guys,

i'm not sure whether this is the right place to ask..or to tempat merayu..

i need some advice regarding my debt issue...

easyrhb pl = monthly 1028, normally i will pay 1.1 or 1.2k tenure left 51 month with 35k to clear
maybank cc  = 4.5k limit 5k
citibank cc= 4k limit 12
aeon cc = 4k limit 6k
standard chart cc = 197 p.m balance transfer of 6k, still 32 from 36 months
ptptn = 40k left, last year paid 10k,,which i regret why i didn't save the money. now pay only when i have excess money

now my monthly other payment
car persona = 539 - SI still have 70 months to go
motor = 225 - SI - still have 2 years to go.
rental = 250
unifi  = 169 another one year contract left(claimed from office rm50 another 40 from housemate)
allianz insurance = 179  -
gym = 179 contract one year left

misc like top up, etc.. around rm 200
bike fuel, minimum rm25 for 300km..nowadyas i refill once a week, so like rm100 or so
the rest is for my living expenses.
car is only used for balik kampung.. like 4 full tank(rm75) everytime i balik kampung. i had to because i still have my grandmother in hometown.. and i will go on balik kampung every 2 months starting this month.

so, after i paid all of thees, will have around 600 left for my monthly expenses, not including fuel. if i had to go hometown i had to use cc..

and i just paid 500 for this coming raya qurban for my late mother.

i really need some advice as i dunt really know what to do..and i don't want to go akpk too..

Sifu have spoken..m

That is the reason why I think I can gain more by savings in ASB rather than paying off the low interest loan. 

With your recent experiences, you are now a sifu too in your own right... and can share with newbies what you have learnt...

hey guys,

i'm not sure whether this is the right place to ask..or to tempat merayu..

i need some advice regarding my debt issue and how to manage it ,all this debt i've accumulated because i was having family problems, since a few years ago. 3 months ago my mother passed away.

i started working in this company for almost 4 years as fresh graduates. With starting salary of rm2k, what i can say, thank god, i got increment every 6 month. fast forward middle of last year my salary was revised to 4k from 3.3k,2.9k,2.7k,2.5k and 2k. last jan my salary was 4.3k and now during mid year appraisal on July, i had my increment to 5k basic, and my director promised me to increase more on this january appraisal, provided i'm working hard and subject to all other management approval.

it was just a few months ago that i used up all my saving,pl money,and cc maxed out. that time i dunno what to do, and all i wanted was going back hometown to be with my mother and support my family.. i was about to default all my payments,resign from my company and just balik kampung. i told my boss my situation, he asked me not to resign. he asked me to take unpaid leave, and do whatever i have to do.

fast forward, here i am still working in the company, and thinking how to pay all this debt... and sometimes i fell kinda regret, why i didn't change job much earlier, when all my colleagues who left getting minimum 7k only for 2 years experience. and I've been here for almost 4 years but i'm happy with what i'm doing in this company.

so, the breakdown for now and coming forward, since my father told me not send give him money as nowadays he can manage things with his pension( i still give him btw, just lower)

as far as i remember, i do not have any late payment, and as for cc, normally i will pay more than minimum everymonth.
easyrhb pl = monthly 1028, normally i will pay 1.1 or 1.2k tenure left 51 month with 35k to clear
maybank cc  = 4.5k limit 5k
citibank cc= 4k limit 12
aeon cc = 4k limit 6k
standard chart cc = 197 p.m balance transfer of 6k, still 32 from 36 months
ptptn = 40k left, last year paid 10k,,which i regret why i didn't save the money. now pay only when i have excess money

now my monthly other payment
car persona = 539 - SI still have 70 months to go
motor = 225 - SI - still have 2 years to go.
rental = 250
unifi  = 169 another one year contract left(claimed from office rm50 another 40 from housemate)
allianz insurance = 179  -
gym = 179 contract one year left

misc like top up, etc.. around rm 200
bike fuel, minimum rm25 for 300km..nowadyas i refill once a week, so like rm100 or so
the rest is for my living expenses.
car is only used for balik kampung.. like 4 full tank(rm75) everytime i balik kampung. i had to because i still have my grandmother in hometown.. and i will go on balik kampung every 2 months starting this month.

so, after i paid all of thees, will have around 600 left for my monthly expenses, not including fuel. if i had to go hometown i had to use cc..

and i just paid 500 for this coming raya qurban for my late mother.

oh ya, i forgot to tell, i'm 27 and single working in private sdn bhd SAP Consulting company. now i only have rm1k left as my savings and i use gym and fasting as to reduce my weight since i'm fat. .
i really need some advice as i dunt really know what to do..and i don't want to go akpk too..

bro.. do you know what is the interest rate for each credit card?
is it cheaper to convert all this CC into "transfer balance" program with 0% interest? with this, i think you can pay off it within a year.

as for ptptn, what is your "kos pentadbiran" per month? if you didn't pay your ptptn, it will increase your overall "baki keseluruhan pinjaman".
imagine if your kos pentadbiran is RM100, it will added up RM1.2k per year in your overall PTPTN loan.

as for other expenses, i'm no sifu to advice. settle your debt 1st, then tackle the unnecessary expenses.

p/s : i also have few "bad" debt in 2012 consist of personal loan 20k, car loan 10k, cc debt 25k but managed to solve this issue. if i can do it, you also can do it.