Staff need to inform the systems which line to print n printer will take care d rest

Noted and thanks all.

Better stop here, off topic.

Cheerio.

P/S Kosong for me again today at PM.

what's going on with ASB2? How the demand? ASNB silence only

I believe the demand might be quite slow unless for those investors who have maxed their ASB account..

I think many investors are have a wait and see strategy..

U will know d progress when ASNB issue its Master Prospectus on 30/6/2014

i also wondering either to increase my asb loan until 200k or buy my 2nd property around rm250k

guys, I got calling from fren, she said bank is pack of people due the PNB thing, I ask thrice she still can't clearly mentioned the event going on, but the maybank staff is helping them to fill up the form for opening a new passbook, which again I can't really know what name after she mention it. Any people near any agent branch encounter this? I highly suspect is ASN 3 but she said no charge...

forget to mention, this fren of mine don't know any regarding PNB thing...

This no happen to pos offfice

-deleted-

This post has been edited by davinz18: May 29 2014, 04:25 PM

There are many factors that go into this decision. Depending on your risk appetite, you can go for either. How willing are you to maintain you property and collecting the rentals?

Hi there. Im quite new in making loan for asb. I heard it is a good investment to make a loan for asb. Currently which bank offer the best rate for asb loan. How much loan should i be taking and how long should the tenure be? Safe to say i could commit max rm500 per month for the loan.

Any input to shed light on the matter is much appreciated.

This post has been edited by febreze2xxx: May 31 2014, 12:20 PM

The rates are similar between the banks, you can expect around BLR - 1.65, that is 4.95%.

For a commitment of RM500 a month, you can get around 85,000 worth of the capital. Installment would be RM494.43 a month for the next 25 years.

Let me know if you are going to proceed for this, Ill guide you all the way.

This post has been edited by wild_card_my: May 31 2014, 02:34 PM

Thank You, very much for the feedback.

Currently I do make salary deduction to asb RM 500 per month. But my collegue say you waste your time doing this way. It is much better if you are taking the asb loan. I'm not sure how to verify the truth in his word.

Can the asb loan do earlier settlement? Currently my method any increment or bonus from paycheck goes directly to saving. Never tastes never miss method.

So is there any truth to what he is saying. I'm not the kind of guy that love to make loan so i'm still looking around for small risk, small capital investment.

This post has been edited by febreze2xxx: May 31 2014, 09:17 PM

Sigh. When someone gives you a "financial advice" do ask for a calculation for your own best interest. Too many people love giving financial advice without any backing.


Regardless, before I even foray into any parts of the explanation I would like to ask you one question:

Are you planning to buy any property (With a mortgage) in the next 2 years? If the answer is yes, as a mortgage broker I would highly dissuade you from getting the ASB loan. Why? Because the loan commitment will show up in your CCRIS record, and in the next 2 years you would not have any 2-year dividend to show off to the banks, meaning you will not be able to use the dividends to counter your ASB commitments.

In short, your ASB loan will get in the way of your property purchase.

On the other hand, if you are planning to cancel the ASB loan anytime within the next 5 years (as you asked about it), you will end up making about the same if you had invested using cash due to the needs to pay off the term assurance and cancellation fees.

This post has been edited by wild_card_my: May 31 2014, 11:53 PM

So it is much better to take small loan rather than a big one to free some credit ratings?Kinda make sense.
Yeah, I do see in the future I might wan to buy property for my own staying. So asb loan better stretch the tenure rather a short one?

Max ur asb 1st then consider prop

The banks will not care if your tenure is long or short, they have a set calculation for each of your commitments once they see your loan entries in the CCRIS, so to answer your question, it's better to stretch it out long so you will be better cash-flow wise.

So if you are going to buy a property in the next two years? Don't bother with the ASB loan as it will get in the way. If you have already "allocated" RM500 a month for the ASB installments, instead of taking a loan to pay off those ASB installments, for the time being, deposit RM500 a month as cash into your ASB account, this way when you want to buy the property, you are free of the ASB loan commitments.

was at CIMB 9.45Am , got RM1500 ASW2020

Congratulations! Your balances must be reaching Mt Everest height by now! Ha.

For me, the govt is "preventing" me from buying. Why? 2 days public holiday (Gawai) here in Sarawak. Ha.

Cheerio.

This post has been edited by plumberly: Jun 3 2014, 10:39 AM