the first one should be invalid, My mom just open her ASB2 too....

for the second one,I think not necessary true also...

This post has been edited by foofoosasa: Apr 11 2014, 09:25 AM

these are 2 target market of ASB2, not criteria to open

both incorrect. managed to open ASB2 without hassle.

hi all!
im new into this and opened an ASB account lately
im thinking to take the loan to maximize the limit - 200k.
understand that RHB, MBB and CIMB offer loan for ASB.
which offer the best or all about the same?
fyi, IM 30yo

thanks!

This post has been edited by kingsing84: Apr 11 2014, 12:24 PM

all offer the same rate...i.e. BLR-1.65%

Was told by a Maybank officer just now, they will launch the loan for ASB2 next week.

if that info true, then we can expect a bit higher "take-up" rate for the scheme

thanks bro!
max asb first..asb2 later.hehe

Invest min rm10 in ASB2 & get 10 units free. 100% return immediately
offer ends Dec 2014

This post has been edited by davinz18: Apr 11 2014, 03:54 PM

hmm i don't understand about this loan thing, is it really worth it to take the bank loan to invest in ASB?

Bro

Its mean if I invested rm1000 , I will get 1000 unit free somemore??

Nope
If u open new a/c from now until 31/12/2014, u will get 10 units free

Yes
U pay 4.95% bank interest n u get appro 7.70% from ASB
Having said tat, if BLR increase, yo margin will reduce

mathematically speaking, yes

but its unwise to do so as it is a lon term commitment and u lose a portion of ur cssh flow

yup, agree >

Investment can grow higher compare to loan, as need to SERVE those loan.

Words from a wise man!

I have always thought and proved it mathematically that it is a ++ to get the loan for ASB. Was not aware of the loan implication. Correct me if I am wrong, if one gets a loan for X (for ASB or house), this will affect one's future loan as this "eats" up theloan quota, right?

Cheerio.

It will affect yo DSR ratio if u want to take loan in future

Loan for asb is always not the smarter choice.

Thanks bro.

Like to learn more.

More infor on DSR, what is the working ratio, what is cut off limit etc.

Same for all the banks or up to the banks to decide?

Thanks.

P/S Looking ahead, as it is tied to one's salary, how then do they work this out for retirees or early retirees? They can't get loan any more?

This post has been edited by plumberly: Apr 12 2014, 10:25 AM

Depends on individual bank criteria n individual credit profile

for some, it disciplines them into "forced" savings, which is a good thing

ASB financing also has auto deduction from salary, so u won't overspend / misuse the money you have set aside for ASB savings / servicing the loan