50/50 if you want to try. i'll do that too later next month. now quite busy and my hands tied down with some works

One may think I am a die-hard ASM chaser, went to the 4th place this afternoon (MB) as not to waste the day.

Outcome, another 0.00  Ha ha.

I terminated my kids' FD before the due date hoping to transfer their money to ASM (their mum has the vision to open their ASM accounts when it was not fully subscribed in the early days. So a wise move).

Now, their money is just floating there with no home! Bad move by their dad in terminating their FD!

Hope to find a home for their money soon, hopefully ASM. Ha.

Cheerio.

ASB2 financing available?

Only the bank has access to their borrower's profiles, as how many Gen Y borrowers they have.

I was told in order to apply ASB loan, just need 3 months payslip, IC and a copy of ASB passbook.
99% approved if one is negative on the CTOS/ Bankruptcy search. For the weak applications, bank impose 6 months installment in advance as the dividend gain from ASB easily can cover the ASB loan installment. Some housewives without monthly income also can get their ASB loan approved.

If you read the ASB2 brief product showcase, the investment can be in the form of Passbook (cash investment), or in the form of Certificate ( leveraged investment using loan), banks need the fund in the form of certificate as the pledged security. For now, PNB only open for cash investment, if the fund not sold by a certain date, more likely they will open for loan.

u can do so...
but why not passbook if not for loan?

Wa, so good one and so unfair, with ASB certs can use them as collateral for other loans?

me  ... just can registered rm10 only...
cannot topup ... they mention system is slow at maybank

depends on how much your ASB-RTA will cost you

ASB RTA is an insurance product, and thus, the premium charged depends on many factors, especially your health, risk and others

the RTA will be absorbed into your ASB loan

Max ur asb 1st then consider prop

after u maxed out your ASB, which one do you do?

1. start dumping money into AS1M / ASW ASM etc

2. take out the 200k principal in ASB and dump into AS1M / ASW / ASM and create asb financing for 200k against ASB?