AS1M, ASB, ASW,ASM,ASG,ASD
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 Jan 11 2008, 09:19 AM
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#1
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Junior Member
148 posts Joined: Jan 2008 
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for the ASB loan, better not take it...
let me give example.. Loan 10K for 3 years monthly about RM307. After calculate, if i put RM 307 monthly at ASB without taking loan, in the end, i get more compare what loaner bank give... |
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Jan 11 2008, 10:37 AM
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#2
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Junior Member
148 posts Joined: Jan 2008
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QUOTE(dreamer101 @ Jan 11 2008, 09:48 AM) ejan_, Yes, i'm understand with you...To make a FAIR and CORRECT comparison , if you take a 10K loan, you do not have to pay RM307 every month. After the first year, you could have take the 7% dividend = RM700 to pay the loan. So, in the second year, you only put in (RM307 X 12) - Rm700 = ?? .. Ditto for year 3. Know how to calculate properly. So, taking a 10K loan versus paying RM307 every month is NOT the same. The bottom line is VERY SIMPLE. Is the ASB dividend rate higher than your ASB loan rate?? If yes, it is FREE MONEY. You could use the dividend to pay the interest and after a few years, you get the ASB with little money down. Dreamer  Btw, how about this? with loan, dividend is shared with bank. Without loan, dividend is totally ours. Even the amount is smaller.. After calculate, you will get more with same monthly amount.. Let say this.. average ASB dividend 7%. BLR about 6%. You will only get 1% every year if no changes. What if dividend low and BLR high? This is not fair... Bank win. Not win-win situation. We still need to pay. Not free money... |
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