Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)
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 Jun 1 2015, 10:15 AM
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#1
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Senior Member
629 posts Joined: Mar 2010 
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Hi,
My friend told me that he would loan about 100k from asb and invest in some asb scheme to repay the loan and in 10 years time he would get the money for free. He has to suffer for 1 year to repay off monthly payment. What is the scheme called? Thanks in advance. |
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Jun 1 2015, 10:45 AM
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#2
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Senior Member
629 posts Joined: Mar 2010
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QUOTE(aurum_alchemist @ Jun 1 2015, 10:43 AM) I believe its ASB loan. Thanks for replying. Out of the schemes which is the one that i pick to pay off the loans?you will get the money for "free", only if you don't withdraw any money from it for 10years and keep paying off the loan monthly. and assuming the dividend(+bonus) to be >9% it's a "LOAN", so its has interest rate.  |
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