Mana tunjuk dekat aku bank Islam personal loan is 3.7% je? Aku tengok its 5.2% minimum.

Wrong.
Its up to him if he want to gain using that method. That way is still better than self saving(not taking any loan).
600/month and getting 100k in the end is like more than 1000% ROI already. He loss in term of opportunity only. Well, that okay as not everyone able to afford to serve the loan for compounding.

I think 3.7% he meant if you calc fix interest.. EIR would be ~6.5%

TS, kan abah dah cakap, bila berkawan tu pilih la kawan yang pandai
ini yang bodoh piang bagi advise mangkuk yang ko pilih

Show me your calculation for 1000% ROI, don't pull numbers out of your butt please.

600/month for 25 years I assume? Then simple calculation will be 600 x 12 x 25 = 180,000.

So you pay 180k to get a 100k at the end of the loan period, doesn't seem like 1000% ROI.

That's why in Malaysia a lot of Malays are bodoh, financial hancur kena tipu by banks and other people, macam mana melayu nak maju?

At the end of the day later take 3.7% fix interest never look at EIR then later finish loan only realize sudah pay >5% rate then start screaming plotek plotek plotek.

Meant to write 100%, but you get my point.
Actually if you're not so thick, you'll get it

You pay 600/month for 1 year and thats 5k. At the end of 25years(doing nothing) you get 100k. Isn't that like get rich scheme where you invest 5k and got 100k?
Count only the money out of your pocket, not how much you paid to bank. Now tell thats not more than 100% ROI?

You want to invest but too lazy to read and do more research?
In short, that personal loan idea is dumb. That 200k loan can be dumb too. It depends on your situation.

ASB loan..well..is a loan. It will affect your Debt Service Ratio(DSR) and might cause your life plan to haywire. Always tread every investment carefully and make sure what you're getting into.

The ultimate thread on ASB loan

This post has been edited by petirbuas: Sep 2 2016, 09:03 PM

Rule#34. Dont pay loan with another loan. You gain nothing at all. Might even rugi.

Ts ni pemalas. Dalam finance nye section pon panjang lebar diskas pasal asb loan.

House loan > asb loan
True story

wew..explain more

where he is..


explain more berow


ok abah..maafkan saya abah...


sori2...x tau...hehehe

to me u need to ask ur pandai friend what the risk for this 'investment'

if he can explain, good, if he cannot, u have to search for urself lah.

allow me to gip some opinion but maybe outdated a bit lah

1. avg interest rate is about blr+2 %. so its about 5.0+%
2. asb dividends avg 6+% pa. bonus 1% u will get if n only if ur acc >10yrs. otherwise no. not sure if prorate or how but better dont calculate first?
3. blr is overnight can change one.
4.if ur total monthly saving all dump in this loan repayment, think again. its good to diversify ur saving/investment. focus on more liquid and stable asset first only go for other riskier move.
5. get taht sheet in post #22 by xeda do ur calculation. something like monthylyx12 vs div paid. it MAY be negative or positive at first few years. powder of compounding might do wonders here. check around the calculator ringgitplus.com savemoney.com for lowest rate. iirc maybank islamic also competitve. click for specific asb loan.
6. if u have 15kish first laying around, (i.e. or one year payment) then risk also can be lower. just in case recession hits hard. jobless etc. defaulting this loan first year u sure rugi no need calculate.
7. as with most other investment guide/asb loan guide, plan ur exit before u enter.

sekian.

You need to learn how to properly calculate ROI and all the proper meaning of each terminology.

You are not doing "nothing" for 25 years. Throughout the whole 25 years the burden of 600/month is on you, not on the asb to give you dividend - hence your assumption of "goyang kaki" for 2nd year onwards is absurdly flawed. Counting only the money out of your pocket is exactly how the banks are manipulating misinformed Malays to use it as a get rich quick scheme.

Liability of the asb loan 600/month is on YOU to pay the bank, ASB can say fuck you and not give you a single cent of dividend in the future, then who's gonna have to pay the loan? and yet you only consider 1 year payment and then 25 year of profit for your ROI calculation, any decent accountant will laugh at your face - which is what I'm doing now, since I am an accountant, lel.

Let me guess, next you're gonna say "but ASB has been proven to give dividend constantly throughout history" - nope, their dividend has been constantly REDUCING in history, it's always in a downward trend and paying ASB loan with the dividend you get only serves as a get rich quick scheme that benefits the bank.

Any decent analyst will tell you paying the loan with dividend is such a stupid thing to do as you are not leveraging on the loan at all. Again, this is why most Malays (with my aunt included) are still stuck in this asb loan loop - oh, woo hoo, pay 600/month for 25 years I'll get 100k in my ASB, but oh shit, they forget 600/month saved for 25 years will give them 180k without counting the dividend.

Malays are just fukin lazy, that's why most Malays are hardly rich, just average or poor.

W.T.F

at least have the initiative to google ASB first for the sake of your money.

salam, asb ni syubhah, k bye

this is why i didn't take asb loan. and this 600/month will count as liability or not if we want take house/car loan?

because some said asb loan count as profit?

and yeah with inflation i don't think 100k in 25 years will be same value with 100k now

This post has been edited by lagenda: Sep 2 2016, 11:54 PM

Wsalam.

Fiat money aka ringgit kertas aka paper money is also syubhah. K bye

1st year serve asb loan using own money la. Dont take personal loan

Not worth it. Save more saving 1st then tapau the whole year installment with it.
You wouldn't gain much if you do personal loan. Do some thorough calculation 1st la before making any investment.
Don't simply rely 100% with financial advisor or bankers words. Not all of them are honest.