hello gais....


last a few days ago, ayam sit with ma fren... he told me about asb loan....he ask me to take 200k loan after that, make a personal loan for about 15k



after that, by using 15k, lamsam kat asb loan..this 15k is for 1 year payment for 200k loan...after a year, he said, u will get the dividen around 7%


so.... 200k x 0.07 = 14k myr. so i can use it for next year payment and so on..

i only need to pay this 15k loan...


is it ok gais? this is the right flow to follow? thanks

u got ccris bro?

tiba2 dividen kurang jadi 5%, willing to take risk?

worse than Genting. But don't take my word for it, 1 yr later u see.

Better draw epf to pay for the loan, on first year only

Asb loan ok
Personal loan not ok.

every year this dividen will be revise ke bro?

genting oso got ka? how about UT?

If u take asb loan, your yearly dividen would not be 7% already. Have deduction then you will only get around 4-5% dividen, then you have to serve your personal loan with interest summore then in the end no untung already.

nah wont. all malay will mogok rusuhan.
the government wont allow that to happen. some more election will be coming in years.
well at least the year up to election wont happen. after that who know.

yeah...i think so... thats y i need to wait a year to withdraw it.....

personal loan if ayam not mistaken 6% liau...damn high

keje gile

Tau pon.

There is a fruitful discussion on asb loan at financial section. There u can read all things about asb loan.

Why ur friend so damn bodoh ask u to take personal loan to pay asb loan?

Bodoh bangang kenapa? Asb loan interest is 5%, personal loan is higher than that.

So ko nak kena ambik personal loan maybe 8% interest untuk bayar asb loan interest 5%? Baik ko bayar je 5% asb loan tu pakai duit sendiri.

I took asb 100k and paid for the 1st year. The rest goyang kaki.

Ask Mr.docter how much he got after cancel his asb loan for how many years

Bank islam personal loan 3.7% only. What say you?

Rugi that way.
The best is accumulating your earned interest with your prinsiple.

Be sabar a bit by paying every month to years.

After 10 years you will appreciate the sabarness.

Ko jangan la ambik offer offer rate, semua tu belum tentu boleh lepas, subject to approval, etc, etc - average rate for personal loan memang above 5%, lagi satu asb loan boleh stretch sampai 25 tahun - ambik personal loan nak bayar suma around how many years?

The general concept of taking a loan to pay another loan is generally bodoh and bangang.

Goyang kaki pakai dividend untuk bayar ko punya loan? Baik takyah ambik asb loan - main point of asb loan is to get the maximum compounding interest starting from the 1st year, kalau ko pakai dividend bayar ko punya loan, sampai mati takde compounding, rugi banyak.

loan tapau with another loan.. lol sound so wrong.. not the right choice, once the dividend down, u hardly cant breath.. yea, u can see the past performance, but we are not from future

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.

Simple calculation only.
Check what is installment for certain tenure and times 12. Normally the figure is around RM1,200/m for 25 years so that's mean you need to standby around RM14,400 for it.
It's recommended to stretch the tenure around 25 years if you want to cover your next year installments with current year dividend.



You can easily sell your asb off after few years. The risk with ASB loan is pretty minimal though if you really know what you do.
Normally, people just sell it off after 5 years and they can gain almost double of profit by doing that alone compare to saving your own.
Of course, if you can keep paying the loan until you sell it off, the potential profit is much higher.
It always recommended to apply for ASB loan if one doesn't have any plan to buy any property yet for certain period.
At least the estimated profit that they can get can be use to pay for house loan deposit after few years.

Ash loan will appear in ur ccris, if more than 2 years will be counted as income(ur dividend)

This is best answer so far xeda knows nuts about asb

only do ASB loans AFTER you have max out your debts limit. ASB loan is considered safe so they don't care much about your commitment. but if you do it before you max out your commitment, the debt is part of commitment and you can't loan anymore.

Didn't cancel yet.

I am changing my plan. Instead of playing short game, I am going for 400k minimum for as long as I can.

pmEd

ah, ASB topic again. Gonna grab popcorn.

p/s: i do have asb loan.

This post has been edited by ciahcra: Sep 3 2016, 07:17 AM

QFT

Please xeda, compare self saving and ASB loan(with compounding effect). I'd like to see how can you conclude that self saving can give better ROI.
I'll belanja you if you can prove it quantitatively.

I know where you're coming from. Dividend does varies, but please compare that year dividend with BR/OPR.
That goyang kaki technique of course comes with a asterisk disclaimer. But its still easier to implement and relatively low risk as one can opt out anytime without lock in. One don't have to serve that full 25years you know. Think of it as kind of TPD/death insurance too.

This is where I'm going to say that you're a decent accountant(citation needed) but you fail to see the bigger picture. You fail to see how vulnerable general public are when it comes to investment. If you want to play your part and educate them further, feel free. In the meantime I'll say let them "fall" for ASB loan even though its not the best. As for me, its always better this than self saving or no investment at all.

I never said that self saving is better compared to asb loan with compunding dividend, you turd.

I said its fucking stupid to take asb loan and then use the dividend to pay the loan because you LOSE the compunding interest. Melayu bodoh tak reti English wanna pretend smart. I agree that asb loan with the dividend compounded is a good investment, but some bodoh Malays says otherwise.

My point is if you can fully comprehend simple English, is that if you want to take asb loan then don't fucking use the dividend so you get the compounding impact year on year from the dividend, if you're just gonna fucking spend the dividend on loan payment or whatever else, self saving is better as there is no risk at all, the risk is only worth it if you get the compunding effect from leveraging with the loan.

Selling off your asb loan is another matter altogether la, u wanna bring in the whole selling off, apply new loan, rinse and repeat to a TS who knows shit about ASB?

And you know a lot? sure bro, I know nuts about ASB, whatever floats your boat.

No no nope.

Better use own saving money to save in ASB manually but with strong discipline.
Rather than commit to debt on ASB loan monthly.

Which i am doing it right now. Saving rm200 monthly since 2008.
But of course some times i took some out for emergency purposes.

i am strongly opposing using taking up ASB loan for ASB investment. that will just add up to your other monthly commitments.

main points for ASB.

-get to 200k asap
-dont touch dividens, instead make an OD facility with the ASB cert as pledge

rest can be discussed in Financial forum

thanks for this, but some info are outdated already.

but still ppl who dunno how to properly use asb loan to amximise their savings are stupiak or spendthrift, or both...

OD backed by ASB cert is no longer offered iinm...

Thank u for your donation - asb loan bank panel

last i heard cimb is offering it again, but only at 67% this time. not as good as last time but still at least an option to not take out the dividen money.

.

This post has been edited by PropertyNewB: Sep 3 2016, 03:53 PM

Corporate rate bruh

Well not entirely. If u have a house, and refinance it to cover those bad debts like hire purchase la personal loan la cc la u might end up with more savings/month. If you do it correctly of course.

Will count as liability as it shows in CCRIS but then after 1 yr can count as additional income.

As for epf, yang mana boleh withdraw to pay off things I suggest just withdraw la. As you said 100k now in epf might not have the same value as in future.

one of the most bodoh accountant i've met lol.

where is the dividend for 25 years? which is 175k if says the dividend is 7%?

also not counting the dividend reinvested.

Corporate rate don't bring into discussion la, bodoh la lu.

If you use the asb dividend to pay for the asb loan, mana ada dividend left, bodoh? Bijan give you donation is it? Bodoh nak mampos la ko ni.

I'm saying those who use asb dividend to pay for their asb loan is bodoh because no dividend will be compounded, why u bodoh fail to realize that, bodoh? Next time read everything properly.

Why bodoh? I don't think you get the ASB loan concept.
You still earn more by using dividend to pay off the whole year installment than saving by yourself.
If the person can bare the installment every year, then do it. But if not, it should be ok too.
They still earn more wat.
By the time you wanna sell off your ASB, you can earn free dividend (people usually sell it in Jan every year) + the difference between principal and total net loan outstanding.

You bodoh la, I never said asb loan is bad, read the whole thing I'm saying and understand everything properly. My point is the people who are paying asb loan using dividend is bodoh compared to those who are using their own money because they do not get the compounding effect of the dividend.

Whether asb loan paid with dividend or own saving is better or not, that is up to each individual la, I say that own saving is better because with asb loan there is a risk and to me the risk is only worth it if you get compounding effect, otherwise it's not worth it.

Ada paham?

Corporate rate for personal loan don't bring into the discussion because it's not open to the public la, bodoh, like that I might as well say I take loan from my parents and go put in asb, win liao.

This post has been edited by xeda: Sep 3 2016, 09:31 PM

then pay 600 monthly for? not sure if u even know what the heck ure saying LOL

Lol you not smart either. Different people different commitment.
And i don't agree the word "bodoh" that you used to them because it absolutely not.
The risk is very minimal, and the potential to get ROI is much better than own saving. That's why it really rare to see the people punya CCRIS sangkut because their ASB repayment is bad.
Or you got inferiority complex to call everyone "bodoh"? You got bad habit there. Calling others bodoh certainly doesn't make you smarter.
The word just gonna reflect to yourself w/o you even realizing it.

he's an accountant but calculation all wrong

600 monthly paid from using the dividend la, bodoh, thats why there's no compounding effect. Aiyo. Susah nak cakap dengan melayu bodoh yang fail comprehension ni.

Dah dah, thread sudah melencong jauh from original TS question. Point is, taking personal loan to pay asb is bodoh.

You started showing ur stupidness when you said personal loan from bank Islam is 3.7%, then later only say its corporate rate, don't use special rate that is not available to everybody else when discussing a general topic like "taking personal loan to pay asb".

The risk of asb loan is up to individual la, some people see it as minimal, others do not. Enough of this topic, have fun continuing the discussion.

Is alright, fail accountant. BTW not I'm not Malay Just Dan

You quote the wrong person. I never say that.
I think your bodoh word just goes back to you instantly.

And i can understand why you want to stop to proceed with further argument. You cant just keep up with the heat causes by your own stupid fact. Are you really an accountant? Be humble and learn more in future because you seems like the type that love to make noise but zero in general.

so just like FD account punya OD la?

btw

Bodoh!! Semua bodoh!!

lol guys don fast to stop fighting . I'm enjoying the banter between inferiority complex 'accountant' and asb loan advocate

One caramel popcorn pls !

This post has been edited by shikimori: Sep 4 2016, 10:37 AM

Lol butthurt because my rate lower than his so called 'average personal loan IR higher than asb dividend rate' HAHAHAHA!

want to ask again....all of the bank got Lock-In Period ???? means within 3 years cant take the money or take the money and will get penalty which is 3%.... is it correct?

i mean return from UT vs Genting.
bcoz UT charge fees, see how well they works out.

still wondering which is good... asb loan vs ut vs public mutual. .since ma fren from machiam2 pahaman.. but trust /k more..

looks like you are sincere.
so I offer these words to you.

First ask yourself what do you want?
Then work out your financial plan.

Find out what is economic cycle
Find out what is the state of the economy now.

Notice the time frame / period
Choose the position you want to take

Once you are clear with the above,
then research on the tools that can get you there.

(you know how to read book, use internet and library)

last a few days ago....aym oredy go to bank...ask them about asb loan... ask them public mutual...ask them macam2.....so finally....clear about it....i will not take the asb loan although most of bumi taking this...much better i put my money at unit trust and tabung haji...

this is just what i am think about... if u have suggestion, do tell me bro..

already gave you. Up to you to research.

I still think ASB loan is better.

I once like u. Research here and there and later decided that loan asb is not for me.
Only this year i realize that i should have started it earlier.

Don't be like me.

if u start early ..i think ok... but the loan intrest is about 5.15% something for every year...so i think i wont take it...

If u hv the money now better set ur eyes for property .. next yr onward will be buyer market.
Search for shafie bustan at fb , he is lelong sifu.

Org tua2 cakap sebut 40x bodo mmg jd bodo nti bero.
So jaga akhlak bero.. moga berjaya dunia akhirat

For me lasb>ut>fd. Wait for ayam working, max asb and then start target ut, is it good? Anyone want to comment about this?

Before you start, force saving in asb for 1 year. After u accumulate 1 year, at least u prove that you can pay the loan faithfully. Then take loans, after 3 years, terminate.

And please, dont pay with the dividend. Let it accumulate.

How bout i used my cc for ezycash by maybank and use the money received to topup my asb account since asb got compounding interest and ezycash do not.

quick advice. dont take personal loan.
if you cannot afford the 1250 per month ..dont take 200k
you can get maybe 100k ...let it run 1 year and get the dividen to pay for 2nd year.
when your 1st 100k is covered , apply another 100k. and pay the 1st year only.
that mean you have to service around rm 700 for 24 months before you can let the dividen do the work for you.

and dont rush to get ASB2 loan...if your ASB1 is full.. they might offer you ASB 2 loan with lower interest.( since asb2 dividen is lesser )

dont miss the free money. in short you invest 15k to get 200k in 25 year, and only tranfer asb to your bank account once per year.
then you can repeat for ASB2.

dont care ppl say you pay the bank bla bla bla..bank earn your dividen n shit...
think of najib give you BRIM 15k everyyear to pay asb loan.

Ezycash got cash advance fee one time fee of 3.88%

And if u miss one payment the interest will be 18%