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.

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.

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

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.

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.

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.

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.

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

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.