QUOTE(veera77 @ Nov 17 2018, 02:04 AM)
Dear all,
Appreciate your opinion for below:
Let say one student have PTPTN loan RM 28k.
Option 1 :
Take 20% full settlement discount, and pay RM22.4k (28k - 20%). End the story.
Option 2 :
Don’t take 20% offer, but Invest that RM22.4k in ASNB now, for next 15 yrs. But pay RM28k loan @ 1% p.a. interest, for next 15 yrs.
Appreciate your views.
Thanks & Regards,
1. 22.4k compound 15 years at 6%, equals to 53683.
2. 28k loan for 15 years, monthly installment 179 (from ptptn website), or 168 (from loan calculator), not sure which is accurate.
3. If using 179 to invest in asnb monthly for 15 years, you get 51607.
4. Variable - 6% dividend is not confirmed, future not sure still can easily top up asnb after going out for work.
My opinion, if the student is financial savvy - e.g. he/she can generate way more than 6% after Bursa crashed, go for option 2, else go for option 1.
This post has been edited by vanitas: Nov 17 2018, 08:01 AM