Uncle, why don't you try ASB, see it will remain there or not, even amount is zero.

Those zero unit fund will get annual report / dividend statement or not?

Aiya, thought subscribe all funds with zero unit, then collect annual reports like a
Email is free ma.. haha

I see, ptptn got some hidden fee in addition to 1% interest. The loss of 5600 is 15 years years earlier, but return @ 6% or 4% is 15 years later, cannot compare like that.

Anyway, for clearer comparison, assume your niece is borrowing only 22.4k at the first place. No discount, like buying house.

Option 1 is paid full.

Option 2, from 22.4k to (28k + 4446) over 15 years, is equal to loan rate at 5.15% (monthly repayment 178.89).

* Saving guide for option 2, I read certain credit cards with online transaction rebate works on ptptn, like pbb visa signature (6%), quantum master (5%). I couldn't verify this, if interested go check out for her.

As long as can generate more than 5.15%, then it is good deal. ASNB is 6% now, with some risk taken when bursa crashed, it is easy. But again, if your niece is not financial savvy, then better paid off the loan.

This post has been edited by vanitas: Nov 17 2018, 06:11 PM

Uncle don't off topic liao
Later you kena kicked, I am bored too, need someone top up more than me only got motivation to keep top up.

This post has been edited by vanitas: Nov 17 2018, 05:57 PM

Not sure what are the hidden fees, if I use loan calculator, 28k for 15 years at 1% interest, monthly repayment is 167.58, but in his case is 178.89, which is 1.9% in my loan calculator.

Anyway, don't off topic too much in asnb thread. I also scare kena kicked. Haha

Given it is one-time fee.. 36 months would have lowest interest p.a.

Aunty take care, try to top up tomorrow, might still have chance.

For others, whale alert!! Top up before aunty wake up!

Just kidding. Haha

Uncle, you no bullets only. If you got, you already no sleep wait 7am. Hahahahaa

Wah, really only 2 hours sales... Luckily bought some yesterday...

Wish to top up more, but it is not easy to squeeze more money within 2 hours, especially I already top up most in other 2 funds...

This post has been edited by vanitas: Nov 18 2018, 07:29 AM

Well.. bank is using the term interest rate, with different calculation, given not all people is financial savvy, I think the marketing approach of bank takes up some responsibility.

Anyway, different people got different ways to deal with money, calling them ignorant is too much... Even millionaires, billionaires may bankrupt one day, just their lifestyle different with you, no one is right or wrong...

But would you buy property with cash or loan? Given loan have good advantages, especially you got asb vs you personally dislike loan.

Hmm, but you could withdraw asx to paid off house loan if required, which means got flexibility to spend money in hand.

But anyway, it was a lifestyle than a matematical equation. Good to know there is people weighted personal preference than numbers.

Time and patience yes, money really LOL...

veera77 some thoughts on settle ptptn earlier or loan.

Salah calculation.
It was 3% of 7 years earlier vs 6% gains after 7 years.
Option 1,
You paid off 100k car loan.
No money to put asnb.
But can top up asnb 17k every year for 7 years.
End of the day asnb got 150k with 6% compound.

Paid 100k, left 150k.

Option 2,
You borrow 100k car loan.
100k in asnb.
Paid loan 17k x 7 = 121000 over 7 years.
Asnb got 150k with 6% compound.

Paid 121k, left 150k.

Uncle, I draft quite quick, ask me again if I missed out anything.

This post has been edited by vanitas: Nov 18 2018, 12:43 PM

Like lucifah said, save time then paid off in one shot.
You drag time doesn't gain much benefits, or even seems worst than paid off in one shot.

My calculation could be wrong, wait expert come in.

Uncle, can la..

The most important thing you missed out.. if after you paid off in one shot, can still top up the loan installments amount to asnb.

Not sure about others, but I can top up near automatically.

Or you can adjust my calculation into 3% FD, top up 17k annually, still got near 135k after 7 years.

Because uncle want pay installments by salary, not by withdraw.

Not really, it was about pay car loan or put in ASX.