If my property fail im screwed

If asb fail the government guarentee me

Yes, can! 
Any different than using rental income to pay your installment? You guys are not being fair with your comparison.

I am going to pre-emptively address the tongkat issues: Please, don't involve tongkat in this argument, we are debating the feasibility of this financing and investment, not whether or not some groups are persecuted. For that topic please bring it up in other threads or subforums.

Yeah, she is still studying for ACCA. But dad bright enough to know the benefits of ASB financing, especially when it is comparable to a mortgage. Why buy a house and deal with all the trouble of buying, maintaining, and selling one?

I said this once in this thread and I will say it again. ASB isn't giving the best returns consistently each year. Try to ponder what I meant.

where got guaranteed. You have to look at returns from the perspective of annualized returns, the longer the better. There are other funds giving higher annualized returns than ASB. Public Mutual's Ittikal fund for example.

"not grateful" whahaahahaha... what the hell do you think I am doing now? 

Distribution, not interest. Interest is what the bank charges you.

If you are smart, you can make more money in Kenanga Investment lah. The only good thing about ASB is that it can be collateralizd, which means you can start your investment at RM993 a month but get RM200k in capital, at low interest rates.

But you are rich already, already have RM200k in hand, why bother? Just invest in Kenanga.

disclaimer: I do not work as Kenangar nor ASB agent.
omg. you really dont know what you are missing.

I do not engage. Don't ask.

I got no lobang. I personally feel wrong about it. ASB is meant for bumi but hey what the hell do I know about "unfairness".

There are "agents" that engage in these proxy things. I don't. Normal arrangements that I know of is: you pay the monthly installment, and the "proxy" gets 10% of the distribution each year. You can either keep the 90% in the fund to let it grow or withdraw it to be reinvested into your own funds.

I have never heard of anyone prosecuted for this, but I am sure it is not strictly legal. Sounds and look like money laundering?

OK la I let you in on it. The risk of ASB-f:

1. start of the year, you start paying your installment for the next 12 months at the rate of 4.85% p.a on RM200k that you borrowed.
2. next year, when distribution is announce. ZERO! No distribution!
3. You wasted 4.85% on RM200k paying interests for nothing!

That's about it I guess. You won't go bankrupt since your loan balance would be reduced to lesser than RM200k. When you close the account, the RM200k remains as is, the bank would only take the loan balance that is due to them