Ultimate Discussions of ASB1/2-Financing, questions/comments/criticisms welcome
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 Dec 15 2019, 04:55 PM
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#1
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Junior Member
161 posts Joined: Feb 2018 From: Malaysia  
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I put 50K in my ASB few years ago and topup another 10K last year. This year I withdrawn almost 30K from there. I am thinking to do ASB financing, what is your opinion on saving vs financing in ASB?
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Dec 15 2019, 06:15 PM
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#2
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Junior Member
161 posts Joined: Feb 2018 From: Malaysia
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QUOTE(hazremi @ Dec 15 2019, 06:10 PM) i prefer saving over asb financing..nowadays you can auto deduct from your bank account to asb..the dividend you get is 100% yours, no need to split to pay your asb loan Agreed, but the dividend will not be that much as we are slowly saving from month to month. ASB financing would give a higher dividend amount, but the it will be split to pay the finance interest. So at last, after calculation I don't know which will be more beneficial let say if we save/pay the same amount every month. 1k of ASB saving monthly 1k of ASB financing payment monthly |
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