Bro, outstanding balance and principle is different wan ke? Oppss didn't know that bro..haha. btw, I checked the outstanding balance at ambank apps also at bank negara ECCRIS website...

Yes but the calculation for interest payment will be from the accrued interest right? So that means less payment for principal?

Bro if all the installment will deduct the accrued interest first... Then why is the bank extending the tenure for 6 months also?

This is what I meant guys... I don't understand why there two charges?😭  (The reply from customer service department)

Are we getting less when we terminate the loan?

Jc

yes correct bro. Because asbf use reducing balanced method to calculate the interest. Meaning the interest payment will be based on your financing balance. Let say you financing balance after moratorium is 195k

so the calculation is like this

30/360 x 4.8% x 195k = 780 (after moratorium)

lets say before moratorium your financing balanced is 190k so the calculation as below,

30/360 x 4.8% x 190k = 760 (before moratorium)

See your interest payment increase after moratorium therefore this will make your principal deduction lesser.

On the contrary, I dont 'want' any cause I'm not bothered to take the moratarium. So I dont get why this haziq fella keep saying I'm worried about something I am not even considering.

Oklah I get it that some people are struggling with their finances and want to opt in, but unless you're the bank nobody can give an explanation. All you're doing is speculating as you readily admit.  What is annoying is that agents are not telling the whole truth, all they say is 'you still profit', but no mention of other risks.

Anyway, good luck to those taking the moratarium, hope your speculations present a positive outcome.

This is just bad advice from someone who clearly does not understand how asbf and interests work.

The asbf interest is lower than the dividend payout, why would you pay upfront to reduce the principal. To maximize profit, settling the loan has never been the goal. This has been explained numerous times in this thread.

well its possible to terminate ASB1 financing and reapply a new one.. but not for ASB2 financing

You still need to pay the accrued interest first before terminated it, right? then what's the point?

Customer: "Hi, I want to terminated ASBF"
Bank: "Hi, since you want to terminate ASB, then your accrued interest these six months will be terminated too, then you're free to go."

I don't think the situation will be like this.

latest payment go up to 1095 for my loan..

before the series of increase its only 950

pls advice

Hi, what does “Profit charged” mean in my asbf loan statement mean, is it refer to interest rate?

The amount varies monthly to monthly, hovering around 750rm per month.

Meanwhile my monthly installment is 1030 now.

I'm a noob. I thought asbf can be taken at any time. So there is a certain time to apply for asbf?
I saw this on fb too, saying asb2 is going to be available. Rate 4.45. or any lower?