Great! Just remember that this ASB loan will count in your CCRIS. So just keep that in mind when you do your budgeting and future plans.

He probably managed to accumulate up to 300k only before PNB imposed the max 200k ruling. So he can only take an additional 100k loan because that was what his limit had expanded to at the time. He will still continue to grow the dividend portion and with it also expand the Max limit.... just that he can't take anymore loan because of the PNB ruling now.

yes, i withdrew all my money to give way for the loan and investment for epf acc 1 (150k(loan)+50k(epf acc 1) = max 200k)

i choose to max both of my child asb2 account first due to the limited fund size (the total fund size is rm10Bil)..that is 50k each

i can still fill their asb account as and when i have the money because asb have no fund size limitation...

i choose to max both of my child asb2 account first due to the limited fund size (the total fund size is rm10Bil)..that is 50k each

i can still fill their asb account as and when i have the money because asb have no fund size limitation...

bro,  epf 1 can be invested into asb ??

for asb can't bro...

only asb2

so to say that we cant use buggie's method no more if we took the 200k loan and down the road
9~10 years it expands to another 200k ?

As other people on this thread had mentioned, you are now allowed to take up ASB2 financing (also up to 200k). So if you have enough 'capital' for another 200k, dont waste time feeling disappointed and go grab these loans now   

Hi. Sure bro... It's on a single IC

Everyone knows that max you can put in ASB is 200k. but as you earn dividend, the size will expand. So for eg if after the first year you have earned 15k dividend, your ASB size is now 215k! so if you were to withdraw 5k and leave 210k in there, you can still put back that 5k in even though you have 210k already there.

So for me, I took the max loan about 8 or 9 years back earning dividend which i never touched and let it compound. Dividend size grew to 200k essentially doubled. So I had 200k sijil and 200k cash. Took out the 200k cash and put into ASB2 and replaced it with another 200k sijil from MBB. Making it 400k loan in ASB

Hope this helps.

Just to get full dividend on it. No issue if you taking now. I taking my first 100k asb loan few years back around Oct. Yet I still manage to get 2k+ dividend from it. Notbad.jpeg
btw, I suggest you to divide it into 100k + 100k. Easy for exit plan.

200k how much u are paying every month?
is it can be covered with your ASB divident?

when u said divide here what do u mean?

200k how much u are paying every month?
is it can be covered with your ASB divident?

i always have negative perception on asb financing.
upon reading so much seems it is quiet good though.
for a start, how much asb loan should I take?

he probably meant taking 2 loans instead of one.

Means to say if one day u can no longer afford 1k++ installment

U can stop one loan of 100k which u are paying 500+- monthly
Instead of 2 loans..correct me if I'm wrong.

200k, as Davez89 said is about 1,200.00 per month.

although the dividend can cover the loan amount, I would suggest you don't touch it and let it compound. In 10 years, you double your money.

If you do take it out to pay your monthly loan, at the end of 30 years, you will have a little over 200k. If you leave the dividend in there and let it compound @ 7%, you will have 1.5M in cold hard cash! that's 1.3M difference...

So means if I take the 200k loan, I'll only have to pay for 1 year is it? As in pay only RM1.2k every month for a year. Then after that year let the dividend pay the rest? And would it total up to 1.5M? thank you.. Im thinking of taking it up

So means if I take the 200k loan, I'll only have to pay for 1 year is it? As in pay only RM1.2k every month for a year. Then after that year let the dividend pay the rest? And would it total up to 1.5M? thank you.. Im thinking of taking it up

Let say i sign up for 200k tomorrow, can we somehow take up the money before we enjoy any dividend and later we pay back the capital.

*treating it like a LOAN , loan.

Thank you in advance

the capital (loan amount) will be in certificate ,which the bank will keep in their safe.