Would like to Share a bit. Just came back from updating my book yesterday. Div + Bonus amounted to RM 37,000.00 from 400k loan plus compounded interest from previous years.

I'm paying approx 2,400 pm @ RM 28,800 to service the loan for RM 8,200 profit. Plus will earn roughly RM 14,000.00 from the coming ASB2, which if not for the ASB loan facility, would not have been able to fill up to the max. This makes for a total profit of RM 22,000 or rather approx RM 1,800 per month.

I could now, terminate the loan for an even higher ROI from the ammortization. But now since the new ruling, I would not be able to retake as max loan only allowed up to 200k. If I let it compound, Will have even higher dividends next year.

Also contemplating taking ASB2 loan and remove the current cash 200k in ASB 2 elsewhere. But don't know where to park yet

Also contemplating taking ASB2 loan and remove the current cash 200k in ASB 2 elsewhere. But don't know where to park yet

well u can park your 200k in ASW2020.. won't be getting 7+ sen dividend, but a bit lower.. 6+sen only.. Other same like ASB/ASB2..

Hmmm.... I actually need about 100k to renovate my new house. So i might just take up the ASB 2 loan and use the freed up cash to renovate.

So it'll be like borrowing to renovate and paying the instalments to ASB2 loan. All the while maintaining the dividends received.

Good plan?

Which bank offers the best rate? I think I read that cimb is the best one

maybank 5.2 25yrs islamic

cimb 5.2 ; if refinance @ family link got 5.0 30 yrs insurance optional islamic

affin bank 5.15 @ 5.0 kalau above 100k 30 yrs conventional no lock period

Is it recommended for Fresh Graduate to take this ASB loan?

Just now I went to Maybank to update my ASB book, the counter staff advised me to take ASB Loan.

BUTTTT, I feel afraid to take this loan because my salary is just okay okay, I also need to pay my car loan, PTPTN loan, bills etc.

Sigh. Dunno whether i should take it or not..

Is it recommended for Fresh Graduate to take this ASB loan?

Just now I went to Maybank to update my ASB book, the counter staff advised me to take ASB Loan.

BUTTTT, I feel afraid to take this loan because my salary is just okay okay, I also need to pay my car loan, PTPTN loan, bills etc.

Sigh. Dunno whether i should take it or not..

Simple advice: Take what you can afford. 

better not for now.  wait another few more years when you've "stabilized" 

if a person has like rm700k in asb and asb2, can he/she apply for rm200k loan?

ASB-i.. compounding dividen + bonus

ASB-i.. compounding dividen + bonus

ASB-i.. compounding dividen + bonus

WTF! This a pic of my book... And that's my bloody thumb holding the book.  You must've gotten it from another forum... Lol

If wanna show off also use your own book la...

aku x kata ni aku punya..
ini contoh racun utk Fresh Graduate yang nak ambil ASB loan

typical meleis.. semua benda nak butthurt.. bukan ada untung pon share benda tu

lain la MLM.. semua gambar testimony utk gain profit.. pppffffff..

btw aku amek dari cg.. kenapa aku x mention? sebab LYN =/= CG

dalam FB aku dah mention..