Don't think that has been done.. Typically, folks just report individually sourced rates as they get em.. I suggest you hit up some of the agents in here and hear their best deal. Depending on how long you intend to keep servicing the loan, you may or not benefit from adding insurance.

Same response I was given.. Though you can seek for minimum Takaful.

Usually none if you held on long enough to benefit without owing the bank once terminated and you didn't sign a loan with a lock-in period. Terminate within a lock-in period and or too short a run and you sure owe the bank interest and must be paid. A penalty of sorts.

Nope, not fixed rate as a typical car loan. Though your account should also reflect any rates changes in the details section.. The rest Haziqnet already explained well.

I believe it's still too early to terminate without owing the bank.. I suggest you strap in till you break even at least, before terminating and getting better rates. Typically 2-3 years of compounded dividend should suffice. Decision is yours though.

I already did for a pal of mine.. Fella took full insurance cuz wasn't aware of the whole rinse and repeat advantage.. Paying about RM1120 per month... Calculations shows should hold for at least 3 years to break even and win some on top.. Best to go 5 years if rate remains under 5%. Dividends were calculated using 6.5%.. Too sleepy to attempt it again.. Fella is in hodl mode till then. Anyways, it's just common sense that with any conventional loan, the first few years of payment is heavily into paying the bank interest.. So definitely owing. Banks are not in the business of losing money.

This post has been edited by voncrane: Mar 14 2019, 10:04 PM

I beg to disagree boss.. It's bad.. Especially for those paying loans with 5.x interest and just started within the past few years.. Yes you still make "some" money.. But addon full Takaful.. Are you really? Anyways.. I did warn about this trend long ago but was shunned back then.. When ppl were calculating future estimates at no less than 8% return..Bet they ain't laughing now..

See next year how..

I agree.. Still will get profits.. Me just looking from the 12 months wait perspective.. it's really meh! Better than loss or a deep dive. So yeah, I agree.. Just have to hope for a better economy and returns in the next coming years. To be realistic, not for at least another 3 years. World's still reeling from its many economic hits and ASB isn't an aggressive fund.

Nice one..Keep growing.. Let's double it in another decade..

Sure, I'm one of those "voices of dissent".. Here's the thing.. Was I wrong or was I right to predict long ago that the dividends will keep dropping? I wonder what you'll say if it drops even further? Don't bother responding.. That was rhetorical and I don't want to go into that argument again..

Yes, as with all things money.. You'd be silly to invest without doing due diligence. There used to be a time when agents (such as yourself.. yep it's that obvious who's dupe you are) used to say.. sign up and from first year you can use the dividends to pay the next year and so on.. Where are those now eh?

Relax brother.. Trust me.. There are much more rewarding funds out there.. "Safe even" and backed by respective governmental bodies too... What if I told you that while some are rejoicing over 6% while paying 5.x% loan interest.. That some funds made 18% (some others more) at the end of last year.. yielding significantly more returns with lesser invested amounts. And don't get me started on inflation and using MYR instead of stronger currencies.. Buggie's success is great and I doff my hat to his discipline. Deserves to be rewarded... But we know that he didn't start this journey last year or the past 5 years. The precise set of conditions to yield his results will NOT happen.. at least, not in the next 5 years or a decade even.. Mark my words again. So to advise and or play up such success when it's not easily attainable today is akin to those who today keep preaching that the property market isn't in trouble. No crystal balls needed.

Nope.. Current rule of thumb to maximize is ... ASB > ASB2 > ASB3 - Didik

This post has been edited by voncrane: Apr 3 2019, 12:04 AM

Treasury bills and crypto, to name just 2..

So in 3 years, one made about 10k using an investment instrument of over 200k.. Roughly what, 4K per year..? And this is with 6.5% projection and not lower or with full Takaful.. Like I've maintained, sure, you'd make some money.. But who really made bank within those 3 years?.. You or the banks and or their cohorts? So obviously, they'd blow the loudest trumpets on its greatness to newbies and promote it over other viable options.. Finally.. Calling it out as it should.. Not simply screaming.. It's best best.. This has been my only issue with the group think of this thread. Call it out as is and don't simply say it's the best out there. It's not. It has already dropped to 6% and will take sometime to recover. Glory days won't be here at all.. Unless there happens a major dynamic shift on the political and economic front.. As mentioned earlier, the Malaysian economy is not one to "watch" or due for rapid growth and ASB is not an aggressive fund. My earlier point for those who haven't figured it out.

To the idiot(s) who keeps hitting the report button.. Have a field day with this one too.

This post has been edited by voncrane: Apr 3 2019, 02:17 PM

Again... I understand where you are coming from. Want numbers right.. Here.. Same 40K annually (read that annually not monthly) compounded at a minimum 15% interest will net you over 60K easy within the same 3 year period. The 18% I quoted was the minimum returns of one of the funds I made mention.. Nope, it's not Malaysian-based. Probably why some have no idea that some folks actually invest their cash outside.. I wouldn't elaborate more, as you rightly pointed out that this is the ASB loan thread and we should stick to the topic at hand.. Want to know more about such? Get a decent investment manager/financial planner or Google and go solo..

Nope.. More like only an amateur "investment fella" would simply assume that the 18% quoted was a one-off thing and or the returns haven't consistently been higher.. Surely even you must have seen certain medical insurance ILPs that net more than that and over a single year period... No? Oh well, Here's my fact.. I (an "amateur") long time back predicted what is happening today. What did you as a "guru" predict and who ended up being right and other wrong? You know I know.. so i won't flog a dead horse. Yes! the fund is capable of consistently giving a minimum of 18%.. If you don't believe there are such out there, then you aren't as knowledgeable of publicly or privately available investment mediums. And it'd be a waste to debate further.. Plus that would be derailing this thread and I'm done with this.. once again.. See who's right in another say 3 - 5 years..

Preach.. I don't need to flash a screenshot of a loan propped/fattened investment amount.. That's just for syok sendiri purposes...Lose the loans and then we talk. .I'm no where near where i hope to be.. I'm grateful for all i have today.

Edited..tax man and privacy reasons..

This post has been edited by voncrane: Apr 3 2019, 10:47 PM

On the contrary.. My post showed i get it..Wanted numbers? I gave.. Wanted examples? Provided..ASB loan? I get it.. OPM, monthly compounding, start early, leave-in, pay loan consistently, pray... Maybe I left something out, maybe I didn't.. I was under the impression that most here are advanced enough that i didn't need to spell it all out as if to 2 year olds. However, I'll concede to your last statement about this all requiring a certain level of understanding. Good chat.

Bro.. You should take your own advice..

Pray tell.. Where to get this 400k loan per individual & per fund today without potentially damning/suicidal workarounds? Oh wait.. you can't..

Right.. I'm amazed that this needs to be explained to most.. Which is why, I just stick to a single independent life insurance policy (TPD, PA, Death, etc...all inclusive) that is more than adequate to cover the core stuff like housing etc.. Then either take none or minimal of the likes of MRTA, MLTA, etc. No point paying insurances all over the place.. Bleeding. Can only die once anyways..

This post has been edited by voncrane: Apr 12 2019, 01:56 PM

Later TH 2.0...

I'm aware. That was meant to be a joke, hence the accompanying emoticon. Doesn't mean I wholeheartedly trust em all. Lost and seen a lot of cooking in the past to know better. As with all investments.. Best to have one foot in the door at all times.. Ready to burst in and clear out my stake before it's too late.

Don't want to guess.. You know, I know la.. Later lod.. Have enough on my plate at the moment..

Yup.. Especially for those who just signed up and up till around 1 - 3 years.. A loan is still a loan and initially, you will owe the bank more money than is available upon surrender. Which must be paid for early cancellation.

You are welcome..

True.. My bad.. Failed to include the part about insurance or not.. Basically to me.. It's already a bad deal as is.. So if it drops even lower.. ASBF is a definite no go. but that's just for me and financial standing.. Those in similar situations should have access to other avenues that net more. if not for it's "stability".. IMO, no other selling point.

Ah yes.. Recently released.. It looks clean and handy. Just a couple bugs here and some features to be added.. To make it better. Liked the part where one can immediately switch languages at the beginning. Intuitive.