Just wondering how much is the minimum nett income to really afford Rm200k loan with comfort.

3k would be great assuming no property yet. Monthly installments around 1.1k that would leave u with balance 1.4k +- after minus epf & socso. Just gotta suffer the first few years and after 3-5 years repeat the process and u'll see some gains.

For my case, still can't afford because house + car.

Unless got wife support then binggo.

I guess can go for lower amount like 50k then follow up by another next year and so on. The return is still good as long as it doesn't go below 7%.

if u dun have any commitment RM2k will be enough...

use this DSR calculation to calculate how much you can apply

calculate base on your nett salary (after deduct SOCSO,EPF and so on)

2000 and above x 95%

2000 and below x 90%

than minus with all commitment not stated in your payslip + living cost RM500

you will get the amount you are eligible to apply for ASB financing



for example let say your nett salary is 2.5k

than the calculation as below
---------------------------------

more than 2000 x 95%

2500 x 95% = 2375

other commitments = 700

2375 - 700 = 1675

than deduct living cost 500

1675-500 = 1175

after get this total refer to ASB repayment table

This post has been edited by haziqnet: Nov 30 2016, 12:40 PM

correct.

after you get the 1st dividend you can use it to apply for another financing

if u apply 50k for now u will earn about 3600 if the dividend announce at 7.2%

After you get the dividend use this formula to calculate how much you can apply for the next ASBF
dividend / 12 x 80%

for example :
------------------

3600/12 = 300

300x80% = 240

refer this amount at ASB repayment table. For 240 you can apply another 40k (220/month)

so now your total asbf will be 90k.

Next year use the same method to apply for another asb financing until you reach 200k

than open ASB 2 account and do the same thing.

This post has been edited by haziqnet: Nov 30 2016, 12:47 PM

i will be in Selangor area on 10-12 of december 2016 (family day). So anyone here who would like to know more about asb financing can meet me at this date. Please pm or whatsapp me at 011-10785052 to make an appointment.

Location to meet at any plaza or shopping complex area in Selangor.


i will teach you

- how to get cash money every year using ASBF
- how to use rolling dividend technique
- how much you can earn by compounding
- how to combine your EPF account 2 with ASBF

and many more






This post has been edited by haziqnet: Dec 8 2016, 01:45 PM

Asb dividend = 6.75+0.50

This is not a good sign.

Thanks for update.

Source


Getting low & lower year by year.

Should i terminate my asb loan? is it still profitable for long term? currently using maybank loan for 200k.. aiyayaya

Depends on your objective.
If you do it as force saving then go on cos it is still higher than your loan value.
If you do rolling dividend, you will might consider to terminate it.

I max ASB1 loan and been running for 3 years without withdrawing any single cent. I believe current rate is still acceptable. Rather than I simply spend the money at others. Haha.

Tbh, mebeng asb rate & tenure tak boleh pakai.

This post has been edited by wts6819: Dec 22 2016, 05:26 PM

I still get more than I pay but next year only get 150 pocket money

Any recommendations?

force saving actually hehe.. btw which bank give the best and lowest rate right now?

I would recommend force saving. If you intend to terminate it, do it after 5 years.

I use CIMB. Rate 5.0%.
Affin Bank may give 4.9%

5% only for existing customers.

How to get RM100k in 5 years using ASB



This one consider ASB flip?

RM1,098 x 60 months = RM 65 880 = you need to pay this amount to the bank.

RM109,694.00 - RM 65 880 = RM43 814

Looking at the divident now its impossible to get 100k for 5 years.. (5 years of 6.75% only get u a cumulative divident of 77k only)

let say i pay 1,200 per month for 5 years (200k loan maybank)
RM1,200 x 60 = RM 72,000 (to the bank)
divident 6.75 for 5 years (prediction) divident accumulated = RM 77,247

Profit of loan for 5 years: RM 77,247 - 72,000 = RM 5,247

is it worth it?