Seem not from the profit.

Wait other opinion.

This is what people see but what they don't see it's the principal that was reduced for the past 5 years which is around 16k. I used 5.2% for the loan interest.

If u pay 1200 monthly for 5 years straight ur compounding dividend would be 90.6k

So basically it's 90.6k - 72k =18,600+16k(principal)

Total would be 34,600 and not 5,247.

Dividend already drop below 7%

I think it's better this way, compare to store in saving account. Who wants to give you RM100k in 5 years time?

We pay RM65,880, then got free RM43 814 = Ok right?


That's not how ASB 'loan' work. The yearly dividend u receive is from loaned 'RM200k' (correct me if i'm wrong, for those who are banker). U need to pay it according to your loan tenure.

The calculation u use is for manual ASB saving, dividend you get is from the compounding amount.

yup.. my dividend calc is based on 200k plus dividend compounding amount. Its just i didn't add with prinsipal which is kept incresing like Davez89 said b4. So after 5 years if i terminate my loan i get an extra cash of 16k (prinsipal) from the bank + compunding dividend = profit.. hehe

Yeah. I think I'm gonna buy another unit on 2017. I do hope the dividend do not go lower than EPF's

this is what most people not aware of, the loan repayment ure paying is for both interest and principal.

probably not for 5 years, but around 10years+

Let me share you something. Someone might already know some may not...

Ok how asb financing make profit?

1st from dividen
2nd from prinsipal

Let say u are applying 200,000 financing earlier 2016 than terminate it earlier 2017

Monthly = 1100
Bank rate = 5.2%
Duration = 30 years
Dividen 2016 = 6.75%

Profit from dividend

200k x 6.75% = 13,500 (a)

Than principal by ammortization ur balance left 197,154 so 200,000 - 197,154 = 2846 (b)

Total earning (a)+(b) = 16,346©

Ok now calculate your net profit
(Total earning - capital)

1100 x 12 = 13,200 (d)

©-(d) = (e)

16,346 - 13,200 = 3146 (net profit)

ROI (net profit/capital x 100

(e)/(d) x 100 = (f)

3146/13,200 x 100 = 23.83%

I want to ask you is there any low risk investment out there that can give you ROI (23.83%) in 1 year?

If you do ASB saving how much at least of dividend you must get to have this much of profit?

Please do remind asb financing is the best tool that u can use as force saving. If u r saving by yourself im prettry sure you cant hold that money from being used when u really need it.

So please do asb financing with knowledge. You only see asb dividend is getting less years by years and are not profit. Its wrong. Still profit but less.

Investment will have time it go low and then go up again.

Thats all.

Any question pm me.

This post has been edited by haziqnet: Dec 23 2016, 11:49 PM

How about invest that 1.2k on public mutual (longterm 12%) with 5 years?

Here 1 study case i want to share

What happened to those who apply asb financing at short duration? Will they still profit or not?

Ok look the situation below

Apply ASB 100K (2016)
Duration 10 years
Monthly 1070
Bank rate 5.2%
2016 dividend 6.75%
Terminate early 2017

Look at the calculation

100k dividen at 6.75% = 6750 (a)

Principal by ammortization left 92,169

100,000-92,169= 7831 (b)

Total earning 6750+7831 = 14,581 ©

Net profit
Total earning - capital

1070x12=12,840(d)

©-(d)=(e)
14,581 - 12,840 = 1741

ROI (net profit/capital)

(e)/(d) x 100 = (f)

1741/12,840 x 100 = 13.55%

I want to ask you guys 13.55% of profit in 1 year is low or high? UT with your own cash only get around 10-15%. But with current economy i think you will get less than 10% for this year.

Another point i want you to understand the less your financing duration means more principal will be deduct from your original financing

So do u guys still need to worry because dividend is below than 7%?

Yes i do understand for those who were applying asb financing below than 29 years your dividend wont cover up you installment for the next year. Here i teach you how to make u less burden to pay for the installment. You pay every month using the dividend by divide it into 12. Than you put your own money every month the amount thats still not enough. By doing this, you will not feel burden when paying the installments.

Ok guys hope u understand. Any question dont shy pm me.

This post has been edited by haziqnet: Dec 23 2016, 11:51 PM

Have you look at their 5 years performance? How much % they state?

Yes by calculation 1.2k with 12% of dividend you will get about 93k before deduct the available fee or charge. Plus do you already plan your investment? And can you risk 1.2k permonth? If can proceed. If not think twice.

This post has been edited by haziqnet: Dec 23 2016, 11:48 PM

For those who are comparing affin bank and cimb let me tell u one thing cimb asb financing is islamic and affin bank asb loan is conventional. For muslims better do investment with islamic term. For non muslims bumi you can choose either.

For now only cimb and maybank offer asb islamic financing plus have syariah panel. Maybank asb 1 only offer 25 years and cimb 30 years.

Your choice. Im just telling u the facts here. Please correct me if im wrong.

This post has been edited by haziqnet: Dec 23 2016, 11:59 PM

People want to invest their money on this ASB Loan right? Minimum for this loan is 30 years?

Maybe the way im thinking is different, I don't want to invest "loan" with my money, invest mean you are ready to lose it all or profit, and I don't have 1.2k every month to save up but with 300 per month, is affordable for me for 30 years i bet can get more than 200k on longterm public mutual.

Just my 2 sen.

Not min 30 years but best method 30 years financing. You can apply less duration with more installment if u want.

200k asbf with compounding u can get million after 30 years. But by rolling dividend only 1 year payment u can get more than 200k after 30 years

Unit trust est. Profit 8-15% per year. Minimum investment 3-5 years. Unit trust also is a tool like asbf...the difference is the risk. Asbf is low risk and ut medium to high risk. If u really want to invest in ut i can help u but under cimb. You can compare both and choose which is more better.

In investment you must diversify best start from low risk to medium risk and so on. Thats how you can control and manage your risk. Plus before make an investment make sure u already have emergency fund at least 3 month of you salary. To start UT now is a gud time as u can buy units at floor/lowest price.

Pm me if u want more info.

This post has been edited by haziqnet: Dec 24 2016, 01:06 AM

I wonder how much the asbf agent received the commission from the loan.

If u want to know i can tell u...only 0.5% of commission from the total of financing/loan. So if client apply 100k we consultant only get 500 per application. 1 time commission only. Is that much sir with all the knowledge we share. If u go see bankers u wont get knowledge and technique like we told...plus we can help u to apply asbf according to your goals and budget. This commision is our only salary as consultant. No basic salary. Hope u sastify with my answer. Thank you

is there any probability for asb dividend to be better in the future?

That have to ask aromachong - got crystal ball

No one can predict but in investment there is downtrend and uptrend.

If u understand this you wont worry because its normal