Finance noob here.

My asbf already 3 years (finally finished the fukken lock-in), I can do the terminate-reapply method talked about here. Now 100k only. I think I can go 200.

Pros: That can give me my amort value + return for insurance. I think.
Cons: "Extend" my loan tenure.

Also, my rate now is 5.1%. You guys mentioned 4.8% here, I'm interested.

Im afraid the bigger problem is not either she can topup another financing or not but if she eligible to do so...pm me bro so i can check for her credibility to apply loan

Thanks but when we chatted on this topic this evening, akak said her siblings told her dont bother. Just top up bulan bulan 😁

I hope it is worth it, I took 200k loan last year

dun worry it will be worth...if u optimize OPM it will be more worthy...ASB is a low risk investment...its hard for it to give negative return as its solely because of the dividend distribution and bonus. Its different with Unit trust which the NAV price is not fix and subject to equity fund performance + dividend distributions + bonus (if available)

I read in blog also FB that saving on your own is much more beneficial and that itself scares me to a point that I almost cancel my loan. Good thing to know, it IS worth it 

Dun just believe what u read in blog or FB especially if the person are not pro in that field...they can tell as much as they want but most of it are misleading explanation and without proper calculation.

They are just wannabe pro investment but actually know nothing. When i see such person in the real world when i ask to debate face to face they will avoid it like a coward.

you can call them a keyboard warrior but very stupid one...

as long as you do your asb financing / loan with the right method and what are you capable of wont be a problem...

so just sit back and relax. 

Dun just believe what u read in blog or FB especially if the person are not pro in that field...they can tell as much as they want but most of it are misleading explanation and without proper calculation.

They are just wannabe pro investment but actually know nothing. When i see such person in the real world when i ask to debate face to face they will avoid it like a coward.

you can call them a keyboard warrior but very stupid one...

as long as you do your asb financing / loan with the right method and what are you capable of wont be a problem...

so just sit back and relax. 

Given the recent decline in interests + bonus announced each year. Did some more calculations on how interest and bonus is calculated to arrive at the real interest to be applied on amount invested and have decided to save using own money instead of the loan. Starting with say RM50K and consistently paying per month for say 10 years (same as paying a max 200K loan anyway....willpower present) yields more cash at hand in the end than using the loan. Yes, some arguments can be made that one could use that startup cash elsewhere, but the benefits of using one's cash at this level outweighs that of being tied to a bank loan and subject to additional fees, interest fluctuations and what else in the future.

Would you like a proper calculation that saving with one's money DOES pay off than taking the loan? 

Given the recent decline in interests + bonus announced each year. Did some more calculations on how interest and bonus is calculated to arrive at the real interest to be applied on amount invested and have decided to save using own money instead of the loan. Starting with say RM50K and consistently paying per month for say 10 years (same as paying a max 200K loan anyway....willpower present) yields more cash at hand in the end than using the loan. Yes, some arguments can be made that one could use that startup cash elsewhere, but the benefits of using one's cash at this level outweighs that of being tied to a bank loan and subject to additional fees, interest fluctuations and what else in the future.

Would you like a proper calculation that saving with one's money DOES pay off than taking the loan? 

For your case if have 50k cash to put in ASB then it is better. Because initially u already have 50k capital, if 7% will give u rm3500 dividend. it is around the same if loan 200k ASBF

please share with all of us

See below;
Unfortunately, when it comes to my finances, I tend to be analytical and deal in real world stats.. Money & family tend not to play well most times, so family or otherwise proxies are out of the question, cuz   .Compounding interest was calculated yearly and difference will only increase if calculated monthly. See brief calculations below;

Loan

Edit: Mind explaining or pointing me to a post about being able to personally get 750K ASB/ASB2 loan? My understanding is it's 200K.

I will use my simple calculation so look if its the same or not

200k asb loan
Monthly 1074
Terminate after 10 years

Compounding dividend = 193,430 (asb account)
Principal SV = 200,000-162,648 = 37,316 (return into bank account)
Total
(193,430 + 37,316) = 230,746 (this is the total you will get)

Nett profit
-----------------
230,746 - (1074x120month) = 101,866 @ 79.03%

So your calculation for 200k and terminate after 10 years is correct
With the base amount yes you will get more than what asb financing can give. But the problem is you not optimize the OPM and you need to have that base amount first where most normal people dont have.
For that asb loan 750k first 400k (asb1+2) you can apply by your own but for another 350k you need to use proxy. If u dun believe family members than u can use your wife as proxy if u already married.

I will not explain further as you are too analytical person and you will always reason with more question even though you actually already understand.

Person who are afraid to risk their money are not suitable for investment. I will advise you just put your money into asb saving. Its more suitable with you.

What you are trying to prove will give misleading to another people who understand the investment risk and make them afraid to do so although they dont need to.

As long as given asb dividend is relevant higher than the bank interest its still profitable and there is no need for you to afraid of.

With the base amount yes you will get more than what asb financing can give. But the problem is you not optimize the OPM and you need to have that base amount first where most normal people dont have. You also need to take note that asb dividend will count base on the lowest amount every month. This will be the cause your potential return less than what you calculated.

Wrong... Please recheck my original post and redo your calculations. I pointed out the the projected returns were calculated based on yearly compounding. If done monthly, taking the lowest amount into account, the final amount will be higher. You should know this.

As long as given asb dividend is higher than the bank interest its still profitable and there is no need for you to afraid of.[/b]

No need to be afraid? Yes. Can one do better & not work for the bank? YES!!.. If you were me, which would you do? It's rhetorical.