4.85% from which bank? If I plan to do ASB-f for RM150k, rates still 4.85%? What is the monthly installment for 20 year?

The only problem is that nowadays people don't maths and also saying it's haram etc etc haha.

Why need to go max? Isn't it better if you pay off earlier and that means you no longer have the committment to pay while your investment continue to reap the compounding interest?

Can explain how terminating and reapplying can bring down the monthly repayment?

Also, if you terminate and reapply wont you lose dividend for at least 1 month to sort out the process?

7% return is good if you use your own 200k cash.

if you take 200k loan, you still need to pay loan interest rate right?

so let say loan interest rate is 4.58% and ASB return around 7%

7-4.58= 2.42% which is lower than FD return.

back then the average was 9%-10%.. now average is 7% only, it's possible that in the future the return is lower than the loan interest rate.

is my calculation correct?

This morning ok.

This morning already show the total asb amaunt.. But it doesn't show the details .

myasnb is traffic jam now but I was managed to login to check my new balance. "503 Service Temporarily Unavailable", "502 Bad Gateway" again now. Website down again.

4.85% is only for 30 years but mine is 5.1% for 20 years.

if loan 4.85% for 30 years, I have to pay the total of RM380,160 in 30 years. Loan RM200k but paid RM380,160, the bank was earned me interest of RM180,160 in 30 years.

but mine now is 5.1% slightly higher but I just loan for 20 years, I just need to pay the total of RM319,440 in 20 years. After 20 years then I will senang-senang to receive my dividend. Loan 200k but just paid RM319,440. The bank was earned me interest of RM119,440 in 20 years.

you can calculate with excel by using these formula
4.85% for 360 months
monthly
=ROUNDUP(PMT(0.0485/12,360,200000),0)
total 30 years
=360*(ROUNDUP(PMT(0.0485/12,360,200000),0))
5.1% for 240 months
monthly
=ROUNDUP(PMT(0.051/12,240,200000),0)
total 20 years
=240*(ROUNDUP(PMT(0.051/12,240,200000),0))

not sure but I just divide RM200k by 360 mth to get RM555.56/mth. If 20 years then RM133,333.34

=240*(ROUNDUP(PMT(0.0485/12,360,200000),0))
will get RM253,440

You was paid RM253,440 in 20 years. So bank was earned you RM120,106.66 but you only can get RM133,333.34 cash after terminate.

I really jellyfish.. 😂

Wow! Please share your method sifu!

4 account n hit 1m

Plz asb give big % to young gen like us

OK, its up to you. As I say everything were offended you. For me, if possible, I got RM200k cash, I won't choose to loan from bank. Just put RM200k cash directly, it is the best and most return because loan from bank we need at least 5 years to get return after deducted to bank interest. That's why loan in shortest term is the best, the shorter term we loan, the less interest that we paid to bank. So should get certificate and settle earlier then enjoy my loan free life with my RM200k and compounded dividends in my ASB account for the following years.

It's not so difficult to calculate actually as I like to calculate everything. I was studied Accounting & Finance before as a Bachelor of Commerce.
That's why I say not worth to extend your loan to maximum 30 years, interest is too high. I'm not talking about interest rate, of course interest rate is low but you need to first calculate it first to know how much the "Future Value" you need to pay in total. Just either take out a Financial Calculator or use Excel to calculate your future value. Frankly speaking, bank also need to earn your money. If not why the bank can get so rich and every year earn profits? You can see everyday got so many salesmen and saleswomen hard sales ASB/ASB2 loan, bank need these kinds of income. They need to earn our money.

I am speaking out my mind base on a ASB loan consumer but not a salesman. Salesman of course is trying to convince us and praise for how best of their ASB loan got what kind of promotions lah, got what kind of benefits lah.. damn, who care of these things?

For me i dont care how much bank make as long as i am in benefit also. Hopefully will reach 7-digit in 13 years and follow bro buggie's footstep

Wow congrats! well on your way there... keep at it

come come, get on that money train!

No dilemma.... as wild card says, it's constant. almost as sure as death and taxes.

it'll be a dilemma if i didn't have that 7 digits tho!

That's right, timo... you get the idea.

People think that this loan is a liability. like a car loan or a house loan. talking about financial freedom and stuff....

But they forget that ASB loans are unique. You are still technically financially free at all times with this loan as for any reason whatsoever, be it low dividends, high interest/BLR/BR, medical emergency, suddenly becoming jobless, etc... just TERMINATE AND WALK AWAY. Zero risk, or shall i say minimal risk should you terminate on the first year.

Even if you die, the banks just take back the sijil and your next of kin is not burdened by your debts.

Noob question here: That "Jumlah" is the amount we own or the total investment?

Let say if we cancel the loan (bank sell the certificate) the amount would be adjusted to how much we actually own?

IF la kan..😅
For me, if I got 200k cash, what's stopping me to transfer that to ASB2/3 and subsequently get full ASBF 200k? Better..max ROI. Why stop.

I see. Thanks for clarification. So far, no financing available for ASB3 yet right?

I concur. Excel calculation VS Real/Actual experience.

Actual never wrong. Fact.

BTW, How old are you sir?
You just inspired me.

Buggie, I haven't done the meth since most of my clients are rather young. Would you say it is still beneficial (if you believe it was beneficial to begin with) for those who can't finance at full tenure, to be refinancing them every 5 or so years down the road?

Consider for both types that are paying each month to let the dividends to compound as well as those rolling the dividends to pay the installments

Is ASB2 still available for financing?

Currently doing 200k for asb1 on 3 separate certs, so wondering if i should letgo one of the cert and apply for asb2f instead.

flyingspaghettimonster asb forum.

hmmm. i type cari.gold just now