bukan.. kalau KEY mesti la kena beli.. btw edit quoted tu.. nanti key marah     

Would like to Share a bit. Just came back from updating my book yesterday. Div + Bonus amounted to RM 37,000.00 from 400k loan plus compounded interest from previous years.

I'm paying approx 2,400 pm @ RM 28,800 to service the loan for RM 8,200 profit. Plus will earn roughly RM 14,000.00 from the coming ASB2, which if not for the ASB loan facility, would not have been able to fill up to the max. This makes for a total profit of RM 22,000 or rather approx RM 1,800 per month.

I could now, terminate the loan for an even higher ROI from the ammortization. But now since the new ruling, I would not be able to retake as max loan only allowed up to 200k. If I let it compound, Will have even higher dividends next year.

Also contemplating taking ASB2 loan and remove the current cash 200k in ASB 2 elsewhere. But don't know where to park yet

Sorry, i thought the maximum of ASB loan is 200k?

Anyway, I plan to take 300k worth of ABS loan. Know a banker whom can (try) arranging that for me considering my history dealing with the branch.

May I know which one is the best route?
- 300k one off (not sure if possible)
- 30k x 10 loans.

I personally prefer the 30k x 10 loans as its easier for me to clear up one by one from time to time.

Show me your calculation for 1000% ROI, don't pull numbers out of your butt please.

600/month for 25 years I assume? Then simple calculation will be 600 x 12 x 25 = 180,000.

So you pay 180k to get a 100k at the end of the loan period, doesn't seem like 1000% ROI.

Lol, you butthurt so badly in kopitiam until you take my post out of context from there to here? Grow up. Kibod warrior betul.

sry if I have necro this post, ASB loan is for bumi only?

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?

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

1000 loan @ 6% - 60
1000 return @ 8% - 80
profit return 20 which is only 2%

worth or not?

yup, then why stop ? show me your numbers in simple way of calculation.....fixed, don't just blast without fact

hi guys,

1 question
is there any maximum limit for asb2 loan?

Maybank the takaful is compulsory. Min 5 years. Better take asb loan without takaful.

With takaful (insurance), instalment will be slightly higher depending on the coverage period. There’s no harm to take takaful tho for protection, eg if you plan to terminate in 5 years then can just take a 5-year coverage instead. It will be much cheaper compared to taking a full 30-year coverage.

Ah I see, yup with or without takaful it won’t burden the family members.

With takaful, family members will get back the asb cert amount plus cash value from takaful, while without takaful family members will only get back the principal amount paid if there’s any as bank will liquidate the cert when there was no payment made for 2 mths in a row.

If they’re keen on taking takaful then I’ll normally advise them to take a shorter coverage period (usually 5-10 yrs) depending on how long they plan to hold the loan as anything may happen during the particular period. It really depends on their investment preferences - some may take and some may not.

I think ronald already explain well. Usually i will advise my client to take separate takaful from 3rd party takaful company for example etiqa or msig takaful. Actually the takaful in asb financing is life takaful. If u plan to make your asb financing for long term (more than 10 years) is advisable to take the loan with takaful. However if u only plan for short term its more advisable to take the loan without takaful because your return of investment will be more.

Eventhough u doesnt take your loan with takaful if anything happen to u, ur heirs still get the money however the amount is the same like you terminate your asbf. For example when u terminate your asbf and get 50k but if something happen to u, ur heirs also will get 50k. Therefore no need to worry if u take your asbf without takaful. The distribution will follow faraid law with or without takaful.

42/deskjob/degree    I started my full 200k loan when i got my first job at 24 earning 2k. Survived on 600 a month. Then work your way up the ladder. Of course now no hal to pay ady la
Aiiya.... dun jelly la!... never my intention. Just wanna put a real life case study to the theories put up by wild card and haziq. To show that it works...  No short cuts though... the results above was 18  years on the making!
Sure.. very simple. just need discipline and perseverance.

Took 200k loan. Wait 10 years got 200k dividend.
Took it out put in ASB2 (cash)
Replaced it another 200k loan (ASB). Those days it was allowed.
When ASB2 loan launched, Took out 200k cash and put into ASD
Replaced that with 200k ASB2 loan

Along the way, terminate and reaaply every 3 years
Took out 100k from ASD to renovate new house.

They did do math but at the wrong side. So busy calculate how much the bank earn from the interest and said "wah banyaknya bank ambik. Pinjam 50k bayar balik 90k. Tak nak lah loan. Better simpan sendiri." 🤷