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 ASB loan, worth to get it???

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MUM
post Oct 23 2019, 02:09 PM

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QUOTE(di3hard @ Oct 23 2019, 02:06 PM)
Probably out of topic but anybody make sijil of their ASNB sijil and make OD?
I have 100k of cash investment in ASB1, thinking to make sijil and OD for emergency fund. Anybody know anything about it?
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googled and found these...
Term Financing-i Secured by ASB Certificate
https://www.cimbislamic.com.my/en/personal/...ertificate.html

A standby facility for your urgent, unexpected financial needs that enables you to obtain cash without unlocking your investment in FD Receipts and/or ASB/ASN certificates.
https://www.maybank2u.com.my/mbb_info/m2u/p...sonal/LOA-Loans

https://www.google.com/search?source=hp&ei=...i30.z88GPDhNNeI
MUM
post Dec 2 2019, 11:24 AM

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QUOTE(AveoHzq @ Dec 2 2019, 11:18 AM)
Do you know the rate he got from HLB?

I didnt know we can do ASBF more than 30 years blink.gif
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interesting info to know....thus I did a quick google and found this

ASB Financing-Loan tenure
From 5 years up to maximum 35 years or 65 years of age (whichever is earlier)....from CIMB
https://www.cimbbank.com.my/en/personal/pro...-financing.html

more in google
MUM
post Jan 9 2020, 04:29 PM

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QUOTE(CuteSanSan @ Jan 9 2020, 04:21 PM)
Can I know which bank offers the lowest interest rate for ASB loan currently? Thanks.
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while waiting for responses,
you may want to read page 278, 279 for some posted rates for some idea
also in page 277, there is a mention of Tiered rate.....thus it depends on the amount to be borrowed too
MUM
post Jan 9 2020, 08:43 PM

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QUOTE(matdin07 @ Jan 9 2020, 07:52 PM)
Hi, I would like to apply for asbf. May I know what is the current rate for CIMB Bank ?
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are you looking for CIMB bank only?

if not, and are looking for cheapest one currently....try read 2 postsup
MUM
post Mar 9 2020, 09:14 AM

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QUOTE(oro102 @ Mar 9 2020, 09:01 AM)
That's what I thought
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some others also thought that too....until he posted to confirm as below

QUOTE(debonairs91 @ Mar 8 2020, 09:14 PM)
nope not typo. really 300k. if 200k where got can get 15k dividend...
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MUM
post Mar 9 2020, 10:22 AM

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QUOTE(debonairs91 @ Mar 9 2020, 10:17 AM)
Coz I took my third 100k loan early last year. So dividend is not for full 1 year...
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with this latest information,
so the pictures that you painted is not a complete one since the last few pages?
painting that depict the unworthiness about the total amount of holding versus the dividend amount received thus better use cash then loan?

or, or
you only realised after this?
QUOTE(buggie @ Mar 9 2020, 09:42 AM)
Well at least you've proven you know how to use a calculator. Later learn how to use your brain ok?

If 300k is 16.5k, how is it you only got 15k as per your previous post?
Additional dividen from his softcap. See he's actually a firm believer of this asbf. Hes just trolling here.
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This post has been edited by MUM: Mar 9 2020, 10:31 AM
MUM
post Mar 13 2020, 08:32 AM

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QUOTE(wild_card_my @ Mar 13 2020, 08:05 AM)
None. The problem isnt the banks not offering them. ASNB is simply not extending any certificates to the banks for financing. You can hardly get any units even when buying with cash for now
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Wow,.... Buying with cash also got no units....
How long has tis situation been happening?
Any idea if this situation is the same for non bumi fixed priced funds also are the same situation?
MUM
post Mar 31 2020, 11:37 AM

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QUOTE(Porie @ Mar 31 2020, 11:32 AM)
Next year will for sure reduce again due to covid19
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but then as posted earlier, there are still many wanted to go into it now too....
MUM
post May 11 2020, 08:24 PM

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QUOTE(sirhus @ May 11 2020, 08:08 PM)
Does anyone know when is the last date to settle e-filing for LHDN?
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this is ASB loan thread,
I think you posted at the wrong thread...
anyway, regarding your question...
you can try
post 6228, page 312
Income Tax Issues v4, Scope: e-BE and eB only
https://forum.lowyat.net/topic/3621012/+6220
MUM
post Jul 3 2020, 01:25 PM

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QUOTE(debonairs91 @ Jul 3 2020, 01:22 PM)
Since cancelling my asb loan I've put my money into myetf and pma. So far on track for 9-12% return per year. Once people open their eyes, they will see there are others giving way more return compared to asb.

If we're talking about asb loan it's even worse because you basically get 1% after deduct interest rate
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asb is RM 1 buy RM 1 sell wor
myetf and pma also got this features?

for ASB loan investors, this 1% returns after deduct interest rate is still "free" and secure money right?

This post has been edited by MUM: Jul 3 2020, 01:37 PM
MUM
post Jul 3 2020, 10:47 PM

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QUOTE(bisobona @ Jul 3 2020, 10:43 PM)
Need to hope in future blr not increase and asb dividend not going down.
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historically since inceptions many decades ago...dividend rate never has how many times does it goes below loan rate?.

yes, historically....but hmm.gif wondering what are the chances of the dividend rate be less than loan rate and for how many yrs will the dividend rate be less than loan rate?

even if it does, as pointed out below by Bora Prisoner,
QUOTE(Bora Prisoner @ Jul 4 2020, 09:39 AM)
Yes I think it happened again in 2007 or something like that. I cancelled my loan and just refinanced, no biggie.
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notworthy.gif notworthy.gif
thanks to Cubalagi & Bora for pointing out those incidences

This post has been edited by MUM: Jul 4 2020, 10:18 AM
MUM
post Jul 10 2020, 10:38 PM

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QUOTE(MrFay @ Jul 10 2020, 10:20 PM)
I know someone asked about this.. but what do you guys think about taking up personal loan to invest in ASB? Since this new revision of OPR..

Currently there is offer of fixed rate 2.85% personal loan from Pertama bank, and i'm thinking of getting it to invest in my soft cap..

Already maxed out my ASBF..
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read many previous postings abt personal loan...
they mentioned about flat rate of personal loan when converted to effective rate is about 1.7x higher...
thus will your ASB dividend be able to cover those interest rate charges?
MUM
post Jul 27 2020, 09:58 AM

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QUOTE(aleyna58 @ Jul 27 2020, 09:55 AM)
ASBF consider as commitment or income from bank view?
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how long has the ASBF been active?
MUM
post Jul 27 2020, 10:37 AM

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QUOTE(aleyna58 @ Jul 27 2020, 10:26 AM)
need your advise. i am planning to buy house but at the same time interested to apply ASBF.

which one should i do first, get housing loan approve the proceed with ASBF or vice versa
within 1st year, you need to commits monthly repayment to ASBF before the dividend can self repays and gives you some income, will that affect your DSR?
and which bank give better rate for now?
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MUM
post Jul 27 2020, 10:48 AM

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QUOTE(aleyna58 @ Jul 27 2020, 10:41 AM)
Hi MUM, thanks for reply. meaning i should go for housing loan 1st then only ASBF. i'm trying to get HOC2020 promo which will expire May21.

thus dont dare to affect anything to my DSR
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from
https://worldbizweek.com/asb-loan-financing/
2. Debt Service Ratio
Getting an ASB loan is no different from other loans. It will be reflected in your credit profile.

How much you can borrow from the banks depends largely on your debt service ratio. Probably you will have other financial goals like buying a new house or car sometime in the future.

Be sure that your debt service ratio allows you to get a housing or car loan after getting an ASB loan.

Of course, you still have the flexibility to cash out your ASB fund investment anytime to cater to your needs.
MUM
post Oct 4 2020, 08:36 PM

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QUOTE(iamtheone2020 @ Oct 4 2020, 07:28 PM)
Hi sifus, wanna ask if asb for kids lesa than 12 yrs old, once deposit cant withdraw till age of 12 is it?
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according to this....

Akaun Remaja is not allowed to redeem units until age 12 years old where the account will be converted to Akaun Dewasa.

https://www.maybank2u.com.my/maybank2u/mala...bumiputera.page?
MUM
post Sep 30 2021, 10:24 PM

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QUOTE(Joshua_0718 @ Sep 30 2021, 09:24 PM)
Any idea for loan financing for asb/asb2, is there such thing like full flexi like home loan?
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something like this?

ASB FLEXI LOAN
Purpose
ASB Flexi is a term loan to purchase ASB units with the choice to repay the loan (through
Flexi Cash scheme). This product is only offered at ...........
https://www.maybank2u.com.my/iwov-resources...-fl_tnc_eng.pdf
MUM
post Nov 3 2021, 07:29 PM

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QUOTE(john5449 @ Nov 3 2021, 05:40 PM)
Hi, may i ask:
1. Which bank(s) is offering ASB loan?
try this link to have some idea.
https://loanstreet.com.my/asb-loan

2. Is it same as personal loan just with lower rate?
looking at the published rate,...looks like you are right

3. Can non-Muslim apply?
YES, not necessary must be a Muslim....per mentioned in those link, All eligible ASB investors under ASNB guidelines who are between the ages of 18 and 65 years old.
Eligibility to Invest
https://www.asnb.com.my/asnbv2_5faq_EN.php

Thanks.
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MUM
post Dec 23 2021, 11:20 AM

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QUOTE(iamtheone2020 @ Dec 23 2021, 11:15 AM)
4.25 + 0.75 bonus . If bonus no limit then i would say its a decent one
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jfi, currently there had been postings/comments regarding this topic in
Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia
https://forum.lowyat.net/topic/4866563/+6400#entry103189478
MUM
post Feb 5 2022, 02:02 PM

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QUOTE(CounterRealm @ Feb 5 2022, 01:59 PM)
Just wondering if still worth to get bank loan to invest into asb despite the dividend they given out for asb 1 account this year. What do you guys think?
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i think, as long as the dividend rate is more than the interest rate charges.....then that is "free' money...
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