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

off topic a bit.

later once 13 years u reached 7 digits, here comes the dilemma.

what's 1m worth in 13 years?

I also haven't done the math either. Mainly because for ASB it is no longer an option for me. I'm on ASB 400k loan. I wanted to refinance a few years back but the bank told me that I could only reapply 200k and not the 400k that i was already on due to the PNB ceiling cap. So i opted to keep the 400k loan. So this will be it till the end for this loan. no more refinancing

ASB2f is a different story. Took it about 4 years ago and it's usually just about the time i would refinance. But I can only apply to 65 years old and with my next birthday being 44, I'm only eligible for 21years. I reckon at the current interest rate and 21 years tenure, the repayments should be about 1400?? i think so.

rough calculation at 1400 a month, this would cost me 16800 per year
ASB2 current amount is 253k (200k sijil + 53k dividend) therefore next dividend will be:-
1st year 16.4k
2nd year 17.5k
18.6k
19.8k
21.1k
etc...

So if i'm ever gonna do it, it'll probably for the ammortised kickbacks of about 10k which I know I won't reinvest. It'll probably be spent as a reward as per all those times before.

I think i'm due a little reward so i might just do it!

Could you give me a more detailed calculation? especially on the monthly repayments. Thanks bro

Ah mann wanted to buy some asb2 units but there isnt anymore units available.
What to do with my spare cash now...
asm? Asb is full

can take out 50k ASBF. because your ASB limit already 250k. If i were u, would take out 200k from ASB and 200k from ASB2 put in ASB3. Take 200k ASBF and ASB2F.     

4.85% is currently the best rate in the market. For every 0.1%, on a loan out standing of RM100,000, you are paying RM100 a year to the bank as interest. If you can save 0.5%, at RM200k outstanding you are saying RM1,000 a year (it gets reduced over the years as you pay your installments)

The calculation is much more complex than that, which I have shared on one of the many investment threads out in /k/, but the idea is that you are losing money each day your interest is higher than it could be. The refinancing process has these costs though:

1. RM60 for endorsement by ASNB and stamping
2. Opportunity costs, you would lose 1 month's dividend

4.90 and some commission from the banker

I didnt bother with this because taking 200k ASB2f is a better deal.

Guys, for maybank, if i want to terminate my loan, do i have to bring my loan documents? Coz I'm not sure where i kept it.. 😋

Hi,
I've recently opened ASB account and obtained ASBF 200k from RHB (4.9%) without insurance and paying 1061/mo for 30 years tenure. I will be doing compounding method.
there are some questions that I'd like to ask:
1. How do i achieve highest ROI? and what is OPM?
2. I have read in this thread that I should terminate and re apply 200k ASBF every 3 years. but, is 3 years is really the "most optimal" period? im not sure how that is calculated.. how do i even compare to terminating it in 2nd year, or terminating it in 5th year.. to see which is more profitable...
3. I have additional bullets from my salary to pay for monthly commitment on additional 200k ASBF, 30 years tenure. (another RM1k/mo commitment). what's the best option to utilize this bullet? ASBF proxy? wait for ASB2F? everymonth saving into ASB2 acc?
<problem with myASNB website>
4. I have tried to Register in myASNB website using my IC, and when the website says it has sent TAC code. Problem is, I dont receive the TAC code on my phone. I've tried everyday for the past 2 weeks. I've went to RHB counter (ASB Agent) to ensure my phone number is correct. anything else i can do here?

a little shy for now.

but bro, since you've been nice - I share a little tip for you (but maybe you already know this!)

People our age cannot simply refresh our ASBf loan (because cannot get max tenure).

I wrote to the bank for a reduction to the interest rate to my loans, they approved 

They never approved before this when I was below 35 years old!

That's what I'm saying. There's no way taking loan is better in this kind of case. You'd be surprised to know how many people are that privileged

I see... could it be almost double?
ok let say I do it using Personal Loan? any bad output that it may cause?
Sorry if my question is a bit stupid and impractical, but Im just asking for the sake of knowledge and maximizing my potential investment anywhere I can...

This is what I predict:


1. for those who already have signed up with the bank, wil enjoy lower rates going forward due to the locked-in [spread], and reduced BR
2. for new application, the banks will adjust the [spread] so the margin is bigger, and the effective rate would be siilar to how it is now ~ around 4.85%

I agree. Given that it is currently inpossible to finance ASB3 anyway, that discussion is a little off topic.

Is it true HLB ran out of quota for asb

Hi sifus,

My friend told me he is offered a MBB ASB1 loan with IBR + 1.85 = 4.85% for a 200k loan. I checked mine (loan coming into 5th year already) and Im paying IBR + 2 = 5%. Searched through forums and found out the 4.85% has been given for some time already since last year. Super sad cos the difference is like RM390 a year for a 200k loan.

Went to the branch where I made the loan and was told to fill an appeal form to reduce my profit rate. 4 days later, rejection letter came. I have a feeling MBB wants me to refinance. My question is:

1. Is it tedious to refinance? I have accumulated dividends in ASB1 and will I have to withdraw them all when MBB put a fresh 200k sijil? I prefer not to as very hard to find safe passive investment with high return like ASB. Also, what will happen to my takaful cert when I refinance? Will i get the remaining premiums back (loan for 25 years, so 20 years unused premium paid should be refunded right)?

2. Any other banks offering better rates than MBB of 4.85? Im working in a statutory body (so govt right?) and I think my credit score is ok (never missed payment).

Really tawar hati with MBB already Thanks in advance sifus

On the contrary, in this loan vehicle tenure is your friend. The longer the better. You wanna be at max tenure at all times. So say after 3 years when you have 27 years left to pay... When you refinance, you wanna take back the max tenure of 30 years. The goal here is to minimize the monthly payment to as low as possible. Why? Because this loan has no penalty and can terminate anytime.

To recap, you should opt to maximize the tenure... Not minimize. Settling the loan is NEVER on the agenda.

kene guna duit sendiri bayar loan.

contoh kalau ada RM200,000 dlm ASB sekarang.

so dividend dapat nanti cuma RM11,000. tapi bulan kena bayar RM1226 x12 = RM14,712.

So lagi, 3,712 kena guna duit sendiri.

Just walk into the branch and ask for a cancellation