i apply home loan and to increase my chance to secure the loan...only rhb, cimb, maybank and ambank are considering dividend from asb loan as an income to offset monthly payment. others bank are not.

Hi, i plan to make asb loan this december. may i know is the interest same with all bank ? which bank the best to make asb loan ? planning for 70k loan, its not much but this is all i can for now  .

Nothing free in this world bro. By loaning from banks, yes you are enjoying compounding interest, also good feeling of having 5 to 6 figures of ASB units and so on but it is not all yours,  you get some of yours and banks get theirs. Banks making money out of you till you finish paying their money back.

Please take note that most (i think all)ASB loan come with BLR base interest rate. Just imagine if BLR is sky rocketed  to 8%. Is it still possible to be covered by your yearly ASB dividend? We are not talking about total economical collapse here. Moreover the dividend rate is never guaranteed.

After all it is about discipline, as I said earlier, if you can pay your debt consistently why can't you do that for your own savings? It is far more profitable and some more offers peace of mind without any commitment to the bank.

i heard it will be on 17th nov...visit ur nearest maybank...heard the offer is quite good..blr-2%...

currently, ive LASB 280k( mixed loan between maybank and islamic, 3 cert total)...all my cash have been transferred to my daughter...max can only invest 50k(akaun remaja)

my wife also have maxed LASB 200k cimb...

look forward for LASB2

It is not even 1 year yet. You will have to wait until aprol next year for the answer . My guess the yield would be sligthly higher than as1m, maybe 6.8 to 7%.

asb just announce the dividen 7.5 and bonus 1 for 2014.

the loan i took now rm200k, after BLR increase, installment become RM1232

means, 12 month x Rm 1232 = RM 14784

asb dividen, Rm200k x 7.5 = RM 15000

and i only get Rm216 only ??

i might cancel the maybank asb loan, anyone can advise who can give better rate?

Just a gentle reminder to you lots that if you are planning to buy a house withing 2 years, refrain from getting the ASB loan.

The ASB loan will be recorded in your CCRIS as are other loans, and it will be calculated as part of your personal commitments. As such, for most people it is either buying a house with a loan or buying 200k ASB units with a loan, however, you cannot LIVE in the ASB can you? ANd you still need a house and you will continue renting.

I'm honestly tired of seeing clients who couldn't make it for their mortgage due to their ignorance on this little fact. ASB loan agents like we have in this thread will only talk about profits/returns and interest rates but never really care about your financial security as a whole.

Let me share you something. Someone might already know some may not...

Ok how asb financing make profit?

1st from dividen
2nd from prinsipal

Let say u are applying 200,000 financing earlier 2016 than terminate it earlier 2017

Monthly = 1100
Bank rate = 5.2%
Duration = 30 years
Dividen 2016 = 6.75%

Profit from dividend

200k x 6.75% = 13,500 (a)

Than principal by ammortization ur balance left 197,154 so 200,000 - 197,154 = 2846 (b)

Total earning (a)+(b) = 16,346©

Ok now calculate your net profit
(Total earning - capital)

1100 x 12 = 13,200 (d)

©-(d) = (e)

16,346 - 13,200 = 3146 (net profit)

ROI (net profit/capital x 100

(e)/(d) x 100 = (f)

3146/13,200 x 100 = 23.83%

I want to ask you is there any low risk investment out there that can give you ROI (23.83%) in 1 year?

If you do ASB saving how much at least of dividend you must get to have this much of profit?

Please do remind asb financing is the best tool that u can use as force saving. If u r saving by yourself im prettry sure you cant hold that money from being used when u really need it.

So please do asb financing with knowledge. You only see asb dividend is getting less years by years and are not profit. Its wrong. Still profit but less.

Investment will have time it go low and then go up again.

Thats all.

Any question pm me.

1. Most people can't commit to large monthly payment. If you can pay 200k loan in 10 years comfortably, then go for it. For asb, it is more profitable to loan 200k for 30 years than 20k for 10 years due to compounding dividend (provided u no touch dividend)

2. Not sure why ppl do this. You are right that it id better to fully pay off your loan.

3. You can apply now and request them to start the loan on feb/march/april. Up to you .