What bank got 30 years asb loan tenure ? I go few banks max is 20 years

Yes. I can help it at 4.9% p.a

I thought ASB2 financing or topup isn't available at the moment.. Or just released?

Compulsory?
Never heard that. We cant opt not to take the takaful?

It is.

As per the examples I have shown above... that is the difference of about 0.55% and 0.7%. For every 0.1%, every RM100,000 loan, you are gifting RM100 a year to the bank.

So imagine in the first year, your loan outstanding is RM200,000, the difference between your current rate and the new rate is 0.7%, you are easily losing RM1,400 just because of in action. And that is just for the first year, this repeats all the way (with reducing amount of outstanding) for the next 30 years

Current best rate with takaful is 4.85%, and without takaful is 4.9%

Let me know if any of you guys would like to make changes to your current ASB financing

1 month's worth if you time it right.

Dividend loss: 200k * 1/12 * 7% = RM1166.67

Interest saved due to no disbursement during the same period: 200k * 1/12 * 4.9% = RM816.67

The difference is RM350

How much is the difference between 4.9% and say, 5.2% on a yearly basis again? And that repeats every year for the next 25, 30 years. You can do the numbers.

Normally for CIMB we had linked with CASA for auto debit purpose.  So for those who like to do rolling, no need to withdraw every month from asb account  coz it's quite "leceh" I agree.

What u can do is withdraw the total installment for one year example: rm270 x 12 = rm3240, and put it into your CASA and let the bank do their job by deducting monthly. 😉

The problem with TH is that their recent dividend (including bonus) is kind of low to begin with and it gets lower once your savings exceeding the 10K threshold. But i do agree with you on the convenient part. ASNB should make it easier for withdrawal the same way the TH does.

you can claim tax credit for zakat. so much more worth it in terms of money if you are good with simple accounting. for simple no hassle, you can just go for tabung haji of course.

1. You need to pay zakat on ASB, be it the dividend, the balance of the dividend after rolling, and the balance itself (zakat harta). But I have to clarify that I am not a tax nor zakat agent so I am not going to delve too much into this. There are resources online that you can read on how to calculate zakat on the ASB income

2. Assuming that you have calculated your zakat-payable made on these income from ASB, and have paid your due to registered zakat collection agents (for example, Zakat Selangor), you can use the receipt to claim your rebate during tax filing. 

https://www.thestar.com.my/news/nation/2012...-who-pay-zakat/
http://www.hasil.gov.my/pdf/pdfam/mingguan...ak_28072013.pdf
I guess some people do not pay zakat on their dividend and/or savings.      Maybe we should do something about it. Like kempen "kesedaran".

Hi all, sorry if this slightly off topic.

Have any1 did a comparison, for a Muslim case that need to pay zakat on ASB, how is ASB AFTER zakat compares to TH

Which one is better for this low risk investment.

Assume ASB tu our own cash lah. Because if ASB loan, ada pendapat lain pula.

So let says put 100k own cash money in TH vs ASB, which one performs better.

Yes betul.

That is the most profitable way of doing ASB loan. That is to pay the installment and not rolling it

Well these are 2 separate matters that you are proposing

1. ASB 1 rolling
2. ASB 2 pay as usual

If you have paid both as usual, you would end up with more money, provided conditions remain the same (i.e 7% return over the next 30 years, and ~4.9% rate).

Put it this way, you may make more money in the end by:

1. ASB 1 pay as usual (RM1058/m)
2. ASB 2 pay as usual (RM1058/m)

I can do the math, if anyone is interested.

I fully understood what you meant. But you are talking about 2 different accounts. You are confusing yourself. It would be simpler if you just compare these 2 options:

1. Option 1, using normal method for ASB1 financing

2. Option 2, using normal method for ASB1 financing, then using rolling to pay for the ASB2 financing

To solve this all you have to do is to determine what is more beneficial? To finance ASB2 and use rolling method VS not doing anything at all?

Whats the best financial strategy/advice for a fresh grad teacher with 3k salary to be able to buy a house at the shortest period of time and also asb as side income?

The teacher doesnt have child yet, no ptptn loan, also free accomodation at teachers quaters, own car fully paid. So expenses is at minimum.

Tq