Can you advise which bank is this? I asked my banker in CIMB and she doesnt have any clue about this switching thingy.

Any idea on next asb dividen?
Seem like loan interest getting low these days, 4.8%. Last year lowest is at 5% iinm.

Hopefully the asb dividen is higher la

Whats the difference between ASB and Unit Trust?

We know UT can give return up to 8-12% annually right, so if those who has lots of cash, advisable to invest in Unit Trust as well?

I terminated my ASB loan from maybank and reapplied again with a lower interest rate two weeks ago. Loan approved but yet to disburse, can I cancel? Any penalty fees? I didn't have a copy of my application form so had no idea...

the best offer i got so far is

4.8%
no takaful/insuran
lock in period 1year

CASHBACK 0.3% (from loan amount)
   

For the 10 years subsequent to the 20yr loan you get the full profit so I think the return for a shorter loan is good as well or perhaps better than longer tenure since you pay lesser interest.

just asking if 200k loan, better we stop at 3rd year or extend until 7th year? in a way that still afford to pay monthly loan

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

worth or not?

How much would i save if i change my current asb loan 5% to ambank asb 4.75% loan?

My current loan left about RM190k (Which includes Takaful Insurance RM8k).

Because when you do it the financing way, you can earn more compared to invest with your own cash. Keyword "leverage" 

In case you interested to apply with CIMB bank, feel free to let me know.

If you want to take percentage difference, it can't be do it in that way. And I don't prefer to calculate in that way too cause it can be quite confusing.

Dont reduce the loan. Better to put in ASB2. Because you'll earns both dividend

You earn 1% - 2% with loan. But get 7.25% with your own cash.

say ASBf : 2%
+
ASB2 (cash): 6.25% (or something)
=
8.25%

Compared to all in ASB (cash): 7.25% .. That's 1% difference. Hmm..
Thanks, but I already max my loan.

1% difference not enough to make the call.
Once your committed to ASB/ ASB2 loans, your opportunity cost is mortgage/ personal/ car loan.

I will inform more regarding this later. But for your info the increment of the rates will not effect too much. The key for asbf is to save and gain money more than ASB saving. If u understand this u wont feel burden about it.

OPR is increase because the economy is good. Its needed so our economy will maintain its positive growth. The bright side of it, when the economy is gud, most funds also will do well. When this happen we might see the increment of dividend this year for ASBF.

Just think it like this. U might pay 0.25% more but u also will profit 0.25% more.

If u have 200k asb let say now u earn 14k (7%) and next year u earn 14.6k (7.25%) this is not include the bonus. Usually when the economy is good the bonus also will be increase. So just wait and see guys.

No need to worry a lot. Thats why i always advice u guys make asbf with the installment amount u can afford. At least for the 1st year. Later when u get the dividend u can use the money to apply another loan. And also if u dun have much knowledge about asbf seek for someone who can give u the knowledge. It will help u more in longterm.

Back in 2000, 2k may be worth more than the 2k in 2018. But still.... not that much of a difference. Can still make it if you really put your mind and effort into it.

Alhamdullilah that first 200k loan was left in there to compound and now 18 years later I've upgraded to 600k ASB loan (400k ASBf (it was possible then) & 200k ASB2f) and earning dividends on almost 1M thanks to the power of OPM. All this from pure ASB growth and strategies. It is possible thru systematic execution of the strategies and techniques prescribed by this forum and another forum

I'm no uncle yet, I tossed in the part about living because I know a few uncles and aunties who have a ton of money but no adequate health or desires to spend it on experiences. Cuz in the end, that's what truly matters as one ages.

Not many of us can do delayed gratification. It can be hard to see pals on social media with the latest cars or trips abroad... We want the same to. Just do it without breaking the bank and have a financial safety net.

All the money in the world now but no one to go travel with and no one to shower gifts to.... Didn't get to enjoy life as he clocks out at 10 and even comes in on the weekends. In the end take his money to the grave with him...

On the other side of the spectrum... No need to go far... My office plenty of support staff earning 2500 a month for the last 10 years and yet still have the iPhone X...

Now at 60 years old, lining for food and clothes handouts. The future looks bleak for them and shatter to think what it'll be like when they need medical care

However dun take this as serious matter because the loan tenure will change back if the OPR is goes down again.

Hi, I would like ask if anyone here with the same figures as mine: I applied for 200k loan but the outstanding balance is 500k+++

Is it ok if friend of mine who is not bumi, pump money to my asb acc then the dividen share 20:80?
She got the 80%..