The amount credited today is utilizing the (unit boleh beli) only that's why half . I'm suppose to get 11k but the amount credited today is only 6kplus. My total loan asnb fund is rm203.500.00. Started the loan since 2018, almost 2 years already.

i would say that there are not much differences to last years when it takes between 2 weeks to 4 months for the cancellation. The bankers need to manually key in the cancellation application into the system first, and they always hate doing that

So far these are my clients' offers. I do not see any additional charges. All of them have reported paying only RM60 on top of their installment for the first month. As far as I know, only HLBB is reporting the 0.5% rate, other banks have yet to do so

I see. So their "effective" rate going to be 4.7% too. Just marketing gimmick I would say

1. No, the interest of 4.65% is based on the RM201,005. RM200,000 + RM1,000 (stamp duty) + RM5 (stamp duty on the stamp duty earlier since you are financing the stamp duty)

It is not complicated, but apparently HLBB is the only one doing this. I have yet to hear anything from other banks not-absorbing the 0.5% stamp duty fees. This is normal for personal loan financing, as well as other financing like mortgages and HP.

I spoke to a client from LHDN yesterday, and he wasn't away of any new rules regarding the stamp duty on ASBF, but it wasn't his area of purview, he will get back to me once he hear from his colleagues in the related (stamp duty) department

2. Onto your second question, this is no different from loading your insurances into the loan;

a. 4.75% and RM200,000 financing. After 5 years the loan balance is RM187,428
b. 4.65% and RM201,005 financing. After 5 years the loan balance is RM188,122

A difference of RM694, and HLBB would require insurance as well, even though minimal, as I was informed. It is your call, a good broker can do either bank and would not be partial to one, other than due to financial reasons. A banker obviously would be partial to his own bank products. 
ASB2 can intermittently have limited units. You have to try again another time. This is no different to how our non-bumiputra friends have to keep spamming the "buy" button when purchasing the quota-limited ASW etc. funds. They can only buy the units when there are people selling
You are correct. The operational hours of ASNB are Sunday to Friday, and they are closed on Saturday. It is as per I explained above.

I would not be surprised if you manage to purchase them in the later hours today. If not, try again on Monday. The ASB2 fund is not closed for new purchases indefinitely, at least not that I have heard of

It's all there bro... read the previous posts

It is difficult for fund managers to generate high returns the bigger their fund is

If there are no capping, the NAV would be much higher than what it already is

As for the ASB1 200k, you have the option of refinancing it at:

a. 4.65% plus RM1,005 as the stamp duty OR
b. 4.70% with only RM60 stamp duty

These two banks also allow you to choose a longer payment period with the longest being 40 years or until the age of 65

If you are going to hold this loan for a long time of about 3 years or so, it may be wiser to opt for the one with the lower interests compared to 4.80%. Keep in mind that you would be losing 1-month's worth distribution when you move to a new bank though, which should be covered by the aforementioned interest rate savings

http://www.bnm.gov.my/index.php?ch=en_pres...c=4980&lang=ens

OPR reduced to 2.75. Any effect on the ASB financing?

So effective rate asbf from cimb will be?

After OPR cut.

RHB - Max 40 years. BR 3.50% + 1.15% = 4.70%

CIMB - Max 30 years. BR 3.75% + 0.75% = 4.50%

Ambank - Max 35 years. BR 3.85% + 0.85% = 4.70% HOWEVER, Ambank has not change its BR rate, hence people who applied before the announcement will get BR of 3.60% + 0.85% = 4.45%

Hong Leong - Max 35 years. The spread was 0.87% before the cut, i check with the bank just now they say they have not receive any update yes. If the spread remains (but unlikely) they would have effective Ir of 4.50%

Best rate is now, effective rate of 4.45% for refinancing, longest tenure of 35 years till age of 65

This is HLBB's internal email that was just sent in today. You better be careful against sharing internal banking emails out in the open. No need to promote to this level, I had a feeling you were connected to HLBB and this confirms it

Another cut in OPR by Bank Negara. hum
Bank Negara lowers OPR by 25bps to 2.5%

BNM cuts OPR to 2.50% as Covid-19 weakens global economy