You still need to transfer it out if you want 200k units max with a loan. However, the dividends you receive from the 200k will increase your future maximum limit, even if you transfer this dividend out. This it is possible to have more than 200k units, but it can only be done by compounding your dividends by leaving all the dividends in it year on year.

I may not be the best person to answer this being a mortgage broker, but I believe that the overdue does NOT effect your dividends received, because you still have the ASB units held under your name (although taken by the bank as your collateral to the loan that you took with them). As such, the dividends are still payable to the unit holder (you)

However, the 1 month overdue would have incurred extra interest and all of your future payments will be servicing this interest first before paying for the outstanding balance owed to the bank. It shouldn't be too much, but do check with the bank how much extra interest that you need to pay on top of the installments.

the 65 year old limit is it for a particular bank or all banks?

almost macam x berbaloi. but you have to take the good and the bad when it comes to investing in the market. if you invest directly in UT, the bad returns are in the negatives.. for ASB bad returns are still high 6%. Although when the economy is on the bull run, ASB kasi 7-8+% je... while UTs would be giving 20%+++ p.a.

Tepuk dompet tanya selera la

actually, since ASB is not transparent, we dont know how much they are making. it could be that during the good times PNB leaves the money they make in reserves for the bad times. If you look at the funds that ASB is invested, they are similar funds to those that other UTs are invested in... during the bear-run why does ASB still give dividends? i suspect it is from the reserved funds that they have....

as such, during bull-runs, they can't give too much.

Other UTs dont have such luxury, their net-asset-value is calculated on a daily basis at the end of the day

PNB guarantees its capital... in the event when even ASB is not giving dividends, barring bad governance, malaysia would be in deep crap, because ASB is invested in the blue chips. My ASB not giving dividends would be the least of my concern then

Existing effective rate, correct?

1. Best if you apply first, and then once you do get approval you can terminate the current one, which will take a few weeks to monts depending on MBB.

2. yeah, unfortunately you stand to lose 1/12 of the dividend declared for this year (to be declared next year) due to the minimum balance calculation of each month.

let me know if you are interested at 5% for 30 years.

Hi Haziq. Can you elaborate on the relevance of terminating in November to get the full dividend for the year, as oposed to doing it anytime during the year? Isn't the calculation for ASB dividend:



So if the ASB units are withdrawn in November, you would still lose out your returns for November. Likewise, if you withdraw the units now May, you would still lose out for this month because the minimum balance for the month of May would also be reduced, before it can be replenished by the new bank. The dividends are applied flat for the year for each month (dividend/12 * minimum balance for that month).

Did i get this wrong?

This post has been edited by wild_card_my: Jun 1 2018, 11:18 AM

But that would not have any bearing on the amount of dividend that you would receive by next year in January.

If you terminate in November, and the units are fully redeemed in December and replaced with new units deposited in December from a different bank... the monthly minimum balance for December would be zero

Likewise, if you did the replacement process in June, and the loan is fully terminated in July, and the units are fully redeemed in July, but replaced with new units deposited in July... the monthly minimum balance for July would also be zero

So... what is the relevance in terminating the loan only in November? You can do it anytime, now especially since there are so many promotions. Let me know if I got this wrong. About discussing with the officer in charge... well a lot of them are mistaken too, they are trained to sell, not really to understand the product

No lah. Each month's dividend is based on monthly minimum balance. So if you withdraw the money half way during a month... the dividend for that month would be RM0

Here is an example that I usually use with my (mortgage) clients when discussing ASB and ASB loans:

In this month of June, you currently have RM200k ASB loan with CIMB. last month in May, you decided to close the account with CIMB and get a new one with RHB.... On 1st June, CIMB closed your account, and fully redeemed the units in your ASB account... at this point, your ASB balance is RM0 correct? 10 days later, on the 11th of June, RHB deposited RM200k into your ASB account... making your current balance as of 11th of june at RM200k.

But what is your minimum balance for the month of June? RM0 lah, because for those 10 days, your balance was RM0.

So if the dividend is declared at 8% for this year... your dividend for the month of June is 8%/12 x RM0 = RM0

This post has been edited by wild_card_my: Jun 1 2018, 11:36 AM

Unless it is for a mortgage application, I do not see the relevance. For mortgages, the dividend received matters quite a bit, because you can use the dividend to "counter" the commitments that come with the ASB loan...

So if you are planning to apply for a mortgage, it may be somewhat wise to plan ahead, that is to redeeem the units next year, and not this year so your dividend received in January of next year would be maxed up

otherwise, it is a futile process, especially if there is a pretty good promotion going on right now that you are letting go just to do this "planning" which may not amount to anything

Plug: if anyone wants to do ASB loan can as me for the full details. I can explain top to bottom as much as I can do the same for mortagages, if not better (because ASB is so straight forward!)

No problem mate, we help each other. Market is so big, we are like in a group of like-minded people fighting for proper financial planning and filling our pockets at the same time hehehehe


This post has been edited by wild_card_my: Jun 1 2018, 11:57 AM

Correct, because there is no money in the account for the month of September, then obviously no dividend.

but even in the event money is deposited into the account later in September... there is still no dividend pay out for that month because the monthly minimum balance for that month has already reached zero at one point.

If explain in person lagi senang.. someone ought to do a video on this la

That is correct. as long as the asb units are redeemed and redeposited (by the new bank) in the same month, you only lose 1 month's worth of dividend...

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

In general you are asking about flexi-facility. Yes, it applies to other banks namely CIMB as well. I need to check with RHB's though.

KL. but I can be anywhere if you know what I mean

Yes it is true. I have helped many forummer get those rates. Catch is that the min amount is rm50k

I am NOT from maybank, but I am a broker for mortgage and ASB and can probably help you with your questions

all you have to know:

1. dividend vs interest rates
2. cashflow OK? good. proceed


Just kidding. past 169 pages cover the same things.. good luck

I can help with MBB and CIMB, it is 4.9% (promo extended) and 5.05% respectively.