actually i'm interested to know about the wording for the bonus.

It says that for the 0.25 cent bonus, "now calculated using average minimum monthly balance for 12 months".

What does it mean?

I remember bonuses used to be calculated differently, right? Or all the while its like that?

Anyone care to enlighten?

yes before this it takes longer average into consideration...10 years liddat..so if u long term edi put in ASB more profit mang. now they revise to take 1 year only. so better la..haha

but old timers rugi lar..no advantage edi compared to noobs..hahah

okay, let's just take into consideration (just for the sake of calculation.

Let's say I have RM20,000 worth of units (as in 20,000 units anyway since RM1 = 1 unit, buy or sell)

So, does it mean

First 10,000 units x 7.25% + RM100 = RM 10725+ RM100

Then the second one would be

Subsequent units x 7.25% (in this case RM 10725)

so total = RM 21460 (up from RM20 000) initially?



Second question.

Let's say lah, Jan 1 2017 (not 2018), the account has 20,000 units. So the above calculation(s) should be correct.

Then let's say from Jan 1 2017 until Dec 2017, I have faithfully put in RM500 monthly.

So by the end of Dec (lets assume sempat before closing accounts etc.) I have 26,000 (since I put in RM500 monthly)

How does that calculate? Or no additional calculation, and therefore back to the 7.25% x 20000 units starting in January 2017?

Done pm bro.

1.2k per month if without saving will be a bit difficult. Just for a year till get the dividend. Use technique (dividen + income) to reduce the loan installment.

Edit

This post has been edited by haziqnet: Dec 22 2017, 01:53 PM

20,000 x 7.25% =rm 1,450 coz u got 20k from jan 17. bonus now calculated lowest balanace average for the year

fisrt 10k x 1%. so u get rm100.

total dividen is rm 1550 lor.





for 2nd question u have to calculate each month balance everytime u add up the rm500 coz its pro rated.

ayam cannot calculate coz now layan hnnngghhhh at kopitiam

Not sure for short term. Long term yes.

may i know the 10,000 units 1 sen bonus is RM100 or RM10? because bonus is calculated based on 120 months (10 years) basis. Only dividend is calculated on 12 months (yearly) basis. Therefore, the higher dividend we get the more $$ we earn but bonus have to look for long term, at least for 10 years later only can gain high bonus because it is based on cumulative.

This post has been edited by junclj: Dec 22 2017, 05:03 PM

dividend 20,000 x 0.07 = RM1,400
bonus 20,000/10 x 0.0025 = 5, then + last year cumulative total bonus, lets say bonus brought forward from last is 10. So in total RM15
special bonus first 10k = 10,000/10 x 0.01 = RM10

So, finally you will get RM1,425

this is the calculation, hope i won't get wrong about the special bonus 1sen for first 10,000 units
https://drive.google.com/open?id=0B73zOYexH...MnQwZUlKRXgxZW8

This post has been edited by junclj: Dec 22 2017, 05:18 PM

10k units equivalent to rm100. For 40years pnb anniversary.
Asnb just announced 0.25% calculated for 12months. Not like before for 120months.

Just take 7.25% for calculating your yearly dividend.

If u take loans, u can use pro rate

Pm me as well please. Also, which bank has the lowest rate now?

Thanks

Hey guys! Just to inform that our promo will be ending soon so do PM if interested! Thanks

No benefit. Instead your profit will be less. If u want to commit the loan only in short period of time dun apply with takaful. Long term ok but still not recommend to do so. Apply takaful with 3rd party is the best choice more benefits.

Thanks for the reply.

Hi,
Possible for us to refinance existing ASB loan?

EXP: Already pay 20pct of loan amount but want to refinance back to 200k?

Possible, but have to terminate first before reapplying.

Wrong.

Bonus is no longer calculated that way - both the bonus and the special bonus is just calculated on 1 year average, not 10 years average.

So just take your average yearly balance x 7.25% for the dividend and bonus.

For the special bonus, if you have more than 10k, then it’s just RM 100.

If less than 10k, then just whatever amount x 1%

Hi Guys

ASB2 still available for Loan ?

Hi bagok,

Yep ASB2 financing is available at Ambank @ 4.75%, applicable to 100k and above until the end of this month. No lock-in period and takaful is not compulsory. Processing fees will be waived as well.

Let me know if interested, thanks