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 ASB loan, worth to get it???

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ak.hazwan
post Nov 23 2011, 05:31 AM

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QUOTE(shain87 @ Nov 22 2011, 07:52 PM)
which one is a best method to make sure we get the good profit from asb.
1) make a personal loan with bank and put all the money to asb acc
2) make a asb loan at any bank that offer for this loan.
*
ASB loan BLR -1.65% = 6.6-1.65 = 4.95%
Loan, maybe Shain woks in Gov, so cheapest 3.98% (CIMB) but this one careful, cannot early settlement or pay 5% penalty.

However, if u check the schedule, Personal loan will cost u higher bcoz its Monthly rest/year;y rest interest basis, whereas ASB loan in on daily/monthlt basis (i dub hav accurate info)

In conclusion, just take ASB loan, will profit u higher, tarak kacau ur payslip, eazy approval.
Protagonist
post Nov 29 2011, 12:25 AM

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QUOTE(shain87 @ Nov 22 2011, 07:52 PM)
which one is a best method to make sure we get the good profit from asb.
1) make a personal loan with bank and put all the money to asb acc
2) make a asb loan at any bank that offer for this loan.
*
Number 2 I think.
You know better than me. nod.gif
FieldEngineer
post Nov 29 2011, 03:55 PM

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QUOTE(ding_dong @ Apr 6 2008, 01:34 PM)
intresting that maybank and RHB offer a ASB loan

interest around 6++ and ASB reture around 7-8%

is it worth to take it???

which one better RHB or Maybank???
*
Not 6++. But 6-1.4 =4.6++ %
LOGIN
post Dec 7 2011, 10:53 PM

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I take out my money from ASB and put into Bank Rakyat share.
Hoping next year for 15% dividend in return as previous.

ASB for 2010 is 7.5%, the dividend getting low and lower almost the same percentage given to ASN 6%
potenza10
post Dec 7 2011, 11:28 PM

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have u taken any asb loan?
hewittsteven
post Dec 8 2011, 01:27 PM

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QUOTE(LOGIN @ Dec 7 2011, 10:53 PM)
I take out my money from ASB and put into Bank Rakyat share.
Hoping next year for 15% dividend in return as previous.

ASB for 2010 is 7.5%, the dividend getting low and lower almost the same percentage given to ASN 6%
*
Bank Rakyat Share currently allow maximum RM 500 top up and new account also maximum RM500..

As i only able to put RM500. I also request for another 20k but until now not receive any new from Bank Rakyat sad.gif
LOGIN
post Dec 9 2011, 01:52 AM

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QUOTE(potenza10 @ Dec 7 2011, 11:28 PM)
have u taken any asb loan?
*
no.

Added on December 9, 2011, 1:57 am
QUOTE(hewittsteven @ Dec 8 2011, 01:27 PM)
Bank Rakyat Share currently allow maximum RM 500 top up and new account also maximum RM500.. 

As i only able to put RM500. I also request for another 20k but until now not receive any new from Bank Rakyat sad.gif
*
ya... bit sad cause they put limits. i got around 20k inside. cannot add more. dang! today got visit from allianze malaysia offer fixed rated up to 24%.... like in dream only. anyone know bout this?

This post has been edited by LOGIN: Dec 9 2011, 01:57 AM
popice2u
post Dec 16 2011, 09:07 PM

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24% sure or not?
cheahcw2003
post Dec 16 2011, 11:25 PM

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QUOTE(hewittsteven @ Dec 8 2011, 01:27 PM)
Bank Rakyat Share currently allow maximum RM 500 top up and new account also maximum RM500.. 

As i only able to put RM500. I also request for another 20k but until now not receive any new from Bank Rakyat sad.gif
*
what is the max limit one can buy Bank Rakyat's shares?
hewittsteven
post Dec 18 2011, 02:12 AM

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QUOTE(cheahcw2003 @ Dec 16 2011, 11:25 PM)
what is the max limit one can buy Bank Rakyat's shares?
*
I also not quite sure about it, but the quata for new and old customer only able to deposit maximum rm 500. Those who having more then 20k in their acount, is usually from their super old customer or first buyer of their share. As from what i know, bank rakyat share last time is not a popular share, no ppl want it, haha!!! But now different. The bank rakyat actually stop issue their share quite long time ago. Just this year they launch it back, but with limit per person:-)

We can also try bank persatuan share right? I still study on it, my friend told me they pay quite nice dividen. How true is that i kinda not so sure.. But for me ASB still the best...anytime can sell it or buy it... Max 200k


Sorry about my language :-)

Added on December 18, 2011, 2:18 am
QUOTE(LOGIN @ Dec 9 2011, 01:52 AM)
no.

Added on December 9, 2011, 1:57 am

ya... bit sad cause they put limits. i got around 20k inside. cannot add more. dang! today got visit from allianze malaysia offer fixed rated up to 24%.... like in dream only. anyone know bout this?
*
Ya is it.lucky you able to put so much inside..... Wow 24%... It too good to be true :-) beware of scam my friend.... :-P


This post has been edited by hewittsteven: Dec 18 2011, 02:18 AM
nxsia
post Dec 18 2011, 03:15 AM

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QUOTE(hewittsteven @ Dec 18 2011, 02:12 AM)
I also not quite sure about it, but the quata for new and old customer only able to deposit maximum rm 500. Those who having more then 20k in their acount, is usually from their super old customer or first buyer of their share. As from what i know, bank rakyat share last time is not a popular share, no ppl want it, haha!!! But now different. The bank rakyat actually stop issue their share quite long time ago. Just this year they launch it back, but with limit per person:-)

We can also try bank persatuan share right? I still study on it, my friend told me they pay quite nice dividen. How true is that i kinda not so sure.. But for me ASB still the best...anytime can sell it or buy it... Max 200k
Sorry about my language :-)

Added on December 18, 2011, 2:18 am

Ya is it.lucky you able to put so much inside..... Wow 24%... It too good to be true :-) beware of scam my friend.... :-P
*
bank persatuan 6% last year
blackhat_87
post Dec 18 2011, 04:43 PM

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Now is almost end of the year 2011.Any suggestion when can I check & collect my dividen? thumbup.gif
MilesAndMore
post Dec 18 2011, 09:39 PM

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QUOTE(blackhat_87 @ Dec 18 2011, 04:43 PM)
Now is almost end of the year 2011.Any suggestion when can I check & collect my dividen? thumbup.gif
*
For ASB, on 3/1/2012.
ayil
post Dec 19 2011, 03:19 AM

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Want to share something about ASB loan, for me the calculations are very
simple. Based on my experience, I took maybank 80k, RHB 80k. These are
what I've been doing for 1 year++.

QUOTE
Bank: Maybank - Amount Loan : RM80,000.00
20 years tenure / Monthly repayment - RM470.00
RM470 x 12 months (1 year) = RM5,640.00
RM470 x 240 months (20 years) = RM112,800.00
Total Interest: RM32,800.00

Dividend  (if let say 8% whole 20 years) :-
Yearly = RM80,000.00 x 8% = RM6,400.00

Total Dividend :-
RM6,400 x 20 years = RM128,000.00

Total Profit (after 20 years and if you take out the dividen) :-
We earned RM15,200.00 and RM80,000.00 inside our ASB.

Result / Conclusion :-
1st year = monthly repayment was painful for me, but after I got the dividend,
I've settled all 2nd year re-payment. This method will be continue for the
remaining re-payment for the next 18-19 years.
QUOTE
Bank: RHB - Amount Loan : RM80,000.00
20 years tenure / Monthly repayment - RM534.00
RM534 x 12 months (1 year) = RM6,408.00
RM534 x 204 months (17 years) = RM108,936.00
Total Interest: RM28,936.00

Why 17 years only? Haaaaa.... There's one HUGE different between
RBH vs Maybank, RHB offered me, FIRST 3 YEAR I don't have to pay
any single cent. Therefore, my yearly interest starts on the 4th year.

Dividend  (if let say 8% whole 20 years) :-
See below calculation.

Nice? Think about it, the 1st 3 years you never touch the asb dividend.
1st year: RM80,000.00 + RM6,400.00 = RM86,400.00
2nd year: RM86,400.00 + RM6,912.00 = RM93,312.00
3rd year: RM93,312.00 + RM7,465.00 = RM100,777.00
4th year (when you need to pay RM6,408.00 yearly) : RM100,777 + RM8,062.00

January on the 4th year, you'll received RM8,062.00 as your yearly dividend.
RM8,062.00 - RM6,408.00 = Earned RM1,654.00

Total Profit (after 17 years and if you take out the dividen)  :-
We earned RM28,188.00 and RM100,777.00 inside our ASB.

Result / Conclusion :-
It's a very good deal BUT we must be very patient with this plan. Not involving
any personal money. Yeah, it's like FOC service. Hehe.
Btw, I took their service when they did a promotion, hence interest might be
higher/lower than certain people now. Depends on the bank rate on that time.
Age range below 25 years old better go for ASB loan. Less liquidity. Actually
it's very subjective, certain people will take out the dividend, certain people
just let it grow inside account. Dizzy, to many calculation i did since 2AM, for
house, car, asb, gold, silver and so on. Error may occur tongue.gif

Im not a good adviser, you may go to the bank to ask for a consultant.

This post has been edited by ayil: Dec 19 2011, 04:58 AM
OneBuck
post Dec 20 2011, 12:12 PM

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Is it true that only maybank offer Islamic loan for ASB, other than that is conventional loan?
ak.hazwan
post Dec 20 2011, 05:38 PM

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QUOTE(OneBuck @ Dec 20 2011, 12:12 PM)
Is it true that only maybank offer Islamic loan for ASB, other than that is conventional loan?
*
Yes Only Maybank Islamic Provide ASBLoan islamic. but temporary STOP. Currently. Dunno when will start back~~
Sifha238
post Dec 21 2011, 12:51 PM

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Now everytime you go to Maybank to open ASB account the salesperson will push you really hard until you agree to take this loan shakehead.gif
solemn_86
post Dec 21 2011, 02:07 PM

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If you don't want to make ASB loan, never, ever mention ASB while you're in the bank
bursalchemy
post Dec 21 2011, 10:44 PM

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QUOTE(ak.hazwan @ Dec 20 2011, 05:38 PM)
Yes Only Maybank Islamic Provide ASBLoan islamic. but temporary STOP. Currently. Dunno when will start back~~
*
what are the benefit taking ASB islamic loan?
OneBuck
post Dec 22 2011, 10:57 AM

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[quotebursalchemy,Dec 21 2011, 10:44 PM]
what are the benefit taking ASB islamic loan?
*

[/quote]

For me shariah compliance.
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