Make bank!!.... 

Bro share some tips on pls on utilizing asbf investment. Baru nak up Ni n sama up..hehe

currently  my asb is at 5% . 200 for asb 1( 25 years) , 50 for asb 2 ( 15 year)

called MBB said if wan reduce to 4.8. need to cancel the loan and start from 200k/ 50.

but at the same time i choose to get longer repayment period which mean lower monthly payment.

is this a wise move?

asb1 about 5 year  and asb2 about 3 year into the loan already.

Hi guys, recently I acquired 80k from inheritance. currently all parked in ASB while deciding what to do with it.

I'm planning to apply for max ASB loan, let the dividend compounds & cancel loan after >3 years, then repeat.

Initially I was thinking of taking 15 years loan for 200k just for the sake of paying less interest, but after playing around with ammortization table (20 & 30 years), I realized the ROI % when cancelling for longer tenure is higher. e.g. dividend + principal gained - money out.

Here's my plan:

Apply loan 200k for ASB1 & ASB2. Park my 80k (to pay monthly instalments) in Tabung Haji. Transfer manually every month from TH to loan. This way I'll get dividend from ASB1, ASB2 & TH (but cash in TH will get eventually gets lower when loan is paid monthly).

Based on current rate, I should first apply ASB loan RM200k for 33 years (this year age 32) from banks that could offer ~4.5% interest, without insurance (or lowest insurance/takaful), without lock-in period and RM60 loan fee (or all banks have started 0.5% stamp duty?).

1. For the second loan RM200k, ASB2 financing still available? I read around and some said this is not available anymore. If this is not available or not a good choice, which way should I go for?
a) apply ASB1 RM200k loan under my child's name
b) apply ASB1 RM200k loan with joint loan under my wife's name

2. If I successfully managed to apply for both RM200k + RM200k (400k) loan, my debt service ratio will be at 44% using gross salary. Will there be an issue to apply for other loans in the future? (currently have 1 house mortgage & 1 car loan)

Mitigation plan if I suddenly need higher monthly cash flow, turn to hybrid mode (ASB2 dividend to pay for ASB1 installment) or worse case just cancel both loans.

Correct me if I'm wrong but your repayments are fixed whereas the dividend will always increase over time as long as you don't touch it. Essentially at some point even if the dividend is lower than the loan installment at the start considering the economy in the near future, you'll still make money in the long run

but you get more if you save your own money instead of taking loan.

If your discipline is excellent, yes we can do it with your way. However, for someone who can't stand against free money in your bank, then its different story.

agreed. in the end discipline is most important

shown so many times dy before. use search function please

Hi all,

Could someone help out a clueless soul here? Last year I've made a ASB loan and this will be my 1 year in. So if I want to use the dividend rolling method, I should just leave it right?

I also did an auto debit via CIMB,now will the auto debit stop once the one year is completed or do I need to manually cancel the auto debit?

Asb dividend 5.5%
Asb loan interest 4.5%
Your net dividend 1%
Compared to fd 4%

Dont take loan guys. Much better to save own money

not worth loan, better cash

Ingat semua orang lahir2 dah ada 200k?

If got 200k cash in hand, go ahead la. Until now still no understand this simple concept. Peasant like us have no capital, ASB loan is the best way to help get the early capital to maximize the dividend. If you already have the capital, of course asb cash better.

which bank?
I saw BSN website, BR + 0.85%. And their BR is 3.35%, I think. So, that's 4.2%?
I've never taken any loans so I'm not sure if my logic is correct.

Stamp duty - have to pay regardless of the bank?

and the interest rate cannot be negotiated? If you're a premier banking customer, can get a lower interest rate loan?

hi buggie, if u made 200k in cash with asbf, why did u take out? doesn't 400k compounds faster?

or is it risk diversification?

Dalam keadaan sekarang, dengan dividen rendah, x bebaloi ambik loan, melainkan klu ko boleh tunggu 5 tahun

Bro for 400k asb loan how much you pay monthly?You can borrow 400k asbf loan? I thought it's max 200k.

I took 300k asbf before not worth it at all. I pay around 16k in instalment and only get back 15k dividend last year...

i terminated dy dont worry. just dont want people to get scam by insurance seller trying to meet their kpi when it's so obvious you get more by putting your own money in asb
dont want believe up to you

https://forum.lowyat.net/index.php?showtopic=4885534&hl=


thats bank money from the loan not mine so how can i earn

Oh now understand thanks for the info, u must be so dedicated to not touch the divident and let it compounded.

not yet finished processing. typical banker la, when want sign so sweet when want terminate sap kok lu. how to know how much i get back?