Sure can terminate anytime.. Doesn't mean have to be go about it the counter-productive way.. Oh yeah, hope you factored in inflation. Consumer prices in Malaysia went up 3.5% from a year earlier in December of 2017, following a 3.4% rise in the prior month and matching market consensus. Cost of food & non-alcoholic beverages and transport rose faster (source: BNM).. Sure the country also experienced stronger GDP growth, but have to ask oneself. Are you part of the group with income growth parallel to the GDP? Most likely, No.

Which is why I chuckle when people simply assume that as long as dividends is greater than amount invested, it's all good. Nope, if only smart investing was that simple.. Must weigh in other opportunity costs. Otherwise it's similar to pumping out the same amount water that's coming into the boat. I'm gonna stop here.. To compound the proper way for max gains or not?.. Well, that depends on each individual. Regardless, the house never loses. 

Hi guys, i am mostly a silent reader for this group.. I hv just terminated my ASB loan from maybank since last november.. And they actually terminated it this month.. I was wondering how they calculated the principal amount? Because i got only RM1055.89

My asb loan from maybank was started since early 2016 (around march), i made 200k asbf with takaful.. Monthly payment was rm1206.. My question is how do they calculated the principal, i thought that i should get around 3000+ from principal? Is it because of takaful?

Thanks

So basically, you got 1K for the 2 years investing. As a silent reader you should have been aware that you terminated too early.. Plus extra payments for takaful as well = less principal. Granted, I'm sure you have your reasons being forced to terminate this early. But this is the repercussion and why it's advised against. Basically, as with such loans, the first couple of years, the larger bulk of your monthly payments all go towards paying the bank interest and only slight deductions made from the principal. It's standard bank practice so they recoup their profits as quickly as possible. After-all, they loaned you the money upfront. For best or accurate calculations, better ask the Maybank official in charge, for a breakdown or statement. That should clear things up for you.

Thank you for your reply, i see.. yes i realised that i terminated my loan tenure too early, the reason was for me to get a better tenure.. I already applied for another loan with 30 years tenure instead of 25 years, and a better interest rate.. Thinking of im starting to get into 30s, i should try to get a better loan tenure before it's too late 😅 Alright, will ask the person in charge at Maybank for a statement/calculation.. Thank you for clearing things up for me

Hi guys, i am mostly a silent reader for this group.. I hv just terminated my ASB loan from maybank since last november.. And they actually terminated it this month.. I was wondering how they calculated the principal amount? Because i got only RM1055.89

My asb loan from maybank was started since early 2016 (around march), i made 200k asbf with takaful.. Monthly payment was rm1206.. My question is how do they calculated the principal, i thought that i should get around 3000+ from principal? Is it because of takaful?

Thanks

anyone here is familiar with BSN MyRinggit ASB loan ?

Hi,

Just to update on Ambank ASB/ASB2 financing rate -

Following the recent 0.25% increase in base rate, our current promo rate has increased from 4.75% to 5%. Requirement is still the same whereby it is only applicable to 100k and above. Also there is no lock-in period and takaful is optional. In addition, I will personally offer additional rebate and stamp duty waiver.

Should you have any enquiries regarding the above, do feel free to drop me a PM.

Thanks!

Hi guys, I will be personally offering the additional loan rebate until 15th March so do drop me a PM if interested

Hi guys,

A bit curious, my maybank rate jump from 5.2% to 5.45%, but my monthly commitment remain the same. Is it weird or normal?

How about this sifu...
If I terminate now so my SV will become -ve?😂😂😂
50k loan from maybank.
[attachmentid=8872838]

Do I need to bring any document, to cancel the loan?

Nope, IC will do.

Hi guys, I will be personally offering the additional rebate until 15th March so do drop me a PM if interested

When we cancel loan, if the principle amount is already less than cert amoun, we receive the amortisation in cash or it remian in our asb?