Haha... Happy holidays..

Who said like that. Yes we get commission but we serve our client from A to Z. You can ask mine. I always answer all of their question asap when they ask. As consultant or financial advisor we advice to fully the opm because u can get more profit. U can start small and end big if u know how to. Firstly, i will check how much they can apply. Than ask if they can commit or not with the installment. I will not ask them to apply big if they arent 100% sure and later become a burden.

As financial advisor i also teach them about techniques available in asb financing and keep continuing serve them even after they apply the loan.

Just get gud consultant to help u and inshaallah u will never regret to apply asb financing.

This post has been edited by haziqnet: May 11 2018, 09:46 AM

CWA are open for registration. Pm me if u r interested.

insurance agent also can consider financial advisor..other than insurance products, they also have saving plans, investment link product and also Unit Trust..

and comission is not 1.6-1.8Million..that is 30 loan tenure if take ASB loan 200K..commission based on sales or if u already agency manager or at leas unit manager, commission masyuk la..if ur agents performed well and hit target every time...ur commission/bonus ok..

Sorry i dun understand? Do u think agent get 1.6 million commission per application?

Nah bro, he was clarifying that agents do not get such an amount.. But as you mentioned earlier about possible returns.

Oh hahaha...sorry i misunderstand what he means.

Hi guys, just curious.

1. Why asb loan people recommended to take long period etc; 30 years instead of 20 years. Doesn't the long period loan means you need to pay more interest?

2. If i plan to terminate my loan after 6 years, which is more profitable? 30 or 20 years?

3. My current loan interest is 5.30%. Should i terminate and reapply for a lower interest amount or just continue? Already 6 years the loan.

Now what is the best rate? Cb my 100k rate increased from 5 to 5.25,just notice since i make auto debit. Think want to apply another 100k or make a new 200k one.

Currently lowest in the market is 5% - few banks are offering the rate including Ambank. By the way I've PMed you the promo!

Hi there,

1. With 30 yrs instalment is lower (difference in instalment is about RM250 between 30 & 20 yrs) - so with the difference one can take a higher loan amt to max out their dividend. RM250 is equal to roughly 40k-50k asb loan

2. You'll get back more surrender value (principal) when you take a shorter tenure

3. Difference in instalment between 5% (current rate) and 5.3% is about RM37 monthly assuming takaful was not taken - so imo you can actually consider to terminate and reapply for a lower interest and also to max out your asb if you haven't done so considering it's been 6 years already. How many years did you take by the way for the loan?

1. Lower installment. More technique can be apply with.

2. If u want to have more cash in your hand sure short loan tenure will give you more because the principal value is bigger.

3. If i'm u i will terminate it and apply new loan. 6 years is already long enough. You can use the money u earn to apply max loan if u still dont.

double post

This post has been edited by haziqnet: May 17 2018, 06:39 PM

when you apply your asbf? with or without takaful?

I have lots of free time during lunch so let me make a comparison between 20years loan vs 30years loan assuming you can only pay RM537 per month. Conclusion: longer the loan term = more profit.

ASBF 100000 | 81500
Interest Rate 5% | 5%
Loan Term 30 | 20
Monthly Payment 537 | 537
ASB Dividen 6.50% | 6.50%

Terminate at 60 months
(Total Payment after 60 months) 32220 | 32220
Dividen 37000 | 30162
Principal 8172 | 10328
Net Profit 12952 | 8270

Terminate at 240 months
(Total Payment after 240mth) 128880 | 128880
Dividen 252364 | 205677
Principal 49388 | 81500
Net Profit 172872 | 158297

This post has been edited by vondutch: May 18 2018, 02:22 PM

LOL wut... Nice try. Now redo the calculations with the exact same 100k for both terms.

Modified the post assuming same monthly commitment of RM537. I think this is a better comparison as basically our commitment are the same for both term.

Ah I see.. Didn't see the edited part.. Makes better sense then...

What bank got 30 years asb loan tenure ? I go few banks max is 20 years