http://www.asnb.com.my/v3_/pdf/produk/ASB/2017_AR-ASBASN.pdf

Check page 35. You can see all the blue chip Malaysian companies are there. ASB invests in the same companies as other local equity funds from the likes of Public Mutual, CIMB Principal, etc.

The only difference is that while these other funds are giving a mix of positive and negative returns, ASB is giving consistent dividends, due to the fact that I mentioned above

Thanks for sharing Faiz Azmi. Nampak macam berpengalaman saangat. Although we are in a way competitors, I am sure I can learn a lot from you.

Have you been working for the banks? In what capacity?

Yes I was with a few banks, namely CIMB as an RM. As an RM I had to handle all sorts of needs from the banks' clients, including, but not limited to financing (mortgage, ASB financing, cc) as well as deposit products (FD, foreign currency), and direct investments in our unit trust accounts (cimb principal and funds under CWA's wings). Not to mention their insurance needs (sun life)

As time goes on, one has to focus and I decided that mortgage (and to some extent, ASB-f) are the way to go, with insurance coupled in to cover the mortgage

We are off topic here so let's get the discussion back on track to ASB and ASB-financing

I just do refinance my asb loan 🤓
Before that let me make it clear.

Im request to terminate my current loan (50k,25y,5.45%, fully insurance) at mbb on 2 Aug. On the same day,im apply for a new loan (70k,30y,5.05%,5y insurance). Then on 6 Aug, I received sms tellin that my new loan has approved.

Today on 29 Aug, my 50k loan already terminate at maybank2u. But the 70k loan still not appear.
As they mention, i need to start the payment on oct 18. So, is that mean i wont get 2month dividen which is for the month 9,10 since dividen is counting on lowest balance statement.

I need someone to enlighten me. A bit frustrated + confusing now.

Yes, you are correct. if the money is not disbursed by the new bank and ASNB deposits the money received to your ASB account by august, the minimum balance for August and September would be 0

Unfortunately yes, this be why timing and a good agent and or decent good paymaster record with a particular bank is good..Relationship is key too.. Earlier this year, took ASB2 loan and got loan approved within minutes. Before we even walked out of the banking hall cuz waiting to conduct other business.. In about a week, funds appeared in ASB2 account already.. Few days later, loan appeared in the online account with first debit beginning 1st of next month. So only lost the one month and even then not entirely, cuz since we've been using personal cash before, didn't withdraw all. Losing one month is generally normal and expected. Two months is if timing not good and can't be helped.

Not to worry, what's done is done and you are wiser for it..

Hey guys, it’s been a while since I last posted but just to update on our current rates in Ambank! For 100k and above, rate is 5.1% while for loan amount below 100k it would be 5.2%. As for 5%, a 1-year lump sum payment is required to be eligible for the rate.

Do feel free to drop me a PM for more info about our promo if interested!

Thanks!

This post has been edited by Ronald K.: Aug 31 2018, 10:10 PM

Rebates are not... err.. corruption meh? Kickbacks. I suggest to do so in the down low and not in the open.

Corruption? 😅 That’s a strong word not to be taken lightly. Well it’s intended to be a promo that I’m currently doing only for online readers. Sort of how free gifts are given for credit card signup. Anyway thanks for the advice ya, will keep that in mind.

They are not bribes and can be discussed in open..

You are right.. Rebates are just that.. Discounts redefined.. Buying cars, mobile devices, mobile data plans, houses, jewelery, paying for services, etc.. All perfectly legal.. Even TM and TIME ISPs give rebates regularly.. So meh.. Some gurus be like.. .. Kek.. I better keep quiet again before being wrongly chastised again..

After several attempts calling the Maybank Officer to push them to disburse the 70k loan, finally at 3pm my loan appear at maybank2u site. So that mean, I only lose dividend for a month? Am I rite?



This post has been edited by Abk92: Aug 30 2018, 04:21 PM

Hi, for asb1 after hitting RM200k in the account, can we add another 100k via ASB laon? Mbb personel that i had applied the loan said i would not have to transfer out the money. My eligibility can increase. Possible?

This post has been edited by orbclyne: Aug 30 2018, 04:39 PM

Only self-injected cash & loan are counted towards the 200k limit. As for dividend & bonus they are not, so it may be possible to add another 100k loan. They are able to check your eligibility with PNB.

No, it is not to be taken lightly. I couldn't give direct rebates to the clients back when I was with CIMB as an RM. There are promotions, but these are sanctioned by the banks and not out of my own pocket.

Don't be too sure about this, people's jobs are at stake here. Insurance companies have policies against such "rebates". When I was with CIMB, I was not allowed to give unsanctioned "rebates" to my customers. These sanctions may have been partly due to BNM's policy, the particular bank's policy, or even the branch and/or team that that the employee was attached to. You can't just drop an anecdotal experience and blanket authorize everything especially when you don't have much at stake - you are just the consumer.

For banks like Al Rajhi (which I also worked for) one would be sent for disciplinary action if he offers "rebates/presents" as a condition to take up any of their services. Al-Rajhi's policy, driven by their shariah compliance dictates that they can't ask the prospects to sign up for anything (not even for savings/current account) as a precondition to give them a present (even a pen). If they want to give a pen, they can give, but not with a precondition to take any services

I was not wrongly chastising you, because I was right and backed my assertions with numbers, figures, definitions, statements, and more. My suggestion to OP was to perhaps not do it in the open; or a the very least verify with the employer on this. Will you take responsibility in the event that someone is negatively affected due to listening to any of your untethered advices? Of course you won't, because you are taking this as if it was a game, while to them these are their livelihood.

Finally, if you can't take it don't dish it. No need to talk behind my back about it. I can take it however high or low that you want, because I have the experience working in these positions to back myself up - my statements are not anecdotal, because I am the source as I have worked in these positions.

Not necessarily. Please check your ASNB account statements (it may not be updated yet) as to the date your units were bought by the bank on your behalf.

You eligibility increment is increased as you earn the dividends, there are no limits when it comes to earning the dividends. So the question is, currently how much in the account is based on ASB-financing?

Hi, ask ur banker the date of disbursement. They can check for u. I as a cimb banker can check my customer disbursement date. If the loan disbursed BEFORE 1st September, then u are eligible for the September's dividend even though u start paying on Oct. If the loan disbursed any date on September then you will not getting dividend for that month

Sebenarnya apa yang Faiz Azmi @wildcard cakap tu betul.

For CIMB, kitorang tak boleh buat own promotion, in fact, recently CIMB/BNM has investigated a branch who did their own promotion before and they landed in hot water

I tak cakap that orang lain tak buat, tapi just because diorang tak kene tangkap, tak bermaksud benda yang diorang buat itu betul. Plus all those things you mentioned about credit card, TIME bagi promotion, I am sure those are sanctioned by the banks/companies themselves.

Unsanctioned and out-of-own-pocket promotion is a NO-NO. If betul ada "rebate" given by the bank, semua branches boleh bagi rebate tu, bukan seorang agent sahaja. dan promotion tu mesti besar dan semua orang tahu "apply ASB dengan bankXYZXYZ dapat RM200 rebate!!" tapi agent kat atas tu macam use his own money je, which is wrong as I have mentioned earlier.

Fiaz/wildcard cakap tu betul la, kalau nak buat, buat sendiri2 jangan buat in the open

@wildcard based on your posts i noticed that you can be too harsh sometimes. although everything you siad is on point. cuma bila nak tegur orang boleh lembut-lembut sikit otherwise orang become defensive as displayed by people you argued with in this thread. I noticed kat thread lain pun (mortgage thread) you selalu get into arguments which can be informative and funny at times although cam kelakar bila nampak you educatively bully people (is that a term?) haha

This post has been edited by ezrachan: Aug 30 2018, 09:10 PM

Hi nope, I just terminate and reapply back with tiger bank.

How about below picture. Disburse already?

Congratulations.

Quite obvious isn't it? 11am.

As in picture. The loan had fully disbursed on 30rd August which means before September. So, you will have your September dividend then! 😁

Hi all, long time not involved in this forum,

I have a few questions regarding asb, hopefully someone can explain to me.

1. How to calculate dsr?
2. Is it dsr base on net salary or gross salary?
3. Do bank consider dividen as income?

Below is my monthly commitment.
Fixed Salary RM 2500

Commitment
1. ASB - RM 313 (50K) 2y8m already
2. Personal Loan - RM 150
3. CC Installment - RM 247
4. Takaful Medical Insurance - RM 150

Do I need to include 🏠 rental too?

I'm planning to grab another asb loan 50k or 100k by end of this year.

Thank you in advance for your kindness to help newbie like me.

Hi @Fun_ent2607 the answer for ur questions:

1. Formula to calculate DSR is (your current monthly commitment + new commitment) divide by ur net income mutiply with 100%

2.net salary

3.Yes, for cimb we will calculate your current ASB as a additional income together with your future dividend (the new ASB loan)

For Cimb, gross income below 3k, your DSR should not more than 60%. If your gross income above 3k it will calculate based on 85% DSR

Commitment only with bank, insurance and rental not included.

I assume your net income is rm2500, so your new ASB loan monthly payment around rm270 for 50k asb loan. Your DSR calculation would be

[(313+150+247+270)/2500] x 100%
=39.2%

You are still eligible to apply. Even for 100k asb loan.

Sifu, correct me if I'm wrong.