Welcome Guest ( Log In | Register )

218 Pages < 1 2 3 4 5 > » Bottom
Bump TopicReply to this topicRSS feed Start new topic Start Poll

Outline · [ Standard ] · Linear+

> ASB loan, worth to get it???

Syd G
post Dec 17 2008, 03:57 PM

Mom. Servant of God.
Group Icon
Health & Fitness
Group: VIP
Posts: 7,989

Joined: Jan 2003
From: :: Cheras ::


Collected info :

RHB : BLR - 1.25% for whole tenure
CIMB : First three BLR - 1.6%, rest BLR - 1.3% or First 5 years BLR - 1.4, rest BLR - 1.3%

Maybank's rate given by Vieri777 is only for loan >50k
Vieri777
post Dec 17 2008, 06:11 PM

Getting Started
**
Group: Junior Member
Posts: 117

Joined: Sep 2007
those are very good rates, indeed !
take the lowest rate, as much as u can afford..
n watch the money grow !! thumbup.gif



ttwangsa
post Dec 18 2008, 01:37 AM

On my way
****
Group: Senior Member
Posts: 618

Joined: Oct 2005
From: Puchong, Selangor


QUOTE(Syd G @ Dec 17 2008, 03:57 PM)
Collected info :

RHB : BLR - 1.25% for whole tenure
CIMB : First three BLR - 1.6%, rest BLR - 1.3% or First 5 years BLR - 1.4, rest BLR - 1.3%

Maybank's rate given by Vieri777 is only for loan >50k
*
on tuesday,
i went to cimb jalan duta
and i saw the rates were different
5.xx for 3 years, BLR - 1.3 for the rest
and
5.yy for 5 years, BLR - 1.3 for the rest
5.yy is more than 5.xx

so, erm
are the figures accurate or up-to-date?
any internet links on the rates?

btw, i still cimb offer the best rates for ASB loan.
Syd G
post Dec 18 2008, 08:29 AM

Mom. Servant of God.
Group Icon
Health & Fitness
Group: VIP
Posts: 7,989

Joined: Jan 2003
From: :: Cheras ::


There's another rate by Maybank but only for 50k and above

First 2, BLR - 2. Rest is BLR - 1.25

You can always refinance after 2 years. No exit penalty whistling.gif


Added on December 18, 2008, 8:30 am
QUOTE(Darkchild11 @ Dec 18 2008, 01:15 AM)
Agree with u on this.. I'm glad i did the OD too.. biggrin.gif
*
This only works if you do hv a decent sum of dough to start with, else the ASB loan is the only other option smile.gif

This post has been edited by Syd G: Dec 18 2008, 08:30 AM
Vieri777
post Dec 18 2008, 10:00 AM

Getting Started
**
Group: Junior Member
Posts: 117

Joined: Sep 2007
QUOTE(Darkchild11 @ Dec 18 2008, 01:15 AM)
Agree with u on this.. I'm glad i did the OD too.. biggrin.gif
*
i thot OD rate is quite high ? plus commitment fee ? other charges ?
n not much leverage plus you need to already have a good amount of capital first ?
hmm.gif

compared apple to apple, which gives better return ? hmm.gif

Maybank...First 2yrs, BLR-2 ? where did you get this bro ?

CIMB...i oso got the same rate as ttwangsa. called them up 2 minutes ago.
First 3yrs-5.15%, Thereafter...BLR-1.3%
or First 5yrs-5.35%, Thereafter...BLR-1.3%
MinLoan 10k Max 200k
MinTenor 5yrs Max 20yrs
LockUp=3yrs....exit penalty=3.5% x LoanAmount
After 3yrs....1% x Prepymt Amount


This post has been edited by Vieri777: Dec 18 2008, 10:28 AM
Syd G
post Dec 19 2008, 09:12 AM

Mom. Servant of God.
Group Icon
Health & Fitness
Group: VIP
Posts: 7,989

Joined: Jan 2003
From: :: Cheras ::


ASB loan Maybank BLR-2? I called my personal loan officer smile.gif

OD can start from 5k onwards. BLR-1 for CIMB (90%), BLR for RHB (100%), BLR for Maybank (90%)

I heard from the radio news that OPR is going down again (US planning to cut to 0.25%. wow). Good news to people with good payment history. Cheap loans smile.gif
ttwangsa
post Dec 19 2008, 06:18 PM

On my way
****
Group: Senior Member
Posts: 618

Joined: Oct 2005
From: Puchong, Selangor


QUOTE(Syd G @ Dec 19 2008, 09:12 AM)
ASB loan Maybank BLR-2? I called my personal loan officer smile.gif

OD can start from 5k onwards. BLR-1 for CIMB (90%), BLR for RHB (100%), BLR for Maybank (90%)

I heard from the radio news that OPR is going down again (US planning to cut to 0.25%. wow). Good news to people with good payment history. Cheap loans smile.gif
*
2 minutes ago i called 1 300 66 88
http://www.maybank2u.com.my/site_functions...us.shtml#callus
QUOTE
Maybank Group Customer Care
(24 hours daily, including holidays)
Tel: 1-300-88-6688
(for domestic customers)
603-7844 3696
(for overseas customers)
pressed 1 for Malay Language
pressed 2 for Maybank2u
pressed 99 for Talk to customer service executive

i asked about the maybank asb loan
according to the lady
it depends on promotion but as of today
for 50k and above (the best rate)
year 1 - year 3 = BLR - 1.45
thereafter = BLR - 1.3

why is your personal loan officer's rate
different from maybank official rate?

tonyek
post Dec 20 2008, 01:19 AM

New Member
*
Group: Junior Member
Posts: 34

Joined: Oct 2008


the loan is totally worth it.my mother and my father take this loan when the first time it was launched.they both take 100k each.and now all my sibling car and their houses was paid by free money(pnb money).why i said it's a free money because the bank give u the capital to invest.let say u take 100k loan and u need to pay the bank 120k.but u not paying it by u own money.u pay using the dividend money that u received every year(assumed u take 20years loan).but u must remember not to touch the dividend too.if u say saving by ur own it much better it's not true coz u only saved rm600-700 a month.how much the dividend that u'will get that year.after 10years u still cant even enjoyed the same dividend the loan scheme for 100k received for only 1 year.plus if u a have the discipline to pay that amount of money every month.BUT if U DO HAVE A BIG CAPITAL TO START INVESTING IN ASB(eg 100k) then it's better than loan scheme.actually the bank did this scheme because they cant invest the bank money to ASB so they use the borrowers to invest for them.so they can get some money from the interest and the borrowers gain some free money from the dividend-interest(the interest usually BLR-1.xx-based on all my family asb loan interest).For me,It's a win-win situation.

sorry for the long posting.
eizshah5
post Dec 20 2008, 09:03 AM

New Member
*
Group: Junior Member
Posts: 30

Joined: Oct 2008
dont go for ASB loan if want to loan below 100k... not worth...
bank charges + interest.. not so much diff.. with ASB Interest + dividen....
tonyek
post Dec 21 2008, 02:25 AM

New Member
*
Group: Junior Member
Posts: 34

Joined: Oct 2008


QUOTE(eizshah5 @ Dec 20 2008, 09:03 AM)
dont go for ASB loan if want to loan below 100k... not worth...
bank charges + interest.. not so much diff.. with ASB Interest + dividen....
*
this calculation based on my asb loan at maybank.i take this loan scheme since i was 19 and it's already 3 years now.
i paid 429 every month for 15years for my loan scheme.so for those who doesnt know where the 5148 figure at without(w/o) table this is the calculation=429x12months=5148.but for w/o loan table u must remember to deposit that 5148 amount lump sum at the early month of the year coz asb dividend is calculated based on the deposit date.so if not it will be slightly decreased.hope this table can help u guys make a better judgement.if my calculation was wrong feel free to let me know.




Loan
year initial dividend profit balance
1 50000 8% 4000 54000
2 54000 8% 4320 58320
3 58320 8% 4665.6 62985.6
4 62985.6 8% 5038.85 68024.45
5 68024.45 8% 5441.95 73466.4
6 73466.4 8% 5877.3 79343.7
7 79343.7 8% 6347.5 85691.2
8 85691.2 8% 6855.3 92546.5
9 92546.5 8% 7403.7 99950.2
10 99950.2 8% 7996 107946
11 107946 8% 8635.7 116581.7
12 116581.7 8% 9326.5 125908.2
13 125908.2 8% 10072.65 135980.7
14 135980.7 8% 10878.45 146859.2
15 146859.2 8% 11748.7 158607.9
Paid 77220
Nett Profit 81387.9


Assumption
no dividend withdrawal for 15 years
fix dividend at 8% every year
fix interest rate

Comparison
profit - 81387.7
punctual payment


W/O Loan
year saving initial dividend profit balance
1 5148 5148 8% 411.8 5559.8
2 5148 10707.8 8% 856.6 11564.4
3 5148 16712.4 8% 1337 18049.4
4 5148 23197.4 8% 1855.8 25053.2
5 5148 30201.2 8% 2416.1 32617.3
6 5148 37765.3 8% 3021.2 40786.5
7 5148 45934.5 8% 3674.8 69609.3
8 5148 54757.3 8% 4380.6 59137.9
9 5148 64285.9 8% 5142.9 69428.8
10 5148 74576.8 8% 5966.1 80542.9
11 5148 85690.9 8% 6855.3 92546.2
12 5148 97694.2 8% 7815.5 105509.7
13 5148 110657.9 8% 8852.6 119510.5
14 5148 124658.5 8% 9972.7 134631.2
15 5148 139779.2 8% 11182.3 150961.5
Paid 77220
Nett Profit 73741.5


Assumption
no dividend withdrawal for 15 years
fix dividend at 8% every year


Comparison
profit - 73741.5
must have good discipline to spend for every month
can be withdrawn for emergency

This post has been edited by tonyek: Dec 21 2008, 02:50 AM
luvfun
post Jan 3 2009, 07:54 PM

Getting Started
**
Group: Junior Member
Posts: 281

Joined: Jul 2005


wat's the requirement to take asb loan ?
YuNGSeNG
post Jan 3 2009, 08:18 PM

Regular
******
Group: Senior Member
Posts: 1,382

Joined: Nov 2006


QUOTE(Darkchild11 @ Dec 18 2008, 01:15 AM)
Agree with u on this.. I'm glad i did the OD too.. biggrin.gif
*
May I know OD is it stand for overdraft ?
luvfun
post Jan 3 2009, 08:26 PM

Getting Started
**
Group: Junior Member
Posts: 281

Joined: Jul 2005


wat's the requirement to take asb loan ?
Seng_Kiat
post Jan 3 2009, 08:41 PM

Look at all my stars!!
*******
Group: Senior Member
Posts: 5,087

Joined: Jan 2005
what is this year divident? .. biggrin.gif ..
luvfun
post Jan 3 2009, 08:50 PM

Getting Started
**
Group: Junior Member
Posts: 281

Joined: Jul 2005


wat's the requirement to take asb loan ?


Added on January 3, 2009, 8:51 pmwat's the requirement to take asb loan ?

This post has been edited by luvfun: Jan 3 2009, 08:51 PM
DannyOP
post Jan 4 2009, 11:52 AM

Look at all my stars!!
*******
Group: Senior Member
Posts: 5,104

Joined: Jan 2003
for those with properties you gain more with refinancing your property and use the extra cash for investing. The rates are much better than ASB loans ie. BLR - 2.0 to BLR - 2.5. For more explanation you can read here :- http://countryheightsgrowerscheme.blogspot...ney-during.html


* Do note that BLR & dividen rates are not fixed so you must keep in track whenever there are changes. For example if BLR goes up to all time high of 12% but your investment only returns 6-8%, you still lose out.

This post has been edited by DannyOP: Jan 4 2009, 11:56 AM
beautiful.life
post Jan 15 2009, 06:58 PM

Getting Started
**
Group: Junior Member
Posts: 150

Joined: Oct 2008


QUOTE(Seng_Kiat @ Jan 3 2009, 08:41 PM)
what is this year divident? .. biggrin.gif ..
*
Yes. what is the dividend & bonus for year 2009??
anmc86
post Jan 16 2009, 09:39 AM

New Member
*
Group: Junior Member
Posts: 6

Joined: May 2008
QUOTE(mooze @ Dec 10 2008, 09:34 PM)
i took a RM20K asb loan from maybank, started two years, then i stopped recently because i don't think its worth paying off the loan interest.. i'd rather take a little off my time to queue once in a month at a counter to save using my own money.

i hope the article below(google-d it a minute ago) gives a rough idea for people unsure to take save using own money or take a loan for asb:

» Click to show Spoiler - click again to hide... «

*
i m curious that in ASB, is it no compound interest there????if got, it is not rm7k per month.but more than that..

This post has been edited by anmc86: Jan 16 2009, 09:40 AM
Seng_Kiat
post Jan 28 2009, 01:21 AM

Look at all my stars!!
*******
Group: Senior Member
Posts: 5,087

Joined: Jan 2005
any one here has the information about repayment amount versus period for maybank/rhb/cimb??? mind to share? ..
quistinehan
post Jan 28 2009, 05:04 PM

New Member
*
Group: Junior Member
Posts: 8

Joined: Dec 2008


memang xmunasabah...
tapi bg yg susah menyimpan...nie la skim yg selamat dan terjamin sekali...
mana2 pun mesti ada rate interest yg berlainan...
e2 terpulang pd invidu untuk menilai la...
sepanjang hdp...boleh ke kita menyimpang RM30000 dalam sekelip mata?
xkan....

218 Pages < 1 2 3 4 5 > » Top
Bump TopicReply to this topicTopic OptionsStart new topic
 

Switch to:
| Lo-Fi Version
0.0911sec    4.75    6 queries    GZIP Disabled
Time is now: 23rd January 2019 - 12:45 AM