hehehe. so cute he tried to debate with buggie. btw buggie also active in flyingspaghettimonster asb forum.

I took 200k loan and regret it so much. Need to wait a bit then I'll cancel. Just advising others that saving every month is much better than taking loan. You buta2 give profit to bank instead of taking all 6% dividend by yourself

Not going to reply to some rude insurance seller here whose only purpose here is to lie to people to sell his scheme.

Fact: ASB dividend has been decreasing every year.
Fact: This year dividend is the lowest its been.
Fact: Bank takes more than 80% of your dividend as their interest, leaving you with only 20%.
Fact: You get 100% of the dividend if you save manually without loan.
Fact: Saving manually yields better return in the long run.
Fact: You're not tied down to any loan and reduce your credit score if you save manually.

That said, asbf is good for those kind of people with no discipline and cannot control their spending like some here. If you have no discipline then asbf will force you to save money every month. If you have discipline, it's much better to save manually.

That's what I'm saying. There's no way taking loan is better in this kind of case. You'd be surprised to know how many people are that privileged

what's the benefit of a higher post count?

math proof it all.

Why is everyone saying as if terminating asb loan is such a simole thing? You lose dividend and as seen from multiple forumers here it can take 3-4 months to terminate

FD is another good option out there. So many people utilise the safe money from FD. I've seen people put 500k into FD just to get the 4%+. It all depends on what your risk profile is tbh

Not in near future, asb1 quota also almost out

Why u go and bother bank untung 5% or not.

Without ASB financing, u totally no untung at all. Because remember, u are using bank's money (OPM= other people money) to invest.
It is so shallow minded to think this way.

With ASB Loan, its win win. ASB give 7%, bank take 5%, you take 2%.
Why? because you do not have 200k to invest in the first place.

RM0 x 7% = RM0

OR

RM200,000 X 7% = RM14,000

Bank take RM10,000, you take RM4,000

Hlb still got?

Do you know the rate he got from HLB?

I didnt know we can do ASBF more than 30 years

ASBF also like housing loans...
Until 35years...

Curious.. if take up maximum amount.. then the monthly payment is how much? I mean for 35 year one...

so totally u pay 423,780 for 200k amount

gg la kali ni

aku bulanan 1226 x 12 = 14712
bini 1156 x12 = 13872

so now monthly kena topup 301+231??

normally all bonus payback loan already..
now how

thanks sifu.
will hold up and just soak up the extra payment next year..

or maybe, could be just terminate his current asb financing and take a new one?

and also, he could earn from getting lower interest rates, as i believe interest rate around 2012-2013 should be high, my interest soar up to 5.45% earlier this year, then i decided to terminate and take new one with RHB 4.75%.

ambank is offering 4.80% atm, a friend of mine just ask for my opinion - he got the brochure last week from the agent, and as usual, the amount offered comes with full insurance coverage -.-" (since im the only guy with a bit of finance/accounting education amongst all my friend, so been giving them free advice on income tax, asb, credit card rebates, etc)

maybe @wild_card_my could advise whether it is profitable to terminate current asb finaning with takaful and opt for new one.

Dear sifus, can you help me with my calculation?

I started the year with balance of 211,666.
My monthly asbf instalment is 1074.

My dividend for 2018 will be 5.5%x211,666=11,641.63.
This is even lower than if I save my money somewhere else (even at 0% return), 1074x12=12,888.

Did I miscalculate somewhere?

cancel the standing instruction, and allow it to cancel by itslef?

1. Well, once the bank cancels your loan due to non-payment of installments, they will initiate the cancellation. Once the loan is cancelled, it will disappear from your CCRIS. So in short, no, there wont be any effect on your CCRIS

2. However, that bank will remember you for it.

"Nak belah pun buat la cara baik" is what I would say. Just walk into the bank's branch, any branch convenient to you, and apply for the cancellation.
Guys, allow me to make myself clear: You can apply for a new ASB-Financing WITHOUT cancelling your current ASB-Financing with your current bank. Once you have received approval from the new bank, then only should you cancel your current financing.

On to your second question, you can walk-in to any of that bank's branches. For example you applied for ASBF from banker in MBB Putrajaya. You can apply for cancellation in MBB Shah Alam branch
Yeah, max tenure is 40-years or until the age of 65 years old.

God damn bankers and their KPI on selling takaful.