Anyone knows which bank or even agent that does ASB/ASB2 loan without takaful? Thanks! 🙏🏻

I applied and got 4.8% rate today.

Good rate?

Is 4.75 the lowest ever or only lowest in the recent year?

There should always be a realist. Keeps things real yeah?

The route I took is real....and more importantly, still relevant. Thanks voncrane for putting up the table of historical dividends. First thing everyone should do is ignore the total dividends column because the 'bonus' dividends are insignificant if you know how they calculate it. Learn how to look past the window dressing. So just look at the dividends column. You would see that in 2001 and 2017 is the same dividend... 7%. Yeah sure it went up and down thru the years but no drastic changes there. So... What I did is still applicable and relevant in this era... About the 400k limit? Like I said... Just adjust slightly. In fact the landscape is better now than during my time. For 10 years I was limited by the 200k limit. Nowadays you guys have 400k if you count ASB2. If I had ASB2 in my days, I'd be 2M up now instead of 1M only. So consider yourselves the younger generation luckier than me. I'm so envious. You guys get to be 400k up instantly. I had to wait 10 years... Sigh... Plus, the banks interest was higher then. We were looking at upwards of 6% then. Not like 4-5% these days

And yeah voncrane is right also to say that don't kiasu and should enjoy when young. By all means... Everyone should enjoy life. But just keep one eye on your old age as everyone will eventually get there and your power to earn income diminishes significantly. So find a balance. Like I said in earlier post... If you're a salary earner like me that wasn't born with a silver spoon, work smart and hard to move up the ladder... Soon asb payments are just a small chunk of your salary that you also tak rasa. The rest of your income you go and do what you wanna do la. But if you're a rich kid who is waiting for your dad's inheritance, disregard all these posts as your strategy should be different.. Lol

What I have laid out and shared here is only a small part of my entire life... Lol... The ASB part as this is the ASB loan forum. There are actually better ways to earn more money. Some more risky, others require a high capital. Nothing ventured nothing gained. But that's for a different discussion thread.

Lastly... Try not to be a pessimist. Not a good way to live life. Things may look bad now but equally, things can also get better in the future. Who knows next general election BN kalah (seriously doubt this lol) and ASB naik to 10%? Who knows la kan? All we can do is be ready when that situation happens. Voncrane is right in that different strokes for different folks. Is all about opening doors when opportunity knocks.

Thanks for the heads up. A wise advice indeed.

As a typical Gen Y, I may simply blame government for the "bad timing" where I can no longer enjoy the good old dividend rate and also just simply buy a any house low and sell high after few years like what Gen X did.

However complaining will get me nowhere, so action is more realistic. Of course, I have to adjust my expectations and something is still better than nothing.

The perk of being a Gen Y is that there are easier accessibility to everything. So we have to be smart and look for more options to diverse our investments.

With all that said, the attitude and awareness to start saving from young will always stay true.

To summarize everything when u start young you will pay less and get more at the end. Realistic or not the current dividend still can give profit to asb customers. The interest will always in balance between the dividend to make asb remain relevant.

Bro buggie have share his real experience how from 200k and now he  already have almost million in his asb acc (include loan) Asbf is only one of the platform. There are many instruments out there u guys can use to gain your capital. Just keep in mind the higher the return the higher the risk. Thats all.

And for bro voncrance thanks for the highlight about the previous asb dividend. Past performance will not indicate the future return. Anything can happen in investment. Its up to you how u play the game and manage your risk from loss.

Is it ok if friend of mine who is not bumi, pump money to my asb acc then the dividen share 20:80?
She got the 80%..

I was reading a letter sent by a reader to KC Lau's website.  The guy said that he applied for 200k ASB loan and paid it off with his RM15k savings.  How is that possible? Enlightened me please....

Here's the link: https://kclau.com/investment/asb-young/

Just trying to understand this ASB Loan.  Not everyone can ikat perut to pay 1k+ asb loan especially with the current high cost of living. Assuming that a person only can spare RM500 per month, what is the recommended feasible loan amount to take, loan ternure and at what point to terminate? Appreciate your advice.

y not...
asbf 200k, 4.8% = 1050
1 year = 12600
asb dividen 14500
14500 - 12600 = 1900
asbf 100K + 100K.. hybrid.. rolling dividen + duit sendiri

asbf can terminate anytime..
profit asbf : dividen + prinsipal
better untung sikit daripada rugi

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

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

4x50k

Does there a plan to cancel 1 by 1 if something go wrong? Just curious

Thats normal. If the different after the rate increment is not more than 50 than ur installment will remain. However there is a catch ur loan tenure will be extend and ur principal value will be less a bit.

For example your loan tenure balance is 20 years. After the increment of BR, ur installment remain but your loan tenure will be extend maybe 2-3 years more.

Install financial calculator and look for tvm calculator. Insert the details and u can see how much the tenure extend. Dun worry. It wont effect too much of your total return. If u dun want for the loan tenure to extend than go to the bank and tell them u want to pay with new installment.

put some of the cash into tabung haji (3 month of salary amount atleast) the rest try to invest cash in unit trust. It also have good potential return in long term. Capital gain and dividend.

What if i tell u..u can make 110% profit in five years time by using asb financing rather than normal saving..not everyone have the capital to dump in 100k or 200k in their account..example..if u make 200k loans and interest rate at 5.2% take it to 30years..u have to spent 1100 permonth..times by 12month..u spent 13200 per year..taking count the lowest divident at 6.75% u will get 13500 divident per year..if rolled the divident to pay for 2nd year and maintain until 5th year..u will get 30500 if u surrender the certicate by only spent 13200 the first year...this is rolling method..there is compounding method and more advanced method..feel free to contact me know how to play this game..ill give consultation free of charge..

Hi sir..yes im new here..have a look at my draft..if theres anything that u dont understand u can let me know..maybe we can sit down and ill have it presented to you in details and how does the calculations is done.

The upper draw is by using rolling method..the second one below is the compounding method..depends on how your capabilities and what is ur target for the savings to grow..

ASB2 dividend haul this year [attachmentid=9715853]

With ASBf haul at 40+k, total haul for the year from ASBf + ASBf2 = 56k. Thanks to following the strategy...

Next year should be close to 60k!

Of course compounding will give better amount of money because save more money in it..huhuhu..like i said..depending on person capability and their target on how much to earned by certain time period..n the secret technique on how to get 200k certificates with only the amount contributed like 100k cert at 5++ only..hahaha..lets have some coffee and talk about it,,

alright.. but, I know this is ASB thread, but I just want to ask what my friend who is a property investor, in 5 years he can make 60k+ without even counting in rentals.. Just wanted to ask for your feedback.. sorry if different topic.. just wanted to see ASB and property investment vessels.

[attachmentid=9720512]

Maybank, 70k and above at 5%