Hi all,
I wonder, does the bonus is fixed for everyone? I just updated my ASB account. I take maybank loan of 50k for 25 years.
Monthly installment is RM298.
PNB already announced that the dividend is 7.75% and bonus is 1.15%. this is what I received:

Dividend : RM 3,895.04
Bonus : RM 91.35

how they determine how much you get for your bonus? I thought it should be 1.15% x RM 50k = RM 575, no?

This post has been edited by HPrules: Jan 8 2013, 11:02 AM

I see. Thanks!

So did the person offer you a rebate for early settlement?

I am thinking of settling my ASB loan as well. Took 50k for 10 years from Maybank, currently on the 5th but now I can afford to pay off the balance.
But some say that's not the best thing to do... whatever it is I'm gonna have to do some calculations first.

Can you PM me? I want to know as well

how long already you took the loan?

.

This post has been edited by hbh60: Jan 16 2013, 05:38 PM

1.5 years already. started in Jun 2011...

you could refer here on how to calculate bonus, because bonus calculation are different from the yearly dividend

http://www.pokjat.com/2010/01/09/asb-divid...o-calculate-it/

After 1 year, u can actually use the dividend to pay off the installment for the next year.
If you are willing to wait 25 years to gain RM200k from RM14400(1200 x 12 months) investment, y not?
My advice is to apply the loan in November to get the full annual dividend.

got it, thanks!

If I apply this month, I won't get full dividend?

Yes because by the time next dividend comes it will be less than one year for you. If you would like to invest in ASB better do it ASAP because any delay will cost you money.

So, november will be the best time to invest? In order to get full dividend? Then maybe I should delay applying the loan to Nov then.

Solsekuin44,

You do not have to wait till this November. If you really do, your dividend will be given at the end of 2014 which is a year later. The dividend will be pro-rated if you invest today.
It a fixed fund units and remain same, the early you invest, the more faster compounding effect will take it place.

This post has been edited by adolph: Jan 9 2013, 12:46 PM

will asb loan affect if i want to take mortgage in the future?

Yup, bank will see it as term loan.

I see.. Thank you. Will go to the bank today

yup this financing will affect ur DSR..
but if ur account in good conduct it could become an advantage if u want to apply for mortgage in future coz it already mitigate high risk..
btw, this will also turn into a future income for u as bank will calculate it as a 7% pa income to be added to ur salary..
so it got its pro and cons.
hope that help

thanks for the info

in short, you will be an unofficial agent for the bank to invest their money in ASB (since they are not allowed to do so as an organization) so that they will generate more money for themselves and share some with you..smart! aren't they?
f***! i wanna be a banker! lol

This post has been edited by devonhunter: Jan 23 2013, 06:00 PM

I want to ask.will asb loan reduce my had pinjaman bank? let say buying car, house