1) Iirc, banks that considers dividend as an income includes: Maybank, CIMB, Bank Islam, Public Bank, RHB, Ar Rajhi. You may want to confirm this with the respective bank itself.
I see. What about BSN? And Cimb only take 7%(not sure the calculation)

2) To simplify things, it works this way, monthly installments that you paid is considered as commitment while the dividend you receive yearly is considered as income. So if your ASBF tenure is 30 years, your yearly installments will be slightly less than the dividend you receive. Hence, after a year, the income will offset the commitment.

3) Both is applicable. But for ASBF, installments will considered as commitments.

I asked Bank Islam. They only consider ASBF.

Yes 80% of future dividend. Average 3 years or 7% which is lower. Divided by 12 month into income component. This calculation applicable for ASB loan. Other loan facility need to confirm with the bank first but CIMB will take ASB dividend as an income.
Thanks faiz...well explained. Better than me...

In 3 years let say the dividen for 2014, 7.5%, 2015 7.25% & 2016 6.75% so add up all and divide by 3, u get the average dividend. Than x 80% and divide 12 month.

Well there are calculating for the future income dividend suppose the bank can consider it.

If not mistaken bank will calculate based on your loan amount or total saving amount in your ASB account. Let say ur loan is 100k average dividend rate for 3 years is 7%,

Than the dividend amount can be take as an income

Dividend = 7000

7000 x 80% / 12 = 466 (your income dividend per month)

Even the bank officer only tell us this much..but i will tell u later if i get more info

But for your info bank calculate for future dividend not current or previous dividend...thats why they need average % dividend in 3 years.

Im suggesting u try to apply first. If i said cant im not the person in charge for the loan but from what i know minimum must be 1 year and above...

I have applied for 200k ASB loan from Yellow Bank but I am not sure about the extra 'Profit Charged' in my account.

Description                Debit                  Credit

PROFIT CHARGED++++++RM625.79++++++++++What is this extra 'Profit Charged'?       
RTA PREMIUM DEBIT++++RM6,896.00+++++++++PRTT of 30 years (have to)
GST DEBIT ++++++++++RM3.00++++++++++++GST charge on the ASB cert
MISC DR - CERT FEE++++RM50.00++++++++++++ASB cert
DISBURSEMENT+++++++RM200,000.00++++++++The loan amount
The banker never mentioned about it only the ASB cert, GST and PRTT part, I will surely contact my banker for explanation.
Can someone explain how that 'Profit Charged' came from?

should've reject the takaful bro..rugi

Interest charges? How it is calulated?

Well, Yellow Bank said it compulsory, have to. It must be in full amount. The PRTT has its surrender value: PRTT RM6896 but first year if surrender is about RM5189, so if surrender I will only actually pay 6896-5189=1707 of PRTT. Anyway will plan to have this running for 3-5 years+ at least.

Later when you going to sign the loan with Yellow Bank, could you ask if there are any other charges: ASB cert, cert GST and any 'profit charged'?

ASB promo 5% CIMB now everyone can apply...just need to apply loan atleast min 50k and above can entitle for this rate. Pm me for info.

- insurance optional
- max tenure 30 years
- no lock in period
- islamic financing

BR+1.1% Grab this offer now until end of this year.

TAKE NOTE most bank only provide conventional loan facility. So far i know only CIMB and MAYBANK provide this...other banks im not sure...

so before apply ask the banker if the loan is islamic or conventional.

based on past record everytime PRU is near the dividend is very high. Hopefully this year will be like that also...

Hahah if get 12% im pretty sure the next day, bank increase the BR till 10% and u guys will be walawehhhh....hahahha

Can we register hp no for myasnb at any bank branch?

Phew..thanks. I applied when the interest is 5.2%. 50k, and the monthly repayment is 277. Is it ok? If ok I wanna shoot another loan..

1.68k Bos..

Age factor I guess.. The benefit of early age financial management awareness..