confirmed

4.25 + 0.75 (first 30k)

so let's say I have 100,000 unit, does this mean I don't get effective 5% but lower?
first 30,000 : 5%
next 70,000 : 4.25%
effective : 4.475% = 30%*5% + 70%*4.25%

For those taking asb loan for 200k, effective dividend is only 4.3625%

5% is only for the first 30k like you said.

alternative calculation:

dividend is 4.25% for all units, so RM100k * 4.25% = RM4250

then you get 0.75% ehsan for only 30k units : RM30k*0.75% = RM225

so, total dividend received is 4250 + 225 = 4475 hence 4.475% effective payout if you have 100,000 units.

I agree with the figure 4.3625%.

30,000 x 5% = 1,500

170,000 x 4.25% = 7,225

1,500 + 7,225 = 8,725

8,725 / 200,000 x 100% = 4.3625% = 4.36% (rounded)

ASB's investment objectives are capital preservation and income generation. It's not primarily for growth.

So it won't give you corona-bounce level double-digit returns, but at least your money won't be lost (just imagining losing money on a 200k loan!).

ASB loan was my first form of investing with leverage (other people's money), and the constant daily unit price and lack of margin calls helps me sleep well at night.

I have other riskier investments with more volatility, but ASB financing belongs in the low risk category (it's like property but has the advantage of liquidity).

Does anyone else think the same?

Nope, 30k is based on 5%

0.75% is additional

So there are two ways to calculate

If you have 100k
30k x 5% = 1500
70k x 4.25% = 2975
1500+2975=4475

100k x 4.25% = 4250
30k x 0.75% = 225
4250+225=4475

Both calculations are correct
the

Nope, 30k is based on 5%

0.75% is additional

So there are two ways to calculate

If you have 100k
30k x 5% = 1500
70k x 4.25% = 2975
1500+2975=4475

100k x 4.25% = 4250
30k x 0.75% = 225
4250+225=4475

Both calculations are correct
the

Hi all. I'm asking on behalf of a friend.

What is the shortest tenure of takaful coverage for Maybank ASB loan?

I've contacted an officer in Maybank on the asb2 loan on wednesday morning, gave my IC and payslip and received the approval sms in the afternoon. Then on Thursday, I was asked to withdraw the balance in my asb2 and signed the documents at the branch. On Friday, I've checked my maybank account which I've registered for the standing instruction for the repayment, they have deducted the RM10 for the stamping. As of today, the fund have not been disbursed and I have not received the second sms like you mentioned. No mention from my officer on the allocation is still not yet secure till I receive the second sms. I assume since they deduct the RM10 from my account for the stamping, the fund is already allocated to me.

Update: After checking with my officer again, it is true it is not confirm till you get the disbursement sms. They will reimburse me back the RM10 for stamping if there is no fund available. So have to just wait now. When did you apply btw?

Ya, just got the loan disbursed sms today.

Applied and got the approval sms last week Wednesday, 13/10. Did the withdrawal from my asb2 account on Thursday 14/10. Loan is disbursed today.

Yes i guess looking at the past fund performance. You're going to put your asb2 money into asb 3?

Mine is ambank at 3.3%.