If asb profit is less than 7% so whats the strategy?

taking 100k for 10 yrs or 200k for 25 yrs? which is better?

taking 100k for 10 yrs or 200k for 25 yrs? which is better?

for investment, u always and always look for higher return with minimum monthly commitment.
take longer contract period so that u can minimize your monthly payment
take higher amount so that u can gain higher profit at the end of financial year
dont rush to settle the ASB loan.

understood sir..

i saw the compounding interest table, at 9th year.. dividend amount is ~200k (provided nvr touch the dividend).. should i withdraw this amount and settle the loan? or continue with loan?

settle loan = monthly no need to pay = vested amount ~200k
do not settle loan = monthly have to pay = vested amount ~400k

Need some advise on this ASB loan/saving strategy...I just use rough calculation

Let say I apply 30k loan for 10years right now
Loan commitment : ~RM3xx/month
Finished paying back 30k loan after *3years

By then, I have the 30k+interest as I finished serving the loan using my own money, after that I took all the money from ASB and apply for 200k loan for 25 years
Loan commitment : ~RM1xxx/month
Paid the first year monthly loan commitment using my 30k and let it on autopilot, pay using own money whenever possible

What do you think of this strategy? Any flaws? Anything that I should be aware of? Should I opt for longer or shorter term for my first loan?
I'll be unable to commit for long term right away as I'm planning to get housing loan in ~3-4years time. Currently I don't have any loan commitment, already have transport and house. No CC.

*minimum lock-in period

at the first place, why do need to loan ASB RM30k where you know that you will have RM30k in next 3 years (I am under my assumption you will have money to make settlement after 3 years out of 10 years loan period)? Please correct me if I misunderstood.

You understand that right. So monthly saving is better at this point(the initial 30k)? I've calculated it and indeed a loan will set me back a few grand...

It just that I don't have any CCRIS record before(all stuff paid in cash; no CC). I'm just afraid that I can't secure the 200k ASB loan later on if I don't have any proven track record and already serving my housing loan at that time. Say my monthly salary is 4k, 1.5k/month for housing loan, no other commitment, is the 200k loan achievable?

Correct me if I'm wrong 

You understand that right. So monthly saving is better at this point(the initial 30k)? I've calculated it and indeed a loan will set me back a few grand...

It just that I don't have any CCRIS record before(all stuff paid in cash; no CC). I'm just afraid that I can't secure the 200k ASB loan later on if I don't have any proven track record and already serving my housing loan at that time. Say my monthly salary is 4k, 1.5k/month for housing loan, no other commitment, is the 200k loan achievable?

Correct me if I'm wrong 

You understand that right. So monthly saving is better at this point(the initial 30k)? I've calculated it and indeed a loan will set me back a few grand...

It just that I don't have any CCRIS record before(all stuff paid in cash; no CC). I'm just afraid that I can't secure the 200k ASB loan later on if I don't have any proven track record and already serving my housing loan at that time. Say my monthly salary is 4k, 1.5k/month for housing loan, no other commitment, is the 200k loan achievable?

Correct me if I'm wrong 

i took 200k loan already.. monthly is around 1.2k, so with house loan 1.5k sum up 2.7k.. it just around ~70% your income.. so bank will approve..
the question is, disposable income only left 1.3k, can you live with it?

no worries. I guarantee they will approved you.
bank earns when they lend you asb loan. the dividends pays them back. no you, literally

ASB is a good option for bumi .. over the years, it never give divident below 7%. Most of them in 8-9% since last 10 years.

Based on my calculation (and realistic, 7% divident average for next 25 years), loan RM200k for 25 years will make you a millionaire once the loan finish. Of course, no withdrawal and keep paying +- RM1200/month (threat it as saving).

Year Amount Dividen Amount After Dividen
1 200000.00 1.07 214000.00
2 214000.00 1.07 228980.00
3 228980.00 1.07 245008.60
4 245008.60 1.07 262159.20
5 262159.20 1.07 280510.35
6 280510.35 1.07 300146.07
7 300146.07 1.07 321156.30
8 321156.30 1.07 343637.24
9 343637.24 1.07 367691.84
10 367691.84 1.07 393430.27
11 393430.27 1.07 420970.39
12 420970.39 1.07 450438.32
13 450438.32 1.07 481969.00
14 481969.00 1.07 515706.83
15 515706.83 1.07 551806.31
16 551806.31 1.07 590432.75
17 590432.75 1.07 631763.04
18 631763.04 1.07 675986.46
19 675986.46 1.07 723305.51
20 723305.51 1.07 773936.89
21 773936.89 1.07 828112.47
22 828112.47 1.07 886080.35
23 886080.35 1.07 948105.97
24 948105.97 1.07 1014473.39
25 1014473.39 1.07 1085486.53

solsekuin44
Based on my reading on this whole thread, you'll only get the 200k cert in the end, as all divident will be credited directly into your account yearly. Don't touch any of the divident and in the end of the 25years, you'll have the XXXk worth of dividen in ASB account and bank will give you the 200k cert.

I see.. Thanks Wira tunggal fan eh?
I love hope.

I asked, maybank islamic asb loan:

1199 monthly
(they did a recalculation based on new system, pprt)
25yrs
200k loan
BLR 1.65 throughout 25 yrs tenure
No exit fee or penalty

I have enough for 2 yrs installment, own money.
Should I take the loan or not?

Is this ok? Good deal?