Malas la nak engage people like you, that's why I left you and other forummers to argue. We have had our skirmishes in the past and I have taught you a few things over and over again, and I am not interested in that too much anymore.

edit: Those who wants to know what I am talking about can go back and check our skirmishes in the past. As an ex-banker I knew a few technical things but you refused to accept the truths.

You are using personal data to argue your case. These are anecdotal evidences, no different from MLM and insurance people agents who are successful and now showing-off their warez that they bought as if they were right all along. When I do it, I am clear about it. When you are doing it, you are trying to win internet points on an internet argument. I have businesses to run, so I am just going to leave you be for now.

This post has been edited by wild_card_my: Apr 16 2020, 10:02 AM

OD rate is higher than ASBF rate most of the time. Only term loan would give lower financing rates compared to ASBF. OD is very risky for the banks, even if you are pledging your property as the collateral.

OD is definitely riskier than term loan because you are not obligated to pay any of the capital back, only the interests. But their interest/profit rate is definitely higher than term loans, so they are definitely much more profitable than term loans. Commission is the same, it is based on the loan size. I would know.

Even with collaterals, OD rates are still higher than term loans for the above mentioned reasons; people who take OD don't leave it utilized for too long it is only used for quick withdrawals.

Im a refinancing specialist. Nowadays most of my cases have been mortgage refinancing, which is used to unlock the value of the properties. You can either sell OR refinance the property.

Keep in mind that I am a practitioner, I do mortgages as part of my bread and butter, not just spewing theory out of my behind

For those who wants to withdraw your cash investment. But limited to RM500 a month only



This post has been edited by wild_card_my: Apr 20 2020, 09:31 AM

Hurm that is a good question which I'm not sure of. Perhaps one of us can try and share the results here

Thank you

Yes. 500 in total, regardless which asnb fund the money is being withdrawn from

Erm... I have no answer for that since there are people with higher loan limit and likely cash limit as well like one of our members here

The easy answer would be the total cumulative distributions earned. Also you can check ASB annual report and they will break down the number of investors based on their holdings, from less than 10k to more than 500k if I'm not mistaken

I don't know this since this was before my time, but was ASB limit always set at RM200k? Some people have 400k limits for their financing thus their actual limit should be at least 400k as well.

What are you talking about? there was no reason why they couldn't allow us to withdraw online since we were able to buy online from the FPX. The agent-banks were always able to buy-and-sell units on your behalf, the bank could have just transferred the money to your account if they were allowed

But ASNB didn't allow them to

No doesn't make sense.. The loan block limit doesn't increase, it has always been 200k since I started working at the bank year ago. But since ASB started in 1991 I wonder if the limit was higher than 200k. Even now it is impossible to get a loan for RM200k + cash investment if your total cap is only RM200k. And through increasing your softcap your financing cap would still remain at RM200k.

In anycase, Ill take your word for now that the initial capping has always been RM200k per investor since inception

Okay so you are saying at some point, new investors were given 200k unit capping and 400k financing capping, but you can only take as much loans as your softcap has increased?

Not that i know of. Which bank was this?

I can somewhat recall. It was on Whatsapp right?

the banks would only stop charging interest once they get the funds (from redeeming the certificate) from ASNB. Each day passes you would be charged interests (daily rest), while ASB is giving returns based on monthly rest

So if ASNB pays your bank back on the 28th of April, you would have incurred interests on those 28 days, but you WOULD NOT be getting returns for the month of April from ASNB

#themoreyouknow

In your example, 1st of May to qualify for May distribution. The 1st of every month with the exception for 2nd January (to qualify for January distribution). This is not implicitly stated in the ASB/ASNB prospectus or any literatures, just something we have tested and found true


ASB3 would be something you are looking into, yes. But past performances do not guarantee future results, there were times when ASB2 outperformed ASB

That's another thing that we were discussing. Not sure about this, whether or not you are even able to transfer/switch during this period, or if it would be calculated for May distribution

4.40% for max tenure of 40 years till age 65

Thanks for the update. Will use this as reference

Hire purchase and personal loans.

But there have been some hire purchase loans that are variable rate