Monkeys really enjoy toys handed to him. Enjoy while it lasts

Lower rate

Although not illegal nor impossible to do otherwise, banks tend change their BR based on the same quantum as the OPR

I wont say that it is guaranteed but at rates as low as it is now, there may still be a margin between the ASB return vs the interest rates

Dah bayar. HLBB bayarkan on your behalf

Your certificate size os rm100k

Your takaful coverage is rm100,390.52

Your takaful single-contribution RM390.52

1. They used your money, which you got from borrowing from them, hence the loan size of rm100k (loan for the asb certificate) + rm390 (loan for the takaful)

2. No. You can choose to pay for the certificate contribution on your own.

Speak to your banker, if you fail to find resolution speak to their CS and file a complaint. if this is serious HLBB will want to know. They are an OK bank but there are always bad officers. I understand why you are so concerned now

By the way, HLBB as with other banks have PR departments involved in combing the internet for comments related to them, especially critical ones, but also includes neutral and positive comments. They will compile and publish them to be read by the staff, as a transparency effort on how well the banks are perceived. If you mentioned the officer's name he will be notified and asked to explain the situation

I know this because some of my comments in this thread were caught and published by the HLBB officers. Say hi to your friendly HLBB officer looking at these comments and publishing them internally love you guys! kisses

This post has been edited by wild_card_my: May 30 2020, 10:57 PM

Do you mind sharing the disbursement notice? (It should be in your email, sent to your email; it kinda replaces the LO which is your application form) along with the takaful certificate. You can hide the critical info if you want, but best if you don't as it makes it easier for me to work with

I am collecting case studies as I am writing a book about mortgages and ASBF (they are related so they can be piled on). Ill credit you by name or lowyat screen-name if you want for the help

This post has been edited by wild_card_my: May 31 2020, 10:49 AM

do check the junk mail folder. Many HLBB clients had their DN filtered as spams, not sure why. Perhaps because HLBB loves to send marketing spam so even the important emails get lumped together as spam

Thanks. Will let people know

I'll answer them anyway

I believe it is due to the level of respect that I have earned among the crowd. They know I am just a service provider and a personal finance practitioner (mortgages, asbf, takaful, etc.) albeit a very experienced one and have answered all questions with to my level best

For example, based on the posts above I have answered a few questions using my insider knowledge, on the intricacies of HLBB ASBF financing, including understanding where the funding from the financing has gone to - split into the certificate and the MRTA. All this done by just looking at the takaful coverage. This is not something even HLBB bankers are able nor interested to do since they see themselves as salespeople while I see myself as a consultant

In other posts I mentioned that I was completing my book on mortgages and ASBF. Following that a few posters mentioned their interest in purchasing them

These positive vobes are simply testaments to my good work and the level of respect I have earned in the community. Look at it this way, similar speeches are perceived differently when given by different people such as a professor vs a politician/thief

Just my 2 cents

You are most welcome. This is very easy since sharing financial nuggets are my passion, just something I enjoy doing. When you enjoy doing something it becomes effortless

Just putting this out there, you can go to the bank or engage anyone here

+ ASBF maximum tenure of 40 years, till the age of 70 years old
+ No lock in period
+ Effective rate is 3.85%
+ Joint-financing available (for those who has no income)

Here's the thing about HLBB, you have to call them. A lot of people have been asking but I can' seem to find that info on the portal too

Yeap, I can do AmBank for 40 years and 70 years old, as low as 818/m. 3.80%

4% then, and cannot tarik to 40 years. Not sure what they are doing

No you do not. The only fees is the RM10 stamping fees and RM50 endorsement by ASNB. One bank currently charges 0.50% of the financing amount for all that, but you can skip that bank if you refuse to pay those fees

Correct.

Right now the longest tenure is 40 years and up until the age of 70 years old. With the extra cash released you can further reinvest in ASB2 or any other investment vehicles

Name starts with H.

I wont say no more.

Betul2. M, R, AM, have not implemented the stamp duty 0.5% yet.

In any case, the 40 years, till age 70 years old only 1 bank doing if I am not mistaken.. anyone looking to refinance are welcome

1. RM3,000 is likely the insurance premium that the banker set you up with. Although the premium and coverage depends heavily on your age, it is very likely that RM3,000 prmeium does not cover your RM200,000 financing for 40 the next years, so you just got yourself a mismatched insurance - shorter than 40-year tenure, or less than RM200,000 coverage. You probably just helped him with his insurance-sales quota

2. RM50 is likely the endorsement by PNB

3. RM10 is likely the letter-offer printing/production fee

4. Commitment fee of 1% of the unutilized amount is standard for overdraft facilities above RM250,000 for ANY Banks. I do not know why it is in the disclosure sheet, maybe it is just a standard disclosure sheet, but it does not concern your RHB term loan

Told you guys to get your services from a broker/consultant and not some fresh bankers These bankers are usually fresh off the unis with high turnovers. They are doing these jobs because they need to survive - not many of them last for too long before jumping to a different line. On the other hand, I run my consultancy backed with my years of banking-sales experience because I want to buy another Continental. You ask these freshies the questions above pun they may not be able to answer on the spot.

Enjoy paying off your RM3,000 insurance in the next 40-years

Check out below, same bank, no insurances required at all


This post has been edited by wild_card_my: Jun 20 2020, 10:41 PM