Wanna ask about ASBF.

What's the difference between the different banks like Maybank, RHB and BSN???

Are all the charges the same? Can any of these charges be waived?

What do I need to watch out when taking an ASB loan?

The difference could be the interest rates and the loan tenure. Some 30/35/40 years up to max age of 65/70 years.

I believe RHB offers the lowest at 3.40% (if your salary in acc is change to RHB). Else it’s 3.45%, same as ambank, but rhb is only till age 65, while ambank is 70.

BSN i think is quite low but only 25 years only, but the interest is 3.2X%.

Maybank is slightly higher at 3.55% when i survey back in Aug 2021.

The goal is get the lowest interest rate. Tenure is depend on urself.

Hong leong sometimes they do promo like 3.35% but their stamp duty is 0.5% of ur loan amount, so if u take max at 200k then stamp duty is rm1k, but other bank seems like only rm60. So my opinion is not worth it la

Thank you for your reply!

I haven't looked at RHB but have been looking at Maybank and BSN.
Say, if I just want 30 years tenure...
BSN is BR+0.85% = 2.6 + 0.85 = 3.45%.

and Maybank
https://www.maybank2u.com.my/maybank2u/mala..._financing.page

It seems Maybank also 3.45% if applied online.
If apply at the branch, 3.3% for the first 3 years, then 3.55%.

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If both BSN and Maybank are 3.45%, then how do I choose between them? Must take insurance, is it? No fees can be waived?
and how long does it take to be approved? Once approve, need to go to the branch again?

Sorry. Never had ASB loan so not familiar with the process.

Correct me if I'm wrong. I don't think that you MUST take insurance. Bank charter outlined that they cannot bundle two different products, i.e. lower interest rate if take insurance deal is not allowed. Can even report to BNM if such conditional rate is being offered.

if 3.3% for 1st 5y really wonderful. no T&C will terminate on early 6th

Say if I go with Maybank, 30 years and 3.45%, is there a way to calculate at which year that I'll break even (no loss) if I want to terminate the loan?

Just wondering if still worth to get bank loan to invest into asb despite the dividend they given out for asb 1 account this year. What do you guys think?

i think, as long as the dividend rate is more than the interest rate charges.....then that is "free' money...

How much the dividend given out last month? I think my loan was 3.5% with ambank last time. Still untung?

ASB Historical Returns from 1990 to 2020
ASB Average Historical Returns
https://mypf.my/2020/12/23/asb-historical-r...m-1990-to-2020/

PNB declares X sen ASB dividend
Bernama
Published: Dec 23, 2021
https://m.malaysiakini.com/news/604216

personally still worth to take the ASBF compare u saving using normal ASB.

2021 ASB Dividen asb solid 5 sen/unit. Yes still untung a lot.

correct me if im wrong.

for maybank, gameplan is 5 year to benefit low % for 1st 3y

can someone check is there any T&C refrain me from doing so

Is it same like last year? This year dividend how many %?

this year is not announced until 31st Dec.

so the latest, distributed on 31st Dec 2021 was 5%.

I mean last year. Haha sorry. Anyway, if you guys take asb financing, when you guys will decide to cancel the loan and reapply new one? How many % difference?

nice to see this thread still alive and kicking ))

been long time since u last posted here...

i had offer from ambank of 200k, 3.45% loan. Currently with CIMB since 2016 at 3.85%, 150k.

planning to terminate the cimb

Is this normal? So ppl usually terminate their loan and sign up with another for a lower interest rate?

How long does the approval take? Need to be physically present at the bank?