not really,
i think being young is a blessing,
ASB loan is a long term investment, not for a quick shotgun junkies who want early return,

my advice... do invest early, just jump in 50k or 150k and let it lay there for 5 years or more

just think of it like you paying a car loan,

after that you have a choice,
stop and enjoy the dividend or let the loan pay it self,

or make your ASB loan pay your housing loan and pay it self,
which i already do ehemm eheem

yes asb is considered as commitment,
but if you print that asb book and send it to the bank,
no bank will refuse your proposal for buying a house or a car,
that is if you had a lot in it,

U can get asn loan from rhb booth in some pos office

I'm planning to apply for ASB Loan. Should i wait until January next year or anytime since now is already August. Thank you.

hi guys.. i need some advice.
i just applied for asb loan of 150k for 15 years in february 2014. monthly rm1202.up to now, i have paid 5-6 months..

can i terminate my loan to make way for houseing loan?

my asb loan is from cimb...

thanx in advance!

Anytime is gud to apply

It depends on your income actually. If your DSR is okay and not much commitment every month, there's no need to terminate your ASB loan. OR Just wait for a few more months till you get the ASB dividend next year. Then you can use it as proof of income to the bank.

Photostat the ASB book page with your name on it and the page where they will print the dividend + the bonus. Give to the bank you apply loan with, along with other documents. Hope that helps.

bsn is better..no lockup period..interest only 5.25%

Agreed. Especially after i read this: http://loanstreet.com.my/learning-centre/asb-loans-explained

hai there,anybody know why majlis fatwa malaysia declare HARUS invest in ASB. WHY not halal, when i ask imam at my surau he tell me ASB dividen is SUBHAH(that mean its mix with haram) now i'm in dilema to do asb loan. im scare what answer to give if allah ask me.

Was told by a friend that it's because ASB investing in conventional banks (maybank and public). You can check it out on their 2013 annual report. This investments make ASB non syariah compliant.

if u feel uncomfortable, then there's other shariah compliant scheme available like AHB or even TH (it's not investment, but dividend paid already deduct zakat unlike ASB)

i got ASB loan as well as the book. loan is 60k and for the book i will deposit 500/mth. i remembered the maybank guy said the dividend will be total of both.

so do i get 2 separate dividend or only 1? i am thinking:
1) asb book (dividend based on total of the book)
2) asb loan (dividend based on loan + total book)

kindly advise if this is not the case

60k would be on certificate & Maybank hold it. u cannot withdraw tat.

ASB dividend only 1 (based on 60k & on your balance in passbook). total would be credited into your ASB passbook.

i see.tq for the info. and is it true they said we need to deposit before 1st day each month to get the dividend? or else wont get it for that month.

yup, better to deposit b4 1st day each month if possible

The dividen is based on the lowest amount in ur ASB account for the month.
eg. if 1st of the month u have 5k, u deposit another 5k only on the 10th of the month, then the dividen calculation will only take 5k because it is the lowest amount for the month.

These are two scenarios:
1) Invest own money - rm600 monthly for 25 years. End of 25 years your ASB will be rm548,903.66 (8% interest)

2) Take ASB Loan rm100,000 for 25 years. End of 25 years your ASB will be rm684,847.52 (8%interest) (rm600 monthly repayment)

Conclusion: Take ASB Loan. Difference of rm135,943.86 is huge. Why wait, go to the nearest Bank and Apply now.
Calculations done using Compound Interest Calculator

This post has been edited by rafe001: Aug 29 2014, 10:22 AM

Own money - Not leveraged, but higher margin
ASB LOan - Leveraged returns, but lower margins

The thing is its easier to repay the loan than saving diligently every month. I know i've tried

I have an enquiry.

Currently, I'm taking 100k loan for 25 years. I have been paying rm600/month for the past 2 years. I have used the dividend i got from first year to pay for the 2nd year instalment.

I was wondering what if I stop the loan financing? Do I get the sum that I have been paying for the past 2 years?
I was told by Maybank staff , I wouldn't get back the amount paid to the bank.
But if I pay full for 25 years, I would get 100K?

I'm a bit confused. what if that person decided to stop the financing 12.5 years after taking up the loan? He wouldn't get 50k?