As long got the word asb SHOULD perform better compare to other asnb products haha

What is the latest interest rate now?

3.7% with max tenure 40 years or age 70 years old.

Is it a good practice that terminate every year loan and reapply a new one?

which bank ?

Most bank. Got the similar offer with Ambank

yes 3.7% is the lowest rate now. Max loan tenure is 40 years (70 years) if your age is 30 years and below.

if u still young its ok to practice this technique. But if you already 33 years and above you should hold longer maybe 3-4 years. You get more if you keep compounding the dividend for a longer year. Like I did, I manage to earn more than 100k by compounding dividend for several years. This money i can use anytime I want and my dividend also increase every year.

Got a refi offer. First 3 years is cheaper, than after that it's higher. New bank strategy I guess.

Although one can argue you can refi before the end of 3 years but I'm too lazy

What is your existing rate and the new refinance offer rate?

if you are 35-40% pass your loan tenure period-even with lower rate. it does not really benefit to terminate and re apply. unless you want to move/change plan of your loan.

This post has been edited by dreign: Jul 9 2022, 07:35 PM

3.65. the offer is 3.55 for first 3 years then 3.80 for the remainder

I it safe to assume that the rates you shared here are before the recent OPR hike?

Yes, just before the recent hike

sad thing is, it will be higher a higher. 0.5%

ASB2 financing quota is coming back Anyone interested to apply? You may contact me..

Some say the interest is as low as 3.8%

Well it still very early, some banks haven't announced their rate yet. So we may see even lower rate, if willing to wait just a little bit.

ASB 2 interest should be lower than asb because base on previous distributions the difference are about 0.5%. If the bank put higher interest rate for asb 2 maybe not many will apply. But as for me im thinking to apply and increase my current ASB portfolio 400k to 600k if can hahaha...This is the only safest way to save money for the future.

This post has been edited by haziqnet: Jul 27 2022, 12:40 PM

can apply already?