oh ok...now I understand ...thanks

Hi guys. I just want to get ur opinion.. I'm planning to invest in asb with max 200k value.. Just that i'm not sure to go for asb loan or refinance my current home.. For my house the remaining balance to pay to the bank is about 156k. Have been paying about rm1.1k for about 10 years and i find the interest is slightly high compare to current rate. So i plan to take 360k refinancing for 20 years of which 200k from that portion goes to asb, remaining to settle the loan. . From the calculation done via loanstreet it should around 2.4k payment per month.. Pro is that i have 200k cold cash in hand but i need to serve the loan for 20 yeara @ 2.4k. Another option is via asb loan.. From calculations done from loansteet calculator i should be paying around 940+ for 20 years, but from the schedule that maybank provided its around 1.3k per month. Which is correct im not sure but i'll assume the latter ia correct. Pro is that i can stop the loan if my financial doesnt permit or br too high but i can only gain the interest.. Both methods will require me forkout extra 1.3k per month, only diff is risk and gain.. Thats why i would love to get your opionion as to which method ia better.

This post has been edited by lancer_ajai: Sep 4 2015, 08:36 AM

is it a good choice to 'invest' in ASB with our current economy situation?

if worry, u should wait for dec divvy announcement & see how the rate..

then only in Jan decide to invest or not

thank you for your heads up

my fren said the blr might go up next year ,but if i start now ,with current blr ,it will stay as it is

rate going up next year?

I tot Bank impose BR now instead of BLR?

I think im gonna wait till dec to see the dividen

Hi guys need some advise, took a 200k asb loan (30 years) with CIMB, got approved few days ago but I'm now thinking now to getI'd rather get 100k (10 years)

Is it still possible to do so?

good decision

guys,

ASB bonus will be based on a few years money in it .. let say I have 250k in ASB for 10 years and I have enjoy full bonus .. 1 day, I withdraw for about RM100k and put it back after 1-2 months ... the year end, will I enjoy full bonus or I have to wait next year? Or even worst 10 years to enjoy full bonus payout?

Thanks

for refinancing, bank only give max 10yrs loan only... better check

you will be entitle for the bonus, but not full...

Anybody know whether the ASB loan is still available given the potential moratorium which may be imposed by Bank Negara few months aback?

Is there a reason to take the asb loan during start of the year instead of now(end of the year) due to dividend?

If taking the 200k loan means the account need to be cleared empty first?

I just started working and thinking of taking the loan

Just to get full dividend on it. No issue if you taking now. I taking my first 100k asb loan few years back around Oct. Yet I still manage to get 2k+ dividend from it. Notbad.jpeg
btw, I suggest you to divide it into 100k + 100k. Easy for exit plan.

ASB Lon is godsent. FREE MONEY. like seriously

Sorry noob here.

I have been paying for ASB loan, which is 30k. 200 monthly pay. Of course theoritically if dividend they will take 7-8% from that 30k 'loan'. How about if we have balance from previous savings. Will they calculate (30k + xxx amount) x 7-8%? Sorry really noob in this matter, but hoping to learn.

Yes, dividend will calculate based on your available balance (loan+ your own money inside ASB account)