intresting that maybank and RHB offer a ASB loan
interest around 6++ and ASB reture around 7-8%
is it worth to take it???
which one better RHB or Maybank???
ASB loan, worth to get it???
|
|
 Apr 6 2008, 01:34 PM, updated 18y ago
Show posts by this member only | Post
#1
|
 
Junior Member
44 posts Joined: Sep 2006 
|
|
Quote|
|
|
|
|
Apr 6 2008, 02:00 PM
Show posts by this member only | Post
#2
|
All Stars
15,192 posts Joined: Oct 2004
|
ASB loan is offering to Bumi only. So I am not sure about it.
|
|
|
Apr 6 2008, 02:09 PM
Show posts by this member only | Post
#3
|
Senior Member
795 posts Joined: Nov 2004 
|
if that loan is 6.++% then the divident payout by ASB is 6-8%...i thnk u better stick to FD since u can direct get 3.7% interest..
|
|
|
Apr 6 2008, 02:11 PM
Show posts by this member only | Post
#4
|
Junior Member
19 posts Joined: Sep 2007
|
yes , u have to be a bumi to enjoy the ASB loan scheme
|
|
|
Apr 6 2008, 07:36 PM
Show posts by this member only | Post
#5
|
Elite
15,855 posts Joined: Jan 2003
|
QUOTE(goolie @ Apr 6 2008, 02:09 PM) if that loan is 6.++% then the divident payout by ASB is 6-8%...i thnk u better stick to FD since u can direct get 3.7% interest.. goolie, A) FD You put in $100 and you get 3.7% B) ASB loan You put in $0 aka NOTHING and you get 1% to 2%. Do you understand the difference? It is FREE MONEY. Dreamer Added on April 6, 2008, 7:49 pm QUOTE(ding_dong @ Apr 6 2008, 01:34 PM) intresting that maybank and RHB offer a ASB loan ding_dong,interest around 6++ and ASB reture around 7-8% is it worth to take it??? which one better RHB or Maybank??? 1) Shop around for the lowest rate. 2) If you assume that ASB dividend rate is higher than the loan rate, it is worth it. 3) You need some extra money to cover the 1 year worth of payment since ASB pay dividend yearly. Dreamer This post has been edited by dreamer101: Apr 6 2008, 07:50 PM |
|
|
Apr 6 2008, 11:50 PM
Show posts by this member only | Post
#6
|
|
Junior Member
44 posts Joined: Sep 2006
|
thank dreamer101
u got my point about this schme will seach for the bes intrest between these 2 and it depend to BLR so it possible for BLR to hike more than 8%??? |
|
|
|
|
|
Apr 7 2008, 12:43 AM
Show posts by this member only | Post
#7
|
|
Elite
15,855 posts Joined: Jan 2003
|
QUOTE(ding_dong @ Apr 6 2008, 11:50 PM) thank dreamer101 ding_dong,u got my point about this schme will seach for the bes intrest between these 2 and it depend to BLR so it possible for BLR to hike more than 8%??? <<so it possible for BLR to hike more than 8%???>> Everything is possible. But, it is not likely. A) There is TOO MUCH liquidity aka money in the bank now. B) BLR could go up because it is too low but I doubt it could hit 8%. The main thing is how much risk that you want to take versus how much buffer / spare money that you have?? You can have two approaches 1) Buy ASB only with your money and use the dividend to buy more aka slow and steady. 2) Have one year's worth ASB loan payment and borrow to the max that you can. Pay off the loan earlier by making more payment by using the excess of dividend versus loan interest. The best choice is probably a combination of (1) and (2) that balance the risk and reward. Most people get toasted because they spent the dividend as opposed to having the discipline of NOT SPENDING the dividend and use it to pay down the ASB loan. In the old days, the ASB dividend were 14% and there were no limit on ASB. So, I wonder what excuse that people give for not getting rich. Dreamer This post has been edited by dreamer101: Apr 7 2008, 12:44 AM |
|
|
Dec 10 2008, 09:34 PM
Show posts by this member only | Post
#8
|
Senior Member
1,406 posts Joined: Dec 2005 From: Kuala Lumpur
|
i took a RM20K asb loan from maybank, started two years, then i stopped recently because i don't think its worth paying off the loan interest.. i'd rather take a little off my time to queue once in a month at a counter to save using my own money. i hope the article below(google-d it a minute ago) gives a rough idea for people unsure to take save using own money or take a loan for asb: » Click to show Spoiler - click again to hide... « This post has been edited by mooze: Dec 10 2008, 09:35 PM kdr93 liked this post
|
|
|
Dec 10 2008, 10:29 PM
Show posts by this member only | Post
#9
|
Junior Member
89 posts Joined: Nov 2008
|
Hmm...it sound interesting.
But if u stand at the bank point of view, will that be possible? What bank & insurance company did is always they WIN all the time. How possible they will miss this out? Better to check the T&C carefully...maybe some tricks over there. |
|
|
Dec 11 2008, 10:53 AM
|
Junior Member
481 posts Joined: Jun 2006
|
Loan or use ur own money for ASB.. for me i think its more related to time. If u want to have something to spend at the end of the year.. go for loan.. but if u think u can wait till 10 - 15 years.. just save using ur own money. Life quite short u know. Just enjoy it
|
|
|
Dec 11 2008, 11:06 AM
|
|
Junior Member
89 posts Joined: Jun 2005
|
pls google around. there are some people providing the calculator that compare saving in asb using loan vs topup monthly.
overall, i could say that not worth using loan. do u think y bank offer such loan? because they themselves can't put the money on it. so, they use us. sikit2 lama2 jadi bukit! <- iklan ASB, remember? |
|
|
 Dec 11 2008, 12:27 PM
|
Junior Member
66 posts Joined: Sep 2008
|
For me,it was worth it.I manage to get an offer from Maybank for ASB Loan of RM30K at interest rate of BLR-1.75% for the first 2 years and BLR-1% thereafter.So, i have to pay RM215.00 monthly.As the dividend was steady at 7-8% yearly,i manage to get a dividend of about RM2400 yearly.So,for the past 1 year i pay as usual and starting next year if PNB declared 8% dividend , i will get RM2400 dividend.So, i will pump in this dividend into ASB loan and only need to pay another 180 for next year.So,starting next year if the dividend still steady i just need to top up around 200 yearly and by the end of my loan i will get my RM30K.Currently my interest at 4.75% due to reduction in BLR.For me,it was worth!!!.So,total i have to pay is RM2580(12x215) + (200x19 years) = RM6380.So,overall, i paid RM6,380 but in return i get RM30,000.00. Count it yourself.Mb next year onward if more offer i will try to apply another ASB loan.
|
|
|
Dec 11 2008, 12:56 PM
|
|
Senior Member
3,944 posts Joined: Jul 2008
|
<<<Dari contoh simpanan ASB RM 100,000 yang terdiri dari Deposit RM 5,000 manakala RM 95,000 pinjaman bank mengikut kadar BLR + 0.5% (iaitu 6.9% setahun) ==> Bayaran bulanan RM 731 untuk tempoh 20 tahun.
Seperti yang diiklan, dividen akan diberi terus kpd anda. Contoh: dividen 7% setahun, anda akan dapat RM 7,000 setiap tahun. Boleh dibelanjakan apa saja anda suka dan at the end of 20 years, anda akan terima RM100,000 yang boleh digunakan untuk beli rumah, pendidikan anak dan sebagainya. Cara A - Gunakan dividen untuk bayar semula pinjaman Hasil pengiraan saya menggunakan software Optimoney, jika dividen 7% setahun atau RM 7,000 itu dibayar semula kpd bank untuk mengurangkan baki pinjaman anda, loan ASB anda dijangka selesai dalam masa 7 tahun 6 bulan dengan jumlah pembayaran penuh hampir RM 120,827 (termasuk deposit RM5,000 dan dividen RM7,000 yg dibayar semula setiap tahun) Ini bermakna, anda terpaksa membayar RM 120,000 untuk mendapatkan RM100,000 selepas 7 hingga 8 tahun. Untung atau rugi? Jika anda labur RM 731 ke dalam ASB setiap bulan selama 8 tahun pun, simpanan anda akan menjadi RM 94,260. Campur deposit RM 5,000 yang disimpan utk 8 tahun juga,future value adalah RM 8,590. Total nilai pelaburan anda = 102,850. Dah lebih 100,000 dah.>>> You cannot use old blr to compare. For my housing loan offer is BLR - 1.88 = 6.5 - 2.88 = 4.62% Let assume ASB loan to be 5% ASB RETURN TO be 7% annually. You loan 95 k for 20 years and 5k down payment. That means you got to pay RM 627 Monthly and RM 7524 annually. With ASB annual return of 7% you will got RM 7000.00 dividend. So basically 7524 - 7000 = 524 that means you got to pay RM 524 Annually. For 20 years = RM 10480 So total you pay RM 5000 + RM 10480 = RM 15480 only.... Look at it this way you pay RM 15480 to get RM 100K in 20 years time....and the rm 15480 is not one lump sum which you can pay monthly....How many percent return?? 645% return in 20 years..... Government is always helping the bumi... just that the bumi don know how to help themselves Pathetic isn't  This post has been edited by darkknight81: Dec 11 2008, 12:57 PM |
|
|
|
|
|
Dec 12 2008, 05:04 PM
|
|
Junior Member
91 posts Joined: Dec 2007
|
QUOTE(darkknight81 @ Dec 11 2008, 12:56 PM) <<<Dari contoh simpanan ASB RM 100,000 yang terdiri dari Deposit RM 5,000 manakala RM 95,000 pinjaman bank mengikut kadar BLR + 0.5% (iaitu 6.9% setahun) ==> Bayaran bulanan RM 731 untuk tempoh 20 tahun. Just curious, how do you calculate that the monthly payment would be RM627/month based on RM95,000 loan with 5% interest? Not too good with these banking interest calculations.Seperti yang diiklan, dividen akan diberi terus kpd anda. Contoh: dividen 7% setahun, anda akan dapat RM 7,000 setiap tahun. Boleh dibelanjakan apa saja anda suka dan at the end of 20 years, anda akan terima RM100,000 yang boleh digunakan untuk beli rumah, pendidikan anak dan sebagainya. Cara A - Gunakan dividen untuk bayar semula pinjaman Hasil pengiraan saya menggunakan software Optimoney, jika dividen 7% setahun atau RM 7,000 itu dibayar semula kpd bank untuk mengurangkan baki pinjaman anda, loan ASB anda dijangka selesai dalam masa 7 tahun 6 bulan dengan jumlah pembayaran penuh hampir RM 120,827 (termasuk deposit RM5,000 dan dividen RM7,000 yg dibayar semula setiap tahun) Ini bermakna, anda terpaksa membayar RM 120,000 untuk mendapatkan RM100,000 selepas 7 hingga 8 tahun. Untung atau rugi? Jika anda labur RM 731 ke dalam ASB setiap bulan selama 8 tahun pun, simpanan anda akan menjadi RM 94,260. Campur deposit RM 5,000 yang disimpan utk 8 tahun juga,future value adalah RM 8,590. Total nilai pelaburan anda = 102,850. Dah lebih 100,000 dah.>>> You cannot use old blr to compare. For my housing loan offer is BLR - 1.88 = 6.5 - 2.88 = 4.62% Let assume ASB loan to be 5% ASB RETURN TO be 7% annually. You loan 95 k for 20 years and 5k down payment. That means you got to pay RM 627 Monthly and RM 7524 annually. With ASB annual return of 7% you will got RM 7000.00 dividend. So basically 7524 - 7000 = 524 that means you got to pay RM 524 Annually. For 20 years = RM 10480 So total you pay RM 5000 + RM 10480 = RM 15480 only.... Look at it this way you pay RM 15480 to get RM 100K in 20 years time....and the rm 15480 is not one lump sum which you can pay monthly....How many percent return?? 645% return in 20 years..... Government is always helping the bumi... just that the bumi don know how to help themselves Pathetic isn't This post has been edited by dcs*: Dec 12 2008, 06:17 PM |
|
|
Dec 12 2008, 06:42 PM
|
Senior Member
1,382 posts Joined: Nov 2006
|
Just curious, is the dividend of ASB always 7-8% ?
This post has been edited by YuNGSeNG: Dec 12 2008, 06:50 PM |
|
|
Dec 12 2008, 08:02 PM
|
|
Senior Member
3,944 posts Joined: Jul 2008
|
QUOTE(dcs* @ Dec 12 2008, 06:04 PM) Just curious, how do you calculate that the monthly payment would be RM627/month based on RM95,000 loan with 5% interest? Not too good with these banking interest calculations. Using the loan calculator of RHB bank... you can use other bank will be the same. base on 5% interest rates...Added on December 12, 2008, 8:08 pm QUOTE(YuNGSeNG @ Dec 12 2008, 07:42 PM) Just curious, is the dividend of ASB always 7-8% ? ASB dividend has been the highest among all the PNB fund. Normally the past record is 7sen dividend plus 2 sen bonus... so is about 9% ... 7% can consider as the worst case senario already.This post has been edited by darkknight81: Dec 12 2008, 08:08 PM |
|
|
Dec 12 2008, 09:20 PM
|
|
Senior Member
1,382 posts Joined: Nov 2006
|
QUOTE(darkknight81 @ Dec 12 2008, 08:02 PM) ASB dividend has been the highest among all the PNB fund. Normally the past record is 7sen dividend plus 2 sen bonus... so is about 9% ... 7% can consider as the worst case senario already. ASB seem too good if compare with mutual fund or stock market (For investment but not speculation).Wondering what is the disadvantage or risk of ASB ? |
|
|
Dec 12 2008, 09:36 PM
|
|
Junior Member
91 posts Joined: Dec 2007
|
QUOTE(YuNGSeNG @ Dec 12 2008, 09:20 PM) ASB seem too good if compare with mutual fund or stock market (For investment but not speculation). The only disadvantage would be applicable for non-bumiputra's. For bumi's, no risk/disadvantage at all only advantages.Wondering what is the disadvantage or risk of ASB ? |
|
|
Dec 12 2008, 09:57 PM
|
|
Senior Member
1,382 posts Joined: Nov 2006
|
QUOTE(dcs* @ Dec 12 2008, 09:36 PM) The only disadvantage would be applicable for non-bumiputra's. For bumi's, no risk/disadvantage at all only advantages. Then no meaning for bumiputera to involve in mutual fund, stock market or insurance endowment plan ?I guess there must be some pro and con of ASB. |
|
|
Dec 13 2008, 12:37 AM
|
|
Senior Member
3,944 posts Joined: Jul 2008
|
QUOTE(YuNGSeNG @ Dec 12 2008, 10:57 PM) Then no meaning for bumiputera to involve in mutual fund, stock market or insurance endowment plan ? Of course ... for those who are greedy and want fast return they won consider ASB at all....What is 7 % per annum ?? I guess there must be some pro and con of ASB. They can earn 20% one day by trading stock (that is their mindset) So its all depend on how you think.... But really if you got few k savings in asb you will not see much return base on 7% annual return unless you keep for long long time. Been fans of ASW and ASM since 12  now is almost 13 years already ... Every you can reciv dividend which is higher than FD... At least can hedge against inflation |
|
|
Dec 13 2008, 11:10 AM
|
|
Senior Member
1,382 posts Joined: Nov 2006
|
QUOTE(darkknight81 @ Dec 13 2008, 12:37 AM) Of course ... for those who are greedy and want fast return they won consider ASB at all....What is 7 % per annum ?? So, are you mean the best investment (long term investment but not speculation) for bumiputera will be ASB ?They can earn 20% one day by trading stock (that is their mindset) So its all depend on how you think.... But really if you got few k savings in asb you will not see much return base on 7% annual return unless you keep for long long time. Been fans of ASW and ASM since 12 now is almost 13 years already ... Every you can reciv dividend which is higher than FD... At least can hedge against inflation |
|
|
Dec 13 2008, 11:32 AM
|
|
Senior Member
3,944 posts Joined: Jul 2008
|
QUOTE(YuNGSeNG @ Dec 13 2008, 12:10 PM) So, are you mean the best investment (long term investment but not speculation) for bumiputera will be ASB ? I din say it is the best investmet... The best investment is depends on individual....But if i am bumi i won play any UT i would rather put my money into ASB. Like currently i am doing my saving in ASW and ASM... Did not invest 1 sen even in any UT. This post has been edited by darkknight81: Dec 13 2008, 11:34 AM |
|
|
Dec 15 2008, 03:15 PM
|
|
Junior Member
117 posts Joined: Sep 2007
|
Just went to see Maybank ASB loan promo n I think its very attractive.
1-3yrs = BLR - 1.45% = 5.05% Thereon..BLR-1.30% = 5.20% Somemore loan is REDUCING BALANCE !! and bear in mind, dividend is compounding. I think this is a very2 good deal indeed. This post has been edited by Vieri777: Dec 16 2008, 06:03 PM |
|
|
Dec 15 2008, 05:06 PM
|
|
Senior Member
3,944 posts Joined: Jul 2008
|
QUOTE(Vieri777 @ Dec 15 2008, 04:15 PM) Just went to see Maybank ASB loan promo n I think its very attractive. Yup provided you are bumi 1-3yrs = BLR - 1.45% = 5.05% Thereon..BLR-1.30% = 5.15% Somemore loan is REDUCING BALANCE !! and bear in mind, dividend is compounding. I think this is a very2 good deal indeed.  |
|
|
Dec 15 2008, 05:49 PM
|
 
VIP
8,023 posts Joined: Jan 2003 From: :: Cheras :: 
|
2008 return is 8.75 sen/unit. I'm not sure how much is dividend and how much is bonus.
|
|
|
Dec 15 2008, 07:40 PM
|
|
Junior Member
6 posts Joined: Aug 2005
|
7% divident and 1.75% bonus. a slightly lower than last year punya divident and bonus.
Anyway thanks to PNB and our G  |
|
|
Dec 15 2008, 08:26 PM
|
Senior Member
2,047 posts Joined: Dec 2004 From: Kampong Pisang
|
under 18 eligible to apply this loan ?
 |
|
|
Dec 15 2008, 10:34 PM
|
|
VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
|
QUOTE(afique @ Dec 15 2008, 07:40 PM) 7% divident and 1.75% bonus. a slightly lower than last year punya divident and bonus. Bonus is pretty worthless. 7% dividend only?Anyway thanks to PNB and our G Bonus is only good if uve been maintaining stable balance for the past 10 years or so  |
|
|
Dec 16 2008, 07:20 AM
|
Junior Member
59 posts Joined: Nov 2008 From: Gunung Celaka
|
From what i understand is that using this method we can get roughly 1-2% of annual return. So i just wanna ask how good is taking up loans for ASB to protect against inflation? I always thought that these days inflation can easily go to 4% and that alone is already enough to outweight our annual return.
|
|
|
Dec 16 2008, 09:24 AM
|
|
VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
|
A lot of people take ASB loan as a mean of 'forced saving'. You can sometimes get more return compared to saving on ur own but you also have to take into account the probability of BLR going up, and if you fail to service your loan, they'll just sell your cert and make more money out of you.
I take the middle road - use savings to buy ASB cert and do an OD against it. Improves my cashflow a lot and I dont hv to worry about interest or repaying back too much - I only hv to serve the interest of whatever amount that I withdrew. At the same time my ASB is still untouched and can get decent amount of dividend  |
|
|
Dec 16 2008, 09:33 AM
|
|
Junior Member
117 posts Joined: Sep 2007
|
typical. already get free money but still wanna complain. only 7% lah, lousy bonus lah. please wake up n realise that this is FREE MONEY and RISK FREE. try n go see the queue when PNB launch any funds that is open to non-bumi as well. i guarantee you if they also open ASB to non-bumi, it will be finished in a blink !!!
by taking a loan means you get to leverage and you are compounding your leverage by about 7-8% interest every year ! u think got loan for ASW2020 ? ASM ? why u think only got loan for ASB ? still complain ka ? think about it.... apologies if i sound too harsh, but sometimes it just get on my nerves. no offence intended. peace.  This post has been edited by Vieri777: Dec 16 2008, 09:38 AM |
|
|
Dec 16 2008, 10:54 AM
|
|
VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
|
Vieri,
Hi. Appreciate your thoughts First of all, it's not risk free. Investment-linked products are never risk free. Yes ASB typically beats returns from other type of investments as well. But you have to remember that prior to 2004, ASB loans were BLR+something, typically BLR+1.00 (this was when BLR was around 6.00). If they take a loan during this period, after 2006, they have to serve 7.75% interest on 7.30sen return (2006) and 8sen return (2007). (1.25% / 1% / 1.75% bonus is only worth something if you've been maintaining a good balance for the past 10 years). This year, they're paying 603m every 1% dividend and only 678m on 1.75% bonuses. If you want to argue about 'free money' on the 1-2% - then I have to agree with you. But remember that , for these people, banks typically push for max loans that they can afford (or cant afford). I was offered 50k ASB loan on 2k salary at BLR+0.5% a couple of months back - go figure. That's excluding hidden fees such as MRTA, stamping fee, agreement fee, sijil fee, early exit fee etc. Currently the market loan rate is very good. I'd say go for it if you can. Make sure that you have enough money to cover the interest for a year. Dividend is compounding ONLY if u keep them inside (means payment for interest hv to come from your own pocket). Shop around for better rates - Maybank's rate for home mortgage is among the lousiest, I assume the ASB loan rate is the same too. |
|
|
Dec 16 2008, 05:49 PM
|
|
Junior Member
117 posts Joined: Sep 2007
|
SydG,
isnt the capital guaranteed by Gov? doesnt that mean zero-risk? of course return is not guaranteed but what was the lowest return ?ASB can be savings plan/retirement plan/education for kids but definitely not for u to take out dvd n go shopping  key points... -dvd is compounding n loan is reducing. -ASB will kira dvd based on lowest monthly balance. -n dont forget LEVERAGE ! -opss ONE more....loan is insured ! for a 25yr 100k loan, monthly is 611 now...run that on excel and see what happens. think about it laa bro, why Gov dont open to non-bumi ? why only ASB got loan ? This post has been edited by Vieri777: Dec 16 2008, 06:02 PM |
|
|
Dec 16 2008, 09:23 PM
|
|
Senior Member
3,944 posts Joined: Jul 2008
|
QUOTE(Vieri777 @ Dec 16 2008, 06:49 PM) SydG, isnt the capital guaranteed by Gov? doesnt that mean zero-risk? of course return is not guaranteed but what was the lowest return ?ASB can be savings plan/retirement plan/education for kids but definitely not for u to take out dvd n go shopping key points... -dvd is compounding n loan is reducing. -ASB will kira dvd based on lowest monthly balance. -n dont forget LEVERAGE ! -opss ONE more....loan is insured ! for a 25yr 100k loan, monthly is 611 now...run that on excel and see what happens. think about it laa bro, why Gov dont open to non-bumi ? why only ASB got loan ? Yup thats y i mentioned before " the government is trying their very best already to help the bumis... but most of the time... the bumis don know how to help themselves  "What do you expect again....? almost minimal capital to make an almost guaranteed return on investment..... We chinese got to take so much risk on busines and investment... Sound harsh but is real fact ..... This post has been edited by darkknight81: Dec 16 2008, 09:25 PM |
|
|
Dec 16 2008, 09:30 PM
|
|
Junior Member
59 posts Joined: Nov 2008 From: Gunung Celaka
|
But what if you take into consideration that inflation rises around 2-3% every year? Then there wouldnt be much use to take up loans for ASB rite? Well thats what i think. RM100k 25 years in the future will be less of value than RM100k now
|
|
|
Dec 16 2008, 09:45 PM
|
|
Senior Member
3,944 posts Joined: Jul 2008
|
QUOTE(Hadey @ Dec 16 2008, 10:30 PM) But what if you take into consideration that inflation rises around 2-3% every year? Then there wouldnt be much use to take up loans for ASB rite? Well thats what i think. RM100k 25 years in the future will be less of value than RM100k now  Use your logic brother....IF YOU GOT 100K to invest yes you got to consider the inflation.....But for ASB LOAN... you basically don need any capital ok.....use the dividend to pay the loan.. and you end up own 100k.... |
|
|
Dec 16 2008, 09:57 PM
|
|
Junior Member
59 posts Joined: Nov 2008 From: Gunung Celaka
|
QUOTE Use your logic brother....IF YOU GOT 100K to invest yes you got to consider the inflation..... But for ASB LOAN... you basically don need any capital ok.....use the dividend to pay the loan.. and you end up own 100k.... Well if u can get a 0% interest loan then ok la.. But loan nowadays has around 6% p.a interest. ASB dividen is around 8% p.a. So ur actual returns per year is only around 2% per annum. Take that 2% annual return that u get, u have to minus with a 2-3% increase in inflation every year. So at last you wont get anything This post has been edited by Hadey: Dec 16 2008, 10:03 PM |
|
|
Dec 16 2008, 10:04 PM
|
|
Senior Member
3,944 posts Joined: Jul 2008
|
QUOTE(Hadey @ Dec 16 2008, 10:57 PM) Well if u can get a 0% interest loan then ok la.. But loan nowadays has around 6% p.a interest. ASB dividen is around 8% p.a. So ur actual returns per year is only around 2% per annum. Take that 2% annual return that u get, u have to minus with a 2-3% increase in inflation every year. So at last you wont get anything For my housing loan offer is BLR - 1.88 = 6.5 - 2.88 = 4.62%Let assume ASB loan to be 5% ASB RETURN TO be 7% annually. You loan 95 k for 20 years and 5k down payment. That means you got to pay RM 627 Monthly and RM 7524 annually. With ASB annual return of 7% you will got RM 7000.00 dividend. So basically 7524 - 7000 = 524 that means you got to pay RM 524 Annually. For 20 years = RM 10480 So total you pay RM 5000 + RM 10480 = RM 15480 only.... Look at it this way you pay RM 15480 to get RM 100K in 20 years time....and the rm 15480 is not one lump sum which you can pay monthly....How many percent return?? 645% return in 20 years..... |
|
|
Dec 16 2008, 10:56 PM
|
|
Junior Member
59 posts Joined: Nov 2008 From: Gunung Celaka
|
OK i see.. so thats the correct calculation for it.. Thanx man
|
|
|
Dec 17 2008, 11:02 AM
|
|
Junior Member
117 posts Joined: Sep 2007
|
leverage bro.....leverage.
thats why its worth it. |
|
|
Dec 17 2008, 03:57 PM
|
|
VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
|
Collected info :
RHB : BLR - 1.25% for whole tenure CIMB : First three BLR - 1.6%, rest BLR - 1.3% or First 5 years BLR - 1.4, rest BLR - 1.3% Maybank's rate given by Vieri777 is only for loan >50k |
|
|
Dec 17 2008, 06:11 PM
|
|
Junior Member
117 posts Joined: Sep 2007
|
those are very good rates, indeed !
take the lowest rate, as much as u can afford.. n watch the money grow !!  |
|
|
Dec 18 2008, 01:37 AM
|
Senior Member
618 posts Joined: Oct 2005 From: Puchong, Selangor
|
QUOTE(Syd G @ Dec 17 2008, 03:57 PM) Collected info : on tuesday,RHB : BLR - 1.25% for whole tenure CIMB : First three BLR - 1.6%, rest BLR - 1.3% or First 5 years BLR - 1.4, rest BLR - 1.3% Maybank's rate given by Vieri777 is only for loan >50k i went to cimb jalan duta and i saw the rates were different 5.xx for 3 years, BLR - 1.3 for the rest and 5.yy for 5 years, BLR - 1.3 for the rest 5.yy is more than 5.xx so, erm are the figures accurate or up-to-date? any internet links on the rates? btw, i still cimb offer the best rates for ASB loan. |
|
|
Dec 18 2008, 08:29 AM
|
|
VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
|
There's another rate by Maybank but only for 50k and above
First 2, BLR - 2. Rest is BLR - 1.25 You can always refinance after 2 years. No exit penalty Added on December 18, 2008, 8:30 am QUOTE(Darkchild11 @ Dec 18 2008, 01:15 AM) Agree with u on this.. I'm glad i did the OD too.. This only works if you do hv a decent sum of dough to start with, else the ASB loan is the only other option This post has been edited by Syd G: Dec 18 2008, 08:30 AM |
|
|
Dec 18 2008, 10:00 AM
|
|
Junior Member
117 posts Joined: Sep 2007
|
QUOTE(Darkchild11 @ Dec 18 2008, 01:15 AM) Agree with u on this.. I'm glad i did the OD too.. i thot OD rate is quite high ? plus commitment fee ? other charges ?n not much leverage plus you need to already have a good amount of capital first ?  compared apple to apple, which gives better return ? Maybank...First 2yrs, BLR-2 ? where did you get this bro ? CIMB...i oso got the same rate as ttwangsa. called them up 2 minutes ago. First 3yrs-5.15%, Thereafter...BLR-1.3% or First 5yrs-5.35%, Thereafter...BLR-1.3% MinLoan 10k Max 200k MinTenor 5yrs Max 20yrs LockUp=3yrs....exit penalty=3.5% x LoanAmount After 3yrs....1% x Prepymt Amount This post has been edited by Vieri777: Dec 18 2008, 10:28 AM |
|
|
Dec 19 2008, 09:12 AM
|
|
VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
|
ASB loan Maybank BLR-2? I called my personal loan officer
OD can start from 5k onwards. BLR-1 for CIMB (90%), BLR for RHB (100%), BLR for Maybank (90%) I heard from the radio news that OPR is going down again (US planning to cut to 0.25%. wow). Good news to people with good payment history. Cheap loans |
|
|
Dec 19 2008, 06:18 PM
|
|
Senior Member
618 posts Joined: Oct 2005 From: Puchong, Selangor
|
QUOTE(Syd G @ Dec 19 2008, 09:12 AM) ASB loan Maybank BLR-2? I called my personal loan officer 2 minutes ago i called 1 300 66 88 OD can start from 5k onwards. BLR-1 for CIMB (90%), BLR for RHB (100%), BLR for Maybank (90%) I heard from the radio news that OPR is going down again (US planning to cut to 0.25%. wow). Good news to people with good payment history. Cheap loans http://www.maybank2u.com.my/site_functions...us.shtml#callus QUOTE Maybank Group Customer Care pressed 1 for Malay Language(24 hours daily, including holidays) Tel: 1-300-88-6688 (for domestic customers) 603-7844 3696 (for overseas customers) pressed 2 for Maybank2u pressed 99 for Talk to customer service executive i asked about the maybank asb loan according to the lady it depends on promotion but as of today for 50k and above (the best rate) year 1 - year 3 = BLR - 1.45 thereafter = BLR - 1.3 why is your personal loan officer's rate different from maybank official rate? |
|
|
Dec 20 2008, 01:19 AM
|
|
Junior Member
34 posts Joined: Oct 2008
|
the loan is totally worth it.my mother and my father take this loan when the first time it was launched.they both take 100k each.and now all my sibling car and their houses was paid by free money(pnb money).why i said it's a free money because the bank give u the capital to invest.let say u take 100k loan and u need to pay the bank 120k.but u not paying it by u own money.u pay using the dividend money that u received every year(assumed u take 20years loan).but u must remember not to touch the dividend too.if u say saving by ur own it much better it's not true coz u only saved rm600-700 a month.how much the dividend that u'will get that year.after 10years u still cant even enjoyed the same dividend the loan scheme for 100k received for only 1 year.plus if u a have the discipline to pay that amount of money every month.BUT if U DO HAVE A BIG CAPITAL TO START INVESTING IN ASB(eg 100k) then it's better than loan scheme.actually the bank did this scheme because they cant invest the bank money to ASB so they use the borrowers to invest for them.so they can get some money from the interest and the borrowers gain some free money from the dividend-interest(the interest usually BLR-1.xx-based on all my family asb loan interest).For me,It's a win-win situation.
sorry for the long posting. |
|
|
Dec 20 2008, 09:03 AM
|
|
Junior Member
30 posts Joined: Oct 2008
|
dont go for ASB loan if want to loan below 100k... not worth...
bank charges + interest.. not so much diff.. with ASB Interest + dividen.... |
|
|
Dec 21 2008, 02:25 AM
|
|
Junior Member
34 posts Joined: Oct 2008
|
QUOTE(eizshah5 @ Dec 20 2008, 09:03 AM) dont go for ASB loan if want to loan below 100k... not worth... this calculation based on my asb loan at maybank.i take this loan scheme since i was 19 and it's already 3 years now.bank charges + interest.. not so much diff.. with ASB Interest + dividen.... i paid 429 every month for 15years for my loan scheme.so for those who doesnt know where the 5148 figure at without(w/o) table this is the calculation=429x12months=5148.but for w/o loan table u must remember to deposit that 5148 amount lump sum at the early month of the year coz asb dividend is calculated based on the deposit date.so if not it will be slightly decreased.hope this table can help u guys make a better judgement.if my calculation was wrong feel free to let me know. Loan year initial dividend profit balance 1 50000 8% 4000 54000 2 54000 8% 4320 58320 3 58320 8% 4665.6 62985.6 4 62985.6 8% 5038.85 68024.45 5 68024.45 8% 5441.95 73466.4 6 73466.4 8% 5877.3 79343.7 7 79343.7 8% 6347.5 85691.2 8 85691.2 8% 6855.3 92546.5 9 92546.5 8% 7403.7 99950.2 10 99950.2 8% 7996 107946 11 107946 8% 8635.7 116581.7 12 116581.7 8% 9326.5 125908.2 13 125908.2 8% 10072.65 135980.7 14 135980.7 8% 10878.45 146859.2 15 146859.2 8% 11748.7 158607.9 Paid 77220 Nett Profit 81387.9 Assumption no dividend withdrawal for 15 years fix dividend at 8% every year fix interest rate Comparison profit - 81387.7 punctual payment W/O Loan year saving initial dividend profit balance 1 5148 5148 8% 411.8 5559.8 2 5148 10707.8 8% 856.6 11564.4 3 5148 16712.4 8% 1337 18049.4 4 5148 23197.4 8% 1855.8 25053.2 5 5148 30201.2 8% 2416.1 32617.3 6 5148 37765.3 8% 3021.2 40786.5 7 5148 45934.5 8% 3674.8 69609.3 8 5148 54757.3 8% 4380.6 59137.9 9 5148 64285.9 8% 5142.9 69428.8 10 5148 74576.8 8% 5966.1 80542.9 11 5148 85690.9 8% 6855.3 92546.2 12 5148 97694.2 8% 7815.5 105509.7 13 5148 110657.9 8% 8852.6 119510.5 14 5148 124658.5 8% 9972.7 134631.2 15 5148 139779.2 8% 11182.3 150961.5 Paid 77220 Nett Profit 73741.5 Assumption no dividend withdrawal for 15 years fix dividend at 8% every year Comparison profit - 73741.5 must have good discipline to spend for every month can be withdrawn for emergency This post has been edited by tonyek: Dec 21 2008, 02:50 AM |
|
|
Jan 3 2009, 07:54 PM
|
|
Junior Member
281 posts Joined: Jul 2005
|
wat's the requirement to take asb loan ?
|
|
|
Jan 3 2009, 08:18 PM
|
|
Senior Member
1,382 posts Joined: Nov 2006
|
QUOTE(Darkchild11 @ Dec 18 2008, 01:15 AM) Agree with u on this.. I'm glad i did the OD too.. May I know OD is it stand for overdraft ? |
|
|
Jan 3 2009, 08:26 PM
|
|
Junior Member
281 posts Joined: Jul 2005
|
wat's the requirement to take asb loan ?
|
|
|
Jan 3 2009, 08:41 PM
|
Senior Member
5,580 posts Joined: Jan 2005
|
what is this year divident? ..
.. |
|
|
Jan 3 2009, 08:50 PM
|
|
Junior Member
281 posts Joined: Jul 2005
|
wat's the requirement to take asb loan ?
Added on January 3, 2009, 8:51 pmwat's the requirement to take asb loan ? This post has been edited by luvfun: Jan 3 2009, 08:51 PM |
|
|
Jan 4 2009, 11:52 AM
|
Senior Member
5,220 posts Joined: Jan 2003
|
for those with properties you gain more with refinancing your property and use the extra cash for investing. The rates are much better than ASB loans ie. BLR - 2.0 to BLR - 2.5. For more explanation you can read here :- http://countryheightsgrowerscheme.blogspot...ney-during.html
* Do note that BLR & dividen rates are not fixed so you must keep in track whenever there are changes. For example if BLR goes up to all time high of 12% but your investment only returns 6-8%, you still lose out. This post has been edited by DannyOP: Jan 4 2009, 11:56 AM |
|
|
Jan 15 2009, 06:58 PM
|
|
Junior Member
151 posts Joined: Oct 2008
|
QUOTE(Seng_Kiat @ Jan 3 2009, 08:41 PM) what is this year divident? .. Yes. what is the dividend & bonus for year 2009?? .. |
|
|
Jan 16 2009, 09:39 AM
|
|
Junior Member
6 posts Joined: May 2008
|
QUOTE(mooze @ Dec 10 2008, 09:34 PM) i took a RM20K asb loan from maybank, started two years, then i stopped recently because i don't think its worth paying off the loan interest.. i'd rather take a little off my time to queue once in a month at a counter to save using my own money. i m curious that in ASB, is it no compound interest there????if got, it is not rm7k per month.but more than that..i hope the article below(google-d it a minute ago) gives a rough idea for people unsure to take save using own money or take a loan for asb: » Click to show Spoiler - click again to hide... « This post has been edited by anmc86: Jan 16 2009, 09:40 AM |
|
|
Jan 28 2009, 01:21 AM
|
|
Senior Member
5,580 posts Joined: Jan 2005
|
any one here has the information about repayment amount versus period for maybank/rhb/cimb??? mind to share? ..
|
|
|
Jan 28 2009, 05:04 PM
|
|
Junior Member
8 posts Joined: Dec 2008
|
memang xmunasabah...
tapi bg yg susah menyimpan...nie la skim yg selamat dan terjamin sekali... mana2 pun mesti ada rate interest yg berlainan... e2 terpulang pd invidu untuk menilai la... sepanjang hdp...boleh ke kita menyimpang RM30000 dalam sekelip mata? xkan.... |
|
|
Jan 29 2009, 02:55 PM
|
|
Senior Member
5,580 posts Joined: Jan 2005
|
anybody know the rate for this loan from maybank/cimb/rhb? anybody have the monthly payment for this?
|
|
|
Jan 29 2009, 03:03 PM
|
Senior Member
1,484 posts Joined: Jul 2005 From: Klang 
|
QUOTE(Seng_Kiat @ Jan 29 2009, 02:55 PM) anybody know the rate for this loan from maybank/cimb/rhb? anybody have the monthly payment for this? For Maybank the loan rate is 4.20%. |
|
|
Jan 29 2009, 03:06 PM
|
|
Senior Member
5,580 posts Joined: Jan 2005
|
let say maybank branch kl, the rate is 4.2%. If you go to other maybakn branch, say in johor, is the rate is still the same?
|
|
|
Jan 29 2009, 10:00 PM
|
Junior Member
130 posts Joined: May 2008
|
I am still blur about ASB loan until now wether it is worth to take or not. I have read many books regarding investment such as Rich dad poor dad and from Azizi Ali (millionaires planet). Both of them never recommend to borrow money to invest because of bank interest. Should I listen to both these millionaires guys about no to borrow money to invest (ASB loan) or any one can tell me wether this advice is wrong or not?  One thing, I had read somewhere in the website (forgot where already..  ) regarding comparison between self saving and loan about this asb. The study was written by someone (officer) in Maybank for comparison. From her study, self saving every month will always outperform the ASB loan in term of nett profit because of no interets deduction and it is nett. She never recommend to take take a loan for ASB as it is not worth it. If someone cannot commit to save every month for saving then why he/she able to pay monthly debt (loan)? Any idea is it correct or wrong?Just asking... |
|
|
Apr 28 2009, 09:47 PM
|
|
Junior Member
198 posts Joined: Nov 2008
|
QUOTE(DenshaOtoko @ Jan 29 2009, 10:00 PM) I am still blur about ASB loan until now wether it is worth to take or not. I have read many books regarding investment such as Rich dad poor dad and from Azizi Ali (millionaires planet). Both of them never recommend to borrow money to invest because of bank interest. Should I listen to both these millionaires guys about no to borrow money to invest (ASB loan) or any one can tell me wether this advice is wrong or not? i am taking asb loan for 40k last year .. just started paying Jan this year.. at the time , already got the 2008 dividen (not sure how much coz it accumulate with my ASB cash) . One thing, I had read somewhere in the website (forgot where already.. ) regarding comparison between self saving and loan about this asb. The study was written by someone (officer) in Maybank for comparison. From her study, self saving every month will always outperform the ASB loan in term of nett profit because of no interets deduction and it is nett. She never recommend to take take a loan for ASB as it is not worth it. If someone cannot commit to save every month for saving then why he/she able to pay monthly debt (loan)? Any idea is it correct or wrong?Just asking... paying rm440 p/month based on BLR - 1.25 (at the time BLR rate is 6.75) ... its reduce to RM416 p/month started may 2009 (new rules from Bank Negara , payment automaticly adjust based on BLR). I am also thinking many-many times before taking an ASB loan. Its actually OK, if the ASB dividen maintance at 7-8% with BLR lower than 7%. But, we look from the other point. Loan is always a loan .. its dont care if we used it for investment or for spending. The bad things is our next loan application also calculated the ASB loan, thus for the bank our income is become thin then our loan offered should be less. I am lucky since got a cash to redeem the ASB loan, maybe after 2 years or depending on the dividen given this year  |
|
|
Apr 29 2009, 01:40 AM
|
|
Junior Member
60 posts Joined: Apr 2009
|
wow....i tot this ASB loan is so simple but when i read all the comment and case studies it is not that simple anymore....
from what i understand Loan(100000) ASB Interest8%(8000) Bank InterestBLR5.55-1.25(4300) so Profit(8000-4300=3700) so basically i will get 3700 for free every year right?? but this is not the case after i read all your comments...so where is the flaw in my calculation |
|
|
Apr 29 2009, 08:38 AM
|
|
Senior Member
618 posts Joined: Oct 2005 From: Puchong, Selangor
|
you have to payback the principal
if you want a calculation like that, go for ASB O/D. Added on April 29, 2009, 2:35 pm QUOTE(DenshaOtoko @ Jan 29 2009, 10:00 PM) I am still blur about ASB loan until now wether it is worth to take or not. I have read many books regarding investment such as Rich dad poor dad and from Azizi Ali (millionaires planet). Both of them never recommend to borrow money to invest because of bank interest. Should I listen to both these millionaires guys about no to borrow money to invest (ASB loan) or any one can tell me wether this advice is wrong or not? you read wrongly la, One thing, I had read somewhere in the website (forgot where already.. ) regarding comparison between self saving and loan about this asb. The study was written by someone (officer) in Maybank for comparison. From her study, self saving every month will always outperform the ASB loan in term of nett profit because of no interets deduction and it is nett. She never recommend to take take a loan for ASB as it is not worth it. If someone cannot commit to save every month for saving then why he/she able to pay monthly debt (loan)? Any idea is it correct or wrong?Just asking... buy house = take a loan azizi has a book property rich dad too key word here is leverage.. a question i ask my friends if someone is willing to lend you 1 million, with 200% interest per year, would you take it? the answer is it depends on whether i can put the 1 million and get 300% in profit. leverage. borrow from lower rate, put in higher rate, get the difference. This post has been edited by ttwangsa: Apr 29 2009, 02:35 PM |
|
|
Apr 29 2009, 04:15 PM
|
Senior Member
594 posts Joined: Mar 2005 From: Bowser Koopa Castle
|
I dont know how they guy from the other forum calculate, but im pretty sure its wrong. ASB loan is like a housing loan right? It is reducing balance and not like a car loan/hire purchase.
Please correct me if im wrong. I remembered there is a blog somewhere he did the same calculation as what mooze quoted, after a few months he corrected his calculation and say is better to get a ASB loan. That aside, consider this: RM100,000 ASB loan with current BLR rate for 20 years. RM100,000 x 8% (conservative) for the 1st year = RM8000 Payment for the year = RM620 (today's rate) x12 = RM7440 Ofcourse u only get extra RM560 But use the RM8000 from the 1st year to pay for Year-2 That means your year 2 is free. Do the same for next year and keep on doing that. After 20 years, with just RM7440 you get RM100,000 free. Summary: 1. First year pay RM7440, 2. Use RM8000 from prev year's dividend to pay for next year. 3. Repeat step 2 for the next 19 years. |
|
|
Apr 29 2009, 07:45 PM
|
|
Senior Member
618 posts Joined: Oct 2005 From: Puchong, Selangor
|
i guess the post was posted when BLR was 6.75 and abs loan rate was BLR + instead of BLR -
so at BLR 6.75 + 0.5 compared to ASB return of 7 obviously its what you would call a "bad debt" debt that makes you poorer. borrow 7.25% get return 7% but at the current condition most ASB loans are BLR - BLR - 1.56 i think for CIMB anyways 5.55 - 1.56 is less than ASB return (less just call it 5% because economy is very bad) so its still profitable. put it this way if you buy a house, you take a loan down payment + all the legal docs = RM 500 you pay the bank 500/month, the rent is 550/month would you take it? same goes for ASB loan. you get 7% out of RM 200k per year if in doubt just fire up your excel sheet and do the calculations yourself |
|
|
Apr 30 2009, 03:40 PM
|
|
Junior Member
60 posts Joined: Apr 2009
|
QUOTE(koopa @ Apr 29 2009, 04:15 PM) I dont know how they guy from the other forum calculate, but im pretty sure its wrong. ASB loan is like a housing loan right? It is reducing balance and not like a car loan/hire purchase. there is a talk of mixing asb loan and OD....can u explain to me how does that work...i mean why does it gives you more profit?Please correct me if im wrong. I remembered there is a blog somewhere he did the same calculation as what mooze quoted, after a few months he corrected his calculation and say is better to get a ASB loan. That aside, consider this: RM100,000 ASB loan with current BLR rate for 20 years. RM100,000 x 8% (conservative) for the 1st year = RM8000 Payment for the year = RM620 (today's rate) x12 = RM7440 Ofcourse u only get extra RM560 But use the RM8000 from the 1st year to pay for Year-2 That means your year 2 is free. Do the same for next year and keep on doing that. After 20 years, with just RM7440 you get RM100,000 free. Summary: 1. First year pay RM7440, 2. Use RM8000 from prev year's dividend to pay for next year. 3. Repeat step 2 for the next 19 years. |
|
|
Apr 30 2009, 05:04 PM
|
|
Senior Member
618 posts Joined: Oct 2005 From: Puchong, Selangor
|
i guess
O/D's concept is like this using your already existing ASB account, mortgage it to the bank you only pay the interest (BLR - 1.25 for CIMB, 90% of face value) every year you get the dividend from your ASB its like renting a house for RM 500, and re-renting it for 550 the house won't be yours asb loan, you take a loan to get your ASB you have a fixed amount to pay, this is like buying a house and renting it, per month basis, this pays less than ASB O/D but it all becomes yours at the end of the loan period. i guess its all leverage and which one is more profitable depends on a few things like how big is your current ASB account size, how well do you THINK this year's payback will be, basically you can even treat your O/D like an ASB loan, but not vice versa i guess that's why the rate for ASB loan is better than O/D. i'm not sure if this answers your question or if my explanations has a few holes in them, but i hope it helps you understand. |
|
|
Jun 4 2009, 10:50 PM
|
Senior Member
732 posts Joined: May 2008
|
the loan only suitable for those who dont have discipline to save money
|
|
|
Dec 21 2009, 09:49 AM
|
Senior Member
734 posts Joined: Jan 2007 From: Sri Petaling
|
if u can disciplined urself paying loan to banks every single month,why cant u do the same thing to invest every month into ASB???...i think this is the biggest rip off from the banks to public..i dont believe taking a loan for investment..if u have xtra money,invest...if u dont,juz duduk diam diam
|
|
|
Mar 21 2010, 09:46 PM
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(imax80 @ Jun 4 2009, 10:50 PM) the loan only suitable for those who dont have discipline to save money Totally agree |
|
|
Mar 22 2010, 01:48 PM
|
Senior Member
1,527 posts Joined: Jan 2008
|
QUOTE(imax80 @ Jun 4 2009, 10:50 PM) the loan only suitable for those who dont have discipline to save money If u cant discipline yourself, i think its better to tell ur bank to deduct a certain percentage of ur income directly to your savings account. So every month, there will be a standing instruction to automatically deduct say 10% of ur income directly to ASB. I think its better than letting the banks swallow your money through ASB loan.Personally though, I look forward to put more money into my investment account myself..Because u get the feeling like you're paying yourself and putting more money for urself.. everytime i put more money in my asb i feel like i am getting richer. I dont feel like I am depriving myself..but that is just my way of thinking. |
|
|
Mar 23 2010, 06:47 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(myvi5949 @ Mar 22 2010, 01:48 PM) If u cant discipline yourself, i think its better to tell ur bank to deduct a certain percentage of ur income directly to your savings account. So every month, there will be a standing instruction to automatically deduct say 10% of ur income directly to ASB. I think its better than letting the banks swallow your money through ASB loan. Auto debit is it? Will there be any extra charge? This is better I than going to a post office or banks every month Personally though, I look forward to put more money into my investment account myself..Because u get the feeling like you're paying yourself and putting more money for urself.. everytime i put more money in my asb i feel like i am getting richer. I dont feel like I am depriving myself..but that is just my way of thinking. |
|
|
Mar 24 2010, 03:48 PM
|
Junior Member
45 posts Joined: Apr 2009
|
QUOTE(imax80 @ Jun 4 2009, 10:50 PM) the loan only suitable for those who dont have discipline to save money for me...if taking 100k for 20 years payment asb loan, based on repayment table MAYBANK it rm602 per month....total for yearly payment 602x12=7224 If dividend as of 2009=7.3%...so 100000x7.3%=7300 u only have to save money to pay for the 1st year period... for 2nd till 20 years onli using the dividend to paid the installment... no need to save money after 1st initial year u earning the dividend....n let it be for next 20 years ull earn 100k for only paid 7224+other fee...  if u have extra money always can top-up money to grow ur investment.... |
|
|
Mar 24 2010, 04:04 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
But that's if the dividend stays the same right? What about the BLR? If it goes up in future?
|
|
|
Mar 24 2010, 04:34 PM
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(cagar11th @ Mar 24 2010, 03:48 PM) for me...if taking 100k for 20 years payment asb loan, based on repayment table MAYBANK it rm602 per month.... Aiyo, these people always easily get conned by bank. Go do your own calculations lah.total for yearly payment 602x12=7224 If dividend as of 2009=7.3%...so 100000x7.3%=7300 u only have to save money to pay for the 1st year period... for 2nd till 20 years onli using the dividend to paid the installment... no need to save money after 1st initial year u earning the dividend....n let it be for next 20 years ull earn 100k for only paid 7224+other fee... if u have extra money always can top-up money to grow ur investment.... If you put RM 7,224 cash every year for 20 years AND if you can get 7.3% interest annually AND reinvest your dividends, your money will be worth RM 328,326.39 due compounding effect of interest. If you take the loan you will get RM 100,000 and not much else. Where does the extra 238,326.39 goes to? Ask the bank, as they will love you.  This post has been edited by gark: Mar 24 2010, 04:41 PM |
|
|
Mar 25 2010, 10:16 AM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
The bank won't easily give you 200,000 if they gain nothing
|
|
|
Mar 26 2010, 11:20 AM
|
Junior Member
86 posts Joined: May 2008 From: Taman Universiti Kajang
|
QUOTE(gark @ Mar 24 2010, 04:34 PM) Aiyo, these people always easily get conned by bank. Go do your own calculations lah. moral of the story....in 20years...u ll have savings RM100K++...........and ASB dividen like 2009 is 8.55%....every year dividen 7%-8%.....If you put RM 7,224 cash every year for 20 years AND if you can get 7.3% interest annually AND reinvest your dividends, your money will be worth RM 328,326.39 due compounding effect of interest. If you take the loan you will get RM 100,000 and not much else. Where does the extra 238,326.39 goes to? Ask the bank, as they will love you. Let say u take ASB Loan 200K... BLR : 5.80% Promosion by Maybank now : -1.65% ============= Final = 4.15% ============= monthly will be RM1,100-00 Tenure for 25years Assume Dividen 7% (total dividen 2009 8.55%) Payment : RM1,100.00 X 12 months = RM13,200.00 Dividen : RM200,000.00 X 7% = RM14,000.00 EXCESS DIVIDENT = RM800.00 so u can use the dividen to pay the next 2nd year untill 25Years.......correct me if i m wrong.................. |
|
|
Mar 26 2010, 11:29 AM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(omels @ Mar 26 2010, 11:20 AM) moral of the story....in 20years...u ll have savings RM100K++...........and ASB dividen like 2009 is 8.55%....every year dividen 7%-8%..... Yes you can get the dividend to pay the loan and principal, but if you calculate properly, you can get much more by paying direct to ASB.. your choice of whether you want 100k or 300k. If you keep paying the loan with dividend basically your money will not grow for the next 25 years. Inflation will eat you alive. Let say u take ASB Loan 200K... BLR : 5.80% Promosion by Maybank now : -1.65% ============= Final = 4.15% ============= monthly will be RM1,100-00 Tenure for 25years Assume Dividen 7% (total dividen 2009 8.55%) Payment : RM1,100.00 X 12 months = RM13,200.00 Dividen : RM200,000.00 X 7% = RM14,000.00 EXCESS DIVIDENT = RM800.00 so u can use the dividen to pay the next 2nd year untill 25Years.......correct me if i m wrong..................  Look at the calculation of my last reply.  This post has been edited by gark: Mar 26 2010, 11:35 AM |
|
|
Mar 26 2010, 11:57 AM
|
|
Junior Member
86 posts Joined: May 2008 From: Taman Universiti Kajang
|
QUOTE(gark @ Mar 26 2010, 11:29 AM) Yes you can get the dividend to pay the loan and principal, but if you calculate properly, you can get much more by paying direct to ASB.. your choice of whether you want 100k or 300k. If you keep paying the loan with dividend basically your money will not grow for the next 25 years. Inflation will eat you alive. yeah correct...but not all people have 100K @ 200k cash to invest.....if u got big cash...then go on..... Look at the calculation of my last reply. |
|
|
Mar 26 2010, 01:00 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(omels @ Mar 26 2010, 11:57 AM) yeah correct...but not all people have 100K @ 200k cash to invest.....if u got big cash...then go on..... No one is asking you invest 200k cash lumpsump. . Just imagine since you are going to pay Maybank RM 1,100 for 25 years, what if instead you pay the bank but pay to ASB instead? What will the results be like?Use back your assumption of 7% dividend, and pay RM 1,100 a month. (a) if you pay RM 1,100 per month to ASB and reinvest the dividend, after 25 years you will get = RM 893,329.41 (b) if you pay RM 1,100 of the dividend is used to pay Maybank, after 25 years you will get =RM 220,000.00 Which one you prefer? You still pay the same amount at RM 1,100 per month either to the bank or ASB only. Don't get conned by bank easily. This post has been edited by gark: Mar 26 2010, 01:02 PM |
|
|
Mar 26 2010, 01:08 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(gark @ Mar 26 2010, 01:00 PM) No one is asking you invest 200k cash lumpsump. Wow, big difference yeah? . Just imagine since you are going to pay Maybank RM 1,100 for 25 years, what if instead you pay the bank but pay to ASB instead? What will the results be like?Use back your assumption of 7% dividend, and pay RM 1,100 a month. (a) if you pay RM 1,100 per month to ASB and reinvest the dividend, after 25 years you will get = RM 893,329.41 (b) if you pay RM 1,100 of the dividend is used to pay Maybank, after 25 years you will get =RM 220,000.00 Which one you prefer? You still pay the same amount at RM 1,100 per month either to the bank or ASB only. Don't get conned by bank easily. |
|
|
Mar 26 2010, 03:18 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(Sabahan101 @ Mar 26 2010, 02:37 PM) but the difference is the RM1,100 paid every month for your (a) is your own pocket money while for (b) the money comes from dividend (which is free money) There is no free money, just that you are surrendering your future profit. In the end what is it that you want to achieve? You want to earn big money for a comfortable retirement right? If you want good profits then you must not use leverage for this kind of investment, you need blood, sweat and tears to earn and invest the money. If you want to go for the loan way, another simple calculation for you to open your eyes. You pay Maybank Rm 1,100 per month for 25 years = 1,100 x 12 x 25 = RM 330,000 Your gains after 25 years = RM 200,000 (principal) + (RM 800 (extra dividend) x 25) = RM 220,000 Your profit = RM 220,000 (your gain) - RM 330,000 (your liability) = - 110,000 (Realized loss), YES that is a NET loss of RM 110,000 for entire loan/investment period. So the compounded returns of your investment (ROI) via Maybank's ASB loan is - 1.6077 %  Even put money in 0.2% interest savings account also don't lose like that.The above is a very simple accounting, yet so many have their eyes clouded by instant gratification or money that they lose sight of their future plans, that they are willing to lose money in the long term. The bank is the one earning YOUR money. Sigh, so many falls for this.... . I must give credit to the banks, they are very smart in marketing these ASB plans. Kudos to them. (Time to buy more Maybank shares. )This post has been edited by gark: Mar 26 2010, 03:34 PM |
|
|
Mar 26 2010, 03:35 PM
|
|
Junior Member
86 posts Joined: May 2008 From: Taman Universiti Kajang
|
QUOTE(gark @ Mar 26 2010, 01:00 PM) No one is asking you invest 200k cash lumpsump. this ASB loan u gonna pay for 1st year only.....then u 'goyang kaki' for the next year untill 25years................, got dividen end of 1st year, then u pay at JAN 2nd year for the whole 2nd year.....not need to go bank anymore to pay rm1,100..... . Just imagine since you are going to pay Maybank RM 1,100 for 25 years, what if instead you pay the bank but pay to ASB instead? What will the results be like?Use back your assumption of 7% dividend, and pay RM 1,100 a month. (a) if you pay RM 1,100 per month to ASB and reinvest the dividend, after 25 years you will get = RM 893,329.41 (b) if you pay RM 1,100 of the dividend is used to pay Maybank, after 25 years you will get =RM 220,000.00 Which one you prefer? You still pay the same amount at RM 1,100 per month either to the bank or ASB only. Don't get conned by bank easily. p/s: but if u can dicipline urself to pay rm1,100 using ur own money each month for the 25years, please go on laaa........." Tepuk Dada, Tanya Duit Poket".........remember, 1st year u cant get rm14K for dividen, because total 1st year in ur account is RM13200 only......  of course laa........but the thing is, for me i cant dicipline myself to pay even rm1000 from my salary each months for 25 years......that s why this ASB Loan for me quite good........This post has been edited by omels: Mar 26 2010, 04:40 PM |
|
|
Mar 26 2010, 04:14 PM
|
|
Senior Member
732 posts Joined: May 2008
|
yup i admit that there is a special magic we can manipulate with ASB Loan..i wish there will be ASW loan since it is very much the same with ASB loan in term of capital protected.
|
|
|
Mar 26 2010, 07:44 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(omels @ Mar 26 2010, 03:35 PM) this ASB loan u gonna pay for 1st year only.....then u 'goyang kaki' for the next year untill 25years................, got dividen end of 1st year, then u pay at JAN 2nd year for the whole 2nd year.....not need to go bank anymore to pay rm1,100..... Omels,p/s: but if u can dicipline urself to pay rm1,100 using ur own money each month for the 25years, please go on laaa........." Tepuk Dada, Tanya Duit Poket".........remember, 1st year u cant get rm14K for dividen, because total 1st year in ur account is RM13200 only...... of course laa........but the thing is, for me i cant dicipline myself to pay even rm1000 from my salary each months for 25 years......that s why this ASB Loan for me quite good........Investment is easy, just set up your bank to auto deduct lar.... think of RM 800k, sure can already. Also refer to my last post, are you sure you will goyang kaki for 25 years? Not the bank goyang kaki ah? Invest via maybank you will lose -1.6% per year wor.... This post has been edited by gark: Mar 26 2010, 07:46 PM |
|
|
Mar 26 2010, 08:32 PM
|
|
Senior Member
732 posts Joined: May 2008
|
paying ASB loan RM200K wif dividen for 25 years? 25 years later RM200K might worth the same wif RM20K today
|
|
|
Mar 26 2010, 08:47 PM
|
|
Junior Member
86 posts Joined: May 2008 From: Taman Universiti Kajang
|
QUOTE(gark @ Mar 26 2010, 07:44 PM) Omels, As i said, " Ask Ur Pocket Money" if u have monthly very postve cash flow, then go on for auto deduction........When u apply loan from bank, of course they wanna their bnft too...it s fair, unless u borrow from Ah Long laa..... Investment is easy, just set up your bank to auto deduct lar.... think of RM 800k, sure can already. Also refer to my last post, are you sure you will goyang kaki for 25 years? Not the bank goyang kaki ah? Invest via maybank you will lose -1.6% per year wor.... |
|
|
Mar 26 2010, 08:54 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(omels @ Mar 26 2010, 08:47 PM) As i said, " Ask Ur Pocket Money" if u have monthly very postve cash flow, then go on for auto deduction........When u apply loan from bank, of course they wanna their bnft too...it s fair, unless u borrow from Ah Long laa..... Well it's a choice everyone must make. Seems like you are willing to pay RM 330,000 to gain RM 220,000. Well it's not my cup of tea. This post has been edited by gark: Mar 26 2010, 09:02 PM |
|
|
Mar 26 2010, 09:13 PM
|
|
Junior Member
86 posts Joined: May 2008 From: Taman Universiti Kajang
|
QUOTE(gark @ Mar 26 2010, 08:54 PM) Well it's a choice everyone must make. Seems like you are willing to pay RM 330,000 to gain RM 220,000. Well it's not my cup of tea. yup...maybe ur cup of tea is to pay rm1.1K monthly for 25 years with "auto dedection" to get ur amount.....Well, " Mamak...Teh Tarik satu, Kurang Manis".... |
|
|
Mar 26 2010, 10:30 PM
|
|
Junior Member
24 posts Joined: Nov 2007
|
the key to benefit from the asb loan is not to take out any of the dividend to service the loan. You should continue to make the monthly payment from your own money throughout the loan period.
so that at the end of the 25 yrs you have the full loan amount in your account + all the dividends earned. say on a 200k loan for 25 yrs, at a fix rate of 8% - the dividend amount will increase as every year your total asb saving will be 200k (loan) +dividend. at the end of 25yrs, you own the 200k plus all the dividend which totals up to more than 1 million. |
|
|
Mar 27 2010, 12:00 AM
|
Junior Member
20 posts Joined: Mar 2006
|
actually ASB loan is really worth it,if u know how to use..let say you have some balance in your ASB account,for example 30k. Then you loan for 55k add up from your current balance..then it will become 85k. 1.55k monthly repayment is RM562(included insurance) for 10 years 2.if ASB dividend give you 8%, then 85000X0.08=RM6800 3. RM6800 divided by 12 months = RM 566.66 so the dividend can cover your monthly payment for one year,but of course u need to pay yourself for one year straight until the dividend announce. |
|
|
Mar 30 2010, 05:20 PM
|
|
Newbie
1 posts Joined: Aug 2009
|
hi...
i have one question regarding asb loan.. last year,i made an asb loan about rm35k for 5 years.. every month,i need to pay rm679 including insurance.. after 2 years i am planning to pay a lump sum to finish the loan.. my question is...do the remaining 3 years loan that i need to pay inclusive with interest and if not how they calculate the remaining lump sum that need to be paid?? |
|
|
Apr 4 2010, 11:05 PM
|
Senior Member
2,207 posts Joined: Aug 2008
|
QUOTE(globalvibes @ Apr 6 2008, 02:11 PM) yes , u have to be a bumi to enjoy the ASB loan scheme BTW, I have one colleague who is a Serani (portugis), he is consider Bumi and enjoys benefit of ASB, just dun understand Hope 1 day PM will announce all Malaysians can enjoy the benefit of ASB coz we are 1 Malaysia now |
|
|
Apr 5 2010, 04:38 PM
|
|
Senior Member
732 posts Joined: May 2008
|
QUOTE(mars1069 @ Apr 4 2010, 11:05 PM) BTW, I have one colleague who is a Serani (portugis), he is consider Bumi and enjoys benefit of ASB, just dun understand may the parent mix marriage malay + portugis Hope 1 day PM will announce all Malaysians can enjoy the benefit of ASB coz we are 1 Malaysia now |
|
|
Apr 5 2010, 07:41 PM
|
|
Senior Member
2,207 posts Joined: Aug 2008
|
QUOTE(imax80 @ Apr 5 2010, 04:38 PM) may the parent mix marriage malay + portugis no, he is "pure" Serani, both his parents are Serani in Melaka's Portugese Settlement, he told me all Serani is Bumi, sounds very interesting need to dig my Kamus Dewan to check the meaning of "Bumi" |
|
|
Apr 5 2010, 09:11 PM
|
Senior Member
5,379 posts Joined: Jul 2009
|
QUOTE(mars1069 @ Apr 5 2010, 07:41 PM) no, he is "pure" Serani, both his parents are Serani in Melaka's Portugese Settlement, he told me all Serani is Bumi, sounds very interesting Serani/Portugese are considered Minority that allowed to invest in ASB scheme. This group shd be considered Bumi by defination, as this group of ppl already in Malaya b4 the Srivijaya/Majapahit influence to Malaya. But then many states (except for Melaka) do not recognise Portugese in other states, like in KL/Selangor, they do not enjoy bumi discount when buying property in these states. need to dig my Kamus Dewan to check the meaning of "Bumi" |
|
|
Apr 6 2010, 12:40 AM
|
|
Senior Member
2,207 posts Joined: Aug 2008
|
QUOTE(cheahcw2003 @ Apr 5 2010, 09:11 PM) Serani/Portugese are considered Minority that allowed to invest in ASB scheme. This group shd be considered Bumi by defination, as this group of ppl already in Malaya b4 the Srivijaya/Majapahit influence to Malaya. But then many states (except for Melaka) do not recognise Portugese in other states, like in KL/Selangor, they do not enjoy bumi discount when buying property in these states. I see! Means Serani is consider "partial" bumi lo So, encourage all Serani to move in Melaka.BTW, cheahcw, is now the right time to sell PISTF & PISSF now? Is the price now consider high or can go further? Pls read my thread at http://forum.lowyat.net/topic/1299169/+140 coz this thread is about ASB loan sorry ah |
|
|
Apr 6 2010, 04:24 PM
|
Junior Member
496 posts Joined: Jan 2003
|
I just met Maybank to enquire on the ASB loan. So far i feel its worth because ASB calculate divident by monthly min balance. So ASB will count our dividen base on the borrowing amount which is bigger compare on self money saving.
They told me for the first year we just need to pay rm300 per month but the following years we only need to pay rm88 after deduct the dividen of 7% up to 15 years of loan duration. Now im not sure which bank is offer better between CIMB and Maybank. Maybe someone can advise. Thanks. |
|
|
Apr 6 2010, 10:12 PM
|
|
Senior Member
5,379 posts Joined: Jul 2009
|
QUOTE(otherwise @ Apr 6 2010, 04:24 PM) I just met Maybank to enquire on the ASB loan. So far i feel its worth because ASB calculate divident by monthly min balance. So ASB will count our dividen base on the borrowing amount which is bigger compare on self money saving. depends on what package u r looking at, RHB has a package that for the 1st 3 years u do not need to serve the monthly instalment (capital portion), u only need to serve the interest rate, so it will reduce your burden. U can call RHB and ask for detailsThey told me for the first year we just need to pay rm300 per month but the following years we only need to pay rm88 after deduct the dividen of 7% up to 15 years of loan duration. Now im not sure which bank is offer better between CIMB and Maybank. Maybe someone can advise. Thanks. |
|
|
Jul 30 2010, 02:37 AM
|
Junior Member
38 posts Joined: Jul 2009
|
QUOTE(gark @ Mar 26 2010, 11:29 AM) Yes you can get the dividend to pay the loan and principal, but if you calculate properly, you can get much more by paying direct to ASB.. your choice of whether you want 100k or 300k. If you keep paying the loan with dividend basically your money will not grow for the next 25 years. Inflation will eat you alive. i am currently doing a research on asb loan as i am considering to go for it. been reading few pages back, notice ur post and i have to say that ur calculation has a serious FLAW.... lol Look at the calculation of my last reply. why? if let say a person takes the asb loan, pay the first year using own money but 2nd year and consecutive years, use dividend money to pay the installments, wouldn't it be that the person will have extra income from his annual as his salary is not touched to pay the installments? and that extra income can be used for other purposes such as other investments etc... i once calculated this before, in the end, the difference between taking asb loan and pumping the asb using traditional way is not much but still in favor of the traditional way. |
|
|
Jul 30 2010, 08:36 AM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(*7* @ Jul 30 2010, 02:37 AM) i am currently doing a research on asb loan as i am considering to go for it. been reading few pages back, notice ur post and i have to say that ur calculation has a serious FLAW.... lol I suggest you calculate it again in terms of compounded interest, if you pay the installments directly to ASB you will get more returns, with the simple reason that you do not need to pay the bank interest. Not to mention BLR has already increased 2-3 times already...why? if let say a person takes the asb loan, pay the first year using own money but 2nd year and consecutive years, use dividend money to pay the installments, wouldn't it be that the person will have extra income from his annual as his salary is not touched to pay the installments? and that extra income can be used for other purposes such as other investments etc... i once calculated this before, in the end, the difference between taking asb loan and pumping the asb using traditional way is not much but still in favor of the traditional way. Added on July 30, 2010, 9:01 amHere is a sample calculation for those who not able to calculate compounded returns. Using Maybank- ASB loan financing Table Calculation 1 : ASB Loan Loan Amount : RM 100,000 Repayment : 20 years @ BLR-1.65% Monthly Payment = RM 642 x 12 = RM 7,704 per year Total payment after 20 years = RM 154,080 Expected Dividend = 8.5% (Based on last year dividend + bonus) Dividend per year = RM 8,500 x 20 = RM 170,000 Total Returns after 20 years = RM 100,000 + (Rm 170,000 - RM 154,080) = RM 115,920 Calculation 2 : ASB Investment Monthly Investment : RM 642 x 12 = RM 7,704 per year Expected Dividend = 8.5% (Fully reinvested) Total returns after 20 years = RM 404, 375 Well it's your choice if you want to pay the banks or pay yourself? This post has been edited by gark: Jul 30 2010, 09:01 AM |
|
|
Jul 30 2010, 08:59 PM
|
|
Junior Member
76 posts Joined: Jun 2010
|
I have to agree with *7* your calculation is a bit off. you didn't reinvest the dividend for the ASB loan but you reinvest (compounded interest) for self saving hence the big different.
I try to calculate using the ASB calculator ASB loan at the end of 20th year RM 511204 self saving at the end of 20th year RM 389000 IMHO provided that the BLR does not rise above the dividend than the ASB loan is feasible |
|
|
Jul 30 2010, 09:26 PM
|
|
Junior Member
38 posts Joined: Jul 2009
|
QUOTE(gark @ Jul 30 2010, 08:36 AM) I suggest you calculate it again in terms of compounded interest, if you pay the installments directly to ASB you will get more returns, with the simple reason that you do not need to pay the bank interest. Not to mention BLR has already increased 2-3 times already... so confident ah you? Added on July 30, 2010, 9:01 amHere is a sample calculation for those who not able to calculate compounded returns. Using Maybank- ASB loan financing Table Calculation 1 : ASB Loan Loan Amount : RM 100,000 Repayment : 20 years @ BLR-1.65% Monthly Payment = RM 642 x 12 = RM 7,704 per year Total payment after 20 years = RM 154,080 Expected Dividend = 8.5% (Based on last year dividend + bonus) Dividend per year = RM 8,500 x 20 = RM 170,000 Total Returns after 20 years = RM 100,000 + (Rm 170,000 - RM 154,080) = RM 115,920 Calculation 2 : ASB Investment Monthly Investment : RM 642 x 12 = RM 7,704 per year Expected Dividend = 8.5% (Fully reinvested) Total returns after 20 years = RM 404, 375 Well it's your choice if you want to pay the banks or pay yourself?  apart from the point given by masami, common sense speaking, why would u deduct the payment (RM154,080) from the calculation in ASB loan whereas in your ASB Investment calculation, u didnt deduct the outflow of cash aka "payment" in order to invest? your calculation is soooooo one-sided |
|
|
Jul 30 2010, 09:36 PM
|
Senior Member
4,928 posts Joined: Feb 2008 From: /K/opitiam Pak Hang Status: Permaban 
|
QUOTE(*7* @ Jul 30 2010, 09:26 PM) so confident ah you? a bit confused here....why should deduct for own abs investment??? apart from the point given by masami, common sense speaking, why would u deduct the payment (RM154,080) from the calculation in ASB loan whereas in your ASB Investment calculation, u didnt deduct the outflow of cash aka "payment" in order to invest? your calculation is soooooo one-sided |
|
|
Jul 30 2010, 09:45 PM
|
|
Junior Member
38 posts Joined: Jul 2009
|
QUOTE(gastacopz @ Jul 30 2010, 09:36 PM) a bit confused here....why should deduct for own abs investment??? coz he shouldn't deduct the monthly payment from the calculation ASB loan in the first place as we should assume the term "payment" is like the term "saving" in own asb investment. in this case, payment = saving. lol .. dunno whether u get what i mean or not |
|
|
Jul 30 2010, 09:45 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(*7* @ Jul 30 2010, 09:26 PM) so confident ah you? The point is to highlight the differences in the total amount you get after 20 years. IMHO, the calculation by Masami is not correct, as it does not assume the interest & principal payment to the bank. You think the bank no need to makan kah? The 154K is used to pay bank your bank loan. If you want to let the bank earn most of the investment money, you are more than welcomed to do so. Just don't miss any payment in the 20 years, or your ASB certs will be forced sold. apart from the point given by masami, common sense speaking, why would u deduct the payment (RM154,080) from the calculation in ASB loan whereas in your ASB Investment calculation, u didnt deduct the outflow of cash aka "payment" in order to invest? your calculation is soooooo one-sided Added on July 30, 2010, 9:47 pm QUOTE(*7* @ Jul 30 2010, 09:45 PM) coz he shouldn't deduct the monthly payment from the calculation ASB loan in the first place as we should assume the term "payment" is like the term "saving" in own asb investment. in this case, payment = saving. lol .. dunno whether u get what i mean or not Even if you do not deduct the payment then, RM 100,000 + RM 170,000 in dividend = RM 270,000. If you pay the 7,700 per year directly to ASB account then you get RM 404,000 in 20 years with all dividend reinvested. There is no need to minus the total amount paid because it is your own money. Which one you will choose is up to you.Anyway the money is yours, so do whatever you want with it. This post has been edited by gark: Jul 30 2010, 10:04 PM |
|
|
Jul 31 2010, 07:35 AM
|
|
Junior Member
76 posts Joined: Jun 2010
|
My calculation is based on the amount given that is Rm 642. Interest and principle payment are already included in the amount RM 642 ( The amount needed to be paid for the next 20 years) as opposed to self saving of the same amount.
the difference is, through ASB loan the dividend is compounded from initial amount of RM 100000 whereas for self saving it starts from 642. I not sure if u understand this... please google ASB calculator and calculate yourself then again the BLR is on the rise. As I said before, last year the effective rate of BLR is around 3-4.This year the BLR has shoot up to 6.3 so the effective rate is around 4.7. Even at 4.7 you are still leveraging on the 8.5 percent ASB dividend. but if it rises more than 7 something than i think self saving is better. |
|
|
Jul 31 2010, 08:38 AM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
Well there is always many sides to an opinion, there is no right or wrong just different approach. If you do feel strongly on yours, well you should go ahead with your financial plan. Good luck.
|
|
|
Jul 31 2010, 06:21 PM
|
|
Senior Member
4,928 posts Joined: Feb 2008 From: /K/opitiam Pak Hang Status: Permaban
|
QUOTE(*7* @ Jul 30 2010, 09:45 PM) coz he shouldn't deduct the monthly payment from the calculation ASB loan in the first place as we should assume the term "payment" is like the term "saving" in own asb investment. in this case, payment = saving. lol .. dunno whether u get what i mean or not fully understood if only we treat the amount we pay to ASB is the same as the money we save every months using own own saving....This post has been edited by gastacopz: Aug 1 2010, 02:06 AM |
|
|
Sep 7 2010, 04:26 PM
|
|
Junior Member
50 posts Joined: Sep 2010 From: Malaysia
|
Here I did a simple spreadsheet to compare whether ASB Loan is untung or rugi (compared to investing yourself).
https://spreadsheets.google.com/ccc?key=0An...djMGJqcXc&hl=en Check it out for yourself. |
|
|
Jan 6 2011, 06:51 PM
|
Newbie
1 posts Joined: Jul 2010 From: shah alam
|
QUOTE(tonyek @ Dec 21 2008, 02:25 AM) this calculation based on my asb loan at maybank.i take this loan scheme since i was 19 and it's already 3 years now. tonyek,i paid 429 every month for 15years for my loan scheme.so for those who doesnt know where the 5148 figure at without(w/o) table this is the calculation=429x12months=5148.but for w/o loan table u must remember to deposit that 5148 amount lump sum at the early month of the year coz asb dividend is calculated based on the deposit date.so if not it will be slightly decreased.hope this table can help u guys make a better judgement.if my calculation was wrong feel free to let me know. Loan year initial dividend profit balance 1 50000 8% 4000 54000 2 54000 8% 4320 58320 3 58320 8% 4665.6 62985.6 4 62985.6 8% 5038.85 68024.45 5 68024.45 8% 5441.95 73466.4 6 73466.4 8% 5877.3 79343.7 7 79343.7 8% 6347.5 85691.2 8 85691.2 8% 6855.3 92546.5 9 92546.5 8% 7403.7 99950.2 10 99950.2 8% 7996 107946 11 107946 8% 8635.7 116581.7 12 116581.7 8% 9326.5 125908.2 13 125908.2 8% 10072.65 135980.7 14 135980.7 8% 10878.45 146859.2 15 146859.2 8% 11748.7 158607.9 Paid 77220 Nett Profit 81387.9 Assumption no dividend withdrawal for 15 years fix dividend at 8% every year fix interest rate Comparison profit - 81387.7 punctual payment W/O Loan year saving initial dividend profit balance 1 5148 5148 8% 411.8 5559.8 2 5148 10707.8 8% 856.6 11564.4 3 5148 16712.4 8% 1337 18049.4 4 5148 23197.4 8% 1855.8 25053.2 5 5148 30201.2 8% 2416.1 32617.3 6 5148 37765.3 8% 3021.2 40786.5 7 5148 45934.5 8% 3674.8 69609.3 8 5148 54757.3 8% 4380.6 59137.9 9 5148 64285.9 8% 5142.9 69428.8 10 5148 74576.8 8% 5966.1 80542.9 11 5148 85690.9 8% 6855.3 92546.2 12 5148 97694.2 8% 7815.5 105509.7 13 5148 110657.9 8% 8852.6 119510.5 14 5148 124658.5 8% 9972.7 134631.2 15 5148 139779.2 8% 11182.3 150961.5 Paid 77220 Nett Profit 73741.5 Assumption no dividend withdrawal for 15 years fix dividend at 8% every year Comparison profit - 73741.5 must have good discipline to spend for every month can be withdrawn for emergency i also do the same calculation using excel. the nett profit for loan is HIGHER than w/o loan IF the total payable amount is LESS than rm82,500 (which is rm5500/year). but IF the total payable amount is MORE than rm82,500, the nett profit for loan is LOWER. CONCLUSION : it's better do w/o loan for yearly payment more than RM5500. |
|
|
Jan 15 2011, 03:02 PM
|
Junior Member
191 posts Joined: Jun 2008 From: Sand Village
|
QUOTE(forextor @ Sep 7 2010, 04:26 PM) Here I did a simple spreadsheet to compare whether ASB Loan is untung or rugi (compared to investing yourself). thanx for the info bro..https://spreadsheets.google.com/ccc?key=0An...djMGJqcXc&hl=en Check it out for yourself. after reading this i got a lot of future planning in ASB Loan.. |
|
|
Feb 19 2011, 04:09 AM
|
|
Junior Member
78 posts Joined: Apr 2010
|
QUOTE(gark @ Jul 30 2010, 08:36 AM) I suggest you calculate it again in terms of compounded interest, if you pay the installments directly to ASB you will get more returns, with the simple reason that you do not need to pay the bank interest. Not to mention BLR has already increased 2-3 times already... Calculation 1Added on July 30, 2010, 9:01 amHere is a sample calculation for those who not able to calculate compounded returns. Using Maybank- ASB loan financing Table Calculation 1 : ASB Loan Loan Amount : RM 100,000 Repayment : 20 years @ BLR-1.65% Monthly Payment = RM 642 x 12 = RM 7,704 per year Total payment after 20 years = RM 154,080 Expected Dividend = 8.5% (Based on last year dividend + bonus) Dividend per year = RM 8,500 x 20 = RM 170,000 Total Returns after 20 years = RM 100,000 + (Rm 170,000 - RM 154,080) = RM 115,920 Calculation 2 : ASB Investment Monthly Investment : RM 642 x 12 = RM 7,704 per year Expected Dividend = 8.5% (Fully reinvested) Total returns after 20 years = RM 404, 375 Well it's your choice if you want to pay the banks or pay yourself? let me get this straight as I think you are doing the wrong calculation here. we only pay RM7,704 (for the 1st year) and use the dividend to pay for 2nd - 20th years. At 8.5% We will also make a profit of (RM8,500 - RM7,704)= RM796 per year for 19 years which equals to (RM796 x 19)= RM15,124. Our total returns by the 20th year is (RM100,000 + RM15,124) = RM115,124!!! You said the total payment is RM154,080 but the truth is we only pay RM7,704 from our own pocket money. The rest are paid by don't know who, maybe from your income tax? LOL. So technically for an investment of RM7,704 ONLY we will have a return of RM115,124 in 20 years. That is 1494.34% profit my friend. Equivalent of 74.71% per year. THAT IS HUGE. Calculation 2 Our own pocket money RM7,704 x 20= RM154,080. Total returns after 20 years = RM404, 375. % return = 404,375/154,080 = 262.44% or a mere 13.12% per year. Now of course if you compare the TOTAL return of calculation 2 is more that calculation 1 but we always compare ROI and if you compare the ROI of loan vs ROI of no loan, don't lie to your self. you now know which is profitable right? |
|
|
Feb 19 2011, 02:50 PM
|
Senior Member
4,286 posts Joined: Jun 2008
|
Calculation 1 is correct. It's basically the bank giving you 100K with monthly payment paid by the dividens. The monthly payment is composed of interest amount and principal amount so for a one year payment of 7700, you get a return of 115K after 20 years.
That is of course, you assume that you don't touch the Dividen. I've been doing this for 5 years and trust me, there is always a reason why I need to use the dividen (kitchen cabinet lah ... house repairs lah etc etc). It's damn tempting one. Something is not right with calculation # 2 You only started with 642 per month, by the end of the first year you will have 7704, the ASB dividen at 8.5% will only be calculated at partial of 7704 because only the first 642 ringgit has reached the 1 year, the other amount has not reached "maturity) so will not get the full 8.5 percent dividen. Doing an excel spreadsheet, at most, you will get 300K after 20 years if all the dividen is fully re-invested. Ohh by the way, if you do not use the sijil (which is the bank loans), you most likely will get 7% only as teh 1.5% is for those who has the sijil. Trust me, ask those who don't take loans and they will say that they never get the bonus dividens (you only get the extra bonus dividens after you have been in ASB for 10 years for those not using the sijil) Now if you start with the 100K loan with the banks, you will get the full 8.5% dividen and if you re-invest the dividens, the amount after 20 years are huge as well. In the case of ASB Loan, the question then is, if you save and re-invest, is it better than paying interest and getting a lump sum amount to start with? Somebody must have done their calculation ... This post has been edited by azraeil: Feb 19 2011, 03:10 PM |
|
|
Feb 19 2011, 04:30 PM
|
|
Senior Member
4,928 posts Joined: Feb 2008 From: /K/opitiam Pak Hang Status: Permaban
|
QUOTE(forextor @ Sep 7 2010, 04:26 PM) Here I did a simple spreadsheet to compare whether ASB Loan is untung or rugi (compared to investing yourself). aku da tgk ...betul ker untung buat loan nieyh??? https://spreadsheets.google.com/ccc?key=0An...djMGJqcXc&hl=en Check it out for yourself. |
|
|
Feb 19 2011, 06:48 PM
|
Junior Member
31 posts Joined: Dec 2008 From: KL
|
guys, which bank is better, CIMB or RHB or Maybank for this loan?
|
|
|
Feb 19 2011, 08:49 PM
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
hi
im currently have asb loan with maybank i take 100k loan with maybank for 20 year since oct 2009 at that time, if im not mistake, the BLR is 5.xx (dont remember) if the BLR change, does it mean the monthly payment also will change? currently my monthly payment still same as maybank does not send any letter to me to change the monthly payment... thanx |
|
|
Feb 20 2011, 05:02 AM
|
|
Junior Member
69 posts Joined: Jul 2005
|
QUOTE(fahrur_07 @ Feb 19 2011, 08:49 PM) hi ASB is basically a free money from the gov.im currently have asb loan with maybank i take 100k loan with maybank for 20 year since oct 2009 at that time, if im not mistake, the BLR is 5.xx (dont remember) if the BLR change, does it mean the monthly payment also will change? currently my monthly payment still same as maybank does not send any letter to me to change the monthly payment... thanx |
|
|
Feb 20 2011, 04:24 PM
|
Junior Member
93 posts Joined: Mar 2010
|
QUOTE(fahrur_07 @ Feb 19 2011, 07:49 AM) hi fahrur,im currently have asb loan with maybank i take 100k loan with maybank for 20 year since oct 2009 at that time, if im not mistake, the BLR is 5.xx (dont remember) if the BLR change, does it mean the monthly payment also will change? currently my monthly payment still same as maybank does not send any letter to me to change the monthly payment... thanx I've asked this similar question long time ago, and the answer is yes, your monthly payment should change accordingly with the change of BLR. BLR increases, monthly payment increases. http://forum.lowyat.net/index.php?showtopi...post&p=38529206 If you are paying less than the needed amount, you'd still have to pay for your loan by the time your tenure ends. So the best solution for now IMHO is to change your monthly SI accordingly and PAY back all the yearly outstanding amount from the increase of BLR since the first BLR change. (FYI right now it's standing at 6.30%). |
|
|
Feb 20 2011, 04:32 PM
|
|
Senior Member
1,422 posts Joined: Apr 2006
|
QUOTE(mentalmuz @ Feb 19 2011, 04:09 AM) Calculation 1 I'm prefer profit on $$ rather than %%.. coz I can't buy anything using %, everything people sale in $$.. some more for next 20 years either PNB or Bank also can't guarantee >8.5% dividend.. Loan Investment profit promise everything based on assume & no fact.. I'm learn from bad experience happen to my family on 1997 crisis, Dividend paid can't support monthly installment. Did the bank offer help or pushing to sale or they sale without your concern to reduce their risk. The only guarantee buy/sale price per unit won't increased & decreased RM1-00 per unit.let me get this straight as I think you are doing the wrong calculation here. we only pay RM7,704 (for the 1st year) and use the dividend to pay for 2nd - 20th years. At 8.5% We will also make a profit of (RM8,500 - RM7,704)= RM796 per year for 19 years which equals to (RM796 x 19)= RM15,124. Our total returns by the 20th year is (RM100,000 + RM15,124) = RM115,124!!! You said the total payment is RM154,080 but the truth is we only pay RM7,704 from our own pocket money. The rest are paid by don't know who, maybe from your income tax? LOL. So technically for an investment of RM7,704 ONLY we will have a return of RM115,124 in 20 years. That is 1494.34% profit my friend. Equivalent of 74.71% per year. THAT IS HUGE. Calculation 2 Our own pocket money RM7,704 x 20= RM154,080. Total returns after 20 years = RM404, 375. % return = 404,375/154,080 = 262.44% or a mere 13.12% per year. Now of course if you compare the TOTAL return of calculation 2 is more that calculation 1 but we always compare ROI and if you compare the ROI of loan vs ROI of no loan, don't lie to your self. you now know which is profitable right? This post has been edited by Oldskolboyz: Feb 20 2011, 07:57 PM |
|
|
Feb 20 2011, 04:43 PM
|
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
QUOTE(JiJai @ Feb 20 2011, 04:24 PM) fahrur, owh..so i must go the maybank branch to get the new amount of monthly payment.thanx jijai I've asked this similar question long time ago, and the answer is yes, your monthly payment should change accordingly with the change of BLR. BLR increases, monthly payment increases. http://forum.lowyat.net/index.php?showtopi...post&p=38529206 If you are paying less than the needed amount, you'd still have to pay for your loan by the time your tenure ends. So the best solution for now IMHO is to change your monthly SI accordingly and PAY back all the yearly outstanding amount from the increase of BLR since the first BLR change. (FYI right now it's standing at 6.30%). |
|
|
Feb 21 2011, 12:04 PM
|
|
Junior Member
78 posts Joined: Apr 2010
|
QUOTE(Oldskolboyz @ Feb 20 2011, 04:32 PM) I'm prefer profit on $$ rather than %%.. coz I can't buy anything using %, everything people sale in $$.. some more for next 20 years either PNB or Bank also can't guarantee >8.5% dividend.. Loan Investment profit promise everything based on assume & no fact.. I'm learn from bad experience happen to my family on 1997 crisis, Dividend paid can't support monthly installment. Did the bank offer help or pushing to sale or they sale without your concern to reduce their risk. The only guarantee buy/sale price per unit won't increased & decreased RM1-00 per unit. haha well can't blame you then! yes everything is dependent on dividend but ASB have a very good track record if you refer to the history. 8-8.5% is the lowest dividend for the past 20 years. As for you prefer the $ instead of %, I think that is debatable. Here is the scenario:1. I invested RM7,704 and in 20 years I have made a returns of RM115,124. 2. You invested RM RM154,080 and in 20 years you have made a returns of RM404, 375 So if you notice, I have a +ve cash flow of RM642 each month compare to you (for 19 years). I can used this extra cash flow to expand my portfolio to other types of investment like gold, property, unit trust, etc. So basically I have higher potential return than you by the end of 20 years. Well I don't think I need to specifically detail out what the return would be. you can do your own estimation if you have a +ve cash flow RM642 what can you do with it. that is like 1 gold dinar each month and gold have a been returning almost 30% per year lately. what I'm trying to say is, leverage is the best investment anybody can do. F*ck, even the Glazer's are doing it to Manchester United! Anyway good luck with your investment! |
|
|
Feb 22 2011, 08:21 AM
|
Junior Member
30 posts Joined: Feb 2011
|
ASB loan(easy to saving up to 200k) - better never touch the dividend
Saving your own money (1k or 2k/month = 12k/year or 24k/year) - hard but it might can if you earn more than 8k with humble living dan tak membazir sangat (never use credit card dan tak ada personal loan) for me(ASB and AHB) for long term investment.susah masa muda-muda,senang untuk hari tua. fund untuk edu etc how to get 8k or more higher? hmm..since kita melayu hari ini hanya 19% dapat control economi malaysia..bersama-sama lah kita bersatu dalam business. Rasulullah SAW pun ada kata rezeki 9/10 daripada perniagaaan. FYI,i am Malay. age 22 years old. got to saving ASB and AHB.from my part time business..i simpan sikit-sikit,lama-lama jadi bukit.. |
|
|
Feb 22 2011, 09:46 AM
|
|
Senior Member
4,928 posts Joined: Feb 2008 From: /K/opitiam Pak Hang Status: Permaban
|
im able to save 1k++ monthly..however im planning to take loan for asb..is it good or not???
as i want to bring forward the didvidend..or else it will takes ages for my asb to reach its max by saving 1k++ per month... |
|
|
Feb 22 2011, 12:24 PM
|
|
Senior Member
1,422 posts Joined: Apr 2006
|
QUOTE(mentalmuz @ Feb 21 2011, 12:04 PM) haha well can't blame you then! yes everything is dependent on dividend but ASB have a very good track record if you refer to the history. 8-8.5% is the lowest dividend for the past 20 years. As for you prefer the $ instead of %, I think that is debatable. Here is the scenario: Just wait loorrr, as I know BLR keep increasing & PNB 100 storey building on the way..1. I invested RM7,704 and in 20 years I have made a returns of RM115,124. 2. You invested RM RM154,080 and in 20 years you have made a returns of RM404, 375 So if you notice, I have a +ve cash flow of RM642 each month compare to you (for 19 years). I can used this extra cash flow to expand my portfolio to other types of investment like gold, property, unit trust, etc. So basically I have higher potential return than you by the end of 20 years. Well I don't think I need to specifically detail out what the return would be. you can do your own estimation if you have a +ve cash flow RM642 what can you do with it. that is like 1 gold dinar each month and gold have a been returning almost 30% per year lately. what I'm trying to say is, leverage is the best investment anybody can do. F*ck, even the Glazer's are doing it to Manchester United! Anyway good luck with your investment! |
|
|
Feb 22 2011, 01:27 PM
|
Senior Member
783 posts Joined: Jan 2007 From: Definitely not U.S and A!!!
|
QUOTE(gastacopz @ Feb 22 2011, 09:46 AM) im able to save 1k++ monthly..however im planning to take loan for asb..is it good or not??? Since you are already commited RM1k/month, why not take the asb loan than? as i want to bring forward the didvidend..or else it will takes ages for my asb to reach its max by saving 1k++ per month... Looking at the MBB repayment table, for current BLR rate, and assume same BLR for 20 years, for RM995 per month you can get a RM155k. Say asb divident is 7% a year: save RM995/month for 20 years asb value at year 20: RM508,045 Total investment= RM995*20*12= RM238,800 Dividend: 508,045-238,800=RM268,245 Put RM155k on ASB, and continue paying banks at RM955 asb value at year 20: RM599,801 Total payment to bank: RM995*20*12= RM238,800 Dividend: RM361,001 |
|
|
Feb 22 2011, 01:43 PM
|
|
Junior Member
293 posts Joined: Jun 2009
|
QUOTE(ICDeadPeople @ Feb 22 2011, 01:27 PM) Since you are already commited RM1k/month, why not take the asb loan than? Can you touch the principal of RM155K before fully paid the bank loan i.e. 20 yrs?Looking at the MBB repayment table, for current BLR rate, and assume same BLR for 20 years, for RM995 per month you can get a RM155k. Say asb divident is 7% a year: save RM995/month for 20 years asb value at year 20: RM508,045 Total investment= RM995*20*12= RM238,800 Dividend: 508,045-238,800=RM268,245 Put RM155k on ASB, and continue paying banks at RM955 asb value at year 20: RM599,801 Total payment to bank: RM995*20*12= RM238,800 Dividend: RM361,001 |
|
|
Feb 22 2011, 02:33 PM
|
|
Senior Member
783 posts Joined: Jan 2007 From: Definitely not U.S and A!!!
|
No unfortunately. but you can touch the dividend, though its not advisable.
|
|
|
Feb 27 2011, 04:45 PM
|
Senior Member
643 posts Joined: Oct 2004 From: Deutschland
|
QUOTE(ICDeadPeople @ Feb 22 2011, 01:27 PM) Since you are already commited RM1k/month, why not take the asb loan than? you can only invest up to 200k for asbLooking at the MBB repayment table, for current BLR rate, and assume same BLR for 20 years, for RM995 per month you can get a RM155k. Say asb divident is 7% a year: save RM995/month for 20 years asb value at year 20: RM508,045 Total investment= RM995*20*12= RM238,800 Dividend: 508,045-238,800=RM268,245 Put RM155k on ASB, and continue paying banks at RM955 asb value at year 20: RM599,801 Total payment to bank: RM995*20*12= RM238,800 Dividend: RM361,001 |
|
|
Mar 1 2011, 12:24 PM
|
|
Junior Member
89 posts Joined: Jun 2005
|
QUOTE(azraeil @ Feb 19 2011, 02:50 PM) .......... Ohh by the way, if you do not use the sijil (which is the bank loans), you most likely will get 7% only as teh 1.5% is for those who has the sijil. Trust me, ask those who don't take loans and they will say that they never get the bonus dividens (you only get the extra bonus dividens after you have been in ASB for 10 years for those not using the sijil) who said this? pls check in the prospectus, the term DIVIDEN & BONUS. Sijil or Buku, both can get this.Added on March 1, 2011, 12:31 pm QUOTE(kaffra @ Feb 27 2011, 04:45 PM) you can only invest up to 200k for asb initially limit = 200k. but, can be more actually. whatever your new high, will be your new limit.yr 1, limit = asb 200k yr 2, div 8%, new limit = 200k + div yr 1 (16k) = 216k yr 3, div 8%, new limit = 216k + div yr 2 (17k) = 233k yr 4, div 8%, new limit = 233k + div yr 3 (18k) = 251k ....... you can withdraw & topup back to the max of your highest point. Added on March 1, 2011, 12:34 pm QUOTE(mr_nobigdeal @ Feb 19 2011, 06:48 PM) guys, which bank is better, CIMB or RHB or Maybank for this loan? Maybank have islamic financing, blr-1.65% for max 25 yrs.RHB have the package of paying the interest only, rate @ blr-1%. CIMB, nothing special. blr-1.65% for max 20yrs. depends on ur target. my opinion : - for fast & easy cash go for RHB/easyRHB. - for long term..Mbb This post has been edited by zcatz: Mar 1 2011, 12:34 PM |
|
|
Mar 3 2011, 10:59 PM
|
Newbie
3 posts Joined: Oct 2008
|
can somebody explain to me where does BLR's effect on calculation?
Added on March 4, 2011, 2:41 am QUOTE(forextor @ Sep 7 2010, 04:26 PM) Here I did a simple spreadsheet to compare whether ASB Loan is untung or rugi (compared to investing yourself). i got questions regarding your 'loan' column.https://spreadsheets.google.com/ccc?key=0An...djMGJqcXc&hl=en Check it out for yourself. why would you add up the loan amount to the investment? shouldn't we pay to the bank the $118 amount? and the dividend that we should get by year end is as the usual calculation? (10K * 7%) = $700 right? if I want to see the result as calculated that means i have to pay double? one part for the loan, another straightaway into asb? This post has been edited by poreh: Mar 4 2011, 02:41 AM |
|
|
Mar 5 2011, 10:52 AM
|
Junior Member
209 posts Joined: Jan 2003
|
is maybank the best for asb loan? how about rhb?
|
|
|
Mar 30 2011, 04:24 PM
|
|
Junior Member
7 posts Joined: Mar 2010
|
QUOTE(manBREASTer @ Mar 5 2011, 10:52 AM) is maybank the best for asb loan? how about rhb? i think for long term profit use ASB loan from Maybankbut for short-mid term profit (5 years) better use ASB loan from EASY RHB why? for 1st 5 years you only pay interest (low installment) no exit fee if settle/withdraw after 3 years. easy and fast approval. only need MYKAD. (unemployed and student age above 18 can also apply )for more u can ask in this thread. or u want to apply u can come see me at EASY RHB platinum walk setapak or call me nana 0176699904 (don't ask where is the nearest EASY RHB with your place) |
|
|
Mar 30 2011, 08:22 PM
|
Junior Member
25 posts Joined: Nov 2010 From: Klang
|
QUOTE(imax80 @ Jun 4 2009, 10:50 PM) the loan only suitable for those who dont have discipline to save money totally disagree..its for future savings... |
|
|
Apr 4 2011, 02:14 AM
|
|
Newbie
2 posts Joined: Apr 2011
|
Please advise...
I am a 21 years old student and I did my calculation for 30 years because that's when I reach 51 years old. From what I heard, maximum cash you can put into your asb account is 200k,anything more than that has to be the dividend Let say you put in 200k... dividend 8% annually compound interest. 200,000 (Base) 216,000 (1 year) 233,280 (2 year) 251,942 (3 year) 272,097 (4 year) 293,865 (5 year) 317,374 (6 year) 342,764 (7 year) 370,186 (8 year) 399,800 (9 year) 431,784 (10 year) 466,327 (11 year) 503,634 (12 year) 543,924 (13 year) 587,438 (14 year) 634,433 (15 year) 685,188 (16 year) 740,003 (17 year) 799,203 (18 year) 863,140 (19 year) 932,191 (20 year) 1,006,766 (21 year) Millionaire! 1,087,308 (22 year) 1,174,292 (23 year) 1,268,236 (24 year) 1,369,695 (25 year) 1,479,270 (26 year) 1,597,612 (27 year) 1,725,421 (28 year) 1,863,454 (29 year) 2,012,531 (30 year) Millionaire!! Is this correct? |
|
|
Apr 4 2011, 08:24 AM
|
Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur
|
QUOTE(mentalmuz @ Feb 21 2011, 12:04 PM) haha well can't blame you then! yes everything is dependent on dividend but ASB have a very good track record if you refer to the history. 8-8.5% is the lowest dividend for the past 20 years. As for you prefer the $ instead of %, I think that is debatable. Here is the scenario: But best would be to dump in 200K (if you have the money) and get the dividends every year right?1. I invested RM7,704 and in 20 years I have made a returns of RM115,124. 2. You invested RM RM154,080 and in 20 years you have made a returns of RM404, 375 So if you notice, I have a +ve cash flow of RM642 each month compare to you (for 19 years). I can used this extra cash flow to expand my portfolio to other types of investment like gold, property, unit trust, etc. So basically I have higher potential return than you by the end of 20 years. Well I don't think I need to specifically detail out what the return would be. you can do your own estimation if you have a +ve cash flow RM642 what can you do with it. that is like 1 gold dinar each month and gold have a been returning almost 30% per year lately. what I'm trying to say is, leverage is the best investment anybody can do. F*ck, even the Glazer's are doing it to Manchester United! Anyway good luck with your investment! |
|
|
Apr 4 2011, 10:57 AM
|
|
Newbie
2 posts Joined: Apr 2011
|
Where can I check the dividend for previous years?
Is there any other safe investment around? |
|
|
Apr 4 2011, 12:39 PM
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
QUOTE(Gigantic @ Apr 3 2011, 06:14 PM) Please advise... that would be the "best scenario"I am a 21 years old student and I did my calculation for 30 years because that's when I reach 51 years old. From what I heard, maximum cash you can put into your asb account is 200k,anything more than that has to be the dividend Let say you put in 200k... dividend 8% annually compound interest. 200,000 (Base) 216,000 (1 year) 233,280 (2 year) 251,942 (3 year) 272,097 (4 year) 293,865 (5 year) 317,374 (6 year) 342,764 (7 year) 370,186 (8 year) 399,800 (9 year) 431,784 (10 year) 466,327 (11 year) 503,634 (12 year) 543,924 (13 year) 587,438 (14 year) 634,433 (15 year) 685,188 (16 year) 740,003 (17 year) 799,203 (18 year) 863,140 (19 year) 932,191 (20 year) 1,006,766 (21 year) Millionaire! 1,087,308 (22 year) 1,174,292 (23 year) 1,268,236 (24 year) 1,369,695 (25 year) 1,479,270 (26 year) 1,597,612 (27 year) 1,725,421 (28 year) 1,863,454 (29 year) 2,012,531 (30 year) Millionaire!! Is this correct? inflation 30 years later will take your 2 million as little as today's value of 1 million (or less) |
|
|
Apr 4 2011, 01:42 PM
|
|
Senior Member
630 posts Joined: Jan 2003
|
i think 8% - 6% (inflation) = 2% interest for best scenario......
after 20 years should be around 310k after inflation... is my calculation right?? |
|
|
Apr 10 2011, 04:55 PM
|
|
Junior Member
32 posts Joined: Oct 2009
|
Hello,
If I apply for loan for 20years, and pay for monthly payment. After 2years, I take my money from ASB clear the loans and gain dividend from this 2 years can or not? Let say I got RM1k a month to invest, RM1k can apply for RM150k, I already got RM50k so RM200k in my ASB. Dividend for for first year 7% Dividend RM14k, I got RM214k, 2nd year 7% make my balance RM229k. After 2nd year I want to clear my loan, how much do I need to pay for the bank since I want to know the profit. Sorry, hope you can help me since I still blur with this ASB loan. |
|
|
Apr 10 2011, 09:36 PM
|
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
QUOTE(playerseeker @ Apr 4 2011, 05:42 AM) i think 8% - 6% (inflation) = 2% interest for best scenario...... no way inflation is at 6 percent! that would make a lot of low risk investment schemes obsolete....after 20 years should be around 310k after inflation... is my calculation right?? |
|
|
Apr 27 2011, 12:24 AM
|
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
|
|
|
May 23 2011, 02:39 PM
|
|
Senior Member
1,049 posts Joined: Jan 2008
|
Let me add something here, the longer term your loan payment the more you get. The shorter term the less you get. This is working for the person who want long term saving with patience.
Think this way, do you have enough saving for your retirement in the future? |
|
|
May 26 2011, 06:13 PM
|
Junior Member
94 posts Joined: Mar 2009
|
asb loan from cimb, can do early settlement right?any penalty?
|
|
|
May 30 2011, 09:44 PM
|
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
now blr has increased, hopefully dividen for this year also will increase to cover the blr...
|
|
|
Jul 1 2011, 09:57 AM
|
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
what is the best loan to take for ASB easy ASB by RHB seems doesnt have the first 5 years no interest payment scheme already
 |
|
|
Jul 2 2011, 02:05 AM
|
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
rhb asb loan stop already meh?
|
|
|
Jul 4 2011, 05:24 PM
|
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
QUOTE(fahrur_07 @ Jul 1 2011, 06:05 PM) rhb asb loan stop already meh? they still give asb loan but they dont have the first five years no interest paid repayment sccheme promotion anymore |
|
|
Jul 4 2011, 06:26 PM
|
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
QUOTE(ah_suknat @ Jul 4 2011, 05:24 PM) they still give asb loan but they dont have the first five years no interest paid repayment sccheme promotion anymore haish...latejust plan to take asb loan from rhb for short term investment |
|
|
Jul 5 2011, 01:23 AM
|
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
i am going to ask from maybank and rhb tomolo, seems that these 2 banks are the most popular for asb loans
|
|
|
Jul 5 2011, 07:01 AM
|
|
Junior Member
164 posts Joined: Sep 2007
|
QUOTE(ah_suknat @ Jul 4 2011, 12:23 PM) i am going to ask from maybank and rhb tomolo, seems that these 2 banks are the most popular for asb loans just go ahead and take the most maximum! if you can afford the instalment for the first year! |
|
|
Jul 5 2011, 03:21 PM
|
|
Junior Member
146 posts Joined: Dec 2007
|
somehow i feel like cimb give the better deal
1. can loan more than 25yrs up to 60yrs old - meaning lower monthly commitment 2. lower monthly payment (not much different though) 3. they have the 4.65% for 2yrs than only BLR-1.65 (others BLR-1.65) questions: 1. is the insurance worth it? which bank have better insurance deal? im 25yrs 2. if i can only commit rm600/month. is it better to go 100k loan for 25 yrs old or 50k loan for 10yrs? what if i withdraw after 10 yrs? thanks |
|
|
Jul 5 2011, 04:33 PM
|
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
yeap I just visit all the 3 banks that offered, maybank, cimb and rhb, and I too feels that cimb give the best rates at the moment
|
|
|
Jul 8 2011, 06:14 PM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
I think Maybank offer da best. BLR-1.65 & 25 Years Tenure. & also the only one with Islamic financing ~
|
|
|
Jul 10 2011, 02:21 AM
|
Senior Member
2,139 posts Joined: Nov 2007
|
can anyone confirm whether the divident after investing 200k will also be used to calculate divident for the next year?I understand that there is a limit of 200k ,if we invest directly,but what if the additional amount is coming from the dividen,will it still be re-invested?
|
|
|
Jul 10 2011, 03:33 PM
|
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
QUOTE(backspace66 @ Jul 9 2011, 06:21 PM) can anyone confirm whether the divident after investing 200k will also be used to calculate divident for the next year?I understand that there is a limit of 200k ,if we invest directly,but what if the additional amount is coming from the dividen,will it still be re-invested? yeap |
|
|
Jul 13 2011, 12:25 PM
|
|
Junior Member
317 posts Joined: Dec 2010
|
QUOTE(rokai88 @ Jul 5 2011, 03:21 PM) somehow i feel like cimb give the better deal pls check again as CIMB only offer max tenure of 20 yrs1. can loan more than 25yrs up to 60yrs old - meaning lower monthly commitment 2. lower monthly payment (not much different though) 3. they have the 4.65% for 2yrs than only BLR-1.65 (others BLR-1.65) questions: 1. is the insurance worth it? which bank have better insurance deal? im 25yrs 2. if i can only commit rm600/month. is it better to go 100k loan for 25 yrs old or 50k loan for 10yrs? what if i withdraw after 10 yrs? thanks insurance is insurance, if you have dependent then i think it is ok secondly, go for maximum tenure even if you plan to withdraw after penalty period... this is to ensure positive cashflow... if negative then might as well lodge straight into ASB without any financing |
|
|
Jul 13 2011, 01:34 PM
|
Junior Member
15 posts Joined: Jul 2011
|
Yes, CIMB only 20 years la.... Maybank on the other hand can loan up to 25 years.
But the rate is good, 4.65% flat for two years. In my case, i loaned RM110k from CIMB and RM85k from Maybank. I'm still an undergraduate with a year to go, no guarantor, just need to pay a substantial amount at first. Still got it, so no need test test whether can get it, will most likely get it. |
|
|
Aug 1 2011, 11:01 PM
|
Junior Member
7 posts Joined: Jun 2008
|
if anyone interested to apply asb with maybank , pls pm me
|
|
|
Aug 1 2011, 11:14 PM
|
|
Senior Member
2,388 posts Joined: Sep 2004
|
mind to share how is the asb work actually?
|
|
|
Aug 2 2011, 01:17 AM
|
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
you take the loan eg Rm100k
then bank will put the RM100k in your asb acc in certificate form the certificate will be kept by the bank after finish pay your loan, you will get the certificate if dividen around 8% per year, you will get RM8000 every year |
|
|
Aug 2 2011, 08:58 AM
|
|
Senior Member
2,388 posts Joined: Sep 2004
|
QUOTE(fahrur_07 @ Aug 2 2011, 01:17 AM) you take the loan eg Rm100k the dividen we will be getting after the maturity period?then bank will put the RM100k in your asb acc in certificate form the certificate will be kept by the bank after finish pay your loan, you will get the certificate if dividen around 8% per year, you will get RM8000 every year |
|
|
Aug 2 2011, 09:47 AM
|
|
Junior Member
208 posts Joined: Aug 2009
|
QUOTE(snigapoe @ Aug 2 2011, 08:58 AM) the dividen we will be getting after the maturity period? Loan maturity? No.You can collect after PNB declared dividend every year. It will be credited into your ASB passbook. |
|
|
Aug 2 2011, 09:52 AM
|
|
Senior Member
2,388 posts Joined: Sep 2004
|
QUOTE(OneBuck @ Aug 2 2011, 09:47 AM) Loan maturity? No. so it means that as long as i still have money in asb i will be getting deviden everyyear until i withdraw it?You can collect after PNB declared dividend every year. It will be credited into your ASB passbook. |
|
|
Aug 2 2011, 10:10 AM
|
|
Junior Member
208 posts Joined: Aug 2009
|
Yes, money make money
|
|
|
Aug 2 2011, 10:53 AM
|
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
QUOTE(OneBuck @ Aug 2 2011, 10:10 AM) Yes, money make money yeah..you can use the dividen you get to pay for next year monthly installment |
|
|
Aug 2 2011, 01:49 PM
|
|
Senior Member
2,388 posts Joined: Sep 2004
|
sound interesting, but i guess no luck for nonbumi?
|
|
|
Aug 2 2011, 05:14 PM
|
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
QUOTE(snigapoe @ Aug 2 2011, 05:49 AM) sound interesting, but i guess no luck for nonbumi? ASB - Amanah Saham BUMIPUTRAyou guess it right |
|
|
Aug 2 2011, 06:22 PM
|
|
Junior Member
7 posts Joined: Jun 2008
|
yeps, only for bumi
|
|
|
Aug 11 2011, 07:56 PM
|
|
Newbie
1 posts Joined: Mar 2011
|
QUOTE(fahrur_07 @ Aug 1 2011, 06:17 PM) you take the loan eg Rm100k So the RM100k will not show up in your ASB book?then bank will put the RM100k in your asb acc in certificate form the certificate will be kept by the bank after finish pay your loan, you will get the certificate if dividen around 8% per year, you will get RM8000 every year I was a little worried after updating my ASB book for the first time (after a few years) and it only showed RM17,000. |
|
|
Aug 15 2011, 09:09 PM
|
|
Junior Member
164 posts Joined: Jan 2011
|
this type of investment only happen in malaysia...
no need effort also can get money in return... just because of colour... ini memang 1 malaysia... malays 1st other second as mention by TPM |
|
|
Aug 15 2011, 10:07 PM
|
Junior Member
458 posts Joined: Mar 2010
|
if taking loan, there's a risk the blr will shoot up more than the dividend paid by the pnb. it happened in 1998 when blr >12 (correct me if im wrong). if that happens, then the monthly payment will double liou.
What i dont understand is, as far as i am concern, the blr is parallel to the economic growth. that means, if economic is good, then blr is higher. so when the economic is good, would asb investors receive higher dividend due to the fact that all investments leads to profit?? clarify plz. |
|
|
Aug 29 2011, 11:09 AM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
QUOTE(strange @ Aug 1 2011, 11:01 PM) if anyone interested to apply asb with maybank , pls pm me Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN? QUOTE(fahrur_07 @ Aug 2 2011, 10:53 AM) yeah.. Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k you can use the dividen you get to pay for next year monthly installment |
|
|
Aug 29 2011, 12:57 PM
|
|
Junior Member
458 posts Joined: Mar 2010
|
QUOTE(ak.hazwan @ Aug 29 2011, 11:09 AM) Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN? they already hold it? damn, was about to take the islamic loan Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k since i heard that the islamic loan doesn't have the lock in period |
|
|
Aug 31 2011, 09:55 AM
|
Junior Member
150 posts Joined: Apr 2010 From: Nomad
|
I heard from 1 of ma fren...when u ald have asb loan..it will effect ur housing loan..is that true..
|
|
|
Aug 31 2011, 10:40 PM
|
Newbie
3 posts Joined: Aug 2011
|
QUOTE(ding_dong @ Apr 6 2008, 01:34 PM) intresting that maybank and RHB offer a ASB loan How to get it?interest around 6++ and ASB reture around 7-8% is it worth to take it??? which one better RHB or Maybank??? |
|
|
Sep 9 2011, 01:56 AM
|
|
Junior Member
146 posts Joined: Dec 2007
|
QUOTE(ak.hazwan @ Aug 29 2011, 11:09 AM) Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN? since there is an issue on syariah compliance for asb fund so now maybank only offer conventional loans Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k Added on September 9, 2011, 1:59 am QUOTE(ethalion @ Aug 31 2011, 09:55 AM) I heard from 1 of ma fren...when u ald have asb loan..it will effect ur housing loan..is that true.. yes ofcourse. when you apply loan they will check your income and commitments (which include credit card, car loans, asb loans, any other loans/commitments)what i would suggest is if you plan to take both (housing and asb). secure the housing loans 1st. the reason being, housing loans require central bank approval while asb loans is branch approval. you should already see which is easier to obtain This post has been edited by rokai88: Sep 9 2011, 01:59 AM |
|
|
Sep 12 2011, 01:53 PM
|
|
Junior Member
20 posts Joined: May 2010
|
Hi firstly sorry if im asking a silly question..
i have taken ASB loan from cimb (65k for 20 years). the monthly payment is RM 440 per month. My plan is to use the dividend which i will get next year to pay for the loan monthly payment. my question is, if i pay the bank using all the dividend money, for example, in January , does it mean that i will not going to have to pay, say, 10 months of monthly payment? thanks in advance.. |
|
|
Sep 13 2011, 12:28 PM
|
Junior Member
101 posts Joined: Dec 2005 From: King Hill City
|
QUOTE(polemic @ Sep 12 2011, 01:53 PM) Hi firstly sorry if im asking a silly question.. Loan Taken: RM65,000.00i have taken ASB loan from cimb (65k for 20 years). the monthly payment is RM 440 per month. My plan is to use the dividend which i will get next year to pay for the loan monthly payment. my question is, if i pay the bank using all the dividend money, for example, in January , does it mean that i will not going to have to pay, say, 10 months of monthly payment? thanks in advance.. Monthly: RM 440.00 The amount you would have to pay for a year of montly payment is: RM 5,280.00 Let's take for example, we get 7% from ASB for each year. The dividend you would get for the first year is, RM 4,550.00, you still owe bank another RM 730.00, and this would answer your question that the dividend will cover 10 month of your monthly payment. I suggest that you take up more years and more RM on the loan.... for example a loan of RM200,000.00 of 25 years tenure, at RM1164 per month (maybank) The dividend you would get for the first year is, RM 14,000.00, you owe bank @ RM 13,968.00 per year. On the second year, if you decided to use up all your dividend to pay for the monthly payment, you still have RM32.00 extra in the asb (along with the RM200,000.00 from the loan that does not show up on book) hope that helps. This is just a rough calculation. Kindly approach an expert on the matter before making any transaction. |
|
|
Sep 13 2011, 01:29 PM
|
|
Junior Member
20 posts Joined: May 2010
|
QUOTE(neobita @ Sep 13 2011, 12:28 PM) Loan Taken: RM65,000.00 Thanks for the reply bro.Monthly: RM 440.00 The amount you would have to pay for a year of montly payment is: RM 5,280.00 Let's take for example, we get 7% from ASB for each year. The dividend you would get for the first year is, RM 4,550.00, you still owe bank another RM 730.00, and this would answer your question that the dividend will cover 10 month of your monthly payment. I suggest that you take up more years and more RM on the loan.... for example a loan of RM200,000.00 of 25 years tenure, at RM1164 per month (maybank) The dividend you would get for the first year is, RM 14,000.00, you owe bank @ RM 13,968.00 per year. On the second year, if you decided to use up all your dividend to pay for the monthly payment, you still have RM32.00 extra in the asb (along with the RM200,000.00 from the loan that does not show up on book) hope that helps. This is just a rough calculation. Kindly approach an expert on the matter before making any transaction. for now, i only can afford to pay the current installment of RM440. Maybe i will take another ASB loan in the future, but not now. 1 more question to add, is it possible to pay the bank straight away 10 month installment? So that i didn't need to pay the installment for 10 months in return? If its possible, this mean i will have extra RM440 per month for 10 months next year |
|
|
Sep 13 2011, 03:39 PM
|
|
Junior Member
101 posts Joined: Dec 2005 From: King Hill City
|
QUOTE(polemic @ Sep 13 2011, 01:29 PM) Thanks for the reply bro. It is possible, but not advisable. I suggest you pay monthly, this is because, if you take it all out, the dividend count on the first month would be on the RM65,000.00 you put in. If you take it out monthly, the dividend will be count on RM 69,550.00, RM 69,110.00, RM 68,670.00 and so forth... this would maximize your didivend potential for the next year. for now, i only can afford to pay the current installment of RM440. Maybe i will take another ASB loan in the future, but not now. 1 more question to add, is it possible to pay the bank straight away 10 month installment? So that i didn't need to pay the installment for 10 months in return? If its possible, this mean i will have extra RM440 per month for 10 months next year |
|
|
Sep 13 2011, 03:52 PM
|
|
Junior Member
20 posts Joined: May 2010
|
QUOTE(neobita @ Sep 13 2011, 03:39 PM) It is possible, but not advisable. I suggest you pay monthly, this is because, if you take it all out, the dividend count on the first month would be on the RM65,000.00 you put in. If you take it out monthly, the dividend will be count on RM 69,550.00, RM 69,110.00, RM 68,670.00 and so forth... this would maximize your didivend potential for the next year. Thanks bro for d advice, really appreciate it |
|
|
Sep 14 2011, 08:58 AM
|
|
Junior Member
101 posts Joined: Dec 2005 From: King Hill City
|
QUOTE(polemic @ Sep 13 2011, 03:52 PM) Thanks bro for d advice, really appreciate it kindly refer to a more experienced asb player before you make any transaction, as I'm quite new to this as well |
|
|
Sep 15 2011, 08:44 AM
|
|
Junior Member
20 posts Joined: May 2010
|
QUOTE(neobita @ Sep 14 2011, 08:58 AM) kindly refer to a more experienced asb player before you make any transaction, as I'm quite new to this as well Yup, will do |
|
|
Sep 18 2011, 11:32 PM
|
|
Junior Member
146 posts Joined: Dec 2007
|
any chance cimb going to give the 25 years loan for asb?
|
|
|
Sep 20 2011, 07:07 PM
|
Senior Member
2,723 posts Joined: Jan 2006 From: Pekopon Planet ~~~
|
QUOTE(rokai88 @ Sep 9 2011, 01:56 AM) since there is an issue on syariah compliance for asb fund so now maybank only offer conventional loans hi.. let say im still a student. so housing loan is still far away.Added on September 9, 2011, 1:59 am yes ofcourse. when you apply loan they will check your income and commitments (which include credit card, car loans, asb loans, any other loans/commitments) what i would suggest is if you plan to take both (housing and asb). secure the housing loans 1st. the reason being, housing loans require central bank approval while asb loans is branch approval. you should already see which is easier to obtain is it advisable to get this loan starting at 30k. |
|
|
Sep 21 2011, 12:05 AM
|
|
Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
|
QUOTE(rokai88 @ Sep 18 2011, 03:32 PM) any chance cimb going to give the 25 years loan for asb? i think only rhb provide 25 years, but their interest charge is higher @ blr-1.2% other banks are giving blr - 1.65% |
|
|
Sep 21 2011, 12:21 AM
|
|
Senior Member
5,379 posts Joined: Jul 2009
|
QUOTE(ak.hazwan @ Aug 29 2011, 11:09 AM) Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN? The beauty is if u take 200k loan for 20 years, and serve the monthly instalment of rm1200 per month, with the power of compunded interest u can easily become a millionaire in 20 years. The only affort is to serve tge monthly instalment promptly and believe the power of compounding. Bumiputera is forced to become a millionaire if u follow the scheme. Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k |
|
|
Oct 1 2011, 09:58 PM
|
|
Junior Member
486 posts Joined: Dec 2005 From: Subang Jaya
|
QUOTE(cheahcw2003 @ Sep 21 2011, 01:21 AM) The beauty is if u take 200k loan for 20 years, and serve the monthly instalment of rm1200 per month, with the power of compunded interest u can easily become a millionaire in 20 years. The only affort is to serve tge monthly instalment promptly and believe the power of compounding. Bumiputera is forced to become a millionaire if u follow the scheme. Unfair advantage it is, but in 20 year some may says 1mil may not be much, I will like to reiterate, it better than nothing |
|
|
Oct 1 2011, 11:15 PM
|
Senior Member
1,294 posts Joined: Jun 2009
|
QUOTE(mikro @ Oct 1 2011, 09:58 PM) Unfair advantage it is, but in 20 year some may says 1mil may not be much, I will like to reiterate, it better than nothing I don't think so. |
|
|
Oct 5 2011, 01:05 AM
|
Senior Member
3,812 posts Joined: Dec 2008 From: Eden
|
if u're fresh grad and just working, dont go taking max loan...yes u can rolling back the money but do think bout other loan as well. car loan, house loan. u might not be able to take them unless u salary is freaking big~
|
|
|
Oct 5 2011, 10:09 PM
|
Junior Member
24 posts Joined: Apr 2011
|
ASB return is highly stable and the fluctuation is small.
Take up the loan and you will reap the profit earned via higher interest rate offered by ASB. Yung Seng is right. There is but one bane, you must be able to make monthly payment for the loan you borrowed. Depending on the loan payment years, you will benefit in the end. I borrowed RM100k form Maybank with an installment period of 10 years. So in the end, based on my calculation, I will earn ~RM20K. Up to you to consider if paying the loan every month is worth it though. |
|
|
Oct 6 2011, 03:12 PM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
To get Max return, what u shold do is:
1- take the longest tenure (this will make the return higher. eg: loan 30k,monthly RM175, if the dividen is 8%, ur total return of the year is actually 14.3%. U Pay RM 2100, but ur dividen RM2400, Instant Profit RM300 that year. 300/2100 = 14.3% - Not to forget, you will get the RM30k in 25 years time. Every year profit 14.3%, after 25 Year another Grand 30k. waha! 2 - Split ur ASBloan acc. eg: instead of just 1 ASBloan RM200k, u can do multiple account like RM30k x 5 account + RM50k x 1 Account. The best thing here is if you suddenly hit a jackpot (Bonus/jual tanah,ETC) u can closed 1 account. Or u never roll the dividen, each year get RM16k Dividen. 2 years accumulate, RM 32k, so closed one of the account. Your monthly reduced & now u own 30k of Normal ASB, not ASBloan. By repeating this method, u'll Get your RM200k in ASB within 10-12 Years time. High disipline needed. All da best! |
|
|
Oct 7 2011, 02:53 PM
|
|
Senior Member
809 posts Joined: Mar 2006 From: Ann Arbor
|
just found out if we do the loan, we'll get the loan amount deposited in certificate form into our ASB account. how do we check if the loan money is deposited already then? cause if we update our book it won't show the money in certificate form..please correct me I'm wrong.
|
|
|
Oct 7 2011, 03:00 PM
|
Junior Member
143 posts Joined: Mar 2010 From: kamfet zon™ 
|
i guess it will only be shown on the annual statement
|
|
|
Oct 7 2011, 03:28 PM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
Or you can liase with PNB, direct Check
|
|
|
Oct 7 2011, 04:48 PM
|
|
Senior Member
5,379 posts Joined: Jul 2009
|
QUOTE(AtMostFear @ Oct 7 2011, 02:53 PM) just found out if we do the loan, we'll get the loan amount deposited in certificate form into our ASB account. how do we check if the loan money is deposited already then? cause if we update our book it won't show the money in certificate form..please correct me I'm wrong. When converting to certificate, bank will keep the original as collateral. U can get the bank to give u a photo copy. When u receive your asb annual statement, it will be stated in the statement which X amount of money is kept in the "sijil" form.Added on October 7, 2011, 4:49 pm QUOTE(AtMostFear @ Oct 7 2011, 02:53 PM) just found out if we do the loan, we'll get the loan amount deposited in certificate form into our ASB account. how do we check if the loan money is deposited already then? cause if we update our book it won't show the money in certificate form..please correct me I'm wrong. When converting to certificate, bank will keep the original as collateral. U can get the bank to give u a photo copy. When u receive your asb annual statement, it will be stated in the statement which X amount of money is kept in the "sijil" form.This post has been edited by cheahcw2003: Oct 7 2011, 04:49 PM |
|
|
Oct 12 2011, 11:30 PM
|
Junior Member
485 posts Joined: Jul 2011
|
Is it better to take ASB loan compared to invest in public mutual equity fund?
what is the rough percentage of return if i leverage with rm20k? |
|
|
Oct 13 2011, 12:05 AM
|
Senior Member
2,211 posts Joined: Sep 2009 From: Kuala Lumpur
|
QUOTE(bursalchemy @ Oct 12 2011, 11:30 PM) Is it better to take ASB loan compared to invest in public mutual equity fund? I think you can only take ASB loan to buy/Invest in ASB and the share is being used for collateral.what is the rough percentage of return if i leverage with rm20k? If you can get the ASB loan , you don't have to think twice just grab it... You almost get money for free... If you want the loan go to Maybank, RHB or CIMB and ask for the loan. Get to the Max...(RM 200K) For a 20 years loan you only need to have enough money to pay for the first 15 months installment.. that all. The rest of the installment you may pay it with the dividend and bonus later. |
|
|
Oct 13 2011, 11:02 AM
|
|
Junior Member
183 posts Joined: Jun 2009 From: subang jaya
|
hi,
Im new to this ASB. Can someone explain to me what is this? what is the criteria? how much is the return? thanks for the explanation. ^^ |
|
|
Oct 13 2011, 03:09 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(rosdi1 @ Oct 13 2011, 12:05 AM) I think you can only take ASB loan to buy/Invest in ASB and the share is being used for collateral. May i know which bank has better offer for ASB financing?If you can get the ASB loan , you don't have to think twice just grab it... You almost get money for free... If you want the loan go to Maybank, RHB or CIMB and ask for the loan. Get to the Max...(RM 200K) For a 20 years loan you only need to have enough money to pay for the first 15 months installment.. that all. The rest of the installment you may pay it with the dividend and bonus later. |
|
|
Oct 19 2011, 08:06 PM
|
Junior Member
20 posts Joined: Jan 2008
|
any chances i can refinance/prolong my ASB loan maybank from 20 to 25years, i messed up taking 20years loan and dividen cover 10months only. assuming at 7%
did some calculation it will require me not to touch dividen for 4 years for it to cover whole year installment from dividen payoff assuming it at 7%.. |
|
|
Oct 20 2011, 03:21 PM
|
Senior Member
808 posts Joined: Jun 2008 From: ~Negeri Sembilan~Sarawak~
|
QUOTE(ak.hazwan @ Oct 6 2011, 03:12 PM) To get Max return, what u shold do is: confuse here...can we open a few asb account?1- take the longest tenure (this will make the return higher. eg: loan 30k,monthly RM175, if the dividen is 8%, ur total return of the year is actually 14.3%. U Pay RM 2100, but ur dividen RM2400, Instant Profit RM300 that year. 300/2100 = 14.3% - Not to forget, you will get the RM30k in 25 years time. Every year profit 14.3%, after 25 Year another Grand 30k. waha! 2 - Split ur ASBloan acc. eg: instead of just 1 ASBloan RM200k, u can do multiple account like RM30k x 5 account + RM50k x 1 Account. The best thing here is if you suddenly hit a jackpot (Bonus/jual tanah,ETC) u can closed 1 account. Or u never roll the dividen, each year get RM16k Dividen. 2 years accumulate, RM 32k, so closed one of the account. Your monthly reduced & now u own 30k of Normal ASB, not ASBloan. By repeating this method, u'll Get your RM200k in ASB within 10-12 Years time. High disipline needed. All da best! |
|
|
Oct 21 2011, 11:26 PM
|
Senior Member
1,839 posts Joined: Mar 2005
|
QUOTE(da drummer @ Oct 20 2011, 03:21 PM) confuse here...can we open a few asb account? ASB account cannot. But you can open a few loan accounts, as long as the total capital does not exceed 200K |
|
|
Oct 21 2011, 11:55 PM
|
Senior Member
1,341 posts Joined: Sep 2008
|
but opening few loan accounts, i think there is some disadvantages. the insurance u need to pay multiple times?
|
|
|
Oct 27 2011, 03:59 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
Hi, can anybody tell me whether BLR increase, the Dividend on ASB oso will increase?
Added on October 27, 2011, 6:10 pmAnybody knows which bank has the best offer rate currently? I just asked CIMB bank just nw, but i nt sure which bank has the best offer.. hope somebody cna gimme advice. thansk This post has been edited by bursalchemy: Oct 27 2011, 06:10 PM |
|
|
Oct 27 2011, 09:14 PM
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
After 3 years of servicing ABS loan, i terminate it.Why? Because I dont like to share my hard earned money with bank
|
|
|
Oct 27 2011, 10:36 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(potenza10 @ Oct 27 2011, 09:14 PM) After 3 years of servicing ABS loan, i terminate it.Why? Because I dont like to share my hard earned money with bank If i am not wrong, u can just loan let say rm100k, then u pay the instalment for the first year only which is rm657/mth and loan it for 20yrs tenure. Then, u can goyang kaki and wait ur dividned for tht year do the job, and u no need to commit any fund into it anymore. thats mean u only have to contribute rm7,884. After 20 yrs, u can get rm100k. Is it correct? |
|
|
Oct 27 2011, 11:10 PM
|
Junior Member
282 posts Joined: Aug 2006 From: Kay-Kay
|
Hi there.
Just wanted to ask if the fluctuations in the BLR could backfire on the ASB loan? For example: Year 0 (Year loan was taken) - BLR = 5.5% Year 1 - BLR = 5.5% Year 2 - BLR = 6.6% At Year 2, due to the increase in BLR the monthly installment for the loan would have also increased right? Will this increase in monthly installment effect the total return or the plan to use the annual ASB dividen to repay back the loan? Appreciate your expert advice |
|
|
Oct 28 2011, 12:58 AM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
If i do saving in asb by my own, i dont hv to bother about blr..
|
|
|
Oct 28 2011, 06:37 AM
|
|
Junior Member
282 posts Joined: Aug 2006 From: Kay-Kay
|
QUOTE(potenza10 @ Oct 28 2011, 12:58 AM) If i do saving in asb by my own, i dont hv to bother about blr.. That is true, but since the topic is about ASB loan I was just wondering how it would be effected if say the BLR increases. |
|
|
Oct 28 2011, 02:22 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(potenza10 @ Oct 28 2011, 12:58 AM) If i do saving in asb by my own, i dont hv to bother about blr.. How long could u save rm100k? Leveraging on otheer people money is the fastest way to make money. Thats why entrepuneur can make money through loan borrowing.. |
|
|
Oct 28 2011, 03:06 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Entrepuneur is different.They need capital to start biz.
|
|
|
Oct 28 2011, 03:30 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(potenza10 @ Oct 28 2011, 03:06 PM) Entrepuneur is different.They need capital to start biz. Nothing difference. When u dun have capital and knowledge, u use energy/body to earn money. When u got knowledge but no capital, u use brain to make money. When u have certain capital, u use money to make money. The most clever step is use other's people money to make money. That is why i am so interested in banking/insurance company, they cna use the 80% population's money to help them generate more money. Thats why alot of holding company likes to diversify their investment into insurance company, u can have a fixed float of money to do more profitable investment. |
|
|
Oct 28 2011, 04:31 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Banks happy to have people like u 8-)
|
|
|
Oct 28 2011, 05:15 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
I think this is mutual benefit right?
|
|
|
Oct 28 2011, 05:46 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Something like that kut..u scratch their back, they scratch your back.
More or less But its just being of me..hate to pay interest to bank.enough with car loan & house loan where i cant pay cash,so need to borrow.but to invest in asb, prefer with my own money...imho. Anyway, its good to hv thread like this.ppl can gather more info based on experiences. |
|
|
Oct 30 2011, 06:17 PM
|
Senior Member
1,423 posts Joined: Aug 2010 From: Sarawak
|
In applying for ASB loans, the investments is in the form of certificates right?
So the investments earns interest based on the certificate, then bank-in the interest into the bank account? Just curious... |
|
|
Oct 31 2011, 09:07 AM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(smartinvestor01 @ Oct 30 2011, 06:17 PM) In applying for ASB loans, the investments is in the form of certificates right? Ya. the dividend is inside ur ASB account.. if u wan to repay the loan, u have to transfer it to the bank account so that bank can direct debit the instalment frm ur bank accountSo the investments earns interest based on the certificate, then bank-in the interest into the bank account? Just curious... |
|
|
Nov 1 2011, 02:39 PM
|
|
Junior Member
12 posts Joined: Oct 2011
|
is it true asb loan is not halal due to not syariah compliant?
http://www.e-fatwa.gov.my/fatwa-negeri/pen...aham-bumiputera http://www.zaharuddin.net/pelaburan-&-pern...sb-dan-asn.html Added on November 1, 2011, 2:45 pmconfusing..majlis fatwa kebangsaan said in 2008 ASB is harus..fatwa negeri (Kelantan & WP) ckp harus..fatwa negeri selangor ckp tidak halal..nk ikut siapa ni? -majlis fatwa kebangsaan- http://www.e-fatwa.gov.my/fatwa-kebangsaan...dan-seumpamanya -selangor- http://www.e-fatwa.gov.my/fatwa-negeri/pen...aham-bumiputera -kelantan- http://www.e-fatwa.gov.my/fatwa-negeri/huk...amanya-kelantan This post has been edited by ggalgojo: Nov 1 2011, 02:45 PM |
|
|
Nov 1 2011, 04:01 PM
|
|
Senior Member
1,294 posts Joined: Jun 2009
|
QUOTE(potenza10 @ Oct 28 2011, 04:31 PM) Banks happy to have people like u 8-) I agree. |
|
|
Nov 2 2011, 01:09 AM
|
|
Senior Member
1,839 posts Joined: Mar 2005
|
Just look at it like this. Let say you are taking the 200K loan. So one month give or take RM1170 according the Maybank loan table. You pay for the first year, then starting from the second year onwards, you use the dividend and bonus to pay (Last year was 7.50% with bonus 1.25%) So how much capital that u used? RM1170x12=RM14040. Assuming the dividend rate stays stable, after 25 years you will get give or take RM470K in your ASB.
So initial capital RM14K. After 25 years turns into RM470K. You don't have to be a financial expert to see that the percentage of gain is BIG! Entering second year, you don't have to service the loan anymore,you use the dividend to service it. So 1K extra per month to invest in other investments vehicles (Gold/other UTs/Property/etc) The key is to diversify your investments. You have the comfort in mind that after 25 years, there will be half a mil waiting for you. BTW, this is a good ASB calculator using Excel spreadsheet. Download and play with it for a while. You will see my point. http://www.irwan.biz/asb-calculator-v3/ This post has been edited by spikey2506: Nov 2 2011, 09:41 PM |
|
|
Nov 2 2011, 03:15 PM
|
Senior Member
2,588 posts Joined: Jan 2003 From: KL-Skudai
|
QUOTE(spikey2506 @ Nov 2 2011, 01:09 AM) Just look at it like this. Let say you are taking the 200K loan. So one month give or take RM1170 according the Maybank loan table. You pay for the first year, then starting from the second year onwards, you use the dividend and bonus to pay (Last year was 8.75%) So how much capital that u used? RM1170x12=RM14040. Assuming the dividend rate stays stable, after 25 years you will get give or take RM470K in your ASB. if you take dividend each year, you will only get 200k after 25 years.So initial capital RM14K. After 25 years turns into RM470K. You don't have to be a financial expert to see that the percentage of gain is BIG! Entering second year, you don't have to service the loan anymore,you use the dividend to service it. So 1K extra per month to invest in other investments vehicles (Gold/other UTs/Property/etc) The key is to diversify your investments. You have the comfort in mind that after 25 years, there will be half a mil waiting for you. BTW, this is a good ASB calculator using Excel spreadsheet. Download and play with it for a while. You will see my point. http://www.irwan.biz/asb-calculator-v3/ |
|
|
Nov 2 2011, 03:35 PM
|
|
Senior Member
1,839 posts Joined: Mar 2005
|
QUOTE(mfa333 @ Nov 2 2011, 03:15 PM) if you take dividend each year, you will only get 200k after 25 years. Nope. Don't take all the dividend. Just take enough to service the loan, which is RM14K plus. Leave the rest of the dividend inside. Last year's rate was 7.50 and bonus 1.25, so you will get around RM15K plus. After first year instant 1K profit. Leave it inside, and with each passing year, do the same, never take more than the amount to pay the loan. With the power of compounding interest over 25 years, it will grow.This post has been edited by spikey2506: Nov 2 2011, 09:44 PM |
|
|
Nov 2 2011, 10:55 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Who is on the earth to take ASB loan 200k?????
|
|
|
Nov 2 2011, 11:23 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(spikey2506 @ Nov 2 2011, 03:35 PM) Nope. Don't take all the dividend. Just take enough to service the loan, which is RM14K plus. Leave the rest of the dividend inside. Last year's rate was 7.50 and bonus 1.25, so you will get around RM15K plus. After first year instant 1K profit. Leave it inside, and with each passing year, do the same, never take more than the amount to pay the loan. With the power of compounding interest over 25 years, it will grow. BLR currently is 6.60 %, do u think is it still financially worthwhile to takeup the ASB loan?Besides, some of the loan officer told me when BLR increase, signify the economy is improving and the ASB dividend will increase accordingly. is it correct? thanks. |
|
|
Nov 2 2011, 11:25 PM
|
|
Senior Member
1,839 posts Joined: Mar 2005
|
QUOTE(bursalchemy @ Nov 2 2011, 11:23 PM) BLR currently is 6.60 %, do u think is it still financially worthwhile to takeup the ASB loan? Currently, still worth it. MBB's lock in period is two years. If after that things doesn't go ur way, you can always cancel the loan. The dividends are still yours.Besides, some of the loan officer told me when BLR increase, signify the economy is improving and the ASB dividend will increase accordingly. is it correct? thanks. |
|
|
Nov 2 2011, 11:30 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(spikey2506 @ Nov 2 2011, 11:25 PM) Currently, still worth it. MBB's lock in period is two years. If after that things doesn't go ur way, you can always cancel the loan. The dividends are still yours. I planned to take CIMB bank loan coz it offered 4.65% for the first 2 yrs. besides, i got cimb bank accoutn, so it is more convenient to direct debit frm the same bank account, right? it is quite attractive, but the cons is its max tenure is only 20yrs. thats mean i cant have bigger cash flow each year. maybe i need partly finance the loan from my pocket.This post has been edited by bursalchemy: Nov 2 2011, 11:31 PM |
|
|
Nov 2 2011, 11:46 PM
|
|
Junior Member
282 posts Joined: Aug 2006 From: Kay-Kay
|
QUOTE(spikey2506 @ Nov 2 2011, 11:25 PM) Currently, still worth it. MBB's lock in period is two years. If after that things doesn't go ur way, you can always cancel the loan. The dividends are still yours. So basically if say the BLR increases to a point where the annual dividends cannot cover your loan repayment, you should cancel the loan and opt out?Is that correct? Reason I'm asking is how do we leverage out the ASB loan when say BLR increases and ASB dividend does not increase. |
|
|
Nov 3 2011, 12:52 AM
|
|
Senior Member
1,839 posts Joined: Mar 2005
|
QUOTE(bursalchemy @ Nov 2 2011, 11:30 PM) I planned to take CIMB bank loan coz it offered 4.65% for the first 2 yrs. besides, i got cimb bank accoutn, so it is more convenient to direct debit frm the same bank account, right? it is quite attractive, but the cons is its max tenure is only 20yrs. thats mean i cant have bigger cash flow each year. maybe i need partly finance the loan from my pocket. That's the main reason I took MBB, coz it offers 25 years tenure. QUOTE(peachmonkey @ Nov 2 2011, 11:46 PM) So basically if say the BLR increases to a point where the annual dividends cannot cover your loan repayment, you should cancel the loan and opt out? Yup, precisely. After that just contribute your own capital into itIs that correct? Reason I'm asking is how do we leverage out the ASB loan when say BLR increases and ASB dividend does not increase. |
|
|
Nov 3 2011, 01:14 AM
|
|
Junior Member
282 posts Joined: Aug 2006 From: Kay-Kay
|
QUOTE(spikey2506 @ Nov 3 2011, 12:52 AM) That's the main reason I took MBB, coz it offers 25 years tenure. Another question, for the loan to work should I be taking in the maximum amount and the maximum time?Yup, precisely. After that just contribute your own capital into it |
|
|
Nov 11 2011, 10:45 AM
|
Junior Member
51 posts Joined: Jan 2008
|
Stay away from this ASB loan guys. If this is good, why instead of Maybank or CIMB, PNB didn't promote this?
|
|
|
 Nov 11 2011, 11:24 AM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
QUOTE(potenza10 @ Nov 2 2011, 10:55 PM) Who is on the earth to take ASB loan 200k????? Those who are smart enough =)QUOTE(clutchkick @ Nov 11 2011, 10:45 AM) Stay away from this ASB loan guys. If this is good, why instead of Maybank or CIMB, PNB didn't promote this? PNB is not a Bank LOL. Dah nama pon loan. ASB loan generate at least 15% each year + total principal at the end of period. + Prinsipal protected. Now tell me if there are better investment. =) |
|
|
Nov 11 2011, 11:29 AM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
QUOTE(ak.hazwan @ Nov 11 2011, 11:24 AM) Those who are smart enough =) Hahahaha...to pay loan for ASB 200k? other needed how? house? just rent till your ASB loan settle? die laaa...PNB is not a Bank LOL. Dah nama pon loan. ASB loan generate at least 15% each year + total principal at the end of period. + Prinsipal protected. Now tell me if there are better investment. =) |
|
|
Nov 11 2011, 11:33 AM
|
|
Junior Member
51 posts Joined: Jan 2008
|
Tell me if ASB loan if smart enough. Say you commit RM1k each month for this loan, suddenly any emergency occur. Do you have the money from ASB? Might as well you deposit 1k manually. Haha.
By the time you finish the loan tenure, say RM200k for 20years, the amount RM200k in 20 years to come is not the same as today anymore. You are smart Added on November 11, 2011, 11:34 am QUOTE(potenza10 @ Nov 11 2011, 11:29 AM) Hahahaha...to pay loan for ASB 200k? other needed how? house? just rent till your ASB loan settle? die laaa... +1 This post has been edited by clutchkick: Nov 11 2011, 11:34 AM |
|
|
Nov 11 2011, 11:37 AM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
For saving or investment in amanah saham, it is better if we do by our own...if emergency, we can withdraw easily.if pay loan, its burnt lahhhh
|
|
|
Nov 11 2011, 11:40 AM
|
|
Junior Member
51 posts Joined: Jan 2008
|
QUOTE(potenza10 @ Nov 11 2011, 11:37 AM) For saving or investment in amanah saham, it is better if we do by our own...if emergency, we can withdraw easily.if pay loan, its burnt lahhhh I can smell that you know what I mean. Hopefully the rest understand. Simple! Loan=commitment=bank get profit? We? For the sake of the current value that we see now, which is much more less once the loan is finished Bravo potenza10! |
|
|
Nov 11 2011, 11:47 AM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
I still remember when I terminate my Maybank ASB loan, the officer push me to upgrade to 50k loan (current loan is 25k)...she said "untung la u nanti, habis tenure u sudah ada 50k maaaa..manyak wooo"..then i replied "50k sekarang dengan 50k 30 tahun depan lain value maaa.kena kira inflasi jugakkk"...then, she just smile and cannot reply back..hehehee..why u are willing to share profit of asb with bank????
But i still respect to other who want to get this loan.i just voiced out my opinon.For saving or investment, better do by our own monies. i.e asb, silver, gold, stock, unit trust..just spare your loan facilites to those thing that cannot buy cash i.e car, house, land... Just my 1/4 oz gold coin! This post has been edited by potenza10: Nov 11 2011, 11:48 AM |
|
|
Nov 11 2011, 11:56 AM
|
|
Junior Member
51 posts Joined: Jan 2008
|
Same here, I was influenced by my dad about this ASB loan. He told me the same thing that our friend share here, dividend pay here and there and blablabla. About 3 months later I went to the bank and cancel, of course I need to pay some penalty for it. Better loss now then lot more later.
I think we all know that banks here always make money and play with us. Seldomly we play and make money with banks, and there are methods to! |
|
|
Nov 11 2011, 11:59 AM
|
|
Senior Member
809 posts Joined: Mar 2006 From: Ann Arbor
|
I'm pretty sure those who take ASB loans only plan to pay the first year with their own money and later use the dividends to cover the rest of the instalments.
for example I took 100k loan for 25 years. I only have to commit about RM8k to pay for the first year. The rest of the years can be covered with the dividends. Total money spent out of my pocket = 8k Total money received after 25 years without doing anything = 100k unless inflation gets crazy and 100k in 25 years is only worth 8k in current value, I don't see why ASB loan isn't a good choice. |
|
|
Nov 11 2011, 12:02 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
My salaray is too low..have to spare loan facilities for car and house and 1 cc...
|
|
|
Nov 11 2011, 12:03 PM
|
|
Senior Member
1,839 posts Joined: Mar 2005
|
QUOTE(AtMostFear @ Nov 11 2011, 11:59 AM) I'm pretty sure those who take ASB loans only plan to pay the first year with their own money and later use the dividends to cover the rest of the instalments. Exactly. That's why I didn't bother to reply to posts above you. They cannot see the point that we've been trying to makefor example I took 100k loan for 25 years. I only have to commit about RM8k to pay for the first year. The rest of the years can be covered with the dividends. Total money spent out of my pocket = 8k Total money received after 25 years without doing anything = 100k unless inflation gets crazy and 100k in 25 years is only worth 8k in current value, I don't see why ASB loan isn't a good choice. |
|
|
Nov 11 2011, 12:08 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Its depends on person itself as i can see it doesnt suit my needs. If emergency happens, i can withdraw my asb saving or pawn my gold or sell my silver bar..its easy to convert to cash.but different if u servicing loan for ASB..u cannot withdraw a bit from it and still need to continue pay the loan.
|
|
|
Nov 11 2011, 12:14 PM
|
|
Senior Member
1,839 posts Joined: Mar 2005
|
QUOTE(potenza10 @ Nov 11 2011, 12:08 PM) Its depends on person itself as i can see it doesnt suit my needs. If emergency happens, i can withdraw my asb saving or pawn my gold or sell my silver bar..its easy to convert to cash.but different if u servicing loan for ASB..u cannot withdraw a bit from it and still need to continue pay the loan. We pay from the DIVIDEND. Get it? After the first year, we are free to use our money to invest in other things. You only pay for the first year. After that, you don't have to pay. Use DIVIDEND. Then, you can use your OWN money to invest in mutual funds, gold, silver, property, etc, while you get FREE money from ASB. Can you brain that? |
|
|
Nov 11 2011, 12:23 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
ASB loan
1st year, use own money to pay loan, end of year get dividend.let say 8k. 2nd year, use 8k to pay loan.. Own 1st year saving with same amount with loan, end of year have 8k CASH in ASB book + dividend. 2nd year, continue saving. When emergency struck in mid of 2nd year and u need 10k...which one is better????? Loan - use dividend as emergency, then fork out your money continue pay loan Cash - lalaalalalalalalalalaa...smile of the way looking your ASB passbook.. GET IT DUDE? |
|
|
Nov 11 2011, 12:30 PM
|
|
Junior Member
51 posts Joined: Jan 2008
|
QUOTE(potenza10 @ Nov 11 2011, 12:23 PM) ASB loan It's ok la potenza10. They are smarter, paying for example RM80k in total to get RM50k beforehand. Smart.1st year, use own money to pay loan, end of year get dividend.let say 8k. 2nd year, use 8k to pay loan.. Own 1st year saving with same amount with loan, end of year have 8k CASH in ASB book + dividend. 2nd year, continue saving. When emergency struck in mid of 2nd year and u need 10k...which one is better????? Loan - use dividend as emergency, then fork out your money continue pay loan Cash - lalaalalalalalalalalaa...smile of the way looking your ASB passbook.. GET IT DUDE? |
|
|
Nov 11 2011, 12:37 PM
|
|
Senior Member
1,839 posts Joined: Mar 2005
|
QUOTE(potenza10 @ Nov 11 2011, 12:23 PM) ASB loan Did you read the part that I said from the second year we can invest in other things? It's not like I put all my eggs in one basket. Oh yes, if emergency struck, I can get money from my Public Mutual, Gold, Silver. I can even sell my properties.1st year, use own money to pay loan, end of year get dividend.let say 8k. 2nd year, use 8k to pay loan.. Own 1st year saving with same amount with loan, end of year have 8k CASH in ASB book + dividend. 2nd year, continue saving. When emergency struck in mid of 2nd year and u need 10k...which one is better????? Loan - use dividend as emergency, then fork out your money continue pay loan Cash - lalaalalalalalalalalaa...smile of the way looking your ASB passbook.. GET IT DUDE? |
|
|
Nov 11 2011, 12:40 PM
|
|
Junior Member
51 posts Joined: Jan 2008
|
How long you can sell your properties? Split seconds? When emergency really need solid cash whatsoever urgently?
Paying up more than what you get and you should get is smart. Seriously smart |
|
|
Nov 11 2011, 12:46 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Maybe those in early 20's who dont come across to buy house can try this loan la..when u start to find properties (condos in klang valley now hard to find below 400k) then u know how to evaluate your credit situation.
|
|
|
Nov 11 2011, 02:27 PM
|
Junior Member
289 posts Joined: Sep 2006
|
Few points to share on this. I'm all for taking this ASB Loan.
Reason? Point 1: If i save 1k per month, end of the year i have 12k. Dividend i receive will be based on the average balance of the year, approx 6k. Assuming dividend declared of 10%, i will earn RM600. If i took a loan of 100k, and paid 1k/month, the dividend i receive at the end of the year will be RM10,000. BIG DIFFERENCE! Point 2: Despite of taking the loan and having to pay the interest, the extra dividend i receive at the end of year will be able to subsidize the interest i have to pay and in fact still earn me a positive return (7% dvd vs 4%+ interest pay out) Point 3: If i take the loan, i can use the dividend to help making my monthly installments once i have received them after the 1st year. (1st year still no dividend so have to pay 100% la). So 2nd year onwards, your monthly is already subsidized in a sense. Point 4: If i take the loan, i have to take the ASBRTA (similar to MRTA for housing loan). If anything happen to me, the whole loan will be paid for and my next of kin will benefit. If i save 1k per month and i "kick the bucket" (touch wood), thats the end of the savings. Whatever i have thats it! How do i know all this? My wife does the ASB loan for one of the banks. So I've done the study for her and this is the outcome. Anyone interested to know more can PM me and i can get my wife to get in touch with you. (Klang Valley only and preferably min 100k loan laa) Added on November 11, 2011, 2:28 pmOooo.. on liquidity, you can easily sell off the loan and get whatever that's due back to you, and you still earn dividend on the duration you held the loan. Hope this helps to address the concerns on emergency funding. This post has been edited by flattyre: Nov 11 2011, 02:28 PM |
|
|
Nov 11 2011, 02:36 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Great!
If u save 1k per month with dividend 600 end year, you will get 12600 and its TOTALLY yours! If take loan, pay 1k per month and get dividend 10k end year, what is TOTALLY yours? 2nd year still short 2k lah if use dividend along still not enough to cover? Aiyahhh..just see the diff in term of end year dividend only. Added on November 11, 2011, 3:07 pmLet put it this way lah bank got 1mil to loan out and want to take advantage of asb dividend.so what they do? They offer loan facilties to BUMIPUTERA to take the loan.so,what is the summary? Banks will get benefit of the dividend for whole tenure when the 'smarters' group say 2nd year onwards just use the dividend to pay monthly loan and put a hope when end of loan tenure, they will get total amount of monies with inflation factor 3% per year...hahahahaha.. This post has been edited by potenza10: Nov 11 2011, 03:07 PM |
|
|
Nov 11 2011, 03:17 PM
|
|
Junior Member
289 posts Joined: Sep 2006
|
Put cash at end of year get 12.6k (based on earlier example)
Take 100k Loan, assume pay 1k per month end of year get dividend 6k Sell off the loan to bank. Get back your principal paid (12k - interest of say 5% of 12K =600. Hence net principal 11.4k) Total you get back = 11.4k + 6k = 17.4k. Compare Cash @ 12.6k vs Loan @ 17.4k = Difference of 4.8k (thats 38% more than via cash) All for 1 year work only. Which one better? This can happen because of leveraging. Use money to make money. Of course the bank also earns some income. But so do you. End of the day the choice is yours. Hence make your decision wisely. Edit. Sorry. The dividend that you get under the loan is 12k. (asuumption was 10% dividend) Since you took the 100k loan from the beginning, you earn the entire year period worth, and not prorated like under cash. Hence total return is actually higher than example shown above. My apologies for understating the benefits This post has been edited by flattyre: Nov 11 2011, 03:21 PM |
|
|
Nov 11 2011, 03:29 PM
|
|
Junior Member
51 posts Joined: Jan 2008
|
QUOTE(potenza10 @ Nov 11 2011, 02:36 PM) Great! +1 If u save 1k per month with dividend 600 end year, you will get 12600 and its TOTALLY yours! If take loan, pay 1k per month and get dividend 10k end year, what is TOTALLY yours? 2nd year still short 2k lah if use dividend along still not enough to cover? Aiyahhh..just see the diff in term of end year dividend only. Added on November 11, 2011, 3:07 pmLet put it this way lah bank got 1mil to loan out and want to take advantage of asb dividend.so what they do? They offer loan facilties to BUMIPUTERA to take the loan.so,what is the summary? Banks will get benefit of the dividend for whole tenure when the 'smarters' group say 2nd year onwards just use the dividend to pay monthly loan and put a hope when end of loan tenure, they will get total amount of monies with inflation factor 3% per year...hahahahaha.. You know bank already calculate all this interest, dividend and so on. Of course bank will make profit, if not they won't introduce this. If one side is gaining, what happend to the other side? During emergency, why do you need to sell back your loan+interest+penalty when you actually can use your own savings? For example if you need instantly RM20k NOW (for medical matter or family matter or whatever), do you really have the CASH? Yes, CASH? Yes, go and get from ASB loan |
|
|
Nov 11 2011, 03:34 PM
|
|
Junior Member
289 posts Joined: Sep 2006
|
Of course in terms of liquidity, cash is king. I believe for the loan maybe take 2 to 3 months to encash. In meantime, can use the dividends & advance with CC or borrow from Ah Long
.For ASB loan, be careful of which bank you take from as some has early exit penalty and some do not when you decide to sell back the loan. Hence be wise and know what you're getting into! |
|
|
Nov 11 2011, 04:07 PM
|
|
Senior Member
809 posts Joined: Mar 2006 From: Ann Arbor
|
QUOTE(clutchkick @ Nov 11 2011, 03:29 PM) +1 please explain how I'm not gaining when I only have to fork out RM8k of my own money and get RM100k 25 years later.You know bank already calculate all this interest, dividend and so on. Of course bank will make profit, if not they won't introduce this. If one side is gaining, what happend to the other side? |
|
|
Nov 11 2011, 04:20 PM
|
|
Junior Member
289 posts Joined: Sep 2006
|
QUOTE(AtMostFear @ Nov 11 2011, 04:07 PM) please explain how I'm not gaining when I only have to fork out RM8k of my own money and get RM100k 25 years later. +1Exactly the point. You get back the money at the end of the period. Not that the bank keeps the 100k. That would be daylight robbery!! In short, the dividend is almost sufficient to cover the loan, and you only need to pay minimal in total. |
|
|
Nov 11 2011, 04:50 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Alamak haiiii..still dont get it ka? What u pay is more what u will get...u fork out more than 100k for 30yrs to get 100k fiat money in 30yrs later meanwhile banks enjoy the fruitness dividend of asb.
Dont talk about robbery la.if u save it in your asb account, still can be robbed ka? Talking of fiat money, us dollar lost its value nearly 90% since 1971 thanks to President Nixon moves.Google it. Do u have any idea 30yrs back, what is the living cost comparing nowadays? This post has been edited by potenza10: Nov 11 2011, 04:55 PM |
|
|
Nov 11 2011, 05:21 PM
|
|
Senior Member
809 posts Joined: Mar 2006 From: Ann Arbor
|
QUOTE(potenza10 @ Nov 11 2011, 04:50 PM) Alamak haiiii..still dont get it ka? What u pay is more what u will get...u fork out more than 100k for 30yrs to get 100k fiat money in 30yrs later meanwhile banks enjoy the fruitness dividend of asb. Alamak haiiii..still dont get it ka? I know I'll be paying more than what I will get in the end, but I'm not paying them with money from my own pocket. I'm paying the bank with the dividends that I get. Dont talk about robbery la.if u save it in your asb account, still can be robbed ka? Talking of fiat money, us dollar lost its value nearly 90% since 1971 thanks to President Nixon moves.Google it. Do u have any idea 30yrs back, what is the living cost comparing nowadays? so technically the amount of money spent out of MY pocket, is only RM8k. not sure if trolling or too smart.. |
|
|
Nov 11 2011, 05:34 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Thats why bank is the winner.the purpose of asb is to give dividend to their INVESTOR not to bank.bank bind u with the loan to get the dividend.dont shout too loud la about 100k in 30yrs later.pity!
Please remember asb tagline..'sikit sikit lama lama jadi bukit'..anyway, good luck! This post has been edited by potenza10: Nov 11 2011, 05:37 PM |
|
|
Nov 11 2011, 05:43 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(AtMostFear @ Nov 11 2011, 05:21 PM) Alamak haiiii..still dont get it ka? I know I'll be paying more than what I will get in the end, but I'm not paying them with money from my own pocket. I'm paying the bank with the dividends that I get. let me do simple calculation for u.so technically the amount of money spent out of MY pocket, is only RM8k. not sure if trolling or too smart.. Assume the BLR fixed at 6.60% throughout the tenure. The dividend is 7% throughout the tenure (this is the worst scenario. Based on the table provided by CIMB bank for ASB loan. Assume i take rm100k loan and loan it for 20 years. monthly instalment rm657 total payment made after 20 yrs =(657 x 12mth x 20yrs) =157,680 thats mean total interest paid after 20 yrs is 57,680 Although the loan is based on reducing balance method, let me assume it is using compound interest method, use compound interest formula, We find the rate of interest using compound interest formula, P(1+r)^n = Principal +interest 100,000 (1+r)^20=157,680 use ur calculator, r= 2.3031% in case of worst scenario, ur ASB dividend at least generate 7% without include bonus. u borrow at 2.3031% but u get a return of 7% at least per annum. Ask urself, is it worth? the figures tell it all. This is just a simple arbitrage. I will not say it is a free money, because u gain higher return by facing higher risk. but the risk is near to zero. if the BLR increase to 7%, using weighted average for 20 yrs, u still in financially better position, becaouse the 2 interest gap is quite big. if PNB collapse, i think malaysia will face bankruptcy too. Then the ringgit u deposited inside the bank also will worth nothing at the end. better u buy gold if u dont have confident with the prospect of malaysia. |
|
|
Nov 11 2011, 05:52 PM
|
 
Staff
7,948 posts Joined: Jan 2005 From: Soviet Sarawak
|
i plan to take out 100k from my ASB (maxed out) and dump it into AHB, and get a 100k ASB loan (10yrs)
how much will i earn just by playing around? 100k AHB @ 6.0% p.a. = 6,000 100k ASB @ 7.0% p.a. = 7,000 total = 13,000 100k ASB loan repayment (maybank, BLR -1.65%) = 1,060/mo x 12 = 12,720 p.a. How much I earn? = 13,000 - 12,720 = 280 p.a. How much do i have to pay to service my loan = NIL What do i get? Free rm 100k being a bumiputra cainiz is fukken win! and i have yet to factor in compounding dividend... picture unrelated:  This post has been edited by lucifah: Nov 11 2011, 05:55 PM |
|
|
Nov 11 2011, 06:40 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Opsss..there another 16k that u have to topup there, bursalchemy..
|
|
|
Nov 11 2011, 07:01 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(potenza10 @ Nov 11 2011, 06:40 PM) Opsss..there another 16k that u have to topup there, bursalchemy.. rm657x12mths= rm7,884 only. i dun understand what 16k are u talking.LOL! is there any problem, it is for future savings. after 20 yrs, u can get rm100k, does it worth? |
|
|
Nov 11 2011, 07:04 PM
|
|
Senior Member
1,341 posts Joined: Sep 2008
|
i dont see whats d prob. i put 12k, den its rolling by itself. and dividend pay out for d next year and so on. and its compounding effect.
so i pay 12k -> i got more than 200k in the future. so? who cares bank benefit or not. its win win situation. |
|
|
Nov 11 2011, 07:06 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(spikyz @ Nov 11 2011, 07:04 PM) i dont see whats d prob. i put 12k, den its rolling by itself. and dividend pay out for d next year and so on. and its compounding effect. Like. some mediocre mind just dont understand the effect of compound interest. It is a double edge sword. Time is our great friend if we know how to use compound interest by our side.so i pay 12k -> i got more than 200k in the future. so? who cares bank benefit or not. its win win situation. |
|
|
Nov 11 2011, 07:17 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
U still short of dividend to cover your loan installment, right?
Investment is to minimise the risk. By loan, you will take a risk of blr changes. Dont expect for whole 20yrs the blr will be same. And by looking history of dividend pay out by asb since 1990, first 10yrs is much higher than last 10yrs. Dividend amount declining meanwhile inflation keep on coming. And how confident u just pay 12k and in 20yrs get 100k when there is the risk of shortage of dividend to cover installment IF blr go up? There is no guarantee dude! Its better self saving. This post has been edited by potenza10: Nov 11 2011, 07:20 PM |
|
|
Nov 11 2011, 08:04 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(potenza10 @ Nov 11 2011, 07:17 PM) U still short of dividend to cover your loan installment, right? Nvm.. diferent people has different risk appetite. u happy then is ok. Actually there is no real answer right or wrong. After 20 yrs see who accumulate more wealth. Investment is to minimise the risk. By loan, you will take a risk of blr changes. Dont expect for whole 20yrs the blr will be same. And by looking history of dividend pay out by asb since 1990, first 10yrs is much higher than last 10yrs. Dividend amount declining meanwhile inflation keep on coming. And how confident u just pay 12k and in 20yrs get 100k when there is the risk of shortage of dividend to cover installment IF blr go up? There is no guarantee dude! Its better self saving. |
|
|
Nov 11 2011, 08:55 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
More wealth? Can u calculate loan asb vs saving by own until end of 20yrs, which one is more? Hahahaha...simple calculation.
|
|
|
Nov 12 2011, 12:04 AM
|
|
Staff
7,948 posts Joined: Jan 2005 From: Soviet Sarawak
|
QUOTE(potenza10 @ Nov 11 2011, 08:55 PM) More wealth? Can u calculate loan asb vs saving by own until end of 20yrs, which one is more? Hahahaha...simple calculation. it might be almost the same, but u forgot one very good feature about the asb loansay you loan 200k for 20-years you will automatically need to purchase MRTA and say, after 5 yrs paying, you suddenly kicked the bucket your spouse or your next of kin will automatically get the 200k foc, regardless of how much u have paid this is true story as i got personal exp |
|
|
Nov 12 2011, 02:01 AM
|
Senior Member
1,008 posts Joined: Aug 2008
|
very interesting debate we got here, but lets maintain it in healthy condition, shall we.
i interested with someone's post earlier (too lazy to search back for quoting), regarding maybank officer recommend him to increase loan value, but then just kept silent after talk about inflation. i guess maybe we can share, if there are our own friends from banking field, whether they take or not this asb loan too.. that would be a good reason/example to us, for taking (or not taking) this ASB loan.. This post has been edited by monara: Nov 12 2011, 02:38 AM |
|
|
Nov 12 2011, 08:51 AM
|
|
Staff
7,948 posts Joined: Jan 2005 From: Soviet Sarawak
|
QUOTE(SANGKANCIL2000 @ Aug 15 2011, 09:09 PM) this type of investment only happen in malaysia... it is not no effort, but very less effort. u sitll need to initiate the loan 1st...no need effort also can get money in return... just because of colour... ini memang 1 malaysia... malays 1st other second as mention by TPM i is yellow-skinned cainiz bumiputra, so your statement is wrong there are ways for a true non-bumi cainiz to be bumiputra, but i guess this is not the place to discuss about it... |
|
|
Nov 12 2011, 11:20 AM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Kepada semua ahli forum yang dihormati.
Izinkan saya berkongsi hasil pengiraan saya yang tidak mempunyai latarbelakang ekonomi. Mari kita ambil contoh kes pinjaman asb selama 30thn berjumlah 100k. Kadar inflasi negara kita yang dicintai ialah 3% setahun, jadinya jumlah terkumpul selama 30thn ialah 90%! Ini bermakna, nilai wang 100k pada 30thn ke hadapan adalah bersamaan dengan nilai jumlah wang 10k pada tahun ini. Oleh itu, dengan bermodalkan 12k duit sendiri pada tahun pertama pinjaman asb dan mengharapkan wang 100k pada 30thn kehadapan yang sebenarnya hanya bernilai 10k pada tahun ini adalah amat tidak berbaloi. Ini belum mengambil kira risiko perubahan pada kadar BLR dan juga kadar pulangan dividen asb yang tidak dijanjikan akan tetap pada 7% selama 30thn. Jika digoogle sejarah pembayaran dividen asb sejak ianya dilancarkan pada 1990, pulangan pada 10tahun terakhir adalah berkurangan jika dibandingkan pada 10tahun terawal. Sekian. This post has been edited by potenza10: Nov 12 2011, 09:44 PM |
|
|
Nov 13 2011, 03:41 AM
|
|
Junior Member
51 posts Joined: Jan 2008
|
QUOTE(potenza10 @ Nov 12 2011, 11:20 AM) Kepada semua ahli forum yang dihormati. Izinkan saya berkongsi hasil pengiraan saya yang tidak mempunyai latarbelakang ekonomi. Mari kita ambil contoh kes pinjaman asb selama 30thn berjumlah 100k. Kadar inflasi negara kita yang dicintai ialah 3% setahun, jadinya jumlah terkumpul selama 30thn ialah 90%! Ini bermakna, nilai wang 100k pada 30thn ke hadapan adalah bersamaan dengan nilai jumlah wang 10k pada tahun ini. Oleh itu, dengan bermodalkan 12k duit sendiri pada tahun pertama pinjaman asb dan mengharapkan wang 100k pada 30thn kehadapan yang sebenarnya hanya bernilai 10k pada tahun ini adalah amat tidak berbaloi. Ini belum mengambil kira risiko perubahan pada kadar BLR dan juga kadar pulangan dividen asb yang tidak dijanjikan akan tetap pada 7% selama 30thn. Jika digoogle sejarah pembayaran dividen asb sejak ianya dilancarkan pada 1990, pulangan pada 10tahun terakhir adalah berkurangan jika dibandingkan pada 10tahun terawal. Sekian. |
|
|
Nov 13 2011, 02:06 PM
|
|
Senior Member
1,008 posts Joined: Aug 2008
|
is there any limit of how many loan certs can be taken, per person?
i only know that the total amount must not exceed rm200k.. |
|
|
Nov 13 2011, 07:53 PM
|
Junior Member
349 posts Joined: May 2007 From: KK
|
The best is do ASB loan 100k for term not more than 15yrs..monthly around 760..pay for first 6 yrs & use 6 yrs cummulative divident to settle the loan balance..dont go 4 more than 15yrs!!
|
|
|
Nov 14 2011, 12:05 AM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Can u share your detail calculation for the above? If its beneficial to the loan takers, it will great.
This post has been edited by potenza10: Nov 14 2011, 12:08 AM |
|
|
Nov 14 2011, 12:53 AM
|
|
Junior Member
51 posts Joined: Jan 2008
|
For me,
1. interest is crazy, plus inflation factor blablabla 2. loan is debt, not a good debt Start savings and buy property(location, location, location). ASB loan is not a savings |
|
|
Nov 14 2011, 03:29 PM
|
Senior Member
554 posts Joined: Dec 2010
|
QUOTE(clutchkick @ Nov 14 2011, 12:53 AM) For me, for me.. why do u need to loan for ur savings?1. interest is crazy, plus inflation factor blablabla 2. loan is debt, not a good debt Start savings and buy property(location, location, location). ASB loan is not a savings rite now, everything is 'comel'.. ur monthly bayaran is 'cantik'.. but what happen in the future when u need to use money for emergency? personally, i save a portion from my salary and put it in asb.. i have more, i put more. i have less, i put less.. i hv none, i put none.. and if there is economy guru here that can justify loan asb vs own saving.. this will be purrrfect XD |
|
|
Nov 14 2011, 03:57 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
No need economy guru..just simple calculation only..btw, i leave it to those who are 'smart' to do the calculation...no offenses!
 |
|
|
Nov 14 2011, 07:51 PM
|
|
Junior Member
51 posts Joined: Jan 2008
|
QUOTE(ooorait @ Nov 14 2011, 03:29 PM) for me.. why do u need to loan for ur savings? Exactly, you are right.rite now, everything is 'comel'.. ur monthly bayaran is 'cantik'.. but what happen in the future when u need to use money for emergency? personally, i save a portion from my salary and put it in asb.. i have more, i put more. i have less, i put less.. i hv none, i put none.. and if there is economy guru here that can justify loan asb vs own saving.. this will be purrrfect XD Usually people pay out rent, car, bill and blablaba. Provided if there is any balance from salary minus those commitment there goes the saving for that current month. As for me I practise, pay myself first before I pay the rest (property,rent,bills,etc). Thankgod this works for me. |
|
|
Nov 15 2011, 06:26 PM
|
|
Junior Member
143 posts Joined: Mar 2010 From: kamfet zon™
|
good fight!
this is easy, let's say u afford to save rm1000/month. u can save rm500 directly in ASB & spent another rm500 to service the loan. This will help u to manage the 'risk' and at the same time enjoying the leverage. btw, my ASB loan repayment is fixed throughout the tenure. not sure about others. no worries about BLR for me |
|
|
Nov 15 2011, 09:23 PM
|
|
Senior Member
1,008 posts Joined: Aug 2008
|
QUOTE(clearcase @ Nov 15 2011, 06:26 PM) good fight! so, there is fixed monthly installment and varied annualy, depend on BLR eh? is it depend on bank..this is easy, let's say u afford to save rm1000/month. u can save rm500 directly in ASB & spent another rm500 to service the loan. This will help u to manage the 'risk' and at the same time enjoying the leverage. btw, my ASB loan repayment is fixed throughout the tenure. not sure about others. no worries about BLR for me QUOTE(monara @ Nov 13 2011, 02:06 PM) is there any limit of how many loan certs can be taken, per person? anyone?i only know that the total amount must not exceed rm200k.. |
|
|
Nov 15 2011, 11:46 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(monara @ Nov 15 2011, 09:23 PM) so, there is fixed monthly installment and varied annualy, depend on BLR eh? is it depend on bank.. u can take different loan package from different bank. there is no limit of how many certs are u taking. but u will be charged by the initial fees for each certificate. such as stamp duty and initial bank charges anyone? Added on November 15, 2011, 11:50 pm QUOTE(clearcase @ Nov 15 2011, 06:26 PM) good fight! We are not fighting. just speak out own opinion. my strategy now is take rm50k loan and open a new bank account, so that the bank can direct debit my account each month and i wont mix up with my day to day account which is use to finance my daily expenses. this is easy, let's say u afford to save rm1000/month. u can save rm500 directly in ASB & spent another rm500 to service the loan. This will help u to manage the 'risk' and at the same time enjoying the leverage. btw, my ASB loan repayment is fixed throughout the tenure. not sure about others. no worries about BLR for me when i got extra cash flow, i will transfer the fund to the account use to finance asb loan. if it still not enough, i will take out some of the dividned frm asb as a last resort. This post has been edited by bursalchemy: Nov 15 2011, 11:50 PM |
|
|
Nov 19 2011, 08:23 PM
|
|
Junior Member
25 posts Joined: Oct 2010
|
i take ASB loan on April 2011..but bank site not give me any statement for every payment that i have made..is it i need to call them..i'm affraid that they misuse my $ bcoz there is no proof that can i show later..
|
|
|
Nov 19 2011, 08:34 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(blackhat_87 @ Nov 19 2011, 08:23 PM) i take ASB loan on April 2011..but bank site not give me any statement for every payment that i have made..is it i need to call them..i'm affraid that they misuse my $ bcoz there is no proof that can i show later.. which bank loan are u taking? Maybe u can use online banking to check how much u owing |
|
|
Nov 19 2011, 08:45 PM
|
|
Junior Member
25 posts Joined: Oct 2010
|
QUOTE(bursalchemy @ Nov 19 2011, 08:34 PM) which bank loan are u taking? Maybe u can use online banking to check how much u owing Maybank..sory i don't use online banking(maybank2u)..based on wat i know if we ordy make a payment they should give to us statement of account right..plz correct me if im wrong.. |
|
|
Nov 19 2011, 08:51 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Got statement? Dont think so.maybe, yearly statement yes! If u pay car loan, personal loan etc got monthly statement or not?
|
|
|
Nov 19 2011, 11:36 PM
|
|
Junior Member
25 posts Joined: Oct 2010
|
u mean end of this year they will post to me the statement..
|
|
|
Nov 19 2011, 11:51 PM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
Yes Maybank post to you yearly statement. PNB oso post to you yearly statement. Dont be afraid dealing with bank lar. every single transaction is recorded. When u take ASB Loan, need to sign lotsa docs & agreement. No Problem. Un-Scary at all. Confident jer. No such issue ~
Added on November 19, 2011, 11:52 pmuse M2u,under loan section- everiday oso can check balance/transaction etc. This post has been edited by ak.hazwan: Nov 19 2011, 11:52 PM |
|
|
Nov 20 2011, 12:17 AM
|
|
Junior Member
25 posts Joined: Oct 2010
|
QUOTE(ak.hazwan @ Nov 19 2011, 11:51 PM) Yes Maybank post to you yearly statement. PNB oso post to you yearly statement. Dont be afraid dealing with bank lar. every single transaction is recorded. When u take ASB Loan, need to sign lotsa docs & agreement. No Problem. Un-Scary at all. Confident jer. No such issue ~ if u say like that its ok la Added on November 19, 2011, 11:52 pmuse M2u,under loan section- everiday oso can check balance/transaction etc. ..but i started take a loan on april this year.is it the bank will give me the statement end of this year OR on april next year(reason to complete 1 year first). |
|
|
Nov 20 2011, 12:36 AM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
nono. ASB ends 31Dec. So u'll get statement on January. =)
|
|
|
Nov 20 2011, 10:08 PM
|
Junior Member
140 posts Joined: Jun 2006
|
Started to know about this ASB Loan since my Uni day, somewhere year 2002 if I'm not mistaken.
Been following this trend time to time. Mechanism have not change, the banks play with the interest rate offered. From '+' BLR, now '-' BLR. After self calculation, lots of spreadsheet job, discussion, I never try this out. Most of the ppl got confused with the dividend % and bonus %. Yearly dividend is your monthly average through out that particular financial year & additional bonus % is your average balance for the past 10years. So, don't simply think that we can get full amount for the first 9 years. To me, this method will ONLY benefit to discipline yourself to do your own monthly saving. My advise, don't max out, don't be greedy. We will never know what happen in 20/25years. p/s: I have 5 friends took this loan, 4 out of it surrender and at the end, they loss money |
|
|
Nov 21 2011, 02:33 PM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
QUOTE(mrbadrul @ Nov 20 2011, 10:08 PM) Started to know about this ASB Loan since my Uni day, somewhere year 2002 if I'm not mistaken. Great Tips ! Been following this trend time to time. Mechanism have not change, the banks play with the interest rate offered. From '+' BLR, now '-' BLR. After self calculation, lots of spreadsheet job, discussion, I never try this out. Most of the ppl got confused with the dividend % and bonus %. Yearly dividend is your monthly average through out that particular financial year & additional bonus % is your average balance for the past 10years. So, don't simply think that we can get full amount for the first 9 years. To me, this method will ONLY benefit to discipline yourself to do your own monthly saving. My advise, don't max out, don't be greedy. We will never know what happen in 20/25years. p/s: I have 5 friends took this loan, 4 out of it surrender and at the end, they loss money |
|
|
Nov 22 2011, 07:52 PM
|
|
Junior Member
77 posts Joined: Oct 2010
|
which one is a best method to make sure we get the good profit from asb.
1) make a personal loan with bank and put all the money to asb acc 2) make a asb loan at any bank that offer for this loan. |
|
|
Nov 22 2011, 08:28 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Please do your math..interest per annum vs asb dividend
|
|
|
Nov 22 2011, 08:28 PM
|
|
Senior Member
5,379 posts Joined: Jul 2009
|
QUOTE(shain87 @ Nov 22 2011, 07:52 PM) which one is a best method to make sure we get the good profit from asb. the answer is No.2.1) make a personal loan with bank and put all the money to asb acc 2) make a asb loan at any bank that offer for this loan. personal loan usually charge higher interest, and increase your cost of funding |
|
|
Nov 23 2011, 05:31 AM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
QUOTE(shain87 @ Nov 22 2011, 07:52 PM) which one is a best method to make sure we get the good profit from asb. ASB loan BLR -1.65% = 6.6-1.65 = 4.95%1) make a personal loan with bank and put all the money to asb acc 2) make a asb loan at any bank that offer for this loan. Loan, maybe Shain woks in Gov, so cheapest 3.98% (CIMB) but this one careful, cannot early settlement or pay 5% penalty. However, if u check the schedule, Personal loan will cost u higher bcoz its Monthly rest/year;y rest interest basis, whereas ASB loan in on daily/monthlt basis (i dub hav accurate info) In conclusion, just take ASB loan, will profit u higher, tarak kacau ur payslip, eazy approval. |
|
|
Nov 29 2011, 12:25 AM
|
Junior Member
59 posts Joined: Oct 2011
|
QUOTE(shain87 @ Nov 22 2011, 07:52 PM) which one is a best method to make sure we get the good profit from asb. Number 2 I think.1) make a personal loan with bank and put all the money to asb acc 2) make a asb loan at any bank that offer for this loan. You know better than me. |
|
|
Nov 29 2011, 03:55 PM
|
Junior Member
372 posts Joined: Jun 2010
|
QUOTE(ding_dong @ Apr 6 2008, 01:34 PM) intresting that maybank and RHB offer a ASB loan Not 6++. But 6-1.4 =4.6++ %interest around 6++ and ASB reture around 7-8% is it worth to take it??? which one better RHB or Maybank??? |
|
|
Dec 7 2011, 10:53 PM
|
Junior Member
20 posts Joined: Nov 2011
|
I take out my money from ASB and put into Bank Rakyat share.
Hoping next year for 15% dividend in return as previous. ASB for 2010 is 7.5%, the dividend getting low and lower almost the same percentage given to ASN 6% |
|
|
Dec 7 2011, 11:28 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
have u taken any asb loan?
|
|
|
Dec 8 2011, 01:27 PM
|
|
Junior Member
40 posts Joined: Jul 2009
|
QUOTE(LOGIN @ Dec 7 2011, 10:53 PM) I take out my money from ASB and put into Bank Rakyat share. Bank Rakyat Share currently allow maximum RM 500 top up and new account also maximum RM500.. Hoping next year for 15% dividend in return as previous. ASB for 2010 is 7.5%, the dividend getting low and lower almost the same percentage given to ASN 6% As i only able to put RM500. I also request for another 20k but until now not receive any new from Bank Rakyat |
|
|
Dec 9 2011, 01:52 AM
|
|
Junior Member
20 posts Joined: Nov 2011
|
QUOTE(potenza10 @ Dec 7 2011, 11:28 PM) have u taken any asb loan? no.Added on December 9, 2011, 1:57 am QUOTE(hewittsteven @ Dec 8 2011, 01:27 PM) Bank Rakyat Share currently allow maximum RM 500 top up and new account also maximum RM500.. ya... bit sad cause they put limits. i got around 20k inside. cannot add more. dang! today got visit from allianze malaysia offer fixed rated up to 24%.... like in dream only. anyone know bout this?As i only able to put RM500. I also request for another 20k but until now not receive any new from Bank Rakyat This post has been edited by LOGIN: Dec 9 2011, 01:57 AM |
|
|
Dec 16 2011, 09:07 PM
|
Senior Member
1,337 posts Joined: Apr 2011
|
24% sure or not?
|
|
|
Dec 16 2011, 11:25 PM
|
|
Senior Member
5,379 posts Joined: Jul 2009
|
QUOTE(hewittsteven @ Dec 8 2011, 01:27 PM) Bank Rakyat Share currently allow maximum RM 500 top up and new account also maximum RM500.. what is the max limit one can buy Bank Rakyat's shares?As i only able to put RM500. I also request for another 20k but until now not receive any new from Bank Rakyat |
|
|
Dec 18 2011, 02:12 AM
|
|
Junior Member
40 posts Joined: Jul 2009
|
QUOTE(cheahcw2003 @ Dec 16 2011, 11:25 PM) what is the max limit one can buy Bank Rakyat's shares? I also not quite sure about it, but the quata for new and old customer only able to deposit maximum rm 500. Those who having more then 20k in their acount, is usually from their super old customer or first buyer of their share. As from what i know, bank rakyat share last time is not a popular share, no ppl want it, haha!!! But now different. The bank rakyat actually stop issue their share quite long time ago. Just this year they launch it back, but with limit per person:-)We can also try bank persatuan share right? I still study on it, my friend told me they pay quite nice dividen. How true is that i kinda not so sure.. But for me ASB still the best...anytime can sell it or buy it... Max 200k Sorry about my language :-) Added on December 18, 2011, 2:18 am QUOTE(LOGIN @ Dec 9 2011, 01:52 AM) no. Ya is it.lucky you able to put so much inside..... Wow 24%... It too good to be true :-) beware of scam my friend.... :-PAdded on December 9, 2011, 1:57 am ya... bit sad cause they put limits. i got around 20k inside. cannot add more. dang! today got visit from allianze malaysia offer fixed rated up to 24%.... like in dream only. anyone know bout this? This post has been edited by hewittsteven: Dec 18 2011, 02:18 AM |
|
|
Dec 18 2011, 03:15 AM
|
|
Junior Member
59 posts Joined: Jun 2009
|
QUOTE(hewittsteven @ Dec 18 2011, 02:12 AM) I also not quite sure about it, but the quata for new and old customer only able to deposit maximum rm 500. Those who having more then 20k in their acount, is usually from their super old customer or first buyer of their share. As from what i know, bank rakyat share last time is not a popular share, no ppl want it, haha!!! But now different. The bank rakyat actually stop issue their share quite long time ago. Just this year they launch it back, but with limit per person:-) bank persatuan 6% last yearWe can also try bank persatuan share right? I still study on it, my friend told me they pay quite nice dividen. How true is that i kinda not so sure.. But for me ASB still the best...anytime can sell it or buy it... Max 200k Sorry about my language :-) Added on December 18, 2011, 2:18 am Ya is it.lucky you able to put so much inside..... Wow 24%... It too good to be true :-) beware of scam my friend.... :-P |
|
|
Dec 18 2011, 04:43 PM
|
|
Junior Member
25 posts Joined: Oct 2010
|
Now is almost end of the year 2011.Any suggestion when can I check & collect my dividen?
|
|
|
Dec 18 2011, 09:39 PM
|
 
Moderator
9,301 posts Joined: Mar 2008
|
QUOTE(blackhat_87 @ Dec 18 2011, 04:43 PM) Now is almost end of the year 2011.Any suggestion when can I check & collect my dividen? For ASB, on 3/1/2012. |
|
|
Dec 19 2011, 03:19 AM
|
Senior Member
2,377 posts Joined: Jul 2007 From: Biggest IT Warehouse in Malaysia
|
Want to share something about ASB loan, for me the calculations are very
simple. Based on my experience, I took maybank 80k, RHB 80k. These are what I've been doing for 1 year++. QUOTE Bank: Maybank - Amount Loan : RM80,000.00 20 years tenure / Monthly repayment - RM470.00 RM470 x 12 months (1 year) = RM5,640.00 RM470 x 240 months (20 years) = RM112,800.00 Total Interest: RM32,800.00 Dividend (if let say 8% whole 20 years) :- Yearly = RM80,000.00 x 8% = RM6,400.00 Total Dividend :- RM6,400 x 20 years = RM128,000.00 Total Profit (after 20 years and if you take out the dividen) :- We earned RM15,200.00 and RM80,000.00 inside our ASB. Result / Conclusion :- 1st year = monthly repayment was painful for me, but after I got the dividend, I've settled all 2nd year re-payment. This method will be continue for the remaining re-payment for the next 18-19 years. QUOTE Bank: RHB - Amount Loan : RM80,000.00 Btw, I took their service when they did a promotion, hence interest might be20 years tenure / Monthly repayment - RM534.00 RM534 x 12 months (1 year) = RM6,408.00 RM534 x 204 months (17 years) = RM108,936.00 Total Interest: RM28,936.00 Why 17 years only? Haaaaa.... There's one HUGE different between RBH vs Maybank, RHB offered me, FIRST 3 YEAR I don't have to pay any single cent. Therefore, my yearly interest starts on the 4th year. Dividend (if let say 8% whole 20 years) :- See below calculation. Nice? Think about it, the 1st 3 years you never touch the asb dividend. 1st year: RM80,000.00 + RM6,400.00 = RM86,400.00 2nd year: RM86,400.00 + RM6,912.00 = RM93,312.00 3rd year: RM93,312.00 + RM7,465.00 = RM100,777.00 4th year (when you need to pay RM6,408.00 yearly) : RM100,777 + RM8,062.00 January on the 4th year, you'll received RM8,062.00 as your yearly dividend. RM8,062.00 - RM6,408.00 = Earned RM1,654.00 Total Profit (after 17 years and if you take out the dividen) :- We earned RM28,188.00 and RM100,777.00 inside our ASB. Result / Conclusion :- It's a very good deal BUT we must be very patient with this plan. Not involving any personal money. Yeah, it's like FOC service. Hehe. higher/lower than certain people now. Depends on the bank rate on that time. Age range below 25 years old better go for ASB loan. Less liquidity. Actually it's very subjective, certain people will take out the dividend, certain people just let it grow inside account. Dizzy, to many calculation i did since 2AM, for house, car, asb, gold, silver and so on. Error may occur Im not a good adviser, you may go to the bank to ask for a consultant. This post has been edited by ayil: Dec 19 2011, 04:58 AM |
|
|
Dec 20 2011, 12:12 PM
|
|
Junior Member
208 posts Joined: Aug 2009
|
Is it true that only maybank offer Islamic loan for ASB, other than that is conventional loan?
|
|
|
Dec 20 2011, 05:38 PM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
QUOTE(OneBuck @ Dec 20 2011, 12:12 PM) Is it true that only maybank offer Islamic loan for ASB, other than that is conventional loan? Yes Only Maybank Islamic Provide ASBLoan islamic. but temporary STOP. Currently. Dunno when will start back~~ |
|
|
Dec 21 2011, 12:51 PM
|
|
Junior Member
454 posts Joined: Oct 2009
|
Now everytime you go to Maybank to open ASB account the salesperson will push you really hard until you agree to take this loan
|
|
|
Dec 21 2011, 02:07 PM
|
Junior Member
155 posts Joined: Oct 2006 From: Putar Jaya
|
If you don't want to make ASB loan, never, ever mention ASB while you're in the bank
|
|
|
Dec 21 2011, 10:44 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
QUOTE(ak.hazwan @ Dec 20 2011, 05:38 PM) Yes Only Maybank Islamic Provide ASBLoan islamic. but temporary STOP. Currently. Dunno when will start back~~ what are the benefit taking ASB islamic loan? |
|
|
Dec 22 2011, 10:57 AM
|
|
Junior Member
208 posts Joined: Aug 2009
|
[quotebursalchemy,Dec 21 2011, 10:44 PM]
what are the benefit taking ASB islamic loan? [/quote] For me shariah compliance. |
|
|
Dec 22 2011, 12:52 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
QUOTE(Sifha238 @ Dec 21 2011, 12:51 PM) Now everytime you go to Maybank to open ASB account the salesperson will push you really hard until you agree to take this loan because why? Because it is fruitful to them la bro...aiyooooo.the loan takers are still blind.they suck your dividend every year to enable them make more money EVERY year..i mean EVERY year.It is different between enjoy dividend per year vs hoping duit pokok at end of loan tenure.Let me put like this. U buy a house secara hutang and give the pemiutang a right to collect the rent for let say 30yrs during loan tenure.when finish 30yrs, the housr is yours.at least the house price will appreciated according to 30yrs time frame.AT LEAST. But it doesnt work with your asb loan...come on laaaa...100k is still 100k in 30yrs future. This post has been edited by potenza10: Dec 22 2011, 12:54 PM |
|
|
Dec 22 2011, 02:37 PM
|
Senior Member
2,694 posts Joined: Feb 2007 From: KL
|
If one day, Bank interest rate rises and ASB dividend is low, it's a GG for you guys who are taking ASB loan..
|
|
|
Dec 22 2011, 10:19 PM
|
Junior Member
198 posts Joined: Nov 2011
|
2011
Dividen from year 2010 - Rm 7,+++ Paid = Rm 4,200 2012 Dividen from year 2011 - 7,+++ To pay = Rm 4,200 |
|
|
Dec 22 2011, 11:14 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
[quote=OneBuck,Dec 22 2011, 10:57 AM]
[quotebursalchemy,Dec 21 2011, 10:44 PM] what are the benefit taking ASB islamic loan? [/quote] For me shariah compliance. [/quote] thats mean muslim cannot take conventional loan? must take islamic bank loan for shariah complaince? |
|
|
Dec 23 2011, 10:11 AM
|
|
Junior Member
208 posts Joined: Aug 2009
|
[quote=bursalchemy,Dec 22 2011, 11:14 PM]
For me shariah compliance. [/quote] thats mean muslim cannot take conventional loan? must take islamic bank loan for shariah complaince? [/quote] For me, in order for them to be shariah compliance, the answer is YES! Muslim should TRY to be the best in meeting the Islamic rules but in my humble opinion, it can be done slowly but consistently. For example, you have conventional housing loan and it is troublesome to cancel it and lead you to greater loss. So you may hold it and pray to God to forgive you. I know that conventional loan give a better rate compared to Islamic but I think, in Islam, great return in term of monetary is not main target but to follow the God rules is the one. Yes and I do notice some state give declaration that ASB is HARAM but some state and national fatwa declare it as HARUS. To non-Muslim, this is not inconsistency, but there is a clear reason why it is happen. Pls, no offence to Muslim who take conventional loan. Feel free to disagree. We should discuss it on RWI then. This post has been edited by OneBuck: Dec 23 2011, 10:15 AM |
|
|
Dec 23 2011, 01:27 PM
|
|
Senior Member
2,694 posts Joined: Feb 2007 From: KL
|
the so called Islamic loan are just a back door riba as per Imran Hosein.
And i definitely agree with him.. |
|
|
Dec 23 2011, 06:31 PM
|
|
Junior Member
42 posts Joined: Aug 2010
|
for me asb loan is for those who think about long term, after retirement where that day we don't have enough capability to do work, but at least we still have money to keep survive + for our children..
frankly, im still young.. i take rm200k asb loan for 25 years tenure. my target is 1m after 25 YEARS. if i'm not survive that long, it also for my family's benefit. it's ok. my method, i'm not touching my dividend at all. don't worry, if some say suddenly got emergency where u need to use money immediately, it's your choice. u can cash out that dividend anytime after 1 year. it's ok based on example situation ... lets say dividend is 7% every month (worst case scenario) .. itu belum campur bonus lagi i pay rm1132 per month / rm13584 per year. so total i pay rm339600. but then... after 25 years, i manage to get rm 1,014,473. so, conclusion is .... i just pay rm339,600, but i get rm1,014,473 back. instead if i'm not taking advantage of asb loan ... i just got that rm339,600 from my own saving only. so, ape yang rugi nyer amek asb loan? idop sengsara 25 tahun? kalau betol la rasa macam sengsara, amek method laen. tahun ke-2 byr guna untung dividen aje, tak payah nak sentuh dah duit gaji tu. 1 sen pon tak luak dari gaji. cuma untung sikit la, sikit takpe... at least still ada. dari tak ada langsung? |
|
|
Dec 23 2011, 07:01 PM
|
|
Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
|
waiting to update my asb passbook
last year get 9k dividen from 100k that i make loan |
|
|
Dec 23 2011, 07:54 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Big salary u got there to pay asb loan more than 1k/month...plus housing loan and car loan how much will cost u? Exceed 3k ady?
|
|
|
Dec 23 2011, 09:59 PM
|
Senior Member
765 posts Joined: Nov 2006 From: In front of my PC monitor
|
QUOTE(miellennium @ Dec 23 2011, 06:31 PM) for me asb loan is for those who think about long term, after retirement where that day we don't have enough capability to do work, but at least we still have money to keep survive + for our children.. Let's put you in another situation. Let say you didnt take the ASB loan but instead, you put the RM 1132 every month directly into your ASB account, so after 25 years, how much will you have gain (including the dividend and all)? Is it more than the RM 1,014,473 MINUS the RM 339600?frankly, im still young.. i take rm200k asb loan for 25 years tenure. my target is 1m after 25 YEARS. if i'm not survive that long, it also for my family's benefit. it's ok. my method, i'm not touching my dividend at all. don't worry, if some say suddenly got emergency where u need to use money immediately, it's your choice. u can cash out that dividend anytime after 1 year. it's ok based on example situation ... lets say dividend is 7% every month (worst case scenario) .. itu belum campur bonus lagi i pay rm1132 per month / rm13584 per year. so total i pay rm339600. but then... after 25 years, i manage to get rm 1,014,473. so, conclusion is .... i just pay rm339,600, but i get rm1,014,473 back. instead if i'm not taking advantage of asb loan ... i just got that rm339,600 from my own saving only. so, ape yang rugi nyer amek asb loan? idop sengsara 25 tahun? kalau betol la rasa macam sengsara, amek method laen. tahun ke-2 byr guna untung dividen aje, tak payah nak sentuh dah duit gaji tu. 1 sen pon tak luak dari gaji. cuma untung sikit la, sikit takpe... at least still ada. dari tak ada langsung? |
|
|
Dec 23 2011, 10:27 PM
|
|
Senior Member
5,379 posts Joined: Jul 2009
|
QUOTE(Sifha238 @ Dec 21 2011, 12:51 PM) Now everytime you go to Maybank to open ASB account the salesperson will push you really hard until you agree to take this loan It is a fully secured loan with low risk, bank for sure for targetting on this since BNM has tightened the mortgage loan. |
|
|
Dec 23 2011, 11:29 PM
|
|
Junior Member
138 posts Joined: Jan 2009
|
QUOTE(maniac_rage @ Dec 23 2011, 09:59 PM) Let's put you in another situation. Let say you didnt take the ASB loan but instead, you put the RM 1132 every month directly into your ASB account, so after 25 years, how much will you have gain (including the dividend and all)? Is it more than the RM 1,014,473 MINUS the RM 339600? he will end up with half a million only because he can't topup the savings after the 10th year due to the 200k limit.if he still saves 1132 monthly after the 10th year somewhere else (assuming without dividend), he will have 600k in total only. |
|
|
Dec 23 2011, 11:36 PM
|
|
Senior Member
808 posts Joined: Jun 2008 From: ~Negeri Sembilan~Sarawak~
|
QUOTE(Sifha238 @ Dec 21 2011, 12:51 PM) Now everytime you go to Maybank to open ASB account the salesperson will push you really hard until you agree to take this loan im lucky coz open asb acc at post office..so no salesperson ...btw can we potong our salary straight for asb? |
|
|
Dec 23 2011, 11:58 PM
|
|
Junior Member
42 posts Joined: Aug 2010
|
QUOTE(maniac_rage @ Dec 23 2011, 09:59 PM) Let's put you in another situation. Let say you didnt take the ASB loan but instead, you put the RM 1132 every month directly into your ASB account, so after 25 years, how much will you have gain (including the dividend and all)? Is it more than the RM 1,014,473 MINUS the RM 339600? the answer is NO. u can try google comparison between asb loan VS simpan sendiri. there's lot across internet. big amount of starting capital give more dividen profit....(rm1132 x 12) x 7% = u only gain rm950.88 for first year instead of asb loan .. ((rm200,000) + (rm1132 x 12)) x 7 = try calculate urself about rm14,000 first year only. lets say, after 5 years if u wish to terminate the loan, u already have rm105k profit++ .... eventough u just spend rm67920 for 5 years. still invest benefit maa... this is investment, not free money.like i said before, diz is my long term saving... 1,014,473 MINUS the RM 339600 = rm674,873. still got benefit 25 years might be so long, but some people do the 5 years trick. no need to settle back all the rm200,000 .... but the rm200,000 help boosting divident profit even in short term period compared to starting with rm0 ... cheers  This post has been edited by miellennium: Dec 24 2011, 12:04 AM |
|
|
Dec 24 2011, 01:41 AM
|
|
Senior Member
5,379 posts Joined: Jul 2009
|
QUOTE(da drummer @ Dec 23 2011, 11:36 PM) im lucky coz open asb acc at post office..so no salesperson If your ASB loan and payroll account in the same bank, it is possible....btw can we potong our salary straight for asb? |
|
|
Dec 24 2011, 09:11 AM
|
|
Staff
7,948 posts Joined: Jan 2005 From: Soviet Sarawak
|
QUOTE(miellennium @ Dec 23 2011, 06:31 PM) for me asb loan is for those who think about long term, after retirement where that day we don't have enough capability to do work, but at least we still have money to keep survive + for our children.. good explanation brofrankly, im still young.. i take rm200k asb loan for 25 years tenure. my target is 1m after 25 YEARS. if i'm not survive that long, it also for my family's benefit. it's ok. my method, i'm not touching my dividend at all. don't worry, if some say suddenly got emergency where u need to use money immediately, it's your choice. u can cash out that dividend anytime after 1 year. it's ok based on example situation ... lets say dividend is 7% every month (worst case scenario) .. itu belum campur bonus lagi i pay rm1132 per month / rm13584 per year. so total i pay rm339600. but then... after 25 years, i manage to get rm 1,014,473. so, conclusion is .... i just pay rm339,600, but i get rm1,014,473 back. instead if i'm not taking advantage of asb loan ... i just got that rm339,600 from my own saving only. so, ape yang rugi nyer amek asb loan? idop sengsara 25 tahun? kalau betol la rasa macam sengsara, amek method laen. tahun ke-2 byr guna untung dividen aje, tak payah nak sentuh dah duit gaji tu. 1 sen pon tak luak dari gaji. cuma untung sikit la, sikit takpe... at least still ada. dari tak ada langsung? this is what most people don't see |
|
|
Dec 28 2011, 11:56 PM
|
Junior Member
84 posts Joined: Sep 2008
|
I took a housing loan and the manager straight give me an ASB loan for 200k. for the first year it will automatically deduct from my saving account RM1k++ then the 2nd year would be deduct from the ASB dividend. its from maybank, and i was not really listening to their explanation, what i care was at that time was my housing loan. lol. but i think its worth it for long term probably in 20years time since im still 23y.o this year
|
|
|
Dec 29 2011, 12:34 AM
|
Senior Member
1,982 posts Joined: Jul 2007
|
QUOTE(miellennium @ Dec 23 2011, 06:31 PM) for me asb loan is for those who think about long term, after retirement where that day we don't have enough capability to do work, but at least we still have money to keep survive + for our children.. which bank u get it from ?frankly, im still young.. i take rm200k asb loan for 25 years tenure. my target is 1m after 25 YEARS. if i'm not survive that long, it also for my family's benefit. it's ok. my method, i'm not touching my dividend at all. don't worry, if some say suddenly got emergency where u need to use money immediately, it's your choice. u can cash out that dividend anytime after 1 year. it's ok based on example situation ... lets say dividend is 7% every month (worst case scenario) .. itu belum campur bonus lagi i pay rm1132 per month / rm13584 per year. so total i pay rm339600. but then... after 25 years, i manage to get rm 1,014,473. so, conclusion is .... i just pay rm339,600, but i get rm1,014,473 back. instead if i'm not taking advantage of asb loan ... i just got that rm339,600 from my own saving only. so, ape yang rugi nyer amek asb loan? idop sengsara 25 tahun? kalau betol la rasa macam sengsara, amek method laen. tahun ke-2 byr guna untung dividen aje, tak payah nak sentuh dah duit gaji tu. 1 sen pon tak luak dari gaji. cuma untung sikit la, sikit takpe... at least still ada. dari tak ada langsung? |
|
|
Jan 4 2012, 01:41 PM
|
Newbie
1 posts Joined: Aug 2011 From: Selangor, Malaysia
|
From my point of view, for those who invest their money in ASB via bank loan, the key word is "Leverage". Even in property investment, the key word in leverage. This leverage can be either positive or negative (for some it is called double edge sword; it can be good, or in can be bad) In the case of ASB loan, it would be ASB dividend vs. Loan interest.
Latest bank rate from RHB islamic is IBR - 1.55% = 5.05% Latest ASB dividend for 2011 is 8.8% Based on table given by RHB, if your loan say 100k for 25 years, yearly installment that u need to put is RM7,056. By having cash RM7,056, and park the money in RHB account, make a standing order to auto deduct either monthly/yearly, the 2nd year of loan payment to the bank is covered by the dividend declared by ASB. If the account is in positive manner yearly (ASB dividend vs. RHB loan), in 25 years after maturity, u can enjoy that amount of money without having to inject additional money from your own pocket monthly during the 25 years of loan service. As for me and it is up to individual which model of investment you would want to go. Either opting 100% loan, or 100% of monthly saving. However, if the keyword you are using is leverage, I opt for 100% loan. However, what I had done is, I called it "a double joy investment". Since max ASB you can invest is limited up to RM200k/individual name, make loan of certain amount from the bank, and make monthly saving as well, which is subject to your own comfortable saving amount. The higher saving amount you are willing to commit, the less ASB bank loan should be. Having the model in place, u could enjoy xtra $$$ as compared to 100% loan. I've done this during my "bujang" time, however after married, due to other commitments , I've drawn out all 200k from my previous saving in ASB and opt of another round of ASB saving via 100% loan. My 2nd cent opinion. |
|
|
Jan 5 2012, 01:22 AM
|
Senior Member
1,139 posts Joined: Aug 2008
|
Guys ... kindly advise
Which bank the lowest interest for ASB @ 200k for 20years ? If pay advance 12months is easy they approve right, then dividend will cover each year right ? Thanks in advance ... |
|
|
Jan 5 2012, 02:17 AM
|
|
Senior Member
666 posts Joined: Jan 2009
|
one question here..
let say my loan asb is 100k.. pay self until 1year 1st.. finish 1year, take out all deviden.. pay 2nd year with dividen.. finish 2ndyear, take out all deviden.. 3&4&5th year same case, pay with all diveden.. after enought 5th year,suddenly i want to stop loan.. how much bank will give money then.. |
|
|
Jan 5 2012, 09:01 AM
|
|
Senior Member
1,982 posts Joined: Jul 2007
|
QUOTE(blasto @ Jan 5 2012, 01:22 AM) Guys ... kindly advise Which bank the lowest interest for ASB @ 200k for 20years ? If pay advance 12months is easy they approve right, then dividend will cover each year right ? Thanks in advance ... Saw bank Islam 4.90% |
|
|
Jan 5 2012, 01:52 PM
|
|
Senior Member
1,139 posts Joined: Aug 2008
|
QUOTE(noprob @ Jan 5 2012, 09:01 AM) Saw bank Islam 4.90% |
|
|
Jan 5 2012, 02:27 PM
|
|
Junior Member
485 posts Joined: Jul 2011
|
May i know how much can i get if i cancel the loan before maturity? will i incur losses compared to self savings?
|
|
|
Jan 5 2012, 02:36 PM
|
|
Senior Member
1,982 posts Joined: Jul 2007
|
QUOTE(blasto @ Jan 5 2012, 01:52 PM) Thanks info, these bank islam or mumalats very lembab & main2 kerja, many hidden cost... not sure bout that thou |
|
|
Jan 5 2012, 03:41 PM
|
|
Junior Member
76 posts Joined: Jun 2010
|
sure or not bank muamalat...
currently only 3 banks offer asb financing maybank blr -1.65 up to 25 years cimb -1.65 up to 20 years only rhb..nego up to 25 years |
|
|
Jan 8 2012, 01:38 PM
|
Junior Member
327 posts Joined: Jun 2010
|
Hi All, I'm planning to take RM100k Asb loan this year.
Which bank is preferred? Why should i take loan with this bank? For e.g. If I'm taking a RM100 ASB loan with RHB for 25 yrs tenure. Then every month i have to pay RM600+ so annually around RM7.2k. Assuming that I'm just paying the monthly commitment for the 1st year, and using the dividend receive at the end of the year to cover-up the subsequent year payment. How much will i get after 10 years? Can someone come up with the calculation for this situation...assuming the asb Dividen is fixed at 7.5% for the whole loan tenor. I'm planning to serve the loan for up to 10 years only, as i need money for other plan. How much will i gain/loss if any? in term of penalty fee or other charge for not completing the whole 25 yrs as per original contract. Thanks in advance for your advice guys...really appreciate it. This post has been edited by rizal13: Jan 8 2012, 01:40 PM |
|
|
Jan 10 2012, 10:17 PM
|
|
Junior Member
84 posts Joined: Sep 2009
|
Is there any bank that offer islamic asb loan? Maybank already stop theirs.
|
|
|
Jan 26 2012, 10:56 AM
|
|
Senior Member
897 posts Joined: Sep 2008
|
Any ASB loan officer here from Maybank? I want to apply.
|
|
|
Jan 26 2012, 11:21 AM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Why dont u go to maybank?
|
|
|
Jan 26 2012, 12:33 PM
|
Senior Member
965 posts Joined: Mar 2008
|
QUOTE(bursalchemy @ Jan 5 2012, 02:27 PM) May i know how much can i get if i cancel the loan before maturity? will i incur losses compared to self savings? what is ur current rate? usually if less than 2 years, no saving... more than 2 years maybe got but dont expect too high... better check with ur loan officer or go to the nearest branch... |
|
|
Jan 26 2012, 08:00 PM
|
|
Senior Member
897 posts Joined: Sep 2008
|
QUOTE(potenza10 @ Jan 26 2012, 11:21 AM) Why dont u go to maybank? If I can find some spare time to go, I will go. Just asking if there is anyone who willing to come meet me at my office. |
|
|
Jan 26 2012, 09:25 PM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
I believe it just take less than half an hour to apply.
|
|
|
Feb 12 2012, 11:39 PM
|
Junior Member
7 posts Joined: Sep 2009 From: BTHO, Cheras
|
ASB loan dari RHB ada lock up period ke? saya ada ambil ASB loan dari RHB pada tahun 2008, tapi rasa nak stop sbb nak kecilkan komitmen utk dapatkan pinjaman perumahan sebanyak mungkin...please advice...
|
|
|
Feb 13 2012, 11:41 AM
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
I think max lock in for ASB loan just 3 years
Btw, cant use the dividend to roll money for monthly installment like many ASB loan guru's here? This post has been edited by potenza10: Feb 13 2012, 11:43 AM |
|
|
Feb 13 2012, 01:50 PM
|
|
Junior Member
18 posts Joined: Mar 2010
|
agree with potenza, lock in only 3 years....no penalty
after that reapply loan with other banks. I believe RHB rates are higher in the year 2008. CIMB and MBB are offering lower rates today @ BLR-1.65%. So you can save on monthly installment with no penalty. |
|
|
Feb 13 2012, 05:19 PM
|
|
Junior Member
364 posts Joined: Mar 2008
|
Not worth unless investment return 12% or more.
|
|
|
Feb 13 2012, 06:00 PM
Show posts by this member only | IPv6 | Post
#358
|
|
Senior Member
1,936 posts Joined: Oct 2011 From: KL
|
Key point here is 'self discipline'..how many of u can tahan nafsu when get your dividend in 5figure? Hehehehehe...
|
|
|
Feb 14 2012, 01:56 AM
|
Junior Member
263 posts Joined: Jul 2010 From: Kuala Lumpur
|
OK that was some fun number crunching. I used this guy's calculator here. In short for what it's worth, it pays rather good I think. If I did everything correctly.
First, assumptions:-
You started paying the loan from the second year on using only the dividend and on the 5th year, you take out another RM100K loan for the final 100K shares (this is the part I'm not sure if it's possible), also being paid using the dividend. By the end of both loan tenures (25+5 years), you'd have around RM670K. That's a pretty useless figure, so adjusting for inflation it's ~RM200K in today's money. Paying RM7K for RM200K is not a bad deal, I think. The return would be magnitudes higher if you use your own money, but that would be more than RM7K and frankly why would you want to put RM200K of your cash in ASB when you'd probably get better return elsewhere? Some catches that I can see:-
Or course, I'm also a total financial illiterate (engineering background ) and logic can only get you so far so please enlighten me if there's something I miss. Otherwise I'll probably going to look into applying for one This post has been edited by Fhaarkas: Feb 14 2012, 01:57 AM |
|
|
Feb 14 2012, 02:02 PM
|
|
Junior Member
18 posts Joined: Mar 2010
|
QUOTE(Fhaarkas @ Feb 14 2012, 01:56 AM) You started paying the loan from the second year on using only the dividend and on the 5th year, you take out another RM100K loan for the final 100K shares (this is the part I'm not sure if it's possible), also being paid using the dividend. yes, you can top up additional loan if you already have an existing loan. |
|
|
Feb 14 2012, 04:30 PM
|
Senior Member
4,053 posts Joined: Jun 2009 From: Kuching
|
Help. I tried to calculate RHB's (and other bank's) ASB loan and got mindf*cked.
I tried calculating a RM50,000 loan for 20 and 25 years. For 25 years: Monthly payment (inclusive of interest) : RM 294 So Full amount for 25 years is 294 x 12 x 25 = RM88,200 ASB Dividend (7.65% pa): RM50,000 x (7.65/100) x 25 = RM95,625 So Net profit = RM95,625 - 88,200 = RM7425 All good and fine, BUT when I calculate 20 years. 20 Years x 332 (monthly) x 12 (pa) = RM 79,680 ASB - 50,000 x (7.65/100) x 20 years = RM 76,500 Which means theres NEGATIVE net profit... why? Im really confused. HELP |
|
|
Feb 14 2012, 07:26 PM
|
|
Junior Member
84 posts Joined: Mar 2010
|
QUOTE(Mikeshashimi @ Feb 14 2012, 04:30 PM) Help. I tried to calculate RHB's (and other bank's) ASB loan and got mindf*cked. Nope.after 20 @ 25 years, u get back the div + principal.I tried calculating a RM50,000 loan for 20 and 25 years. For 25 years: Monthly payment (inclusive of interest) : RM 294 So Full amount for 25 years is 294 x 12 x 25 = RM88,200 ASB Dividend (7.65% pa): RM50,000 x (7.65/100) x 25 = RM95,625 So Net profit = RM95,625 - 88,200 = RM7425 All good and fine, BUT when I calculate 20 years. 20 Years x 332 (monthly) x 12 (pa) = RM 79,680 ASB - 50,000 x (7.65/100) x 20 years = RM 76,500 Which means theres NEGATIVE net profit... why? Im really confused. HELP In short : 25 years : rm 183,825 20 years : rm 156,180 Pure profit i think |
|
|
Feb 14 2012, 07:29 PM
|
|
Senior Member
4,053 posts Joined: Jun 2009 From: Kuching
|
QUOTE(redjinx @ Feb 14 2012, 07:26 PM) Nope.after 20 @ 25 years, u get back the div + principal. its like that? means whatever I get add the principal? (meaning the RM50k or whatever the initial loan amount is?)In short : 25 years : rm 183,825 20 years : rm 156,180 Pure profit i think |
|
|
Feb 14 2012, 07:30 PM
|
|
Junior Member
18 posts Joined: Mar 2010
|
QUOTE(Mikeshashimi @ Feb 14 2012, 04:30 PM) For 25 years: ASB Dividend (7.65% pa): RM50,000 x (7.65/100) x 25 = RM95,625 Your formula for ASB Dividend is wrong. You did not take into account Compounding Interest. It should calculate like this: Year 1: RM50,000 x 7.65% = RM3825. So total Principal + Dividend = RM53,825 Year 2: RM53,825 x 7.65% = RM4117. Total now is RM57,942 Year 3:.......repeat the same till Year 25. (Easier if you use a spreadsheet). Based on the example, Year 25 you will get RM315,734   At year 20, you will get RM218,399..... Actually, if you use an example of RM200,000 and ASB dividend of 7.65% - -> you will be a millionaire in 22 years. BUT the dividend + bonus is average at 8.5%pa - -> so RM200K ASB will grow to RM1 million in 20 years. You are a FUTURE MILLIONAIRE |
|
|
Feb 14 2012, 07:33 PM
|
|
Senior Member
4,053 posts Joined: Jun 2009 From: Kuching
|
QUOTE(Spidey13 @ Feb 14 2012, 07:30 PM) Hi Mikeshashimi, owh yeah... silly me Your formula for ASB Dividend is wrong. You did not take into account Compounding Interest. It should calculate like this: Year 1: RM50,000 x 7.65% = RM3825. So total Principal + Dividend = RM53,825 Year 2: RM53,825 x 7.65% = RM4117. Total now is RM57,942 Year 3:.......repeat the same till Year 25. (Easier if you use a spreadsheet). Based on the example, Year 25 you will get RM315,734 At year 20, you will get RM218,399..... Actually, if you use an example of RM200,000 and ASB dividend of 7.65% - -> you will be a millionaire in 22 years. BUT the dividend + bonus is average at 8.5%pa - -> so RM200K ASB will grow to RM1 million in 20 years. You are a FUTURE MILLIONAIRE Thanks for clarifying for me. |
|
|
Feb 14 2012, 09:22 PM
|
Senior Member
1,071 posts Joined: Jan 2008 From: KL
|
if you didn't touch the div+bonus for every yr..then only you can get that figure. some, or maybe many of those who took asb loan will use whatever div+bonus earned for last year to pay the annual/monthly asb loan for the current year..
|
|
|
Feb 15 2012, 01:59 AM
|
Elite
2,036 posts Joined: Feb 2007 From: KL
|
in the calculations, people usually forget to i) compound the dividends, and ii) add back the principal (after all, you repay the loan, not just the interest portion right? so the principal after you finish your term is yours).
usually they find that after adjusting this the difference is hugely positive. Added on February 15, 2012, 2:03 am QUOTE(Mikeshashimi @ Feb 14 2012, 07:29 PM) its like that? means whatever I get add the principal? (meaning the RM50k or whatever the initial loan amount is?) like this.after you repay the loan (20 or 25 years), do you give back the 50k in the account you loaned, or you keep it? of course you keep it. you add this amount to your dividends. if you dont add it back, it's like as if you finish paying off your housing loan after how many years then you have to give the house to the bank. dont confuse the loan repayment and the interest portion. This post has been edited by empyreal: Feb 15 2012, 02:03 AM |
|
|
Feb 26 2012, 08:16 PM
|
|
Junior Member
16 posts Joined: Oct 2011
|
Sesiapa yang berminat nak invest and apply : ASB loan or Unit trust , do contact me at nurulaqmarmohed@yahoo.com..
|
|
|
Mar 16 2012, 03:14 PM
|
|
Senior Member
1,139 posts Joined: Aug 2008
|
Guys... kindly advise blur case here...
I am helping my friend to seek answer for ASB @ 200k for 20years loan.. 1. Which bank has the lowest interest rate ? 2. If settle full loan early any penalty ? 3. If pay upfront 1year lum sum & let dividen cover next year loan & so on.. Is this a good idea? 4. Can this act as an insurance? If anything happen .. his family will benefit.. Many Thanks in Advance... |
|
|
Mar 21 2012, 12:03 AM
|
Junior Member
292 posts Joined: Nov 2006
|
QUOTE 4. Can this act as an insurance? If anything happen .. his family will benefit.. Yes, the family will get full amount i think from what i read. |
|
|
Mar 21 2012, 08:42 PM
|
|
Junior Member
18 posts Joined: Mar 2010
|
QUOTE(blasto @ Mar 16 2012, 03:14 PM) Guys... kindly advise blur case here... I am helping my friend to seek answer for ASB @ 200k for 20years loan.. 1. Which bank has the lowest interest rate ? CIMB 2. If settle full loan early any penalty ? Yes, if cancel within 3 years 3. If pay upfront 1year lum sum & let dividen cover next year loan & so on.. Is this a good idea? Very good idea. 4. Can this act as an insurance? If anything happen .. his family will benefit.. The insurance comes with the loan. Many Thanks in Advance... |
|
|
Mar 23 2012, 01:20 PM
|
|
Senior Member
848 posts Joined: Mar 2006
|
only bumiputra is able to apply right ? then there is total no chance for us chinese and indian right ? no ?
|
|
|
Mar 23 2012, 03:44 PM
|
|
Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
|
nama pon ASB - Amanah Saham "BUMIPUTERA" ..so for bumi only~
|
|
|
Apr 2 2012, 11:30 AM
|
|
Senior Member
1,139 posts Joined: Aug 2008
|
Thanks guys for the advise...
another thing.. do he get to keep the ASB blue book ? or bank keep ? |
|
|
Apr 4 2012, 05:13 PM
|
Junior Member
428 posts Joined: Aug 2009
|
*tagging for future reference.
|
|
|
Apr 4 2012, 09:33 PM
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(andrewleewaikeong @ Mar 23 2012, 01:20 PM) only bumiputra is able to apply right ? then there is total no chance for us chinese and indian right ? no ? Its ok broU can apply under ASN or AS1M if i m not mistaken |
|
|
Apr 5 2012, 03:15 PM
|
Senior Member
1,707 posts Joined: Mar 2006
|
QUOTE(blasto @ Apr 2 2012, 11:30 AM) Thanks guys for the advise... you keep the book, but the loan amount is not stated in the book. Bank only give a letter or certificate mentioned about the loan amount. another thing.. do he get to keep the ASB blue book ? or bank keep ? Only after the full payment made or after u surrender, bank will put the moeny in to ur asb account/book. but the dividend every year will go in to ur account |
|
|
Oct 11 2012, 01:47 PM
|
|
Junior Member
50 posts Joined: Sep 2012
|
among this 3 banks, which one has the best package?
I saw both CIMB & Maybank offering BLR(6.3%) - 1.65% = 4.65% whereas RHB offered 4.95%. But read there are additional charges impose by Maybank hence CIMB would be the best options? |
|
|
Nov 21 2012, 02:04 PM
|
Senior Member
1,597 posts Joined: Apr 2009
|
Hi Guys, Appreciate if someone can feed me in determining the rough figures that I will manage to get if I terminate the loans after 2years(200k with Maybank). Excluded the divident.. Thanks |
|
|
Nov 21 2012, 02:11 PM
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(suadrif @ Apr 4 2012, 09:33 PM) Its ok bro ASN only for Bumiputra, ASN3 only for all Malaysians.U can apply under ASN or AS1M if i m not mistaken Info, http://www.asnb.com.my/english/asn.htm This post has been edited by adolph: Nov 21 2012, 02:13 PM |
|
|
Nov 26 2012, 04:51 PM
|
Junior Member
23 posts Joined: Sep 2009
|
hi all
i guess this is a silly question but can we withdraw the money in ASB (got from ASB loan) in case of emergency? |
|
|
Nov 26 2012, 05:15 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(kenzou^ @ Nov 26 2012, 04:51 PM) hi all Only dividend payout, your capital will remain untouchable until end of the tenure.i guess this is a silly question but can we withdraw the money in ASB (got from ASB loan) in case of emergency? |
|
|
Nov 29 2012, 08:50 AM
|
Newbie
2 posts Joined: Oct 2012
|
hello guys, im planning to get an asb loan from either Maybank or rhb bank, any recommendation on which is better? or even a good agent for the loan? as i would like to listen to a detail of calculation before deciding the amount of loan
|
|
|
Dec 3 2012, 10:45 PM
|
|
Newbie
3 posts Joined: Dec 2012
|
QUOTE(ral87 @ Nov 29 2012, 08:50 AM) hello guys, im planning to get an asb loan from either Maybank or rhb bank, any recommendation on which is better? or even a good agent for the loan? as i would like to listen to a detail of calculation before deciding the amount of loan Hai Ral,I may send my colleague to explain if you are keen. Its good product for bumi as savings/retirement. MBB is cheaper than RHB. Regards |
|
|
Dec 9 2012, 12:38 PM
|
Junior Member
123 posts Joined: Apr 2011
|
Sorry for noob question..If plan to take 200k loan from ASB, do I need to transfer my current saving in ASB to other account? Or just need to top up the balance to make it 200k?
|
|
|
Dec 9 2012, 02:46 PM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(am33r @ Dec 9 2012, 12:38 PM) Sorry for noob question..If plan to take 200k loan from ASB, do I need to transfer my current saving in ASB to other account? Or just need to top up the balance to make it 200k? let say u have rm10,000 in your current ASB saving account.u apply a RM200,000 loan from ASB when your ASB loan is approve, bank will issue a certificate of saving RM200,000. that means now your ASB have RM10,000 of your saving and RM200,000 of certificate. at the end of the year, which is financial closing, u will get your dividend based on RM10,000 + RM200,000. but in your book, the amount that appear is only RM10,000 + total dividend. the RM200,000 will never appear in your book unless the tenure ended. |
|
|
Dec 10 2012, 01:42 PM
|
Junior Member
289 posts Joined: Dec 2008 From: causeway bay
|
QUOTE(suadrif @ Dec 9 2012, 02:46 PM) let say u have rm10,000 in your current ASB saving account. yes.. same as my case.. u apply a RM200,000 loan from ASB when your ASB loan is approve, bank will issue a certificate of saving RM200,000. that means now your ASB have RM10,000 of your saving and RM200,000 of certificate. at the end of the year, which is financial closing, u will get your dividend based on RM10,000 + RM200,000. but in your book, the amount that appear is only RM10,000 + total dividend. the RM200,000 will never appear in your book unless the tenure ended. |
|
|
Dec 10 2012, 05:28 PM
|
Senior Member
1,223 posts Joined: May 2006 From: Klang
|
QUOTE(luqus @ Dec 10 2012, 03:06 PM) thanks. btw got islamic loan for asb? Yeap i saw maybank have asb financing-ihttp://maybank2u.com.my/mbb_info/m2u/publi...sonal/LOA-Loans This post has been edited by rosihan: Dec 10 2012, 05:30 PM |
|
|
Dec 10 2012, 07:03 PM
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
QUOTE(dreamer101 @ Apr 6 2008, 07:36 PM) goolie, HI.Im quite newbie in these thing. What is FD?A) FD You put in $100 and you get 3.7% B) ASB loan You put in $0 aka NOTHING and you get 1% to 2%. Do you understand the difference? It is FREE MONEY. Dreamer Added on April 6, 2008, 7:49 pm ding_dong, 1) Shop around for the lowest rate. 2) If you assume that ASB dividend rate is higher than the loan rate, it is worth it. 3) You need some extra money to cover the 1 year worth of payment since ASB pay dividend yearly. Dreamer |
|
|
Dec 10 2012, 07:17 PM
|
Senior Member
3,482 posts Joined: Sep 2007
|
QUOTE(Ulysses @ Dec 10 2012, 07:03 PM) HI.Im quite newbie in these thing. What is FD? Fixed Deposit. |
|
|
Dec 10 2012, 07:18 PM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
QUOTE(foofoosasa @ Dec 10 2012, 07:17 PM) Fixed Deposit. so fixed deposit = simpan sndiri? |
|
|
Dec 10 2012, 11:28 PM
|
Senior Member
1,203 posts Joined: Dec 2008
|
QUOTE(Ulysses @ Dec 10 2012, 07:18 PM) so fixed deposit = simpan sndiri? NO.FD = Is a type of financial instrument provided by banks. In which the bank provides investors (orang awam / termasuk awak) with a higher interest rate (2.9% ~ 4.05% pa) than a regular savings account (simpanan tetap), until the given maturity date (tarikh matang). |
|
|
Dec 11 2012, 12:05 AM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(luqus @ Dec 10 2012, 09:21 PM) how do you calculate ASB loan? is it like property loan, where u pay mostly interest first, then later pay the principal? its more like a personal loan but the interest is slightly lowerin term of paying the interest, Yes, u are paying like 80:20 for interest:principal every month the % for the interest will decreasing over years while % for principal will increase for me, i assume all loan repayment method is just the same. |
|
|
Dec 11 2012, 12:08 AM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(Ulysses @ Dec 10 2012, 07:03 PM) HI.Im quite newbie in these thing. What is FD? its a Fix Deposit.some banks offer a tenure period that u can choose, for example, 3 months, 6months, 12 months and 24 months u have to deposit a minimum amount of saving, for example, RM1000 to open a FD account within the tenure period, u are not allowed to withdraw your saving even 1 cent. however, in return, u get a higher interest per annum. at the end of tenure period, u will get your principal + interest. |
|
|
Dec 11 2012, 12:08 AM
|
|
Senior Member
1,203 posts Joined: Dec 2008
|
QUOTE(suadrif @ Dec 11 2012, 12:05 AM) its more like a personal loan but the interest is slightly lower the ASB loan from bank quite confusing m not sure how they calculate and come out with the figure so i jz follow the schedule replaymentin term of paying the interest, Yes, u are paying like 80:20 for interest:principal every month the % for the interest will decreasing over years while % for principal will increase for me, i assume all loan repayment method is just the same. This post has been edited by aoisky: Dec 11 2012, 12:09 AM |
|
|
Dec 11 2012, 12:31 AM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(aoisky @ Dec 11 2012, 12:08 AM) the ASB loan from bank quite confusing m not sure how they calculate and come out with the figure so i jz follow the schedule replayment same goes to me.i pay as what as been schedule by the bank but if u track back your repayment schedule, every month u were charged interest differently the interest amount is different every single month as for me, my interest every month was like RM250 (January), RM299 (February), RM248 (March), RM287 (April), RM245 (May), RM286 (June) as u can see, the interest is up down up down up down and not consistently decreasing. my repayment schedule is fixed, RM300++ every month and i did create a schedule transaction for that. |
|
|
Dec 11 2012, 06:26 AM
|
Junior Member
490 posts Joined: Sep 2010
|
hye...i got a question here...there is someone telling me that now u can withdraw 40% of the ASB loan...is that true?
and what is BLR? huhu |
|
|
Dec 11 2012, 07:19 AM
|
|
Senior Member
1,203 posts Joined: Dec 2008
|
QUOTE(suadrif @ Dec 11 2012, 12:31 AM) same goes to me. Yup a friend of mine work in banking firm might as well unable to explain to me how the interest calculation he only provide the schedule table and when i asking the calculation formula, i gave me the formula i say wow song long and complex. the interest calculated isn't fix monthly. i wonder sometimes higher sometimes lower. if you read back this thread start from the very beginning you'll may found their provided calculation isn't accurate. other than you follow respective banks' interest schedule and it may change from time to time.i pay as what as been schedule by the bank but if u track back your repayment schedule, every month u were charged interest differently the interest amount is different every single month as for me, my interest every month was like RM250 (January), RM299 (February), RM248 (March), RM287 (April), RM245 (May), RM286 (June) as u can see, the interest is up down up down up down and not consistently decreasing. my repayment schedule is fixed, RM300++ every month and i did create a schedule transaction for that. Added on December 11, 2012, 7:21 am QUOTE(tom_87 @ Dec 11 2012, 06:26 AM) hye...i got a question here...there is someone telling me that now u can withdraw 40% of the ASB loan...is that true? as far as i know ASB loan you can only take out the dividend not the loan amount until you fully settle your loan repayment caused your asb passbook all you can see is your own deposit $ and dividend except the loan amount.and what is BLR? huhu BLR = Base Leading Rate This post has been edited by aoisky: Dec 11 2012, 07:21 AM |
|
|
Dec 11 2012, 07:21 AM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
Can someone explain me about simpan sendiri vs ASB loan? I read that simpan sendiri has advantage over ASb loan . Is it true?
Added on December 11, 2012, 7:23 am QUOTE(aoisky @ Dec 11 2012, 07:19 AM) Yup a friend of mine work in banking firm might as well unable to explain to me how the interest calculation he only provide the schedule table and when i asking the calculation formula, i gave me the formula i say wow song long and complex. the interest calculated isn't fix monthly. i wonder sometimes higher sometimes lower. if you read back this thread start from the very beginning you'll may found their provided calculation isn't accurate. other than you follow respective banks' interest schedule and it may change from time to time. it is Base Lending RateAdded on December 11, 2012, 7:21 am as far as i know ASB loan you can only take out the dividend not the loan amount until you fully settle your loan repayment caused your asb passbook all you can see is your own deposit $ and dividend except the loan amount. BLR = Base Leading Rate This post has been edited by Ulysses: Dec 11 2012, 07:23 AM |
|
|
Dec 11 2012, 07:24 AM
|
|
Senior Member
1,203 posts Joined: Dec 2008
|
QUOTE(Ulysses @ Dec 11 2012, 07:21 AM) Can someone explain me about simpan sendiri vs ASB loan? I read that simpan sendiri has advantage over ASb loan . Is it true? Your Simpan sendiri term here not FD right ?Added on December 11, 2012, 7:23 am it is Base Lending Rate Not really true, it depend how you manage your investment Added on December 11, 2012, 7:25 am QUOTE(Ulysses @ Dec 11 2012, 07:21 AM) it is Base Lending Rate Oops my mistake wrongly spellThis post has been edited by aoisky: Dec 11 2012, 07:25 AM |
|
|
Dec 11 2012, 07:26 AM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
QUOTE(aoisky @ Dec 11 2012, 07:24 AM) Your Simpan sendiri term here not FD right ? I read hereNot really true, it depend how you manage your investment Added on December 11, 2012, 7:25 am Oops my mistake wrongly spell http://canyouberich.blogspot.com/2011/11/a...u-asb-loan.html & http://beritasemasa.com/pelaburan-pinjaman-asb-asb-loan |
|
|
Dec 11 2012, 09:45 AM
|
Senior Member
838 posts Joined: May 2008 From: Setiu, Terengganu
|
QUOTE(Ulysses @ Dec 11 2012, 07:26 AM) I read here the advantage of loan is because of the "bulk" money right? so the dividend will be higher.http://canyouberich.blogspot.com/2011/11/a...u-asb-loan.html & http://beritasemasa.com/pelaburan-pinjaman-asb-asb-loan hmm, i wonder how to calculate the dividend if we invest in asb using our own money (using ddi)? let say i put RM100 every month in my asb starting January 2012, so in January 2013 i will have RM1300. so when pnb announce the dividend for that year is 8%, i wont get .08 x 1300 = 104 right? is there any formula for using monthly debit like this? |
|
|
Dec 11 2012, 02:02 PM
|
|
Junior Member
490 posts Joined: Sep 2010
|
what does this base lending rate means?
i saw a lot at home loan and asb loan...sorry...im a newbie... |
|
|
Dec 11 2012, 05:04 PM
|
|
Senior Member
838 posts Joined: May 2008 From: Setiu, Terengganu
|
QUOTE(luqus @ Dec 11 2012, 09:56 AM) its base on the MINIMUM amount in your asb account every month, prorated. thanks for the formula. i think its correct. btw, i found this asb dividend calculator: calculatorlets say you invest rm100 every month, starting with rm0 in the 1st month, and assume u get the dividend in the 13th month (assume PNB announce 10% dividend). 1st mth = 0 , dividend = rm 0 2nd mth = 100 , dividend = (10%*100)/12 = rm0.83 3rd mth = 200 , dividend = rm 1.67 You do the math on the remaining months. Dividend you will only receive when PNB announce the dividend, so you total out the supposed dividend you receive every mth sifus pls correct me if i'm wrong |
|
|
Dec 11 2012, 05:22 PM
|
|
Senior Member
1,223 posts Joined: May 2006 From: Klang
|
I just ask the loan officer they said upfront payment around RM70 then they will help to get the loan for you
Im thinking getting 100k loan for 20 yr After the calculation approximately 10yr to get 100k but have to struggle paying 660/month for 1st year but it worth it |
|
|
Dec 11 2012, 07:22 PM
|
|
Junior Member
490 posts Joined: Sep 2010
|
QUOTE(luqus @ Dec 11 2012, 05:37 PM) wahh got upfront fee? is this real? |
|
|
Dec 11 2012, 09:43 PM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(rosihan @ Dec 11 2012, 05:22 PM) I just ask the loan officer they said upfront payment around RM70 then they will help to get the loan for you Im thinking getting 100k loan for 20 yr After the calculation approximately 10yr to get 100k but have to struggle paying 660/month for 1st year but it worth it QUOTE(luqus @ Dec 11 2012, 05:37 PM) wahh got upfront fee? be careful when u choosing your word to inform othersit may cause misleading info upfront fee is different, people can assume it as different "upfront" or bribe the actual fee is PROCESSING FEE. its not that expensive and should be less than rm100. other than that, u also need to pay insurance for secure your loan. |
|
|
Dec 11 2012, 09:48 PM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
If u are comparing between investing in ASB Loan and "simpan sendiri",
it is much better for "simpan sendiri" why? For ASB Loan, every month u save your money, is for loan repayment. it is not gonna deposit into your ASB account. therefore, u cant withdraw the money when u need it. Imagine, when it comes to emergency or crisis, the whole sump of money u save is not there. U only need to wait until end of the financial year to collect the dividend. |
|
|
Dec 11 2012, 11:24 PM
|
|
Junior Member
123 posts Joined: Apr 2011
|
QUOTE(suadrif @ Dec 9 2012, 02:46 PM) let say u have rm10,000 in your current ASB saving account. thanks..i've received the call from bank that my loan has approved..u apply a RM200,000 loan from ASB when your ASB loan is approve, bank will issue a certificate of saving RM200,000. that means now your ASB have RM10,000 of your saving and RM200,000 of certificate. at the end of the year, which is financial closing, u will get your dividend based on RM10,000 + RM200,000. but in your book, the amount that appear is only RM10,000 + total dividend. the RM200,000 will never appear in your book unless the tenure ended. but the banker told me to transfer my current ASB saving to other account because 200k is the maximum amount for ASB.. not sure which one is right |
|
|
Dec 11 2012, 11:42 PM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(luqus @ Dec 11 2012, 10:53 PM) usually how much is the insurance? pay lump sum or included in loan? the higher the loan amount, the higher insurance need to be paid? i am not sure how much for the insurance, but if am not mistaken its based on your loan amounti forgot bout it. need to refer back my previously signed ASB loan contract. but the amount of the insurance is added onto your loan let say u want to have ASB loan amounting of RM50k, then your total loan would be RM50K + insurance + interest. eventually, your monthly repayment will include loan, interest and insurance as well. only the PROCESSING FEE need to pay cash. |
|
|
Dec 11 2012, 11:50 PM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(am33r @ Dec 11 2012, 11:24 PM) thanks..i've received the call from bank that my loan has approved.. owh. sorry for forget to inform u guys earlier.but the banker told me to transfer my current ASB saving to other account because 200k is the maximum amount for ASB.. not sure which one is right there is maximum limit for ASB account set by the government. u may consider it as u have reached maximum quota for single bumiputra. one single person only allowed to invest maximum of RM200k. if u already have your own saving, you should not have more than RM200k in your same account. in your case, i would advise u to withdraw your current ASB saving into fix deposit account. for more benefit, transfer your current ASB saving into your family's account, keep it in your parent's account or brother/sister. just dont forget to collect your dividend and avoid being mixed up with their saving |
|
|
Dec 12 2012, 01:30 AM
|
|
Junior Member
490 posts Joined: Sep 2010
|
QUOTE(suadrif @ Dec 11 2012, 11:50 PM) owh. sorry for forget to inform u guys earlier. yup...i just knew that a few days ago..huhuthere is maximum limit for ASB account set by the government. u may consider it as u have reached maximum quota for single bumiputra. one single person only allowed to invest maximum of RM200k. if u already have your own saving, you should not have more than RM200k in your same account. in your case, i would advise u to withdraw your current ASB saving into fix deposit account. for more benefit, transfer your current ASB saving into your family's account, keep it in your parent's account or brother/sister. just dont forget to collect your dividend and avoid being mixed up with their saving |
|
|
Dec 12 2012, 03:02 AM
|
|
Junior Member
123 posts Joined: Apr 2011
|
QUOTE(suadrif @ Dec 11 2012, 11:50 PM) owh. sorry for forget to inform u guys earlier. thanks for the advice boss.. there is maximum limit for ASB account set by the government. u may consider it as u have reached maximum quota for single bumiputra. one single person only allowed to invest maximum of RM200k. if u already have your own saving, you should not have more than RM200k in your same account. in your case, i would advise u to withdraw your current ASB saving into fix deposit account. for more benefit, transfer your current ASB saving into your family's account, keep it in your parent's account or brother/sister. just dont forget to collect your dividend and avoid being mixed up with their saving |
|
|
Dec 12 2012, 05:05 AM
|
|
Junior Member
490 posts Joined: Sep 2010
|
How bout the requirements to qualify to take the loan?
|
|
|
Dec 12 2012, 11:08 AM
|
|
Newbie
3 posts Joined: Dec 2012
|
QUOTE(am33r @ Dec 9 2012, 12:38 PM) Sorry for noob question..If plan to take 200k loan from ASB, do I need to transfer my current saving in ASB to other account? Or just need to top up the balance to make it 200k? Max for ASB is RM200K, should you have balance inside, can transfer to other type like Wawasan/Didik. Once trnasfer, you can apply 200K loanAdded on December 12, 2012, 11:09 am QUOTE(tom_87 @ Dec 12 2012, 05:05 AM) How bout the requirements to qualify to take the loan? ASB loan is partly under purview of responsible financing, thus, total deduction of commitment cant exceed 70% of net income per MBB guidelineAdded on December 12, 2012, 11:16 am QUOTE(suadrif @ Dec 9 2012, 02:46 PM) let say u have rm10,000 in your current ASB saving account. As max per individual is RM200K, you have to transfer the saivngs to other fund before new certificate of RM200K can be issued.u apply a RM200,000 loan from ASB when your ASB loan is approve, bank will issue a certificate of saving RM200,000. that means now your ASB have RM10,000 of your saving and RM200,000 of certificate. at the end of the year, which is financial closing,. u will get your dividend based on RM10,000 + RM200,000. but in your book, the amount that appear is only RM10,000 + total dividend. the RM200,000 will never appear in your book unless the tenure ended. on 2/1/13, dividend will appear on ASB passbook. Loan details will not be shown. Added on December 12, 2012, 11:17 am QUOTE(luqus @ Dec 10 2012, 03:06 PM) thanks. btw got islamic loan for asb? Yes, at this moment, only MBB offer.Added on December 12, 2012, 11:26 am QUOTE(aoisky @ Dec 11 2012, 07:19 AM) Yup a friend of mine work in banking firm might as well unable to explain to me how the interest calculation he only provide the schedule table and when i asking the calculation formula, i gave me the formula i say wow song long and complex. the interest calculated isn't fix monthly. i wonder sometimes higher sometimes lower. if you read back this thread start from the very beginning you'll may found their provided calculation isn't accurate. other than you follow respective banks' interest schedule and it may change from time to time. Well, the instalment of ASB is just the same as housing loan. You may download those apps for instalment calculation and i am sure most banks' computation is almost similiar. Added on December 11, 2012, 7:21 am as far as i know ASB loan you can only take out the dividend not the loan amount until you fully settle your loan repayment caused your asb passbook all you can see is your own deposit $ and dividend except the loan amount. BLR = Base Leading Rate Difference on own savings and asb loan :- savings per mth : RM200 or RM2,400/yr, dividend : RM2,400 x 8% (example), net RM192. asb loan : RM200 (instalment, RM35K for 25 yrs), dividend : RM35,000 x 8% = RM2,800 - RM2,400, net RM400 Difference : RM208/yr. Both are equivalent, provided BLR & payout rate remain above 8%, instalment is prompt. Added on December 16, 2012, 2:21 pm QUOTE(tom_87 @ Dec 12 2012, 05:05 AM) How bout the requirements to qualify to take the loan? max repayment on all loan not more than 70% of net income..This post has been edited by KH_Yulek: Dec 16 2012, 02:21 PM |
|
|
Jan 3 2013, 03:28 AM
|
Newbie
3 posts Joined: Sep 2009
|
Hello all sifus...
this is the first time I've taken a loan for asb.my noob question is, can I setel my hutang in large sum instead of monthly payment for 25 years?i mean settle my loan earlier than expected.say if I kena durian runtuh,can I do so?any penalty?or am i tied to that 25 years? thank you. |
|
|
Jan 3 2013, 01:05 PM
|
|
Newbie
3 posts Joined: Dec 2012
|
QUOTE(mh_one983 @ Jan 3 2013, 03:28 AM) Hello all sifus... Most bank impose lock in period. So long it expires you may settle the loan in fullthis is the first time I've taken a loan for asb.my noob question is, can I setel my hutang in large sum instead of monthly payment for 25 years?i mean settle my loan earlier than expected.say if I kena durian runtuh,can I do so?any penalty?or am i tied to that 25 years? thank you. |
|
|
Jan 3 2013, 03:06 PM
|
|
Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur
|
QUOTE(suadrif @ Dec 11 2012, 11:50 PM) owh. sorry for forget to inform u guys earlier. Not exactly correct. Your limit is 200K invested amount. This does not include the dividends you have earned every year. So if you already have say 50K in your ASB account, you need to check with the ASB agent how much of that amount is the principle investment. You only need to take out this amount in order to 'reset' your ASB account to zero principle. The dividends gained over the years can still remain without affecting your total ASB loan.there is maximum limit for ASB account set by the government. u may consider it as u have reached maximum quota for single bumiputra. one single person only allowed to invest maximum of RM200k. if u already have your own saving, you should not have more than RM200k in your same account. in your case, i would advise u to withdraw your current ASB saving into fix deposit account. for more benefit, transfer your current ASB saving into your family's account, keep it in your parent's account or brother/sister. just dont forget to collect your dividend and avoid being mixed up with their saving In fact, the correct method would be for you to confirm the original principle investment amount and then adjust the loan amount to suit. Meaning that if you have already invested 20K in your ASB over the years, then you need to only take a 180K loan to max the account instead of 200K which just gives the bank more earnings. For those who have maxed the account, you cant invest any more funds into the account. But your dividends will continue to accumulate yearly so the total amount in your ASB account can be >200K with no upper limit. This post has been edited by cybermaster98: Jan 3 2013, 03:09 PM |
|
|
Jan 3 2013, 04:25 PM
|
Senior Member
1,288 posts Joined: Jul 2007 From: Shah Alam
|
So how much money do I need to pay upfront in order to make my ASB loan run on autopilot? Last time I didn't buy it when bankers persuade me to get loan for asb. But after I read thru this thread I know how this asb loan can be benifited for me.
This post has been edited by mutt: Jan 3 2013, 04:26 PM |
|
|
Jan 3 2013, 08:46 PM
|
|
Senior Member
2,650 posts Joined: Feb 2009
|
QUOTE(cybermaster98 @ Jan 3 2013, 03:06 PM) Not exactly correct. Your limit is 200K invested amount. This does not include the dividends you have earned every year. So if you already have say 50K in your ASB account, you need to check with the ASB agent how much of that amount is the principle investment. You only need to take out this amount in order to 'reset' your ASB account to zero principle. The dividends gained over the years can still remain without affecting your total ASB loan. thats correctIn fact, the correct method would be for you to confirm the original principle investment amount and then adjust the loan amount to suit. Meaning that if you have already invested 20K in your ASB over the years, then you need to only take a 180K loan to max the account instead of 200K which just gives the bank more earnings. For those who have maxed the account, you cant invest any more funds into the account. But your dividends will continue to accumulate yearly so the total amount in your ASB account can be >200K with no upper limit. thanks for adding points. i didnt put it as detail as it is and just answering his question in general |
|
|
Jan 6 2013, 03:22 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
I'm 27 this year and has been thinking of getting the ASB loan.
Should I max out RM200k? Will this affect my chances of getting personal loan later? I have 2 CC (OCBC Titanium Mastercard and Maybank Petronas Visa). A hire purchase loan for my car. Never miss payment. Please advise. |
|
|
Jan 6 2013, 05:19 PM
|
|
Junior Member
123 posts Joined: Apr 2011
|
QUOTE(mutt @ Jan 3 2013, 04:25 PM) So how much money do I need to pay upfront in order to make my ASB loan run on autopilot? Last time I didn't buy it when bankers persuade me to get loan for asb. But after I read thru this thread I know how this asb loan can be benifited for me. How much do u plan to take? |
|
|
Jan 6 2013, 05:28 PM
|
Senior Member
1,846 posts Joined: Apr 2008
|
just sign off asb loan from RHB yesterday. applied last week and approved few days later.
interest 6.6%, total asb 50k + insurance RM1069(total insurance for 25years) with loan period max to 25years. monthly need to pay rm300. why so long? because i want take low monthly , rm300X12month=rm3600 i pay per year, let say i got dividen for 8% plus bonus so its around rm4000 per year. so basically i paying rm3600 for 1st year, by next year, i will use dividen to pay the monthly loan and its gonna be free money. |
|
|
Jan 6 2013, 05:48 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(megahertz @ Jan 6 2013, 05:28 PM) just sign off asb loan from RHB yesterday. applied last week and approved few days later. Any reason why you signed up with RHB instead of Maybank?interest 6.6%, total asb 50k + insurance RM1069(total insurance for 25years) with loan period max to 25years. monthly need to pay rm300. why so long? because i want take low monthly , rm300X12month=rm3600 i pay per year, let say i got dividen for 8% plus bonus so its around rm4000 per year. so basically i paying rm3600 for 1st year, by next year, i will use dividen to pay the monthly loan and its gonna be free money. |
|
|
Jan 6 2013, 06:39 PM
|
|
Senior Member
1,288 posts Joined: Jul 2007 From: Shah Alam
|
QUOTE(am33r @ Jan 6 2013, 05:19 PM) How much do u plan to take? Rm200kif let say I wanna do early settlement, how much rebate I can get? |
|
|
Jan 6 2013, 06:52 PM
|
|
Junior Member
15 posts Joined: Jul 2011
|
QUOTE(solsekuin44 @ Jan 6 2013, 03:22 PM) I'm 27 this year and has been thinking of getting the ASB loan. Getting an ASB loan will always be factored in by banks when getting a personal loan.Should I max out RM200k? Will this affect my chances of getting personal loan later? I have 2 CC (OCBC Titanium Mastercard and Maybank Petronas Visa). A hire purchase loan for my car. Never miss payment. Please advise. I believe in starting early, since this is also a win-win situation. I think you are working now and should have no problem passing through the criteria for ASB loan. I applied for rm200k ASB loan during my 2nd year in university and still lepas. All the best. |
|
|
Jan 6 2013, 08:56 PM
|
|
Junior Member
116 posts Joined: Apr 2012
|
hi
few question let say i loan 200k. asb currently have 10k. need to withraw or can remain or adjust loan amount? related to the above, can i invest manually to asb and at the same time servicing my loan? once take asb loan , will my loan eligibility - eg property will be effected? once pnb announce payout, how do they pay if the asb already max - 200k? cheque? if yes when investor will receive it? tq |
|
|
Jan 6 2013, 09:06 PM
|
Senior Member
1,030 posts Joined: Apr 2010 From: Kuala Lumpur-Cyberjaya-Subang Jaya
|
hi guys, i'm new here..
i'm a 21 years old uni student, now on 2nd year in degree.. this year i gonna received foundation from Yayasan XX total rm6800 per year.. i'm thinking to invest it in ASB using that money.. can you suggest me which ASB should i invest in? in term of type of loan (pinjaman ASB or simpanan sendiri), total loan, payment per month, total dividend & bonus.. fyi, maximum monthly payment that i can afford is rm500~ (coz i'm using my foundation money) any advice for me? THANKS~ This post has been edited by efariz: Jan 6 2013, 09:09 PM |
|
|
Jan 7 2013, 10:59 AM
|
|
Junior Member
123 posts Joined: Apr 2011
|
QUOTE(mutt @ Jan 6 2013, 06:39 PM) Rm200k Let's say you want to take 200k for 20years, the monthly payment is around 1.2-1.3k..you just need to pay for first year and let the dividend cover your loan in next year if let say I wanna do early settlement, how much rebate I can get? |
|
|
Jan 7 2013, 11:20 AM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(Zazz90 @ Jan 6 2013, 06:52 PM) Getting an ASB loan will always be factored in by banks when getting a personal loan. Thank you.. Yes, I am working. Have to start thinking of saving and investing money. Good fir you since you started earlier. I believe in starting early, since this is also a win-win situation. I think you are working now and should have no problem passing through the criteria for ASB loan. I applied for rm200k ASB loan during my 2nd year in university and still lepas. All the best. So, if let's say I took 200k for 25yrs, how much to pay monthly? How much is the 1st yr didividends? Sorry, really am noob. When I have the time will go to several banks and consult. |
|
|
Jan 7 2013, 11:48 AM
|
Junior Member
411 posts Joined: Aug 2010
|
QUOTE(solsekuin44 @ Jan 7 2013, 11:20 AM) Thank you.. Yes, I am working. Have to start thinking of saving and investing money. Good fir you since you started earlier. U can get this from PNB & Maybank websites, yes?So, if let's say I took 200k for 25yrs, how much to pay monthly? How much is the 1st yr didividends? Sorry, really am noob. When I have the time will go to several banks and consult. 2012 Dividend = 7.75% Principal = 200,000 Annual Dividend = 15,500 Monthly Dividend = 1,291.67 Loan 25 years Monthly loan repayment = 1,165 Monthly cash flow = 127 Thank me now. |
|
|
Jan 7 2013, 02:19 PM
|
|
Junior Member
123 posts Joined: Apr 2011
|
QUOTE(newx @ Jan 7 2013, 11:48 AM) U can get this from PNB & Maybank websites, yes? 2012 Dividend = 7.75% Principal = 200,000 Annual Dividend = 15,500 Monthly Dividend = 1,291.67 Loan 25 years Monthly loan repayment = 1,165 Monthly cash flow = 127 Thank me now. the hardest part is to pay the monthly loan for first year. 2nd year you're on autopilot. |
|
|
Jan 7 2013, 02:22 PM
|
|
Senior Member
1,030 posts Joined: Apr 2010 From: Kuala Lumpur-Cyberjaya-Subang Jaya
|
QUOTE(am33r @ Jan 7 2013, 02:19 PM) the hardest part is to pay the monthly loan for first year. 2nd year you're on autopilot. |
|
|
Jan 7 2013, 02:27 PM
|
|
Senior Member
1,288 posts Joined: Jul 2007 From: Shah Alam
|
QUOTE(am33r @ Jan 7 2013, 10:59 AM) Let's say you want to take 200k for 20years, the monthly payment is around 1.2-1.3k..you just need to pay for first year and let the dividend cover your loan in next year that means the upfront money I need to fork out is about RM15k to make my ASB run on autopilot. But let say if after 5 years, I have cash to settle the loan early, do I get early settlement rebate?Anyway thanks |
|
|
Jan 7 2013, 04:20 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(am33r @ Jan 7 2013, 02:19 PM) the hardest part is to pay the monthly loan for first year. 2nd year you're on autopilot. I've decided. Maybe only RM100k loan. |
|
|
Jan 7 2013, 04:54 PM
|
|
Junior Member
411 posts Joined: Aug 2010
|
QUOTE(solsekuin44 @ Jan 7 2013, 04:20 PM) Thank u new[x].. Split it into two loans (50k + 50k). I've decided. Maybe only RM100k loan.That way, you could settle one loan once you have accumulate tons of moolah and decided to do so. ( Not necessary as long as ASB dividend is higher than loan interest). |
|
|
Jan 7 2013, 11:40 PM
|
Senior Member
3,008 posts Joined: Sep 2005 From: T.T.D.I, Bukit Damansara
|
Noob question.
Is the interest for ASB loan fixed? I pay extra every month, just wondering if this will reduce the monthly interest... |
|
|
Jan 7 2013, 11:55 PM
|
|
Senior Member
965 posts Joined: Mar 2008
|
QUOTE(cannavaro @ Jan 7 2013, 11:40 PM) Noob question. hi, Is the interest for ASB loan fixed? I pay extra every month, just wondering if this will reduce the monthly interest... interest is based on blr or bfr rate most bank currently offer blr/bfr-1.3-1.6 p.a. (6.6-1.6=4% p.a.) if u pay extra it will only offset the next month installment hope that help, thanks |
|
|
Jan 8 2013, 08:39 AM
|
|
Junior Member
123 posts Joined: Apr 2011
|
QUOTE(mutt @ Jan 7 2013, 02:27 PM) that means the upfront money I need to fork out is about RM15k to make my ASB run on autopilot. But let say if after 5 years, I have cash to settle the loan early, do I get early settlement rebate? Correct. Anyway thanks For early settlement I'm not sure, maybe you can check with your banker. |
|
|
Jan 8 2013, 09:20 AM
|
|
Senior Member
1,288 posts Joined: Jul 2007 From: Shah Alam
|
QUOTE(am33r @ Jan 8 2013, 08:39 AM) Correct. Thanks a bunch for all your reply. Someone from maybank has pmed me For early settlement I'm not sure, maybe you can check with your banker. |
|
|
Jan 8 2013, 11:02 AM
|
|
Junior Member
154 posts Joined: Oct 2009
|
Hi all,
I wonder, does the bonus is fixed for everyone? I just updated my ASB account. I take maybank loan of 50k for 25 years. Monthly installment is RM298. PNB already announced that the dividend is 7.75% and bonus is 1.15%. this is what I received: Dividend : RM 3,895.04 Bonus : RM 91.35 how they determine how much you get for your bonus? I thought it should be 1.15% x RM 50k = RM 575, no? This post has been edited by HPrules: Jan 8 2013, 11:02 AM |
|
|
Jan 8 2013, 12:31 PM
|
|
Senior Member
3,008 posts Joined: Sep 2005 From: T.T.D.I, Bukit Damansara
|
QUOTE(jeff_v2 @ Jan 7 2013, 11:55 PM) hi, I see. Thanks!interest is based on blr or bfr rate most bank currently offer blr/bfr-1.3-1.6 p.a. (6.6-1.6=4% p.a.) if u pay extra it will only offset the next month installment hope that help, thanks QUOTE(mutt @ Jan 8 2013, 09:20 AM) Thanks a bunch for all your reply. Someone from maybank has pmed me So did the person offer you a rebate for early settlement?I am thinking of settling my ASB loan as well. Took 50k for 10 years from Maybank, currently on the 5th but now I can afford to pay off the balance. But some say that's not the best thing to do... whatever it is I'm gonna have to do some calculations first. |
|
|
Jan 8 2013, 01:56 PM
|
|
Junior Member
123 posts Joined: Apr 2011
|
QUOTE(mutt @ Jan 8 2013, 09:20 AM) Thanks a bunch for all your reply. Someone from maybank has pmed me Can you PM me? I want to know as well |
|
|
Jan 8 2013, 02:05 PM
|
|
Senior Member
897 posts Joined: Sep 2008
|
QUOTE(HPrules @ Jan 8 2013, 11:02 AM) Hi all, how long already you took the loan?I wonder, does the bonus is fixed for everyone? I just updated my ASB account. I take maybank loan of 50k for 25 years. Monthly installment is RM298. PNB already announced that the dividend is 7.75% and bonus is 1.15%. this is what I received: Dividend : RM 3,895.04 Bonus : RM 91.35 how they determine how much you get for your bonus? I thought it should be 1.15% x RM 50k = RM 575, no? |
|
|
Jan 8 2013, 02:06 PM
|
|
Junior Member
408 posts Joined: Jan 2003
|
.
This post has been edited by hbh60: Jan 16 2013, 05:38 PM |
|
|
Jan 8 2013, 02:17 PM
|
|
Junior Member
154 posts Joined: Oct 2009
|
QUOTE(ciahcra @ Jan 8 2013, 02:05 PM) how long already you took the loan? 1.5 years already. started in Jun 2011... |
|
|
Jan 8 2013, 02:25 PM
|
|
Senior Member
897 posts Joined: Sep 2008
|
QUOTE(HPrules @ Jan 8 2013, 02:17 PM) 1.5 years already. started in Jun 2011... you could refer here on how to calculate bonus, because bonus calculation are different from the yearly dividendhttp://www.pokjat.com/2010/01/09/asb-divid...o-calculate-it/ |
|
|
Jan 8 2013, 03:30 PM
|
Junior Member
200 posts Joined: Jul 2008 From: Selangor
|
QUOTE(hbh60 @ Jan 8 2013, 02:06 PM) Hi, After 1 year, u can actually use the dividend to pay off the installment for the next year.Im wondering whether I will gain / lose money if do like this : eg : Current own money in ASB : 20k 1.Withdraw 20k from ASB 2.Apply 200k loan , 25 years , RM1100-1200 monthly 3.Pay the monthly loan payment for the 1st year using the RM20k from ASB own money. u think this will work ? or will lose money by doing this ? Thank you If you are willing to wait 25 years to gain RM200k from RM14400(1200 x 12 months) investment, y not? My advice is to apply the loan in November to get the full annual dividend. |
|
|
Jan 8 2013, 04:01 PM
|
|
Junior Member
154 posts Joined: Oct 2009
|
QUOTE(ciahcra @ Jan 8 2013, 02:25 PM) you could refer here on how to calculate bonus, because bonus calculation are different from the yearly dividend got it, thanks! http://www.pokjat.com/2010/01/09/asb-divid...o-calculate-it/ |
|
|
Jan 9 2013, 06:45 AM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(sidanos @ Jan 8 2013, 03:30 PM) After 1 year, u can actually use the dividend to pay off the installment for the next year. If I apply this month, I won't get full dividend? If you are willing to wait 25 years to gain RM200k from RM14400(1200 x 12 months) investment, y not? My advice is to apply the loan in November to get the full annual dividend. |
|
|
Jan 9 2013, 06:57 AM
|
VIP
4,896 posts Joined: Jan 2003 From: Kg Sg Penchala, KL 
|
QUOTE(solsekuin44 @ Jan 9 2013, 06:45 AM) If I apply this month, I won't get full dividend? Yes because by the time next dividend comes it will be less than one year for you. If you would like to invest in ASB better do it ASAP because any delay will cost you money. |
|
|
Jan 9 2013, 12:20 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(arj @ Jan 9 2013, 06:57 AM) Yes because by the time next dividend comes it will be less than one year for you. If you would like to invest in ASB better do it ASAP because any delay will cost you money. So, november will be the best time to invest? In order to get full dividend? Then maybe I should delay applying the loan to Nov then. |
|
|
Jan 9 2013, 12:46 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(solsekuin44 @ Jan 9 2013, 12:20 PM) So, november will be the best time to invest? In order to get full dividend? Then maybe I should delay applying the loan to Nov then. Solsekuin44,You do not have to wait till this November. If you really do, your dividend will be given at the end of 2014 which is a year later. The dividend will be pro-rated if you invest today. It a fixed fund units and remain same, the early you invest, the more faster compounding effect will take it place. This post has been edited by adolph: Jan 9 2013, 12:46 PM |
|
|
Jan 9 2013, 01:07 PM
|
Junior Member
86 posts Joined: Mar 2008
|
will asb loan affect if i want to take mortgage in the future?
|
|
|
Jan 9 2013, 01:51 PM
|
|
Junior Member
200 posts Joined: Jul 2008 From: Selangor
|
QUOTE(klenny @ Jan 9 2013, 01:07 PM) will asb loan affect if i want to take mortgage in the future? Yup, bank will see it as term loan. |
|
|
Jan 9 2013, 02:21 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(adolph @ Jan 9 2013, 12:46 PM) Solsekuin44, I see.. Thank you. Will go to the bank today You do not have to wait till this November. If you really do, your dividend will be given at the end of 2014 which is a year later. The dividend will be pro-rated if you invest today. It a fixed fund units and remain same, the early you invest, the more faster compounding effect will take it place. |
|
|
Jan 10 2013, 12:13 AM
|
|
Senior Member
965 posts Joined: Mar 2008
|
QUOTE(klenny @ Jan 9 2013, 01:07 PM) will asb loan affect if i want to take mortgage in the future? yup this financing will affect ur DSR.. but if ur account in good conduct it could become an advantage if u want to apply for mortgage in future coz it already mitigate high risk.. btw, this will also turn into a future income for u as bank will calculate it as a 7% pa income to be added to ur salary.. so it got its pro and cons. hope that help |
|
|
Jan 10 2013, 10:57 AM
|
|
Junior Member
123 posts Joined: Apr 2011
|
QUOTE(jeff_v2 @ Jan 10 2013, 12:13 AM) yup this financing will affect ur DSR.. thanks for the info but if ur account in good conduct it could become an advantage if u want to apply for mortgage in future coz it already mitigate high risk.. btw, this will also turn into a future income for u as bank will calculate it as a 7% pa income to be added to ur salary.. so it got its pro and cons. hope that help |
|
|
Jan 23 2013, 05:57 PM
|
|
Junior Member
86 posts Joined: Apr 2005 From: Eskay
|
in short, you will be an unofficial agent for the bank to invest their money in ASB (since they are not allowed to do so as an organization) so that they will generate more money for themselves and share some with you..smart! aren't they?
f***! i wanna be a banker! lol This post has been edited by devonhunter: Jan 23 2013, 06:00 PM |
|
|
Feb 6 2013, 12:09 PM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
I want to ask.will asb loan reduce my had pinjaman bank? let say buying car, house
|
|
|
Feb 6 2013, 12:12 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(Ulysses @ Feb 6 2013, 12:09 PM) I want to ask.will asb loan reduce my had pinjaman bank? let say buying car, house Ulysses, yes, it do. it will be based on your salary range. by the way, are you a pure Chinese ? |
|
|
Feb 6 2013, 01:00 PM
|
|
Senior Member
897 posts Joined: Sep 2008
|
QUOTE(devonhunter @ Jan 23 2013, 05:57 PM) in short, you will be an unofficial agent for the bank to invest their money in ASB (since they are not allowed to do so as an organization) so that they will generate more money for themselves and share some with you..smart! aren't they? damn this one is so true!!f***! i wanna be a banker! lol got 20 mil? then we can set up a bank!! |
|
|
Feb 6 2013, 01:06 PM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
QUOTE(adolph @ Feb 6 2013, 12:12 PM) Ulysses, nope.bumi.but I do learn chnese.btw.i already have 50k/25year/298mnth.yes, it do. it will be based on your salary range. by the way, are you a pure Chinese ? |
|
|
Feb 6 2013, 01:12 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(Ulysses @ Feb 6 2013, 01:06 PM) nope.bumi.but I do learn chnese.btw.i already have 50k/25year/298mnth. Ulysses,Reduce your repayment so that you can maximum your return, preferably 10 years for small amount of ASB loan. |
|
|
Feb 6 2013, 01:17 PM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
QUOTE(adolph @ Feb 6 2013, 01:12 PM) Ulysses, if already started, can amend repayment period?Reduce your repayment so that you can maximum your return, preferably 10 years for small amount of ASB loan. |
|
|
Feb 6 2013, 01:23 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(Ulysses @ Feb 6 2013, 01:17 PM) if already started, can amend repayment period? Ulysses, Not sure about that since I'm not a banker, you still can pay a visit to the nearest branch or do call to their hotline number to ask about it, never try never know. |
|
|
Feb 6 2013, 01:31 PM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
"e=adolph,Feb 6 2013, 01:23 PM]
Ulysses, Not sure about that since I'm not a banker, you still can pay a visit to the nearest branch or do call to their hotline number to ask about it, never try never know. [/quote] thanks :-) |
|
|
Feb 6 2013, 02:26 PM
|
|
Senior Member
897 posts Joined: Sep 2008
|
QUOTE(adolph @ Feb 6 2013, 01:12 PM) Ulysses, mind explaining how reduce repayment and loan term can maximize return?Reduce your repayment so that you can maximum your return, preferably 10 years for small amount of ASB loan. |
|
|
Feb 6 2013, 02:56 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(ciahcra @ Feb 6 2013, 02:26 PM) mind explaining how reduce repayment and loan term can maximize return? Ciahcra,If you select a repayment period that stretch too long, you're paying the banks more interest due to the basic lending rate (blr). therefore, legally give them more return, as the borrowers itself feel not comfortable with the monthly repayment, mostly due to the amount that's too large. most borrowers choose to paid it by stretching the period so that they can afford to paid the installment amounts. In short term, probably you will be suffer for the repayment and not enough to use, but in long term, it will be an advantage, since asb loan have at least 8% dividend per year. you're taking more interest at the end, rather than give your interest legally to the banks and compounding into larger amounts. eg, calculate the repayment table and interest alone for how much the banks gonna to eat your money for long terms such as property. with simple interest, let say 25 year monthly installment, by using a financial calculator. you would have to paid another interest, that's like buying two apartment and giving the bank one. |
|
|
Feb 6 2013, 05:48 PM
|
|
Elite
2,036 posts Joined: Feb 2007 From: KL
|
QUOTE(adolph @ Feb 6 2013, 02:56 PM) Ciahcra, it depends. if by taking a shorter repayment period you reduce the amount of loan you take then you earn less simply just so that the banks earn less. that's not a wise move. If you select a repayment period that stretch too long, you're paying the banks more interest due to the basic lending rate (blr). therefore, legally give them more return, as the borrowers itself feel not comfortable with the monthly repayment, mostly due to the amount that's too large. most borrowers choose to paid it by stretching the period so that they can afford to paid the installment amounts. In short term, probably you will be suffer for the repayment and not enough to use, but in long term, it will be an advantage, since asb loan have at least 8% dividend per year. you're taking more interest at the end, rather than give your interest legally to the banks and compounding into larger amounts. eg, calculate the repayment table and interest alone for how much the banks gonna to eat your money for long terms such as property. with simple interest, let say 25 year monthly installment, by using a financial calculator. you would have to paid another interest, that's like buying two apartment and giving the bank one. if you can just about afford the max loan amount by using the max repayment period, you benefit in total as in every scenario div returns > interest payment. if you already have money to put into asb, then you wouldnt need a loan in the first place. the objective of the whole thing is to maximise your own returns, not to minimise what the banks get. |
|
|
Feb 6 2013, 06:00 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(empyreal @ Feb 6 2013, 05:48 PM) it depends. if by taking a shorter repayment period you reduce the amount of loan you take then you earn less simply just so that the banks earn less. that's not a wise move. Empyreal,if you can just about afford the max loan amount by using the max repayment period, you benefit in total as in every scenario div returns > interest payment. if you already have money to put into asb, then you wouldnt need a loan in the first place. the objective of the whole thing is to maximise your own returns, not to minimise what the banks get. I don't understand by your meaning, by taking shorter repayment then it will effect your amount of loans. so, do you mean that by only taking ASB loan and shorter repayment, banks will not approve because it will effect their profits. I do not think so, no banks will not give loans if the repayment is short, the only different will be the interest. so, you do encourage people to take maximum loans and paid more interest while they able to paid it with shorter tenure, i do not think it is a wise move afterall. you get me wrong here, we are the borrowers, of course borrowers will need to accept the interest and amount first before taking any loans, we're taking loans because we want to settle the matters, but not thinking on behave for the banks. |
|
|
Feb 6 2013, 06:04 PM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
QUOTE(adolph @ Feb 6 2013, 02:56 PM) Ciahcra, BLR is same as interest? If you select a repayment period that stretch too long, you're paying the banks more interest due to the basic lending rate (blr). therefore, legally give them more return, as the borrowers itself feel not comfortable with the monthly repayment, mostly due to the amount that's too large. most borrowers choose to paid it by stretching the period so that they can afford to paid the installment amounts. In short term, probably you will be suffer for the repayment and not enough to use, but in long term, it will be an advantage, since asb loan have at least 8% dividend per year. you're taking more interest at the end, rather than give your interest legally to the banks and compounding into larger amounts. eg, calculate the repayment table and interest alone for how much the banks gonna to eat your money for long terms such as property. with simple interest, let say 25 year monthly installment, by using a financial calculator. you would have to paid another interest, that's like buying two apartment and giving the bank one. pardon me.im newbie in this thing.but eager to learn |
|
|
Feb 6 2013, 06:33 PM
|
|
Elite
2,036 posts Joined: Feb 2007 From: KL
|
QUOTE(adolph @ Feb 6 2013, 06:00 PM) Empyreal, not really, im looking at it from the pov of a borrower. the assumption is that a person who needs to borrow is someone without a lot of money, and cashflow is a concern and a constraint.I don't understand by your meaning, by taking shorter repayment then it will effect your amount of loans. so, do you mean that by only taking ASB loan and shorter repayment, banks will not approve because it will effect their profits. I do not think so, no banks will not give loans if the repayment is short, the only different will be the interest. so, you do encourage people to take maximum loans and paid more interest while they able to paid it with shorter tenure, i do not think it is a wise move afterall. you get me wrong here, we are the borrowers, of course borrowers will need to accept the interest and amount first before taking any loans, we're taking loans because we want to settle the matters, but not thinking on behave for the banks. now, given that a person with cashflow constrints can only afford an investment (or loan repaymnet) of say 1k per month, he can either borrow (example) 200k and repay for 25 years, or 100k for 12 years (examples). since div rate is always higher than interest repayment, the more you borrow the more you gain, without exception. in essence, banks 'earning more' is totally immaterial because you will also be earning more (for the given amount of investment - here, its the 1k per month) over the same period. given the above contraints, shorter repayments = smaller amount of loan you can afford = smaller loan = smaller gain by banks, but = smaller gains by yourself, for the same amount of monthly repayment. hope i made it clear lol, im hungry. |
|
|
Feb 7 2013, 06:43 AM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(empyreal @ Feb 6 2013, 06:33 PM) not really, im looking at it from the pov of a borrower. the assumption is that a person who needs to borrow is someone without a lot of money, and cashflow is a concern and a constraint. Empyreal, now, given that a person with cashflow constrints can only afford an investment (or loan repaymnet) of say 1k per month, he can either borrow (example) 200k and repay for 25 years, or 100k for 12 years (examples). since div rate is always higher than interest repayment, the more you borrow the more you gain, without exception. in essence, banks 'earning more' is totally immaterial because you will also be earning more (for the given amount of investment - here, its the 1k per month) over the same period. given the above contraints, shorter repayments = smaller amount of loan you can afford = smaller loan = smaller gain by banks, but = smaller gains by yourself, for the same amount of monthly repayment. hope i made it clear lol, im hungry. the dividend is not constant, the performance could be much worsen than interest itself in the future, past performance is past performance. you're saying that if the dividend still giving 8% for long terms. please read the Asb-loan disclaimer before purchase the asb-loan, the agents or bankers told you are definitely misleading, they're just making an example if they interest still 8% in the future. It is not important how many gain for the interest from the banks, the banks still could able to sell the units back to Amanah Saham Nasional Berhad in case the borrowers unable to paid the amount of installment monthly. what kind of smaller amount your're referring, are you referring that you can only take the loan if your repayment period is more than 20 years, i don't think so. you still able to take the loans, but unable to generate income due to the high payment each months. you're wrong, if you're saying that the banks to gain more profits in order for the borrowers to get more profits. debt is a debt, and it still a liabilities if you still not settle the full settlement of loans. In any real world, holding too much debt is always a negative. such as buying a blue chips, or unit trust, you won't pick a unit trust that have a lot of liabilities and debt, isn't. of course to maximize the returns, I think you're saying by definitions, if you take shorter repayment, you can't see the dividend or interest due to the high payments, and possibility, by referring to your statement, a yearly cash-flows after deduct expenses and liabilities. This post has been edited by adolph: Feb 7 2013, 07:18 AM |
|
|
Feb 7 2013, 09:59 AM
|
|
Elite
2,036 posts Joined: Feb 2007 From: KL
|
QUOTE(adolph @ Feb 7 2013, 06:43 AM) Empyreal, of course, but if you want to go on that basis, the 'safe' option is to not borrow at all. borrowing to invest (leveraging) already implies a risk in and of itself. taking that into account, and given the parameters set into the argument i laid down, the best option is to borrow as much as you can safely afford. the best result is to not touch any future dividends - which you can use as a buffer against any increases in the interest rate, while allowing it to compound.the dividend is not constant, the performance could be much worsen than interest itself in the future, past performance is past performance. you're saying that if the dividend still giving 8% for long terms. please read the Asb-loan disclaimer before purchase the asb-loan, the agents or bankers told you are definitely misleading, they're just making an example if they interest still 8% in the future. It is not important how many gain for the interest from the banks, the banks still could able to sell the units back to Amanah Saham Nasional Berhad in case the borrowers unable to paid the amount of installment monthly. what kind of smaller amount your're referring, are you referring that you can only take the loan if your repayment period is more than 20 years, i don't think so. you still able to take the loans, but unable to generate income due to the high payment each months. you're wrong, if you're saying that the banks to gain more profits in order for the borrowers to get more profits. debt is a debt, and it still a liabilities if you still not settle the full settlement of loans. In any real world, holding too much debt is always a negative. such as buying a blue chips, or unit trust, you won't pick a unit trust that have a lot of liabilities and debt, isn't. of course to maximize the returns, I think you're saying by definitions, if you take shorter repayment, you can't see the dividend or interest due to the high payments, and possibility, by referring to your statement, a yearly cash-flows after deduct expenses and liabilities. you only 'lose money' when the interest payment > dividend + the principal you get back after paying down the loan. plus, if you want to consider scenarios where interest > div yield (and ignore the principal you get back), then no matter whther the loan is long or short, you still 'lose money' so the argument is moot. and i think you're getting my points wrong. i didnt say the banks wont let you get a large loan for a given period - the banks dont set that parameter down. i set that parameter down based on how much YOU (as the borrower) are willing to put down each month for investment purposes, either directly putting it into the asb account, or to repay a loan you take out to put into asb. it's money you can consider as 'burnt' once it goes into your asb account or repaying your loan. so, lets say you have 1k for this purpose. now if you set the repayment period as short, you cant borrow the full 200k not because the banks wont let you, but because you cant afford the repayment (which is about 2k per month if its like 10 years iinm). because of this, for the first 10 years your returns will be lower than for someone who (for the same outlay) got the 200k loan. due to the compounding effect, especially if the div remains untouched, the subsequent divs will be larger for the one who borrowed. this assumption is better than saying "you should repay your loan fast" since that statement totally ignores the constraints of the avergae borrower who do not have unlimited amounts of cash monthly to repay an indeterminate amount of repayment. anyway, i never said that the banks need you to make a profit for them to make a profit. in the scenario i gave, i didnt give two hoots about what the banks will do - just what the best course of action you can take given the parameters. i'm saying that you SHOULDNT stop yourself from making a larger profit just because the banks will have higher profits too. that's like cutting your nose to spite your face - a lose-lose proposition. |
|
|
Feb 7 2013, 10:23 AM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(empyreal @ Feb 7 2013, 09:59 AM) so, lets say you have 1k for this purpose. now if you set the repayment period as short, you cant borrow the full 200k not because the banks wont let you, but because you cant afford the repayment (which is about 2k per month if its like 10 years iinm). because of this, for the first 10 years your returns will be lower than for someone who (for the same outlay) got the 200k loan. Empyreal,due to the compounding effect, especially if the div remains untouched, the subsequent divs will be larger for the one who borrowed. this assumption is better than saying "you should repay your loan fast" since that statement totally ignores the constraints of the avergae borrower who do not have unlimited amounts of cash monthly to repay an indeterminate amount of repayment. anyway, i never said that the banks need you to make a profit for them to make a profit. in the scenario i gave, i didnt give two hoots about what the banks will do - just what the best course of action you can take given the parameters. i'm saying that you SHOULDNT stop yourself from making a larger profit just because the banks will have higher profits too. that's like cutting your nose to spite your face - a lose-lose proposition. The borrowers are not set to how much he willing to paid, but the banks itself, because you're giving a statement where 1 thousand ringgit in scenario. If the borrowers found out it too much for the repayment, they can choose not too maximize their asb-loan. Of course the banks won't let you if you just want to paid $1,000 per months. And, you should clearly understand what I'm trying to convey, Asb-loan is based on the basic lending rate, whether you want to maximize your asb-loan, you should take note for the interest and not just ignore it because you're thinking that asb-loan is a guarantee profit from your portfolio. An investment is always an investment, investment do not guarantee in profits or return in future just because the past performance is yielding a better return. please read back the post, i'm not saying that someone should stop yourselves from getting large profits, everyone would like to make money. if you think that it is safe to take loan for long term, then go ahead. everyone know too debt stretch too long is a bad thing especially in investment and business. and, you're saying in order for better benefits, you encourage borrowers to invest in long terms, while you only get a certificate which is not redeemable. Ten year only a short term, but you're clearing your debt faster than your name. nobody urges you to invest 200,000 units in one lump sums, if you want use debt but not your own money then go ahead. then, just calculate the dividend remaining after you clear your debt, the accumulation and re-invest powers. there will be pros and cons for every scenario neither you're paying it more or lesser by repayment period itself. if you want to be comfortable and security, then just go ahead with your plans. Of course, they do know the payment is not affordable. This post has been edited by adolph: Feb 7 2013, 10:51 AM |
|
|
Feb 7 2013, 11:15 AM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(Ulysses @ Feb 6 2013, 06:04 PM) BLR is same as interest? Ulysses, pardon me.im newbie in this thing.but eager to learnBasic lending rate (BLR) is a mininum interest rate calculated by banking institution based on the formula by taking factor such as cost of funds, administration costs, and etc. The rate is not fixed, it will change and varies from time to time. It it such an interest, different banks have different interest but it almost same. Info, http://www.blr.my/Banks%20Latest%20BLR.htm. Inflation rate, the value of your fiat currency versus purchasing powers. Info, http://www.tradingeconomics.com/malaysia/inflation-cpi |
|
|
Feb 7 2013, 12:19 PM
|
|
Elite
2,036 posts Joined: Feb 2007 From: KL
|
QUOTE(adolph @ Feb 7 2013, 10:23 AM) Empyreal, This post has been edited by empyreal: Feb 7 2013, 12:31 PMThe borrowers are not set to how much he willing to paid, but the banks itself, because you're giving a statement where 1 thousand ringgit in scenario. yes, the borrower does. everyone does - its called allocation, an essential part of financial planning. If the borrowers found out it too much for the repayment, they can choose not too maximize their asb-loan. Of course the banks won't let you if you just want to paid $1,000 per months. If the fella can only afford to allocate 1000rm the fella can either change one of two variables (excluding increadin the allocation): i. reducing the amount of loan ii. changing the tenure do you see what im getting at? there are three variables here - loan amount, tenure, and repayment amount. you can set two as a constant. And, you should clearly understand what I'm trying to convey, Asb-loan is based on the basic lending rate, whether you want to maximize your asb-loan, you should take note for the interest and not just ignore it because you're thinking that asb-loan is a guarantee profit from your portfolio. im not ignoring it, but you're overlooking the returns which are i) the divs, and ii) the principal freed as you pay down the loan. due to the time value of money and compound interest, interest rates can be slightly above the div yield and you can still be earning money, albeit incurring opportunity cost. An investment is always an investment, investment do not guarantee in profits or return in future just because the past performance is yielding a better return. did i say its a guaranteed return? i said for scenarios where div yields is always above the interest rate having a loan is a net benefit to the borrower please read back the post, i'm not saying that someone should stop yourselves from getting large profits, everyone would like to make money. if you think that it is safe to take loan for long term, then go ahead. everyone know too debt stretch too long is a bad thing especially in investment and business. that's why you allocate only what you can afford (in my case the 1k). in the short term the trend wont diverge too wildly from the historical, so that assumptino will be safe for the short term. i further stated that if you dont touch the divs, you can drawdown the accumulated divs and use it as a buffer against years where interest > div yields. also, a minor point, but many businesses maintain leveraged positions all their operating lives. if you dont leverage (and you have a strong base) you're wasting growth potential. banks would find it difficult to operate, for example, simply relying on its equity. and, you're saying in order for better benefits, you encourage borrowers to invest in long terms, while you only get a certificate which is not redeemable. most forms of investments are in the form of 'irredeemable' certificates (if you mean claims on something which are intangible or exposed to counterparty risk). stocks, bonds, heck, even fd (based on the counterparty risk of the banks defaulting) are the same. in any case, you CAN cancel the loan at any time. the process or cost of which im not sure. Ten year only a short term, but you're clearing your debt faster than your name. nobody urges you to invest 200,000 units in one lump sums, if you want use debt but not your own money then go ahead. if you HAVE your own money, you dont need debt. the whole basis of getting leveraged is because you need the loan to take advantage of the opportunity. it's basically the flaw people arguing against the loan use: using your own money is better than using borrowed money. it's liek saying buying your car with cash is better than buying your car with a loan. of course its true (barring opportunity costs) - but do the people who intend to borrow have their own money as an alternative? then, just calculate the dividend remaining after you clear your debt, the accumulation and re-invest powers. there will be pros and cons for every scenario neither you're paying it more or lesser by repayment period itself. if you want to be comfortable and security, then just go ahead with your plans. Of course, they do know the payment is not affordable. i dont understand how it is 'not affordable' when you've already set the amount you're liable to repay on the outset and made provisions against the adverse movements in the interest/div yield margin. |
|
|
Feb 7 2013, 01:02 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(empyreal @ Feb 7 2013, 12:19 PM) Financial planning for allocation, is more than that. there's a lot of definition for allocation especially insurance. They choose how much they want to take the loan based on the interest sets from the banks, and it not constant. You don't have to say two constant, just get a repayment table amount and tenure from any agents in the banks, it much more easy. yes, you're just speculating the interest for long term, you're still encourage borrowers to extend the tenure. you forgot for asb, interest bonus is not applicable to all investors. they need at least invest for 10 year to get the bonus. other than that, the interest is slightly at 7%, where basic lending rate 6.5%. you should check asb return during commencement till today, it reducing in long term and yet, after 20 year. what make it will be better in future. everything could happen in 20 year period. Really, I'm not saying that in order to get more benefits, you should reduce it. I gave my personal opinion to ulysses, because his asb loan only a small amount, why a small amount need to stretch till 20 years. so, which one you do not understand. you are saying the same thing over again and again, yet. you're still stretching the tenure for long term because you want borrowers to feel comfortable with the amount, just like you. so, what happen to your asb-loan if in future, the dividend fail to catch up interest. you're wrong, not redeemable, which mean you will not be able to get any money in case of emergency situation. do your fixed deposit is not redeemable, the answer is "no", you don't even get any money if you still under asb-loan except dividend, to get it you need to settle the full amounts. for blue chips and bonds, i still can sell it off even the units losing money, what you're saying is just simply calculate the future value, and repayment so borrowers won't be suffer, it almost same by pointing, this fund is good and will yield better return because it is a good investment by insurance agents and bankers. why so hurry for maximize 200,000 units, because compounding value ? an investor don't even have the basic money to invest, and borrow in a huge sums for long term and you're saying long term by maximize it is a good move because it surely get 200,000 units while the fund today at 82 billion units and increasing This post has been edited by adolph: Feb 7 2013, 01:11 PM |
|
|
Feb 7 2013, 01:20 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
Empyreal,
You do agree taking too much debt is a bad move, but you added on by using leverage to make opportunity. so, which opportunity you're referring since you don't have control over your asb loan rather than the company itself, just because the return is higher? they invest for you, so you're depending on other for return and dividend, isn't. The basically of flaw people? does car is an asset or liabilities, Asb is a tangible asset or intangible asset, units itself is worthless without the company, and no control over your investment. This post has been edited by adolph: Feb 7 2013, 01:35 PM |
|
|
Feb 7 2013, 05:36 PM
|
|
Elite
2,036 posts Joined: Feb 2007 From: KL
|
QUOTE(adolph @ Feb 7 2013, 01:02 PM) Empyreal, Financial planning for allocation, is more than that. there's a lot of definition for allocation especially insurance. yes, but when you apportion a certain part a month to a given purpose (like a budget for food and bills), that's an allocation. They choose how much they want to take the loan based on the interest sets from the banks, and it not constant. if you can choose the amount of loan you want to take, you can choose the amount of loan that corresponds to the repayment that fits your allocation. hence, you can make it a constant. You don't have to say two constant, just get a repayment table amount and tenure from any agents in the banks, it much more easy. yes, you're just speculating the interest for long term, you're still encourage borrowers to extend the tenure. yes, if you want to be safe, you jsut stick with FD. you forgot for asb, interest bonus is not applicable to all investors. they need at least invest for 10 year to get the bonus. interest bonus is a small part of the dividend - 1% out of 8%. 7% is already higher than the interest. in any case, you kinda supported the case ofborrowing a large amount upfront, as the returns from the bonus will be higher for a longer period. other than that, the interest is slightly at 7%, where basic lending rate 6.5%. you should check asb return during commencement till today, it reducing in long term and yet, after 20 year. what make it will be better in future. everything could happen in 20 year period. lol, if you think that the only benefit of bringing forward a large amount is the interest differential and not to take advantage of the time value, then you're leaving a lot of money on the table. by the way, asb loans are blr - X%, usually blr -1.5%. the reduction is in line with the general market and also the interest rate. try putting the returns graph right next to a graph showing the blr rate over the same period of years. go on. Really, I'm not saying that in order to get more benefits, you should reduce it. I gave my personal opinion to ulysses, because his asb loan only a small amount, why a small amount need to stretch till 20 years. so, which one you do not understand. you are saying the same thing over again and again, yet. i'm saying the same thing because youre kinda not grasping what im saying. did you ask him how much he can afford to pay a month? you're still stretching the tenure for long term because you want borrowers to feel comfortable with the amount, just like you. i like how you make assumptions. so, what happen to your asb-loan if in future, the dividend fail to catch up interest. even if they get a net zero from their interest - divs, they still get the 8000 or so per year (if you take 200k over 25 years) in value as their loan gets paid down. you're wrong, not redeemable, which mean you will not be able to get any money in case of emergency situation. do your fixed deposit is not redeemable, the answer is "no", you don't even get any money if you still under asb-loan except dividend, to get it you need to settle the full amounts. and when you settle the full amount, you also get the principal of the loan. disregarding all the dividends you already receive, its a net position. i dont get what the issue is. for blue chips and bonds, i still can sell it off even the units losing money, what you're saying is just simply calculate the future value, and repayment so borrowers won't be suffer, it almost same by pointing, this fund is good and will yield better return because it is a good investment by insurance agents and bankers. why so hurry for maximize 200,000 units, because compounding value ? yes, because of the compounding value. an investor don't even have the basic money to invest, and borrow in a huge sums for long term and you're saying long term by maximize it is a good move because it surely get 200,000 units while the fund today at 82 billion units and increasing the fact that you're saying this means youre quite missing the points ive been making lol QUOTE(adolph @ Feb 7 2013, 01:20 PM) Empyreal, errr... what? i think youre seriously misreading a lot of my points by putting in words i never said. You do agree taking too much debt is a bad move, but you added on by using leverage to make opportunity. so, which opportunity you're referring since you don't have control over your asb loan rather than the company itself, just because the return is higher? they invest for you, so you're depending on other for return and dividend, isn't. The basically of flaw people? does car is an asset or liabilities, Asb is a tangible asset or intangible asset, units itself is worthless without the company, and no control over your investment. i did not say 'too much debt is bad' at all. i said most companies have debt and debt is a great way to get money that you shouldnt have gotten. i cant understand your last few sentences, but i'm guessing you're trying to say that asb is different from any other sort of investment because you have no control. this lack of control over circumtances is called risk (whether counterparty risk, risk or fire, theft, non-delivery etc). in that matter, ALL businesses (even your own) you'll face risk. your insurance firm can go belly up. your stocks can go up in smoke. you cant control technology obsolescence or that your customers (if you have a business) suddenly stop coming. if you want to compare them with stocks, unless you are a significant shareholder you dont 'control the company' either. |
|
|
Feb 7 2013, 08:29 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
Deleted, multiple replied.
This post has been edited by adolph: Feb 7 2013, 08:43 PM |
|
|
Feb 7 2013, 08:29 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(empyreal @ Feb 7 2013, 05:36 PM) errr... what? i think youre seriously misreading a lot of my points by putting in words i never said. Empyreal,i did not say 'too much debt is bad' at all. i said most companies have debt and debt is a great way to get money that you shouldnt have gotten. i cant understand your last few sentences, but i'm guessing you're trying to say that asb is different from any other sort of investment because you have no control. this lack of control over circumtances is called risk (whether counterparty risk, risk or fire, theft, non-delivery etc). in that matter, ALL businesses (even your own) you'll face risk. your insurance firm can go belly up. your stocks can go up in smoke. you cant control technology obsolescence or that your customers (if you have a business) suddenly stop coming. if you want to compare them with stocks, unless you are a significant shareholder you dont 'control the company' either. I haven't read all your replied but found out it getting out from the topic disregarding the funds itself, you choose to be ignorant because you believe that asb-loan is a surely a profitable investment without calculated other risk factors. you're more misleading than I was on the first place, don't you think so. Oh, right. because you never will see it, you're blinded by greediness. So, one question that clear all the doubt, if the funds itself failed to capped the interest in future since twenty year is not a short year, anything could happen. so what will happen to your investments. please, go back to read back your statement on the first place. it a funds where it have zero value without the companies, and you point it out still be able to get the principle in future by claimed, net position. you already have answer in your mind, by stated the fund itself will surely getting 200,000 units in future plus the compounding, so what point for it, go ahead with it then. you forget the definition of investment, the root of basic to investment and the risk associated. Straightforward, everyone is also making assumption including yourselves about future value of Asb-loan. you're also comparing car too. so, what the problem for that. By the way, I don't keep fixed deposit, the reason I used fixed deposit because you uses it as example to explain "redeemable" . you're picking something which is out from your control which is famously known "fixed funds" with loans. your last statement keep getting more out of topic matters. so, you're not one of them with ignorance? hope your asb loan will be still getting the same return over the year then. Which you do not understand again by small amount, he already claimed how many amount need to made each month for 25 years for 50,000 loan, need spoon feed by getting the principle value? Please read first before you start a replied. so, you have different mindset which is clearly for you, investment that never goes wrong by saying over again from your replied. So, what's the point to continue our discussion since it ain't a discussion but merely want to say that I was wrong. you can continue to live in your own world about your investment principle, it kinda waste my time to replied someone which not even understand the basic, and yet already believe the return in future by having your own mindset just like a salesman, but not an investor behavior, by reading the same thing which explained the same definition over and over again, like a dummies.  Opps, did i hurt your ball, wasted time.This post has been edited by adolph: Feb 7 2013, 08:59 PM |
|
|
Feb 8 2013, 12:09 AM
|
|
Elite
2,036 posts Joined: Feb 2007 From: KL
|
QUOTE(adolph @ Feb 7 2013, 08:29 PM) Empyreal, lol, i like how you assumed that i'm actually hurt. also, chill out. I haven't read all your replied but found out it getting out from the topic disregarding the funds itself, you choose to be ignorant because you believe that asb-loan is a surely a profitable investment without calculated other risk factors. you're more misleading than I was on the first place, don't you think so. Oh, right. because you never will see it, you're blinded by greediness. So, one question that clear all the doubt, if the funds itself failed to capped the interest in future since twenty year is not a short year, anything could happen. so what will happen to your investments. please, go back to read back your statement on the first place. it a funds where it have zero value without the companies, and you point it out still be able to get the principle in future by claimed, net position. you already have answer in your mind, by stated the fund itself will surely getting 200,000 units in future plus the compounding, so what point for it, go ahead with it then. you forget the definition of investment, the root of basic to investment and the risk associated. Straightforward, everyone is also making assumption including yourselves about future value of Asb-loan. you're also comparing car too. so, what the problem for that. By the way, I don't keep fixed deposit, the reason I used fixed deposit because you uses it as example to explain "redeemable" . you're picking something which is out from your control which is famously known "fixed funds" with loans. your last statement keep getting more out of topic matters. so, you're not one of them with ignorance? hope your asb loan will be still getting the same return over the year then. Which you do not understand again by small amount, he already claimed how many amount need to made each month for 25 years for 50,000 loan, need spoon feed by getting the principle value? Please read first before you start a replied. so, you have different mindset which is clearly for you, investment that never goes wrong by saying over again from your replied. So, what's the point to continue our discussion since it ain't a discussion but merely want to say that I was wrong. you can continue to live in your own world about your investment principle, it kinda waste my time to replied someone which not even understand the basic, and yet already believe the return in future by having your own mindset just like a salesman, but not an investor behavior, by reading the same thing which explained the same definition over and over again, like a dummies. Opps, did i hurt your ball, wasted time.look, firstly this is a civil conversation, at least on my part, but i do take a small measure of satisfaction annoying people who are not above resorting to borderline personal attacks when they think they're 'losing' even when i dont even see it as a competition. in any case, as gordon gekko said, greed is good - although i have to append 'as long as you consider all due risks and make provisions for it'. i've already done so, using the reserves of divs built-up to counter against any negative effects of an interest rate increase (which is why i also look at the bnm's mpc who most analysts predict will maintain the opr constant at 3% for the rest of the year, btw). everything has risks, its just that if you've provisioned for it, its fine. so i dont understand how you say that im both 'greedy' and blinded against the risks. i not only noted it, but taken steps to safeguard against it. meh. asb is a fund - even 'without the companies' as you mention, of course it has a value. the value is however much they've gotten when they divested those companies. it's like saying a property developer is nothing without his properties. in any case, unlike a developer who can have his entire property stock go up in flames, there's a much smaller likelihood that suddenly the value all the stocks in bursa became a big fat 0. the only time asb as a fund will be 'without the companies' is the time when it liquidates ALL its investments - after which it would be be very liquid with cash. also, when i said the net position thing, i wasnt even referring to the asb. i was referring to the loan itself. basically, i dont need to wait to get 200k in 25 years' time. i can get it NOW if i prepay (but that would mean that i'd pay up the outstanding loan amount). leaving it in for 25 years (assuming i dont touch whatevers going there and assuming current div rates), i'd be having 1.2 mil by the time the loans mature not 200k. if i want to prepay the loan, what i will get is the amount of principle. if i borrowed 200k, then if i settle the loan early (lets say there is a sudden increase in interest rate), i'll settle the outstanding amount, get the 200k cert then cash that in minus whatever costs incurred. my net position would be clear, you see. i wouldve offset'd my liability (loan to whatever bank) with my asset (the 200k principle). there's two counterparty risks here, me with the bank and me with asb. i can settle with the bank (prepay) and i can settle with asb (unless the aforementioned scenario where all stocks become 0). so, on the risk standpoint, im okay. the thing is, i dont even need the asb to give me the same returns in the future. ive said this multiple times, but you seem to ignore it. i can actually have the interest rate be slightly above the div rate (up to about 0.5% over, dpending on principle and at what point of the tenure) and i'd still be ok because of the time value of money menas that when you bring forward that large amount for you to benefit from you have this excess which you offsets the costs - all those npv blabla (again, another thing i've mentioned, but you refuse to address. you're very much invited to work it out on an excel sheet if you want to). of course i have an 'answer in my mind'. its called an opinion, which i am sharing. maybe i am silly in that i dont understand the concept that to 'act intelligently' means i have to agree with every word you say lol. i myself have maxed out my loan for several years already, so you dont really need to tell me to 'go ahead'. i sat down years back and said, i was gonna put down such and such amount into investing into asb (whether deposit directly, or loan), decide which path gets the most long term returns and THEN choose the amount to borrow, if thats the right answer. you dont borrow first and hope that the returns hit a certain amount - i'm gonna assume that's how you framed the process. by doing the former, you kinda dont need to care how much the returns are (or even how much the interest rate is, if its fixed) - you're kinda going to get (more or less) money. you bring forward the largest sum you can afford (by taking the longest tenure) and because the compounding affect takes place on both the principle and the divs you didnt touch, by the end of say, 25 years, the amount of interest payment is a very very small percentage of the divs on your principle + the div on your 25th year over your accumulated dividends of the past 24 years. if i keep the divs instead of spending them, i dont even need the div on the 25th year to be anywhere near the blr to make the final repayment. the interest from the accumulated dividends alone (not even considering the 200k principle) is already going a long way to pay the interest. add that to the interest on the principle, and i'm just saying that it kinda works. do i worry if i cant repay? no, because the repayment amount will be about the same as what i've committed to contribute to savings how ever many years ago. i personally dont really mind if no one wants to do the same, since it doesnt affect my returns, or even challenge the calculations. a good economist bounces formulas with people, challenging formulas make them more robust in my experience and you get better results. well, in any case it has been fun talking to you. i sure do hope that i'm not someone who 'dont even understand the basics of investments' because otherwise i'd be in the wrong industry. that's a long post lol. |
|
|
Feb 8 2013, 12:28 AM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(empyreal @ Feb 8 2013, 12:09 AM) lol, i like how you assumed that i'm actually hurt. also, chill out. Empyreal,look, firstly this is a civil conversation, at least on my part, but i do take a small measure of satisfaction annoying people who are not above resorting to borderline personal attacks when they think they're 'losing' even when i dont even see it as a competition. in any case, as gordon gekko said, greed is good - although i have to append 'as long as you consider all due risks and make provisions for it'. i've already done so, using the reserves of divs built-up to counter against any negative effects of an interest rate increase (which is why i also look at the bnm's mpc who most analysts predict will maintain the opr constant at 3% for the rest of the year, btw). everything has risks, its just that if you've provisioned for it, its fine. so i dont understand how you say that im both 'greedy' and blinded against the risks. i not only noted it, but taken steps to safeguard against it. meh. asb is a fund - even 'without the companies' as you mention, of course it has a value. the value is however much they've gotten when they divested those companies. it's like saying a property developer is nothing without his properties. in any case, unlike a developer who can have his entire property stock go up in flames, there's a much smaller likelihood that suddenly the value all the stocks in bursa became a big fat 0. the only time asb as a fund will be 'without the companies' is the time when it liquidates ALL its investments - after which it would be be very liquid with cash. also, when i said the net position thing, i wasnt even referring to the asb. i was referring to the loan itself. basically, i dont need to wait to get 200k in 25 years' time. i can get it NOW if i prepay (but that would mean that i'd pay up the outstanding loan amount). leaving it in for 25 years (assuming i dont touch whatevers going there and assuming current div rates), i'd be having 1.2 mil by the time the loans mature not 200k. if i want to prepay the loan, what i will get is the amount of principle. if i borrowed 200k, then if i settle the loan early (lets say there is a sudden increase in interest rate), i'll settle the outstanding amount, get the 200k cert then cash that in minus whatever costs incurred. my net position would be clear, you see. i wouldve offset'd my liability (loan to whatever bank) with my asset (the 200k principle). there's two counterparty risks here, me with the bank and me with asb. i can settle with the bank (prepay) and i can settle with asb (unless the aforementioned scenario where all stocks become 0). so, on the risk standpoint, im okay. the thing is, i dont even need the asb to give me the same returns in the future. ive said this multiple times, but you seem to ignore it. i can actually have the interest rate be slightly above the div rate (up to about 0.5% over, dpending on principle and at what point of the tenure) and i'd still be ok because of the time value of money menas that when you bring forward that large amount for you to benefit from you have this excess which you offsets the costs - all those npv blabla (again, another thing i've mentioned, but you refuse to address. you're very much invited to work it out on an excel sheet if you want to). of course i have an 'answer in my mind'. its called an opinion, which i am sharing. maybe i am silly in that i dont understand the concept that to 'act intelligently' means i have to agree with every word you say lol. i myself have maxed out my loan for several years already, so you dont really need to tell me to 'go ahead'. i sat down years back and said, i was gonna put down such and such amount into investing into asb (whether deposit directly, or loan), decide which path gets the most long term returns and THEN choose the amount to borrow, if thats the right answer. you dont borrow first and hope that the returns hit a certain amount - i'm gonna assume that's how you framed the process. by doing the former, you kinda dont need to care how much the returns are (or even how much the interest rate is, if its fixed) - you're kinda going to get (more or less) money. you bring forward the largest sum you can afford (by taking the longest tenure) and because the compounding affect takes place on both the principle and the divs you didnt touch, by the end of say, 25 years, the amount of interest payment is a very very small percentage of the divs on your principle + the div on your 25th year over your accumulated dividends of the past 24 years. if i keep the divs instead of spending them, i dont even need the div on the 25th year to be anywhere near the blr to make the final repayment. the interest from the accumulated dividends alone (not even considering the 200k principle) is already going a long way to pay the interest. add that to the interest on the principle, and i'm just saying that it kinda works. do i worry if i cant repay? no, because the repayment amount will be about the same as what i've committed to contribute to savings how ever many years ago. i personally dont really mind if no one wants to do the same, since it doesnt affect my returns, or even challenge the calculations. a good economist bounces formulas with people, challenging formulas make them more robust in my experience and you get better results. well, in any case it has been fun talking to you. i sure do hope that i'm not someone who 'dont even understand the basics of investments' because otherwise i'd be in the wrong industry. that's a long post lol. Just make it simple by giving an easy explanation, I don't even finished to read all of it because it kinda out of topic since few replied previously. The reason I say short the repayment period for ulysses because it only a small amount, and suddenly continue this and that. It is an easy calculation, because the true face value for ASB units maybe more or lesser which is capped at $1 due to fixed funds and net asset value always at 1.000 per units. By using a compounding calculator, just insert the number together with inflation, returns and other factor which will eventually get the number of return approximately. This post has been edited by adolph: Feb 8 2013, 12:29 AM |
|
|
Feb 12 2013, 08:20 AM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
guys, wanna ask. can we change tenure n amount after we started one? I want to add amount. or rduce tenure period
|
|
|
Feb 18 2013, 06:00 PM
|
Senior Member
572 posts Joined: Nov 2005 From: In The Garage
|
QUOTE(Ulysses @ Feb 12 2013, 08:20 AM) guys, wanna ask. can we change tenure n amount after we started one? I want to add amount. or rduce tenure period Cannot simply do like that, either cancel the loan or make full settlement. If you using Maybank Islamic loan, you can cancel the previous loan & resubmit new application with your desire need.For my pov, it better doing longest term with higher limit but that also depend with your repayment capability. |
|
|
Feb 19 2013, 07:24 PM
|
|
Senior Member
2,822 posts Joined: Sep 2010 From: Georgetown, Penang
|
QUOTE(acexii @ Feb 18 2013, 06:00 PM) Cannot simply do like that, either cancel the loan or make full settlement. If you using Maybank Islamic loan, you can cancel the previous loan & resubmit new application with your desire need. noted. For my pov, it better doing longest term with higher limit but that also depend with your repayment capability. last few days, i met bank officer..yea, they said it isnt possible. yep, i want to doing longest term with highest limit.. but not now..wait until i got stable job |
|
|
Feb 20 2013, 01:04 AM
|
Junior Member
239 posts Joined: Jan 2011
|
have any1 cancel asb loan before?
lets say u take a asb loan of 100k when u cancel the asb loan what exactly happens to : 1. total monthly payment u have been paying for x years 2. loan amount 100k 3. dividend generated by asb from 100k |
|
|
Feb 20 2013, 04:41 PM
|
|
Senior Member
572 posts Joined: Nov 2005 From: In The Garage
|
QUOTE(kripton888 @ Feb 20 2013, 01:04 AM) have any1 cancel asb loan before? Which bank do you take the loan? lets say u take a asb loan of 100k when u cancel the asb loan what exactly happens to : 1. total monthly payment u have been paying for x years 2. loan amount 100k 3. dividend generated by asb from 100k For Maybank Islamic, not penalty on early exit or cancelation. Others refer to loan agreement 1. use the ammotization table but it may not 100% accurate but you can figure it roughly 2. loan will be cancel. How much you will get back depend on your principal amout (calculate with ammo. table) 3. Dividend, yours to keep |
|
|
Feb 24 2013, 07:19 PM
|
|
Junior Member
239 posts Joined: Jan 2011
|
QUOTE(acexii @ Feb 20 2013, 05:41 PM) Which bank do you take the loan? thanks i think i got it. yea exit fee is different for different banks.For Maybank Islamic, not penalty on early exit or cancelation. Others refer to loan agreement 1. use the ammotization table but it may not 100% accurate but you can figure it roughly 2. loan will be cancel. How much you will get back depend on your principal amout (calculate with ammo. table) 3. Dividend, yours to keep |
|
|
Mar 14 2013, 09:04 PM
|
Junior Member
233 posts Joined: Dec 2009
|
hi guys need some advise here,
should i take a asb loan?? -at the moment im saving around 1k every month in my asb acc. Im 24yo and have no commitment 'at the moment' but planing to buy a car next year and mayb in 2 years time a house. So should i take the asb loan or i should just continue saving without taking the loan . . thanks This post has been edited by OnOne: Mar 14 2013, 09:12 PM |
|
|
Mar 14 2013, 11:34 PM
|
Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
|
QUOTE(OnOne @ Mar 14 2013, 09:04 PM) hi guys need some advise here, asb loan will affect your credit rating in future esp when applying housing loan. In my opinion, you should continue the savings. should i take a asb loan?? -at the moment im saving around 1k every month in my asb acc. Im 24yo and have no commitment 'at the moment' but planing to buy a car next year and mayb in 2 years time a house. So should i take the asb loan or i should just continue saving without taking the loan . . thanks final decision is yours |
|
|
Mar 15 2013, 10:43 PM
|
|
Junior Member
233 posts Joined: Dec 2009
|
QUOTE(davinz18 @ Mar 14 2013, 11:34 PM) asb loan will affect your credit rating in future esp when applying housing loan. In my opinion, you should continue the savings. thanks for the reply final decision is yours |
|
|
May 4 2013, 09:03 PM
|
|
Junior Member
18 posts Joined: Oct 2005
|
QS : If you could refinance your house loan and get additional $$ would this be better then taking an ASB loan. ASB loan is generally ~ BLR-1.5, and Home loans are BLR-2.3 or approximately. The only additional cost is the lawyer fees for re-financing your house?
|
|
|
May 4 2013, 09:50 PM
|
|
Senior Member
832 posts Joined: Sep 2012 From: Richmond, Oakland hills
|
QUOTE(davinz18 @ Mar 14 2013, 11:34 PM) asb loan will affect your credit rating in future esp when applying housing loan. In my opinion, you should continue the savings. Davinz18,final decision is yours It only will effect your CCRIS when you have any late payment, ASB-loan is more recommend to paid via manual at bank counter in case the auto deduction do not in place due to some issue. Yes, it will effect your ability to apply for housing loan. |
|
|
May 5 2013, 01:40 PM
|
Senior Member
2,140 posts Joined: Mar 2011
|
QUOTE(OnOne @ Mar 14 2013, 09:04 PM) hi guys need some advise here, If you can commit RM 1k/month for 25 years.. And will not cash out the profit for 25 years, U may consider to take RM 180k loan..should i take a asb loan?? -at the moment im saving around 1k every month in my asb acc. Im 24yo and have no commitment 'at the moment' but planing to buy a car next year and mayb in 2 years time a house. So should i take the asb loan or i should just continue saving without taking the loan . . thanks |
|
|
Jun 5 2013, 10:23 PM
|
|
Junior Member
42 posts Joined: Jun 2013
|
U r so lucky, still young and can maintain 1k mthly for your saving.
Depends on your planning how. Me prefer saving but now im late oledi here my saving..to motivate me. http://brunialamira.blogspot.com/ as i said..im so late now..but still prefer saving for asb. before i oledi make the lasb, but terminate due need more cash on hand. |
|
|
Jun 9 2013, 02:13 PM
|
|
Senior Member
4,228 posts Joined: Dec 2008 From: Klang
|
QUOTE(nelanga @ Jun 5 2013, 10:23 PM) U r so lucky, still young and can maintain 1k mthly for your saving. It's never too late. Depends on your planning how. Me prefer saving but now im late oledi here my saving..to motivate me. http://brunialamira.blogspot.com/ as i said..im so late now..but still prefer saving for asb. before i oledi make the lasb, but terminate due need more cash on hand. I save same amount as yours with own money too, monthly. Didn't withdraw them once so far. The awareness is important. Save up, plan your spendings. This post has been edited by solsekuin44: Jun 9 2013, 02:15 PM |
|
|
Jun 9 2013, 02:30 PM
|
|
Junior Member
42 posts Joined: Jun 2013
|
QUOTE(solsekuin44 @ Jun 9 2013, 02:13 PM) It's never too late. I save same amount as yours with own money too, monthly. Didn't withdraw them once so far. The awareness is important. Save up, plan your spendings. you r more saving than me.gld 2u |
| Change to: |  0.2258sec
 0.73
 6 queries
 GZIP Disabled
Time is now: 1st December 2025 - 07:56 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.