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> ASB loan, worth to get it???

ding_dong
post Apr 6 2008, 01:34 PM


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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???

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jack2
post Apr 6 2008, 02:00 PM


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ASB loan is offering to Bumi only. So I am not sure about it.
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goolie
post Apr 6 2008, 02:09 PM


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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..
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globalvibes
post Apr 6 2008, 02:11 PM


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yes , u have to be a bumi to enjoy the ASB loan scheme
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dreamer101
post Apr 6 2008, 07:36 PM


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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..
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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

interest around 6++ and ASB reture around 7-8%

is it worth to take it???

which one better RHB or Maybank???
*
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

This post has been edited by dreamer101: Apr 6 2008, 07:50 PM
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ding_dong
post Apr 6 2008, 11:50 PM


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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%???

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dreamer101
post Apr 7 2008, 12:43 AM


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QUOTE(ding_dong @ Apr 6 2008, 11:50 PM)
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%???
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ding_dong,

<<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
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Darkchild11
post Apr 7 2008, 01:22 AM


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QUOTE(ding_dong @ Apr 6 2008, 01:34 PM)
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???
*
The are pro's n cons taking the Asb loan from RHB n Maybank..

If u take the Asb loan with Rimau bank u pay more compare to RHB bank coz Maybank insist that u take the MRTA Insurance unlike RHB where u need not take insurance for the loan.However RHB lock in period for the loan is 5 years unlike Maybank which is only 1 year.I took mine with Maybank but thinking of switching to RHB..
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mooze
post Dec 10 2008, 09:34 PM


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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
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nanbade
post Dec 10 2008, 10:29 PM


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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.
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bluffy83
post Dec 11 2008, 10:53 AM


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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
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zcatz
post Dec 11 2008, 11:06 AM


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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?
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atake
post Dec 11 2008, 12:27 PM


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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.
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darkknight81
post Dec 11 2008, 12:56 PM


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<<<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 whistling.gif

This post has been edited by darkknight81: Dec 11 2008, 12:57 PM
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dcs*
post Dec 12 2008, 05:04 PM


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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.
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  whistling.gif
*
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.

This post has been edited by dcs*: Dec 12 2008, 06:17 PM
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YuNGSeNG
post Dec 12 2008, 06:42 PM


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Just curious, is the dividend of ASB always 7-8% ?


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darkknight81
post Dec 12 2008, 08:02 PM


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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
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YuNGSeNG
post Dec 12 2008, 09:20 PM


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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 ?
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dcs*
post Dec 12 2008, 09:36 PM


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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).
Wondering what is the disadvantage or risk of ASB ?
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The only disadvantage would be applicable for non-bumiputra's. For bumi's, no risk/disadvantage at all only advantages.
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YuNGSeNG
post Dec 12 2008, 09:57 PM


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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.
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darkknight81
post Dec 13 2008, 12:37 AM


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QUOTE(YuNGSeNG @ Dec 12 2008, 10:57 PM)
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.
*
Of course ... for those who are greedy and want fast return they won consider ASB at all....What is 7 % per annum ??

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 wink.gif now is almost 13 years already ... Every you can reciv dividend which is higher than FD... At least can hedge against inflation
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YuNGSeNG
post Dec 13 2008, 11:10 AM


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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 ??

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  wink.gif now is almost 13 years already ... Every you can reciv dividend which is higher than FD... At least can hedge against inflation
*
So, are you mean the best investment (long term investment but not speculation) for bumiputera will be ASB ?
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darkknight81
post Dec 13 2008, 11:32 AM


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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
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Vieri777
post Dec 15 2008, 03:15 PM


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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
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darkknight81
post Dec 15 2008, 05:06 PM


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QUOTE(Vieri777 @ Dec 15 2008, 04:15 PM)
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%  = 5.15%

Somemore loan is REDUCING BALANCE !! and bear in mind, dividend is compounding. I think this is a very2 good deal indeed.
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Yup provided you are bumi nod.gif
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Syd G
post Dec 15 2008, 05:49 PM


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2008 return is 8.75 sen/unit. I'm not sure how much is dividend and how much is bonus.
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afique
post Dec 15 2008, 07:40 PM


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7% divident and 1.75% bonus. a slightly lower than last year punya divident and bonus.
Anyway thanks to PNB and our G rclxms.gif
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QD_buyer
post Dec 15 2008, 08:26 PM


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under 18 eligible to apply this loan ? biggrin.gif
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Syd G
post Dec 15 2008, 10:34 PM


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QUOTE(afique @ Dec 15 2008, 07:40 PM)
7% divident and 1.75% bonus. a slightly lower than last year punya divident and bonus.
Anyway thanks to PNB and our G rclxms.gif
*
Bonus is pretty worthless. 7% dividend only?

Bonus is only good if uve been maintaining stable balance for the past 10 years or so shakehead.gif
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Hadey
post Dec 16 2008, 07:20 AM


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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.
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Syd G
post Dec 16 2008, 09:24 AM


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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 smile.gif



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Vieri777
post Dec 16 2008, 09:33 AM


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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. icon_rolleyes.gif

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Syd G
post Dec 16 2008, 10:54 AM


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Vieri,

Hi. Appreciate your thoughts smile.gif 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.

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Vieri777
post Dec 16 2008, 05:49 PM


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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 tongue.gif

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. whistling.gif

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
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darkknight81
post Dec 16 2008, 09:23 PM


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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 tongue.gif

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.  whistling.gif

think about it laa bro, why Gov dont open to non-bumi ? why only ASB got loan ?
*
nod.gif 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 sweat.gif "

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
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Hadey
post Dec 16 2008, 09:30 PM


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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
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darkknight81
post Dec 16 2008, 09:45 PM


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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
*
doh.gif 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....
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Hadey
post Dec 16 2008, 09:57 PM


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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
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darkknight81
post Dec 16 2008, 10:04 PM


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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.....


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Hadey
post Dec 16 2008, 10:56 PM


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OK i see.. so thats the correct calculation for it.. Thanx man
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Vieri777
post Dec 17 2008, 11:02 AM


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leverage bro.....leverage.
thats why its worth it.

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Syd G
post Dec 17 2008, 03:57 PM


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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
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Vieri777
post Dec 17 2008, 06:11 PM


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those are very good rates, indeed !
take the lowest rate, as much as u can afford..
n watch the money grow !! thumbup.gif



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Darkchild11
post Dec 18 2008, 01:15 AM


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QUOTE(Syd G @ Dec 16 2008, 09:24 AM)
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 smile.gif
*
Agree with u on this.. I'm glad i did the OD too.. biggrin.gif
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ttwangsa
post Dec 18 2008, 01:37 AM


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QUOTE(Syd G @ Dec 17 2008, 03:57 PM)
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
*
on tuesday,
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.
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Syd G
post Dec 18 2008, 08:29 AM


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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 whistling.gif


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.. biggrin.gif
*
This only works if you do hv a decent sum of dough to start with, else the ASB loan is the only other option smile.gif

This post has been edited by Syd G: Dec 18 2008, 08:30 AM
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Vieri777
post Dec 18 2008, 10:00 AM


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QUOTE(Darkchild11 @ Dec 18 2008, 01:15 AM)
Agree with u on this.. I'm glad i did the OD too.. biggrin.gif
*
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 ?
hmm.gif

compared apple to apple, which gives better return ? hmm.gif

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


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Darkchild11
post Dec 19 2008, 04:46 AM


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QUOTE(Vieri777 @ Dec 18 2008, 10:00 AM)
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 ?
hmm.gif

compared apple to apple, which gives better return ?  hmm.gif

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
*
My OD with RHB is BLR - 0% n My OD with CIMB is BLR - 1% ..For me the % rate for Applying OD by Pledging ur ASB cert is quit Good...Off course like Syd said u need to have a decent amount to start..Roughly around 12k at least..
My OD amount very small.. tongue.gif ...If i'm not mistaken only if ur OD is above 150k or 200k Cant remember but i read it in my offer letter then only there is a commitment Fee..
Other charges..just the processing fee...and ETc which should cost u around $150 i think...
OD definatly gave me more Flexibility....
Some people are even Combining the ASB loan with the OD the get more return from their ASB investment...

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Syd G
post Dec 19 2008, 09:12 AM


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ASB loan Maybank BLR-2? I called my personal loan officer smile.gif

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 smile.gif
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ttwangsa
post Dec 19 2008, 06:18 PM


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QUOTE(Syd G @ Dec 19 2008, 09:12 AM)
ASB loan Maybank BLR-2? I called my personal loan officer smile.gif

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 smile.gif
*
2 minutes ago i called 1 300 66 88
http://www.maybank2u.com.my/site_functions...us.shtml#callus
QUOTE
Maybank Group Customer Care
(24 hours daily, including holidays)
Tel: 1-300-88-6688
(for domestic customers)
603-7844 3696
(for overseas customers)
pressed 1 for Malay Language
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?

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tonyek
post Dec 20 2008, 01:19 AM


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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.
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eizshah5
post Dec 20 2008, 09:03 AM


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dont go for ASB loan if want to loan below 100k... not worth...
bank charges + interest.. not so much diff.. with ASB Interest + dividen....
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tonyek
post Dec 21 2008, 02:25 AM


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QUOTE(eizshah5 @ Dec 20 2008, 09:03 AM)
dont go for ASB loan if want to loan below 100k... not worth...
bank charges + interest.. not so much diff.. with ASB Interest + dividen....
*
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.
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
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luvfun
post Jan 3 2009, 07:54 PM


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wat's the requirement to take asb loan ?
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YuNGSeNG
post Jan 3 2009, 08:18 PM


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QUOTE(Darkchild11 @ Dec 18 2008, 01:15 AM)
Agree with u on this.. I'm glad i did the OD too.. biggrin.gif
*
May I know OD is it stand for overdraft ?
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luvfun
post Jan 3 2009, 08:26 PM


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wat's the requirement to take asb loan ?
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Seng_Kiat
post Jan 3 2009, 08:41 PM


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what is this year divident? .. biggrin.gif ..
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luvfun
post Jan 3 2009, 08:50 PM


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wat's the requirement to take asb loan ?


Added on January 3, 2009, 8:51 pmwat's the requirement to take asb loan ?

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Darkchild11
post Jan 4 2009, 05:51 AM


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QUOTE(YuNGSeNG @ Jan 3 2009, 08:18 PM)
May I know OD is it stand for overdraft ?
*
Correct.. rclxms.gif
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DannyOP
post Jan 4 2009, 11:52 AM


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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
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beautiful.life
post Jan 15 2009, 06:58 PM


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QUOTE(Seng_Kiat @ Jan 3 2009, 08:41 PM)
what is this year divident? .. biggrin.gif ..
*
Yes. what is the dividend & bonus for year 2009??
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anmc86
post Jan 16 2009, 09:39 AM


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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 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... «

*
i m curious that in ASB, is it no compound interest there????if got, it is not rm7k per month.but more than that..

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Seng_Kiat
post Jan 28 2009, 01:21 AM


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any one here has the information about repayment amount versus period for maybank/rhb/cimb??? mind to share? ..
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quistinehan
post Jan 28 2009, 05:04 PM


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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....
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Seng_Kiat
post Jan 29 2009, 02:55 PM


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anybody know the rate for this loan from maybank/cimb/rhb? anybody have the monthly payment for this?
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mzaidi
post Jan 29 2009, 03:03 PM


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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%.
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Seng_Kiat
post Jan 29 2009, 03:06 PM


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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?
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DenshaOtoko
post Jan 29 2009, 10:00 PM


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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? blink.gif

One thing, I had read somewhere in the website (forgot where already.. blush.gif ) 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... biggrin.gif
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mazhard
post Apr 28 2009, 09:47 PM


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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? blink.gif

One thing, I had read somewhere in the website (forgot where already.. blush.gif ) 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... biggrin.gif
*
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) .

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



icon_question.gif
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vondutch
post Apr 29 2009, 01:40 AM


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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
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ttwangsa
post Apr 29 2009, 08:38 AM


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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? blink.gif

One thing, I had read somewhere in the website (forgot where already.. blush.gif ) 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... biggrin.gif
*
you read wrongly la,
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
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koopa
post Apr 29 2009, 04:15 PM


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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.



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ttwangsa
post Apr 29 2009, 07:45 PM


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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




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vondutch
post Apr 30 2009, 03:40 PM


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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.

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.
*
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?
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ttwangsa
post Apr 30 2009, 05:04 PM


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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.




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imax80
post Jun 4 2009, 10:50 PM


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the loan only suitable for those who dont have discipline to save money
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post Dec 21 2009, 09:49 AM


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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 nod.gif
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solsekuin44
post Mar 21 2010, 09:46 PM


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QUOTE(imax80 @ Jun 4 2009, 10:50 PM)
the loan only suitable for those who dont have discipline to save money
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Totally agree nod.gif
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myvi5949
post Mar 22 2010, 01:48 PM


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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.
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solsekuin44
post Mar 23 2010, 06:47 PM


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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.

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.
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Auto debit is it? Will there be any extra charge? This is better I than going to a post office or banks every month wink.gif
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cagar11th
post Mar 24 2010, 03:48 PM


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QUOTE(imax80 @ Jun 4 2009, 10:50 PM)
the loan only suitable for those who dont have discipline to save money
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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... brows.gif
if u have extra money always can top-up money to grow ur investment.... thumbup.gif


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solsekuin44
post Mar 24 2010, 04:04 PM


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But that's if the dividend stays the same right? What about the BLR? If it goes up in future?
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gark
post Mar 24 2010, 04:34 PM


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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....
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... brows.gif
if u have extra money always can top-up money to grow ur investment.... thumbup.gif
*
Aiyo, these people always easily get conned by bank. Go do your own calculations lah.

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. sweat.gif icon_idea.gif

This post has been edited by gark: Mar 24 2010, 04:41 PM
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solsekuin44
post Mar 25 2010, 10:16 AM


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The bank won't easily give you 200,000 if they gain nothing wink.gif
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post Mar 26 2010, 11:20 AM


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QUOTE(gark @ Mar 24 2010, 04:34 PM)
Aiyo, these people always easily get conned by bank. Go do your own calculations lah.

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.  sweat.gif  icon_idea.gif
*
moral of the story....in 20years...u ll have savings RM100K++...........and ASB dividen like 2009 is 8.55%....every year dividen 7%-8%.....

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..................



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gark
post Mar 26 2010, 11:29 AM


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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%.....

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..................
*
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. drool.gif Look at the calculation of my last reply. laugh.gif

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post Mar 26 2010, 11:57 AM


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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.  drool.gif Look at the calculation of my last reply.  laugh.gif
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yeah correct...but not all people have 100K @ 200k cash to invest.....if u got big cash...then go on.....

rclxms.gif rclxms.gif
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post Mar 26 2010, 01:00 PM


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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.....

rclxms.gif  rclxms.gif
*
No one is asking you invest 200k cash lumpsump. doh.gif . 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. whistling.gif Don't get conned by bank easily. sweat.gif

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solsekuin44
post Mar 26 2010, 01:08 PM


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QUOTE(gark @ Mar 26 2010, 01:00 PM)
No one is asking you invest 200k cash lumpsump.  doh.gif . 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.  whistling.gif Don't get conned by bank easily.  sweat.gif
*
Wow, big difference yeah? hmm.gif
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gark
post Mar 26 2010, 03:18 PM


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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. brows.gif

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 % rclxub.gif 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. doh.gif shakehead.gif

Sigh, so many falls for this.... whistling.gif. 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. laugh.gif )

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post Mar 26 2010, 03:35 PM


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QUOTE(gark @ Mar 26 2010, 01:00 PM)
No one is asking you invest 200k cash lumpsump.  doh.gif . 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.  whistling.gif Don't get conned by bank easily.   sweat.gif
*
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.....

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...... cry.gif cry.gif 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........

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imax80
post Mar 26 2010, 04:14 PM


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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.
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post Mar 26 2010, 07:44 PM


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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.....

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...... cry.gif  cry.gif 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........
*
Omels,

Investment is easy, just set up your bank to auto deduct lar.... think of RM 800k, sure can already. thumbup.gif 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.... sweat.gif

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post Mar 26 2010, 08:32 PM


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paying ASB loan RM200K wif dividen for 25 years? 25 years later RM200K might worth the same wif RM20K today hmm.gif


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post Mar 26 2010, 08:47 PM


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QUOTE(gark @ Mar 26 2010, 07:44 PM)
Omels,

Investment is easy, just set up your bank to auto deduct lar.... think of RM 800k, sure can already.  thumbup.gif 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....  sweat.gif
*
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.....

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post Mar 26 2010, 08:54 PM


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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. laugh.gif

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post Mar 26 2010, 09:13 PM


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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.  laugh.gif
*
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".... rclxms.gif rclxms.gif
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hazleen
post Mar 26 2010, 10:30 PM


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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.
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post Mar 27 2010, 12:00 AM


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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.




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golum
post Mar 30 2010, 05:20 PM


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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??
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mars1069
post Apr 4 2010, 11:05 PM


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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 rclxub.gif

Hope 1 day PM will announce all Malaysians can enjoy the benefit of ASB coz we are 1 Malaysia now wink.gif
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imax80
post Apr 5 2010, 04:38 PM


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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 rclxub.gif

Hope 1 day PM will announce all Malaysians can enjoy the benefit of ASB coz we are 1 Malaysia now wink.gif
*
may the parent mix marriage malay + portugis
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mars1069
post Apr 5 2010, 07:41 PM


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QUOTE(imax80 @ Apr 5 2010, 04:38 PM)
may the parent mix marriage malay + portugis
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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 wink.gif need to dig my Kamus Dewan to check the meaning of "Bumi" sweat.gif
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cheahcw2003
post Apr 5 2010, 09:11 PM


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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 wink.gif need to dig my Kamus Dewan to check the meaning of "Bumi" sweat.gif
*
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.
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mars1069
post Apr 6 2010, 12:40 AM


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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 biggrin.gif 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 blush.gif sorry ah blush.gif
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otherwise
post Apr 6 2010, 04:24 PM


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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.
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cheahcw2003
post Apr 6 2010, 10:12 PM


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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.

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.
*
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 details
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*7*
post Jul 30 2010, 02:37 AM


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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.  drool.gif Look at the calculation of my last reply.  laugh.gif
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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
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.
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gark
post Jul 30 2010, 08:36 AM


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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
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.
*
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...


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? whistling.gif



This post has been edited by gark: Jul 30 2010, 09:01 AM
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masami
post Jul 30 2010, 08:59 PM


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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
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*7*
post Jul 30 2010, 09:26 PM


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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...


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?  whistling.gif
*
so confident ah you? rolleyes.gif 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 whistling.gif
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gastacopz
post Jul 30 2010, 09:36 PM


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QUOTE(*7* @ Jul 30 2010, 09:26 PM)
so confident ah you?  rolleyes.gif  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  whistling.gif
*
a bit confused here....why should deduct for own abs investment??? hmm.gif
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*7*
post Jul 30 2010, 09:45 PM


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QUOTE(gastacopz @ Jul 30 2010, 09:36 PM)
a bit confused here....why should deduct for own abs investment???  hmm.gif
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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
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gark
post Jul 30 2010, 09:45 PM


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QUOTE(*7* @ Jul 30 2010, 09:26 PM)
so confident ah you?  rolleyes.gif  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  whistling.gif
*
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. whistling.gif


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. laugh.gif

This post has been edited by gark: Jul 30 2010, 10:04 PM
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masami
post Jul 31 2010, 07:35 AM


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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.
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gark
post Jul 31 2010, 08:38 AM


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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. rclxms.gif
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gastacopz
post Jul 31 2010, 06:21 PM


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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
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forextor
post Sep 7 2010, 04:26 PM


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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.
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babyruffkins
post Jan 6 2011, 06:51 PM


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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.
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
*
tonyek,
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.
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skyz91
post Jan 15 2011, 03:02 PM


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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).

https://spreadsheets.google.com/ccc?key=0An...djMGJqcXc&hl=en

Check it out for yourself.
*
thanx for the info bro..
after reading this i got a lot of future planning in ASB Loan..
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mentalmuz
post Feb 19 2011, 04:09 AM


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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...


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?  whistling.gif
*
Calculation 1
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? thumbup.gif
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azraeil
post Feb 19 2011, 02:50 PM


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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
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gastacopz
post Feb 19 2011, 04:30 PM


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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).

https://spreadsheets.google.com/ccc?key=0An...djMGJqcXc&hl=en

Check it out for yourself.
*
aku da tgk ...betul ker untung buat loan nieyh??? hmm.gif hmm.gif hmm.gif
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mr_nobigdeal
post Feb 19 2011, 06:48 PM


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guys, which bank is better, CIMB or RHB or Maybank for this loan?
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fahrur_07
post Feb 19 2011, 08:49 PM


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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
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iamfine1983
post Feb 20 2011, 05:02 AM


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QUOTE(fahrur_07 @ Feb 19 2011, 08:49 PM)
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
*
ASB is basically a free money from the gov.
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JiJai
post Feb 20 2011, 04:24 PM


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QUOTE(fahrur_07 @ Feb 19 2011, 07:49 AM)
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
*
fahrur,
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%).


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Oldskolboyz
post Feb 20 2011, 04:32 PM


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QUOTE(mentalmuz @ Feb 19 2011, 04:09 AM)
Calculation 1
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? thumbup.gif
*
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.

This post has been edited by Oldskolboyz: Feb 20 2011, 07:57 PM
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fahrur_07
post Feb 20 2011, 04:43 PM


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QUOTE(JiJai @ Feb 20 2011, 04:24 PM)
fahrur,
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%).
*
owh..so i must go the maybank branch to get the new amount of monthly payment.thanx jijai thumbup.gif
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mentalmuz
post Feb 21 2011, 12:04 PM


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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!
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tan888
post Feb 22 2011, 08:21 AM


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ASB loan(easy to saving up to 200k) - better never touch the dividend smile.gif

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.. smile.gif

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gastacopz
post Feb 22 2011, 09:46 AM


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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...
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Oldskolboyz
post Feb 22 2011, 12:24 PM


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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:

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!
*
Just wait loorrr, as I know BLR keep increasing & PNB 100 storey building on the way..
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ICDeadPeople
post Feb 22 2011, 01:27 PM


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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???

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...
*
Since you are already commited RM1k/month, why not take the asb loan than?
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













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putih
post Feb 22 2011, 01:43 PM


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QUOTE(ICDeadPeople @ Feb 22 2011, 01:27 PM)
Since you are already commited RM1k/month, why not take the asb loan than?
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
*
Can you touch the principal of RM155K before fully paid the bank loan i.e. 20 yrs?
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ICDeadPeople
post Feb 22 2011, 02:33 PM


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No unfortunately. but you can touch the dividend, though its not advisable.
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kaffra
post Feb 27 2011, 04:45 PM


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QUOTE(ICDeadPeople @ Feb 22 2011, 01:27 PM)
Since you are already commited RM1k/month, why not take the asb loan than?
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
*
you can only invest up to 200k for asb
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zcatz
post Mar 1 2011, 12:24 PM


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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
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poreh
post Mar 3 2011, 10:59 PM


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can somebody explain to me where does BLR's effect on calculation? rclxub.gif


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).

https://spreadsheets.google.com/ccc?key=0An...djMGJqcXc&hl=en

Check it out for yourself.
*
i got questions regarding your 'loan' column.

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?

icon_question.gif

This post has been edited by poreh: Mar 4 2011, 02:41 AM
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manBREASTer
post Mar 5 2011, 10:52 AM


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is maybank the best for asb loan? how about rhb?
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dviana
post Mar 30 2011, 04:24 PM


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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 Maybank

but 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 biggrin.gif )

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)



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Nakedesigner
post Mar 30 2011, 08:22 PM


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QUOTE(imax80 @ Jun 4 2009, 10:50 PM)
the loan only suitable for those who dont have discipline to save money
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totally disagree..its for future savings... smile.gif
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Gigantic
post Apr 4 2011, 02:14 AM


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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?
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cybermaster98
post Apr 4 2011, 08:24 AM


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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:

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!
*
But best would be to dump in 200K (if you have the money) and get the dividends every year right?
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Gigantic
post Apr 4 2011, 10:57 AM


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Where can I check the dividend for previous years?

Is there any other safe investment around?
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ah_suknat
post Apr 4 2011, 12:39 PM


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QUOTE(Gigantic @ Apr 3 2011, 06:14 PM)
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?
*
that would be the "best scenario"

inflation 30 years later will take your 2 million as little as today's value of 1 million (or less) rclxub.gif rclxub.gif
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playerseeker
post Apr 4 2011, 01:42 PM


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i think 8% - 6% (inflation) = 2% interest for best scenario......

after 20 years should be around 310k after inflation...

is my calculation right??
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pengejar
post Apr 10 2011, 04:55 PM


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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.
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ah_suknat
post Apr 10 2011, 09:36 PM


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QUOTE(playerseeker @ Apr 4 2011, 05:42 AM)
i think 8% - 6% (inflation) = 2% interest for best scenario......

after 20 years should be around 310k after inflation...

is my calculation right??
*
no way inflation is at 6 percent! that would make a lot of low risk investment schemes obsolete....
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fahrur_07
post Apr 27 2011, 12:24 AM


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try this one from rhb

http://forum.lowyat.net/topic/1852833
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danielmckey
post May 23 2011, 02:39 PM


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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?
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mohdshafie00
post May 26 2011, 06:13 PM


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asb loan from cimb, can do early settlement right?any penalty?
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fahrur_07
post May 30 2011, 09:44 PM


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now blr has increased, hopefully dividen for this year also will increase to cover the blr...
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ah_suknat
post Jul 1 2011, 09:57 AM


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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 sad.gif

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fahrur_07
post Jul 2 2011, 02:05 AM


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rhb asb loan stop already meh?

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ah_suknat
post Jul 4 2011, 05:24 PM


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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
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fahrur_07
post Jul 4 2011, 06:26 PM


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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...late
just plan to take asb loan from rhb for short term investment
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ah_suknat
post Jul 5 2011, 01:23 AM


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i am going to ask from maybank and rhb tomolo, seems that these 2 banks are the most popular for asb loans

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ideoteque
post Jul 5 2011, 07:01 AM


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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
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just go ahead and take the most maximum! if you can afford the instalment for the first year!
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rokai88
post Jul 5 2011, 03:21 PM


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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
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ah_suknat
post Jul 5 2011, 04:33 PM


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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
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ak.hazwan
post Jul 8 2011, 06:14 PM


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I think Maybank offer da best. BLR-1.65 & 25 Years Tenure. & also the only one with Islamic financing ~
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backspace66
post Jul 10 2011, 02:21 AM


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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?
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ah_suknat
post Jul 10 2011, 03:33 PM


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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
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coinstar
post Jul 13 2011, 12:25 PM


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QUOTE(rokai88 @ Jul 5 2011, 03:21 PM)
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
*
pls check again as CIMB only offer max tenure of 20 yrs

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
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Zazz90
post Jul 13 2011, 01:34 PM


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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.
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strange
post Aug 1 2011, 11:01 PM


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if anyone interested to apply asb with maybank , pls pm me smile.gif
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snigapoe
post Aug 1 2011, 11:14 PM


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mind to share how is the asb work actually?
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fahrur_07
post Aug 2 2011, 01:17 AM


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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
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snigapoe
post Aug 2 2011, 08:58 AM


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QUOTE(fahrur_07 @ Aug 2 2011, 01:17 AM)
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
*
the dividen we will be getting after the maturity period?
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OneBuck
post Aug 2 2011, 09:47 AM


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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.
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snigapoe
post Aug 2 2011, 09:52 AM


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QUOTE(OneBuck @ Aug 2 2011, 09:47 AM)
Loan maturity? No.

You can collect after PNB declared dividend every year.

It will be credited into your ASB passbook.
*
so it means that as long as i still have money in asb i will be getting deviden everyyear until i withdraw it?
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OneBuck
post Aug 2 2011, 10:10 AM


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Yes, money make money thumbup.gif
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fahrur_07
post Aug 2 2011, 10:53 AM


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QUOTE(OneBuck @ Aug 2 2011, 10:10 AM)
Yes, money make money  thumbup.gif
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yeah..
you can use the dividen you get to pay for next year monthly installment

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snigapoe
post Aug 2 2011, 01:49 PM


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sound interesting, but i guess no luck for nonbumi?
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ah_suknat
post Aug 2 2011, 05:14 PM


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QUOTE(snigapoe @ Aug 2 2011, 05:49 AM)
sound interesting, but i guess no luck for nonbumi?
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ASB - Amanah Saham BUMIPUTRA

you guess it right
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strange
post Aug 2 2011, 06:22 PM


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yeps, only for bumi smile.gif
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Rashdan
post Aug 11 2011, 07:56 PM


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QUOTE(fahrur_07 @ Aug 1 2011, 06:17 PM)
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
*
So the RM100k will not show up in your ASB book?
I was a little worried after updating my ASB book for the first time (after a few years) and it only showed RM17,000.
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SANGKANCIL2000
post Aug 15 2011, 09:09 PM


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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
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Nama saya Amad
post Aug 15 2011, 10:07 PM


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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.
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ak.hazwan
post Aug 29 2011, 11:09 AM


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QUOTE(strange @ Aug 1 2011, 11:01 PM)
if anyone interested to apply asb with maybank , pls pm me smile.gif
*
Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN? sad.gif


QUOTE(fahrur_07 @ Aug 2 2011, 10:53 AM)
yeah..
you can use the dividen you get to pay for next year monthly installment
*
Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k rclxms.gif

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Nama saya Amad
post Aug 29 2011, 12:57 PM


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QUOTE(ak.hazwan @ Aug 29 2011, 11:09 AM)
Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN?  sad.gif
Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k  rclxms.gif
*
they already hold it? damn, was about to take the islamic loan shakehead.gif since i heard that the islamic loan doesn't have the lock in period biggrin.gif
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ethalion
post Aug 31 2011, 09:55 AM


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I heard from 1 of ma fren...when u ald have asb loan..it will effect ur housing loan..is that true..
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littlegirlfromkl
post Aug 31 2011, 10:40 PM


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QUOTE(ding_dong @ Apr 6 2008, 01:34 PM)
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???
*
How to get it?
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rokai88
post Sep 9 2011, 01:56 AM


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QUOTE(ak.hazwan @ Aug 29 2011, 11:09 AM)
Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN?  sad.gif
Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k  rclxms.gif
*
since there is an issue on syariah compliance for asb fund so now maybank only offer conventional loans


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 smile.gif

This post has been edited by rokai88: Sep 9 2011, 01:59 AM
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polemic
post Sep 12 2011, 01:53 PM


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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..
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neobita
post Sep 13 2011, 12:28 PM


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QUOTE(polemic @ Sep 12 2011, 01:53 PM)
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..
*
Loan Taken: RM65,000.00
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) smile.gif

hope that helps. This is just a rough calculation. Kindly approach an expert on the matter before making any transaction.
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polemic
post Sep 13 2011, 01:29 PM


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QUOTE(neobita @ Sep 13 2011, 12:28 PM)
Loan Taken: RM65,000.00
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) smile.gif

hope that helps. This is just a rough calculation. Kindly approach an expert on the matter before making any transaction.
*
Thanks for the reply bro.

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 drool.gif
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neobita
post Sep 13 2011, 03:39 PM


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QUOTE(polemic @ Sep 13 2011, 01:29 PM)
Thanks for the reply bro.

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  drool.gif
*
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. nod.gif
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polemic
post Sep 13 2011, 03:52 PM


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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. nod.gif
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Thanks bro for d advice, really appreciate it rolleyes.gif
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neobita
post Sep 14 2011, 08:58 AM


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QUOTE(polemic @ Sep 13 2011, 03:52 PM)
Thanks bro for d advice, really appreciate it  rolleyes.gif
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kindly refer to a more experienced asb player before you make any transaction, as I'm quite new to this as well nod.gif
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polemic
post Sep 15 2011, 08:44 AM


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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  nod.gif
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Yup, will do thumbup.gif
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rokai88
post Sep 18 2011, 11:32 PM


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any chance cimb going to give the 25 years loan for asb?
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post Sep 20 2011, 07:07 PM


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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


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 smile.gif
*
hi.. let say im still a student. so housing loan is still far away.

is it advisable to get this loan
starting at 30k.



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ah_suknat
post Sep 21 2011, 12:05 AM


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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%
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cheahcw2003
post Sep 21 2011, 12:21 AM


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QUOTE(ak.hazwan @ Aug 29 2011, 11:09 AM)
Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN?  sad.gif
Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k  rclxms.gif
*
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.
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mikro
post Oct 1 2011, 09:58 PM


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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.
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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 tongue.gif
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MSS
post Oct 1 2011, 11:15 PM


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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  tongue.gif
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I don't think so.
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uzer85
post Oct 5 2011, 01:05 AM


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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~ tongue.gif

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imissknow
post Oct 5 2011, 10:09 PM


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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.
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ak.hazwan
post Oct 6 2011, 03:12 PM


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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!
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AtMostFear
post Oct 7 2011, 02:53 PM


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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.
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clearcase
post Oct 7 2011, 03:00 PM


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i guess it will only be shown on the annual statement
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ak.hazwan
post Oct 7 2011, 03:28 PM


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Or you can liase with PNB, direct Check
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cheahcw2003
post Oct 7 2011, 04:48 PM


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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
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bursalchemy
post Oct 12 2011, 11:30 PM


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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?
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rosdi1
post Oct 13 2011, 12:05 AM


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QUOTE(bursalchemy @ Oct 12 2011, 11:30 PM)
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?
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I think you can only take ASB loan to buy/Invest in ASB and the share is being used for collateral.
If you can get the ASB loan , you don'