It is.

As per the examples I have shown above... that is the difference of about 0.55% and 0.7%. For every 0.1%, every RM100,000 loan, you are gifting RM100 a year to the bank.

So imagine in the first year, your loan outstanding is RM200,000, the difference between your current rate and the new rate is 0.7%, you are easily losing RM1,400 just because of in action. And that is just for the first year, this repeats all the way (with reducing amount of outstanding) for the next 30 years

Current best rate with takaful is 4.85%, and without takaful is 4.9%

Let me know if any of you guys would like to make changes to your current ASB financing