Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

 ASB loan, worth to get it???

views
     
Fun_ent2607
post Aug 31 2018, 09:40 AM

New Member
*
Junior Member
44 posts

Joined: Apr 2018
Hi all, long time not involved in this forum,

I have a few questions regarding asb, hopefully someone can explain to me.

1. How to calculate dsr?
2. Is it dsr base on net salary or gross salary?
3. Do bank consider dividen as income?

Below is my monthly commitment.
Fixed Salary RM 2500

Commitment
1. ASB - RM 313 (50K) 2y8m already
2. Personal Loan - RM 150
3. CC Installment - RM 247
4. Takaful Medical Insurance - RM 150

Do I need to include 🏠 rental too?

I'm planning to grab another asb loan 50k or 100k by end of this year.

Thank you in advance for your kindness to help newbie like me.
Fun_ent2607
post Aug 31 2018, 12:05 PM

New Member
*
Junior Member
44 posts

Joined: Apr 2018
QUOTE(JJKTP @ Aug 31 2018, 11:37 AM)
May i know what medical insurance that you got?
*
Prudential Takaful Malaysia...sign up during promotion, as I remember late 2015.

QUOTE(ezrachan @ Aug 31 2018, 10:33 AM)
Hi @Fun_ent2607 the answer for ur questions:

1. Formula to calculate DSR is (your current monthly commitment + new commitment) divide by ur net income mutiply with 100%

2.net salary

3.Yes, for cimb we will calculate your current ASB as a additional income together with your future dividend (the new ASB loan)

For Cimb, gross income below 3k, your DSR should not more than 60%. If your gross income above 3k it will calculate based on 85% DSR

Commitment only with bank, insurance and rental not included.

I assume your net income is rm2500, so your new ASB loan monthly payment around rm270 for 50k asb loan. Your DSR calculation would be

[(313+150+247+270)/2500] x 100%
=39.2%

You are still eligible to apply. Even for 100k asb loan.

Sifu, correct me if I'm wrong.
*
Waaa arigatooooo sifu...I never know that bank also will calculate future dividen as income too..
Fun_ent2607
post Sep 5 2018, 11:13 AM

New Member
*
Junior Member
44 posts

Joined: Apr 2018
Sorry for out of topic, can we increase cc credit limit using Asb dividend?
Fun_ent2607
post Sep 5 2018, 11:30 AM

New Member
*
Junior Member
44 posts

Joined: Apr 2018
QUOTE(JJKTP @ Sep 5 2018, 11:18 AM)
You mean taking ASB dividend as your income?
*
Eemhhh, currently I have CC with Maybank. My CL is 6K. So many people said that ASB dividend count as income (80%). So any chance they can increase my CL? Early this year dividend received around 6.5k.

Dividend (80%)/12 = RM 433

Will bank consider this one as additional income to increase my CL?
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0258sec    0.47    7 queries    GZIP Disabled
Time is now: 10th December 2025 - 07:51 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.