Feb 22 2011, 01:27 PM
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? as i want to bring forward the didvidend..or else it will takes ages for my asb to reach its max by saving 1k++ per month...
Looking at the MBB repayment table, for current BLR rate, and assume same BLR for 20 years, for RM995 per month you can get a RM155k.
Say asb divident is 7% a year:
save RM995/month for 20 years
asb value at year 20: RM508,045
Total investment= RM995*20*12= RM238,800
Dividend: 508,045-238,800=RM268,245
Put RM155k on ASB, and continue paying banks at RM955
asb value at year 20: RM599,801
Total payment to bank: RM995*20*12= RM238,800
Dividend: RM361,001
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