Hi, is it possible to revise ASBF? Mine currently is 5.45% (it was 5.2% when I applied back then) and I want that 4.8% without takaful

Or is it the only way is to terminate and apply a new one?

Why risk? Because the dividend might be lower this year? Well usually if the dividend is lower the bank will reduce the effective rate. For example on 2016 the dividend is 6.75%, since then most bank lower their rate from 5.4 to 4.8%.

Dun worry too much when making asbf. If let say one day the interest and the dividend is not relevant anymore just terminate your asb loan and enjoy what u earn so far.

Apply to all client. But still if u apply at high interest (thats because of the spread) ur interest will never be the same like the person who apply at promo rate. Thats because their spread is lower than yours.

For example u apply asbf at 5.2% (spread br+1.3%), when the blr go high to 4.15% so ur new interest will become 5.45%. when the blr go down to 3.9% ur interest will become 5.2% again and so on.

For those who apply at promo rate their spread is lower. At cimb normal spread is 1.3%. Promo spread is 1.1% or 0.9%. Last may 2018 the spread goes down to 0.85%.

Example promo rate is 4.8% (3.9% + br 0.9%) = 4.8%. When the blr increase to 4.15% the interest increase to 5%. If the blr goes down to 3.7% than your new interest will become 4.6%.

However u guys must know, the installment will only change if the difference (after new rate) is more than RM50. If the difference is less than RM50 your installment will remain however your principal will be much higher if the blr goes down and vice versa. Your loan tenure also will be impact either extend or lesser.

Hopefully with this sharing u guys will understand more how the interest is calculate. This interest also apply to other loan facility especially house loan.

Ok guys if have more question just ask.

-haziq-

Nope, you will still get your Jan-July dividend. You might miss on your August dividend though

I am offering

RM50k and above

1. 4.80% p.a with insurance/takaful (5 years tenure)
2. 4.85% p.a without insurance/takaful

Below RM50k

1. 4.90% p.a with insurance/takaful (5 years tenure)
2. 4.99% p.a without insurance/takaful

Let me know if any of you guys are interested.

No it is not. I will reveal only to prospective applicants, upon application only 

Guys, does affinbank consider asb dividend as income?

During application they will want to see your ASB income statement - either downloaded or shown in the book.

Divide that dividend by 12 months, and apply 80% to get this recognized as part of your gross income.

For variable income like dividends, rental, OT, commissions, etc, almost all the banks will not recognize 100% of the income (averaged monthly, for 6 months period) due to its nature of well, being variable.

As such, when calculating your gross income, these variable income is only recognized 80% of its value. 1 big bank in Malaysia in fact only recognize 50% of variable income

RHB

yes you can.  As a broker I offer the services for all banks at NO EXTRA CHARGE for both ASB and ASB2

Currently at 4.85%, it is the best rate in town. 30 years tenure, insurance NOT COMPULSORY (but rate jumps a little to 4.9% which is still better than any other banks)

This is the first time i've heard about asbf refinancing. How does it work? The new bank will settle the outstanding loan amount and just create a new account with matching tenure in the new bank? Or i do it manually as cancelling my existing loan and apply a new loan with lower interest?

It is not so much as a "refinance" like it is with a mortgage refinancing. But it is to close the account with the previous bank which is giving higher rates than the current market rate, and opening a new account with a new bank that is giving the lowest interest rate
For example, if we look at this person' interest rate, he would benefit by closing his accounts with the bank that is currently charging him 5.6% p.a and 5.45% p.a on 2 ASB loan accounts. He applied to open  a single new account with a different bank that is giving him 4.9% p.a. interest. (keep note though, the minimum loan amount to get this rate is RM50k, of which he applied for higher than that)

You need to settle with the current bank first, then reapply for a refinancing from the bank that is offering the lowest rate in the market, which is about 4.9% that I have gotten for my clients

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.

Prudential Takaful Malaysia...sign up during promotion, as I remember late 2015.

This is out of topic, but Prudential BSN Takaful still has medical cards that start from RM120/m~ for adults below 30. I would know. BUt any discussion of this sorts should be done away from this thread.

Sorry for out of topic, can we increase cc credit limit using Asb dividend?

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?

I think as per wildcardmy's reply. Very likely to be considered as 'income' only for mortages. Not CC. I remember reading/hearing about this too. And another funny thing is, I also have asbf with MBB. No delay in repayments every month. Still, I'm not good enough for CC increase and are a risk to them

One MBB staff did tell me though (not sure if it's an excuse or something real), if the loan with MBB is not asbf but a housing loan, maybe can strengthen my case. But all i see is shifting goal posts each time (call me salty if you will ).

wild_card_my Yea, well they would want to earn from us ma, if we only earn from them and not vice versa, 'not good enough customer' . Yea, about the pledging part for one year and cancellation thereafter, I did remember reading somewhere as well, not all bank's allow that and they will apparently cancel your CC line if the FD pledge is removed. Not entirely sure if I remember it correctly. I stand to be corrected though.