Hi guys. For ASB financing/ loan. Can pm me. Currently ambank are giving 4.75% for ASBf. Promo rate until 31st December 2017.

The products not in the market.

Is it ok if friend of mine who is not bumi, pump money to my asb acc then the dividen share 20:80?
She got the 80%..

Any news on ASB2 dividend?

how much interest need to pay to the bank?untung only 2-3% boh...that's mean rugi RM387K but get RM1.6 million?Ringgit depreciation some more...

Firstly, there are 2 returns involved in ASB loan, one is dividend & bonus, while the other is surrender value.

As promised, below is the calculation of net return for the 1st year:

- Assuming a 200k loan was taken in Jan last year without takaful @ 5% interest while dividend for the year is 7%.

- Monthly repayment for a 30-yr tenure is RM1,074 so for the first year he/she has paid RM12,888 (1074x12).

- As for the dividend that they received in early Jan this year, it was 7% of 200k which is RM14,000.

- Hence difference of RM1,112 (14000-12888) between dividend and 1st yr instalment is one of the returns that they received at the end of the first year.

- In addition, there's also surrender value (principal amt) involved which is accumulated along the loan tenure - in this case loan balance after 1 yr is about RM197,049 therefore surrender value at the end of first year was 200k minus 197,049 amounting to RM2,951.

- So, to deduce the net return for 1st yr, we take total net return (1112+2951) over 1st yr instalment (12888) which is roughly 31.5%.

Of course, there's risk involved whereby interest and dividend are not fixed - however ASB loan offers flexibility in which it can be terminated anytime without any penalty charges so pretty much no worries on that.

Hopefully this helps, thanks

Do u mean obtained by formula how to get the principal surrender value?

Its very easy to calculate for surrender value just deduct your loan amount with the loan balance.

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U can put this formula into your excel. Hope this can help u.
For easy method just install financial calculator apps then go to loan calculator, fill the loan details, click calculate and then click amortization. The amortization time table will show the interest, principal and loan balance.

May i know, asb loan is stated in ctos report or not?

May i know, asb loan is stated in ctos report or not?

Thanks! Done read given link. She stated that asb loan counted as monthly commitment in ccris report. But no info bout ctos.

Banks look at both ccris and ctos. Ccris reflects the loans taken from financial institutions which include ASB loan. On the other hand with ctos, we’re able to check if there’s any non payment with non financial institution eg telcos, bankruptcy status, company ownership etc.

what are the cons of this loan?

That's what I'm saying. There's no way taking loan is better in this kind of case. You'd be surprised to know how many people are that privileged

But the thing is, when you take the loan, you're exposing yourselves to the risk of losing money due to interest payment. Same can't be said if you invest using your own money. Whatever you put will definitely turns into profit for you

Why so many of you feeding the troll?

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10 days the quickest if you know how to push your banker

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But it takes planning, and timing and banker has to know beforehand your target To disburse by month end. If they really want your business they can do it

missing Amount and tenure

....... He is a "useful idiot" to me. Keeps the thread bumped too.

It's a win win situation I guess

I find that it is easier to reply and/or respond than to write out of the blue. That is why I have lots of posts here but almost nothing on my site.

Same goes with videos. Much easier and/or motivated to respond to the posts/questions than to make some out of the blue.

This is the content creation method that i will use going forward. Then i will cross posts to other platforms i am on

Hi, I've noticed there's a few ASB sifus here. I have a question for ASB Loan. I'm planning to take one but I have already have a house loan. So my current income is RM3000 and my house loan is RM2,097.

1) Would I be eligible to apply for ASB loan? Which would be suitable for me?

2) Last year I check my DSR is too high since my salary is lower. Currently which bank accept the lowest DSR for ASB Loan?