So basically, you got 1K for the 2 years investing. As a silent reader you should have been aware that you terminated too early.. Plus extra payments for takaful as well = less principal. Granted, I'm sure you have your reasons being forced to terminate this early. But this is the repercussion and why it's advised against. Basically, as with such loans, the first couple of years, the larger bulk of your monthly payments all go towards paying the bank interest and only slight deductions made from the principal. It's standard bank practice so they recoup their profits as quickly as possible. After-all, they loaned you the money upfront. For best or accurate calculations, better ask the Maybank official in charge, for a breakdown or statement. That should clear things up for you.

Guys, my monthly instalment for asb loan increased effective 1/4/2018.

Can they increase the rate?

Yellow bank.

ASB2 financial year ends in March

Eagerly awaiting for the announcement, hopefully some election ccandy

That is the softcap i was talking about. It is calculated as the total accumulated distributions (mistakenly referred to as dividend) that you have received since the inception of your account

Yes you can invest that figure into your ASB as cash

A number of banks are doing 35 years now, one particular one is doing it with better rates too, at 4.85%.

Historically, CIMB has never given the best rates, be it in mortgages nor ASB-financing. Their cost of funds are simply way too high - highest BR in the market at 4.25%.

CIMB has its strengths (rather easy approval), but interest rates is not it. As a mortgage and ASB-financing broker, CIMB is the last-resort bank. Used only when the clients' applications were rejected by other banks with better financing conditions