Mind to share why Maybank Islamic "HOLD" all application for ASBLOAN? 
Great Magic money rite? Invest RM13k 1st year, then wait 25 years, get 200k 

Im still thinking wanna take loan for ASB or not. As one of participating bank for ASB I can get staff loan of BLR-2%. Do u think it is worth it?

Staff loan bro..

My wife will be Maybank Shari'ah staff early next year. Wonder if the rate will be significant compared to normal citizen like us.

She is delaying her application for 200k loan for a moment. Whatever the differences, it should worth to wait we guess.

I heard banks staff get some "special rate" for all loans compare with customer 

Looking at current situation, I think there's would be some upward change in BLR rate next month    Be prepared to pay more or longer period for your ASB loans 

I got special staff rate of BLR - 2% for ASB loan.
As for housing loan, it is BLR - 4%. Based on agreement, there is no such thing as need to work for 5 years or 30 years. You pay off, you can resign from the bank. Simple as that.

And I'm not from Yellow Bank.

I know there will be special rate. I am more curious on how much the nett difference offered compared to normal citizen.

Oh they would cancel the CC if you stop investing your money into their FD? That is super lame.

Hurm. On the other hand, I know people who have business loans are given CC for free. Problem is, for this story, the CC and business loan was attached to Bank Islam. BIMB forgot to mention to the Chinese business owner that the CC is no-good for use in non-halal places. So this fella brought his friends/partners/clients to a non-halal place to belanja, and upon payment, the card got declined. Drop water face.

Also, for the mortgage-FD pledging, hardly that the bank would cancel the mortgage, I do not think it was linked in that sense. Not too sure about CC though.

Sorry going tangent, we really should go back to ASB discussion although this is somewhat related (wanted to know if ASB dividend can be used to supplement income for CC application)

Your case is similar to mine though I took ASBf from a different bank. I too cancelled my loan on 2/1 in KL (took initially at my hometown), the KL branch told me it could take months.

I did follow up at HQ (different from both branches) to know the current status; told that still in validation and the process should end on/around 13/2. Waiting now, if still no progress well.. ready to mengamuk😆

Not sure about your concerns, but I'm think you will get back all your principal payments.

Can elaborate further on 'manage' the loan selloff?
Think I'll only deal with the HQ since the cancellation already 'in validation' as in the system.
Not long now..around 10 days until 13/2. We shall see lulz.

Monthly repayments are just that.. Minimum.. You can always pay separately/extra towards the principal.

By the way... 2.5 months to dividend!

Anyone stoked yet?

think hlb got up to 35? even longer even better 

When I bought my car circa 2012 I used part of the ASB distribution income to supplement my income that are used to calculate my debt-service-ratio

I guess you had a bad experience with bankers that are too lazy to calculate it manually. The bankers can have the system to auto calculate your DSR based on the income shown in your EPF and/or slip gaji. But to add additional income such as rental and investment dividends you would need to do more work.

I am not saying that that banker was lazy and/or incompetent, but I have material proof that ASB distributions can be use to supplement your income
The banker should know better. but then again, bankers' CCRIS report of the loan applicants' accounts are very limited. they can only see:

1. type of loan
2. outstanding
3. loan limit (loan size)
4. repayment schedule

In the type of loan, for ASBF it would show "term loan" or something, it has been a while since I last saw it. But it doesn't say "ASB FINANCING". So if the banker is not familiar with ASBF, especially non-Bumiputra bankers, you would have to go out of your way to educated  them

Stock market keep dropping everywhere. But you don't see asb loan rate being reduced by a lot. Could end up with lower dividend than bank interest. Rather than take loan, its better to deposit the money into asb directly using your own money

Doesnt apply to all banks. MBB, HLBB, and CIMB for example will not reduce your installments if the changes in the installment is lower than RM50 compared to previous ones

I understand your concerns. But you have to understand that the interest payable is still being lowered accordingly, on a daily-rest (on the same day the BR is reduced) while the installment remains the same. I notice that these concerns are highlighted when investors do not fully understand the components of the installment which are:

a. interest payable
b. loan repayment

When the interest is reduced, instalment is kept the same, your loan repayment increased, thus your tenure is shortened.

I do not mean to scoff at anyone's financial literacy, but the fact that you compared the installment being the same to the FD return rates suggests that you are missing the connection. You cannot compare the FD rates to the installment - FD returns are in the form of interest, which is charged to the bank by the depositor. You need to compare that to the interest charged to you by the bank. These are comparable in that the bank borrows money from the depositors and pay them interest; while you are borrowing money from the bank and pay them interest

Funny thing:

a. People who invest in FD gets a return of about 3.50%
b. ASBF customers borrow from the bank at about 4.50%
c. ASB gives a yearly return of about 5.50%

Everyone is operating on a margin. If you want to skip all these 'horshit' just skip A and B, avoid paying any interests as well as dealing with "inappropriate moves" by the banks, and invest in ASB in cash. Pardon my French, and have a very good morning!

p/s also, do note that the Islamic terms that I should be using are "financing charges" and "hibah"

I believe the dividen rate for 2020 will be lesser from previous year.. maybe the lower OPR which lower monthly payment will also cannot overcome the of divident receive vs monthly payment.

recently got offered by bank officer from bank muamalat, asb loan with rate 3.16 + insurance compulsory,  2 years lock in period and 10k investment either cash or epf money for asnb variable fund.