what is this year divident? .. ..

any one here has the information about repayment amount versus period for maybank/rhb/cimb??? mind to share? ..

anybody know the rate for this loan from maybank/cimb/rhb? anybody have the monthly payment for this?

let say maybank branch kl, the rate is 4.2%. If you go to other maybakn branch, say in johor, is the rate is still the same?

ASB is a good option for bumi .. over the years, it never give divident below 7%. Most of them in 8-9% since last 10 years.

Based on my calculation (and realistic, 7% divident average for next 25 years), loan RM200k for 25 years will make you a millionaire once the loan finish. Of course, no withdrawal and keep paying +- RM1200/month (threat it as saving).

Year Amount Dividen Amount After Dividen
1 200000.00 1.07 214000.00
2 214000.00 1.07 228980.00
3 228980.00 1.07 245008.60
4 245008.60 1.07 262159.20
5 262159.20 1.07 280510.35
6 280510.35 1.07 300146.07
7 300146.07 1.07 321156.30
8 321156.30 1.07 343637.24
9 343637.24 1.07 367691.84
10 367691.84 1.07 393430.27
11 393430.27 1.07 420970.39
12 420970.39 1.07 450438.32
13 450438.32 1.07 481969.00
14 481969.00 1.07 515706.83
15 515706.83 1.07 551806.31
16 551806.31 1.07 590432.75
17 590432.75 1.07 631763.04
18 631763.04 1.07 675986.46
19 675986.46 1.07 723305.51
20 723305.51 1.07 773936.89
21 773936.89 1.07 828112.47
22 828112.47 1.07 886080.35
23 886080.35 1.07 948105.97
24 948105.97 1.07 1014473.39
25 1014473.39 1.07 1085486.53

Guys,

Can we see our ASB loan under Loan in Maybank2U?

Cool .. Thanks bro .. ..

I signed my ASB loan about 10-11 days ago but still dont see under Loan Section in ASB .. ..

yup .. PNB is processing .. just get an update from my sale person .. .

thanks bro ..

admafham_aziz

This post has been edited by Seng_Kiat: Jun 24 2013, 03:54 PM

so fast changing mind ... ..

For me, ASB loan is good with this mindset: "susah susah dahulu, senang senang kemudian". Pay the loan for 1st year and wait for 24 years to get money. .

I have a tips not "too struggle" in first year. If you want to get ASB loan, mid year is always the best time to get it.

Some wonder why?
Answer is you actually pay half of monthly commitment but it takes one and half a year.

Some wonder how?
Pay monthly commitment with dividend in second year.

Some still wonder how?
My calculate is when apply in June 2013 and my first payment will be due in July. July-December 2013, you are earning dividend. I myself took 200k loan for 25 years and paying RM1190 monthly till December. In early January 2014, I will get dividend, say 8%, I will have RM8000.

Use the dividend as monthly "subsidy". RM8000/12 = RM666

So, my payment on January-December 2014 that I USE MY OWN MONEY is: RM1190-RM666 = RM524!

Based on record, January 2015 onwards till the rest of tenure, I spend RM0 of my own pocket and get RM200k at the end of tenure. Sounds a good deal? Definitely!

ASB never fail to pay dividend at least 7-8% a year. Based on record for 20 years, we are pretty safe but anything can happen in the future. As for now, take the opportunity. Malay is a bit lucky in this country. If ASB open to non bumi, I guess, ASB will be fully subscribe in no time. .

As far as I remember, ASB never fail paying at least 8% annually (dividend + bonus). To drop dividend below 5% in next few years is unlikely unless PNB doing really bad in their investment or economy turns to worse in history. So, for next few years, we are pretty safe based on current economy situation. Strategy? read next post.

If BLR raise to a new level, it will not be more than 1-2% to a total of 7.6% or 8.6%. With most bank offering ASB loan at BLR -1.6%, you are paying interest of 6% or 7% (if BLR really raised) which still positive cash flow compare to 20 years of ASB dividend data.

Lets Makes thing the worse ever, BLR raise to 15%, with islamic loan, we are protected by maximum BLR (profit in islamic term) capped at 10.x%. With bank discount on BLR -1.6%, you are actually paying interest about 9%. Even worse, PNB doing bad and ASB dividend drop to FD level, 3.8% p.a, we are in negative cash flow at 5.2%. In terms of business point of view, losing 5.2% is nothing compare to potential profit 1400%!

If the above scenario really happens and you don't like -ve cash-flow, you may always cancel your ASB loan and get your money back (as well as insurance you paid for and of course, pro rated).

Mate,

RM8000 dividend I mentioned in previous post based on 6 months dividend for RM200k loan.

RM200k x 8% dividend = RM16000/year.
6 months = RM8000.

So, my theory is right but getting ASB loan on November is not a good idea. . June-September would be the best time to get based on my own judge. .

I did the same calculation and can settle loan within 8-10 years if no change on the current situation.

Settle or keep the loan is depending on 2 situations:

1. Keep the loan IF dividend + bonus - interest > 0. So, you still getting positive cash flow.
2. Settle the loan IF dividend + bonus - interest < 0 because you have to folk out your own pocket to pay for the month commitment. Thus, negative cash flow is always not a preferred choice.

For me, I will go to option 2 if negative cash flow for 3 years in a row. That's my current plan. .

I just dont get on this part:

Let say I apply 30k loan for 10years right now
Loan commitment : ~RM3xx/month
Finished paying back 30k loan after *3years

at the first place, why do need to loan ASB RM30k where you know that you will have RM30k in next 3 years (I am under my assumption you will have money to make settlement after 3 years out of 10 years loan period)? Please correct me if I misunderstood.

Based on my ASB agent, ASB loan is the most safest investment the bank have. It is because if you don't pay back for 2 months, they will sell your certifcate and get back the money .. as easy as that .. .. So, dont afraid not to get asb loan approved if you dont have any credit record. ASB loan is one of the lubuk duit for banks .. they surely approve even your commitment is 100% .. .

I couldnt agree more!

I believe you still earn 'delay return' which is dividend (unless you terminated on January).

This 'delay return' you will come in your ASB in January Next year. Here is my calculation:

Lets assume dividend given by PNB to ASB funders is 7% per year.
- You will earn about 0.58% / month
- If you terminate on July, you still have dividend from January-June, 6 months.

0.58% x RM200k = RM1166/month x 6 months = RM7000.

In next circle, you will get RM7000 dividend on top of RM5.8k.

Correct me if I were wrong.

I am not sure of ASB limit either 200k or 250k .. If 250k is the limit, you have no issue to top up ..

that sounds a bad plan to me as you will be in debt for 5 years.

The better way is to take the amount you can afford to pay. Eg, RM50k which about RM300 per month. Next year, this existing ASB already finish. So take another RM50k. In 4 years time with RM300 monthly, you will get RM200k in your ASB loan. This is better way than take personal loan for 5 years to get ASB loan 200k. You save 1 year as well as high interest on personal loan.

Cool! ..

By the way=, whats the reason you terminated your loan? 2 years already and you probably not paying the loan from own pocket already.