Just went to see Maybank ASB loan promo n I think its very attractive.
1-3yrs = BLR - 1.45% = 5.05%
Thereon..BLR-1.30% = 5.20%

Somemore loan is REDUCING BALANCE !! and bear in mind, dividend is compounding. I think this is a very2 good deal indeed.

This post has been edited by Vieri777: Dec 16 2008, 06:03 PM

typical. already get free money but still wanna complain. only 7% lah, lousy bonus lah. please wake up n realise that this is FREE MONEY and RISK FREE. try n go see the queue when PNB launch any funds that is open to non-bumi as well. i guarantee you if they also open ASB to non-bumi, it will be finished in a blink !!!

by taking a loan means you get to leverage and you are compounding your leverage by about 7-8% interest every year ! u think got loan for ASW2020 ? ASM ? why u think only got loan for ASB ? still complain ka ?
think about it....

apologies if i sound too harsh, but sometimes it just get on my nerves.
no offence intended.
peace.

This post has been edited by Vieri777: Dec 16 2008, 09:38 AM

SydG,
isnt the capital guaranteed by Gov? doesnt that mean zero-risk? of course return is not guaranteed but what was the lowest return ?ASB can be savings plan/retirement plan/education for kids but definitely not for u to take out dvd n go shopping

key points...
-dvd is compounding n loan is reducing.
-ASB will kira dvd based on lowest monthly balance.
-n dont forget LEVERAGE !
-opss ONE more....loan is insured !

for a 25yr 100k loan, monthly is 611 now...run that on excel and see what happens.

think about it laa bro, why Gov dont open to non-bumi ? why only ASB got loan ?

This post has been edited by Vieri777: Dec 16 2008, 06:02 PM

leverage bro.....leverage.
thats why its worth it.

those are very good rates, indeed !
take the lowest rate, as much as u can afford..
n watch the money grow !!

i thot OD rate is quite high ? plus commitment fee ? other charges ?
n not much leverage plus you need to already have a good amount of capital first ?


compared apple to apple, which gives better return ?

Maybank...First 2yrs, BLR-2 ? where did you get this bro ?

CIMB...i oso got the same rate as ttwangsa. called them up 2 minutes ago.
First 3yrs-5.15%, Thereafter...BLR-1.3%
or First 5yrs-5.35%, Thereafter...BLR-1.3%
MinLoan 10k Max 200k
MinTenor 5yrs Max 20yrs
LockUp=3yrs....exit penalty=3.5% x LoanAmount
After 3yrs....1% x Prepymt Amount


This post has been edited by Vieri777: Dec 18 2008, 10:28 AM