Aug 29 2014, 10:29 AM
QUOTE(rafe001 @ Aug 29 2014, 10:22 AM)
These are two scenarios:
1) Invest own money - rm600 monthly for 25 years. End of 25 years your ASB will be rm548,903.66 (8% interest)
2) Take ASB Loan rm100,000 for 25 years. End of 25 years your ASB will be rm684,847.52 (8%interest) (rm600 monthly repayment)
Conclusion: Take ASB Loan. Difference of rm135,943.86 is huge. Why wait, go to the nearest Bank and Apply now.
Calculations done using Compound Interest Calculator
Own money - Not leveraged, but higher margin 1) Invest own money - rm600 monthly for 25 years. End of 25 years your ASB will be rm548,903.66 (8% interest)
2) Take ASB Loan rm100,000 for 25 years. End of 25 years your ASB will be rm684,847.52 (8%interest) (rm600 monthly repayment)
Conclusion: Take ASB Loan. Difference of rm135,943.86 is huge. Why wait, go to the nearest Bank and Apply now.
Calculations done using Compound Interest Calculator
ASB LOan - Leveraged returns, but lower margins
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