ASB loan

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ASB loan, worth to get it???

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Zen-X	Dec 23 2016, 12:13 AM Return to original view \| Post #1
Regular Senior Member 1,238 posts Joined: Feb 2006	QUOTE(syirbiznatch @ Dec 22 2016, 11:56 PM) How to get RM100k in 5 years using ASB » Click to show Spoiler - click again to hide... « 1) Apply ASB Loan RM200K for 30 years 2) Pay monthly around RM1,098 for 5 years 3) Do not use year end dividend. Be discipline for the sake of RM100k 4) End of 5 years tenure, sell ASB. 5) Dividend accumulated = RM93,866.00 Cash obtained = RM15,828.00 Profit = RM109,694.00 *Bonus RM9k This one consider ASB flip? RM1,098 x 60 months = RM 65 880 = you need to pay this amount to the bank. RM109,694.00 - RM 65 880 = RM43 814
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