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ASB loan, worth to get it???
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Ziax
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 Sep 17 2014, 02:14 PM
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New Member
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I have an enquiry.
Currently, I'm taking 100k loan for 25 years. I have been paying rm600/month for the past 2 years. I have used the dividend i got from first year to pay for the 2nd year instalment.
I was wondering what if I stop the loan financing? Do I get the sum that I have been paying for the past 2 years?
I was told by Maybank staff , I wouldn't get back the amount paid to the bank.
But if I pay full for 25 years, I would get 100K?
I'm a bit confused. what if that person decided to stop the financing 12.5 years after taking up the loan? He wouldn't get 50k?
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Ziax
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Sep 17 2014, 05:11 PM
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New Member
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QUOTE(navink @ Sep 17 2014, 03:14 PM) There is no such thing as you won't get a thing. When you pay monthly, you are paying interest and principal. So where does this principal goes? The officer is cheating you. Try this way, you mentioned to the officer that you want to cancel the loan and increase it to certain amount. You would like to get refund for the current loan or else you'll refer to another officer. Sure the officer will help you one. Thank you  . At least this information shed me some light. QUOTE(potenza10 @ Sep 17 2014, 04:54 PM) I took 200k loan for 20yrs with maybank and stop after servicing 2 years. Total refund i get including insurance termination is about 5.8k... only 5.8k? that is nett value? i thought of terminating my loan and get the principal and use that principal obtained to cover loan for 200k for asb. guess I'll have to wait a few more years.. |
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