ASB loan, worth to get it???
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 Dec 10 2012, 11:28 PM
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#1
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1,203 posts Joined: Dec 2008 
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QUOTE(Ulysses @ Dec 10 2012, 07:18 PM) so fixed deposit = simpan sndiri? NO. FD = Is a type of financial instrument provided by banks. In which the bank provides investors (orang awam / termasuk awak) with a higher interest rate (2.9% ~ 4.05% pa) than a regular savings account (simpanan tetap), until the given maturity date (tarikh matang). |
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Dec 11 2012, 12:08 AM
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#2
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QUOTE(suadrif @ Dec 11 2012, 12:05 AM) its more like a personal loan but the interest is slightly lower the ASB loan from bank quite confusing m not sure how they calculate and come out with the figure so i jz follow the schedule replaymentin term of paying the interest, Yes, u are paying like 80:20 for interest:principal every month the % for the interest will decreasing over years while % for principal will increase for me, i assume all loan repayment method is just the same. This post has been edited by aoisky: Dec 11 2012, 12:09 AM |
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Dec 11 2012, 07:19 AM
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#3
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QUOTE(suadrif @ Dec 11 2012, 12:31 AM) same goes to me. Yup a friend of mine work in banking firm might as well unable to explain to me how the interest calculation he only provide the schedule table and when i asking the calculation formula, i gave me the formula i say wow song long and complex. the interest calculated isn't fix monthly. i wonder sometimes higher sometimes lower. if you read back this thread start from the very beginning you'll may found their provided calculation isn't accurate. other than you follow respective banks' interest schedule and it may change from time to time.i pay as what as been schedule by the bank but if u track back your repayment schedule, every month u were charged interest differently the interest amount is different every single month as for me, my interest every month was like RM250 (January), RM299 (February), RM248 (March), RM287 (April), RM245 (May), RM286 (June) as u can see, the interest is up down up down up down and not consistently decreasing. my repayment schedule is fixed, RM300++ every month and i did create a schedule transaction for that. Added on December 11, 2012, 7:21 am QUOTE(tom_87 @ Dec 11 2012, 06:26 AM) hye...i got a question here...there is someone telling me that now u can withdraw 40% of the ASB loan...is that true? as far as i know ASB loan you can only take out the dividend not the loan amount until you fully settle your loan repayment caused your asb passbook all you can see is your own deposit $ and dividend except the loan amount.and what is BLR? huhu BLR = Base Leading Rate This post has been edited by aoisky: Dec 11 2012, 07:21 AM |
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Dec 11 2012, 07:24 AM
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#4
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QUOTE(Ulysses @ Dec 11 2012, 07:21 AM) Can someone explain me about simpan sendiri vs ASB loan? I read that simpan sendiri has advantage over ASb loan . Is it true? Your Simpan sendiri term here not FD right ?Added on December 11, 2012, 7:23 am it is Base Lending Rate Not really true, it depend how you manage your investment Added on December 11, 2012, 7:25 am QUOTE(Ulysses @ Dec 11 2012, 07:21 AM) it is Base Lending Rate Oops my mistake wrongly spellThis post has been edited by aoisky: Dec 11 2012, 07:25 AM |
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Jun 6 2014, 12:03 AM
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#5
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QUOTE(MEAKU15 @ Jun 5 2014, 11:40 PM) Thanks that is correct.its either I lower the amount or go for longer loan period. Actually ASB is a FREE MONEY investment to Bumiputra, just that you need to think of some simple calculation whether you use your own money to invest or take ASB loan still provide good return. Malaysia government already offer such a good benefit but to Bumiputra only laa. So lets put some effort to workout your calculation. |
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Jun 6 2014, 06:32 AM
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#6
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QUOTE(shrimp.kebab @ Jun 6 2014, 01:57 AM) im fresh grad working for 4 months already. nett 2.5k. if i apply personal loan of 10k do u think the bank will approve? should be no problem, try RHB / MBB / CIMB such a small amount very fast and easy to get approval.no other commitment now other than pay PTPTN. |
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May 1 2017, 10:13 AM
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#7
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QUOTE(haziqnet @ Apr 29 2017, 05:20 PM) Hi just want to share especially to the newbies in ASB. haziqnet what is cimb asbloan rate nowHere is the different between ASB Saving and ASB financing. Look at the timetable below. Any further question can PM me. Thank you. |
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Jul 5 2022, 10:08 PM
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#8
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QUOTE(matyrze @ Jul 4 2022, 12:32 PM) 3.7% with max tenure 40 years or age 70 years old. which bank ? |
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