Depend on your salary. If got excess every month why not? Some sort of force savings.

I'm more surprised with SOME people buying phone more than their monthly salary 

because i want to put more money to earn dividend first. In order to use that dividend to cover up my burden to buy a new phone.

For a long term game, it's quite the same with ANY other loan. Car, Mortgage, etc. Which is, the shorter the better. We give money to the bank lesser.

But people who are taking long tenure ASBf is looking at short term game, i.e. to exit after 3 years. People don't take 30 years to finish 30 years. 

So, if its short game you're looking, take long tenure. If you want to finish, take the shortest you can (or want to) pay.

Is this normal? So ppl usually terminate their loan and sign up with another for a lower interest rate?

How long does the approval take? Need to be physically present at the bank?

I've some questions.
Was that 3.85% rate fixed for the entire tenure?
And how long does it take to get the loan approved?

Hi guys, I am new in this forum
I am currently doing ASBF since 2019 with RM70k loan with max tenure installment (35 years)

On 1st April 2022, I went to CIMB bank and request for termination and last week before raya got follow up with the officer and she said I got shortfalls and bank cannot close my ASB account yet. I need to pay the amount of shortfalls first.

Btw, my sister also terminated her ASBF and got no issues since we both taking the same bank at the same time.

someone can clarify this?

only stated principal outstanding is RM9++ something.

My sister got RM4++ principal outstanding but it turn to RM0 by itself after 1 weeks
Dia cakap dia tk bayar pun yang outstanding tu. dia hilang sendiri.

masa termination tu, sy dengan dia pergi branch yang berasingan dan dia proceed untuk cancel tu 2 minggu awal dari sy.

Hi guys any better rate currently for asbf ? Existing loan is at 3.7% after the recent blr increase. Is it worth it to continue paying ? Tq

some bank provide lowest interest rate if apply with takaful. just take it and request for min takaful period which is 5 years. It will not add much into your principal amount. Around 80-100. So not too worry. But you must notify the banker you are requesting for min takaful period if not they will charge the max period. This will take about 2-3 years only than will your installment deduct the principal amount of your loan.

which bank ?

just to share an insight/opinion of 2022 asb distribution. Because of the recent increase opr (3 times now) we may see a higher distribution this year. My best guess its over than 6%. So guys dun panic and terminating your asbf.

We may see more increment of opr in few month ahead.

u guys maintaining your asbf or planning to cancel?

checked my interest rate its at 4.6% now luls