Dec 19 2011, 03:19 AM
simple. Based on my experience, I took maybank 80k, RHB 80k. These are
what I've been doing for 1 year++.
QUOTE
Bank: Maybank - Amount Loan : RM80,000.00
20 years tenure / Monthly repayment - RM470.00
RM470 x 12 months (1 year) = RM5,640.00
RM470 x 240 months (20 years) = RM112,800.00
Total Interest: RM32,800.00
Dividend (if let say 8% whole 20 years) :-
Yearly = RM80,000.00 x 8% = RM6,400.00
Total Dividend :-
RM6,400 x 20 years = RM128,000.00
Total Profit (after 20 years and if you take out the dividen) :-
We earned RM15,200.00 and RM80,000.00 inside our ASB.
Result / Conclusion :-
1st year = monthly repayment was painful for me, but after I got the dividend,
I've settled all 2nd year re-payment. This method will be continue for the
remaining re-payment for the next 18-19 years.
20 years tenure / Monthly repayment - RM470.00
RM470 x 12 months (1 year) = RM5,640.00
RM470 x 240 months (20 years) = RM112,800.00
Total Interest: RM32,800.00
Dividend (if let say 8% whole 20 years) :-
Yearly = RM80,000.00 x 8% = RM6,400.00
Total Dividend :-
RM6,400 x 20 years = RM128,000.00
Total Profit (after 20 years and if you take out the dividen) :-
We earned RM15,200.00 and RM80,000.00 inside our ASB.
Result / Conclusion :-
1st year = monthly repayment was painful for me, but after I got the dividend,
I've settled all 2nd year re-payment. This method will be continue for the
remaining re-payment for the next 18-19 years.
QUOTE
Bank: RHB - Amount Loan : RM80,000.00
20 years tenure / Monthly repayment - RM534.00
RM534 x 12 months (1 year) = RM6,408.00
RM534 x 204 months (17 years) = RM108,936.00
Total Interest: RM28,936.00
Why 17 years only? Haaaaa.... There's one HUGE different between
RBH vs Maybank, RHB offered me, FIRST 3 YEAR I don't have to pay
any single cent. Therefore, my yearly interest starts on the 4th year.
Dividend (if let say 8% whole 20 years) :-
See below calculation.
Nice? Think about it, the 1st 3 years you never touch the asb dividend.
1st year: RM80,000.00 + RM6,400.00 = RM86,400.00
2nd year: RM86,400.00 + RM6,912.00 = RM93,312.00
3rd year: RM93,312.00 + RM7,465.00 = RM100,777.00
4th year (when you need to pay RM6,408.00 yearly) : RM100,777 + RM8,062.00
January on the 4th year, you'll received RM8,062.00 as your yearly dividend.
RM8,062.00 - RM6,408.00 = Earned RM1,654.00
Total Profit (after 17 years and if you take out the dividen) :-
We earned RM28,188.00 and RM100,777.00 inside our ASB.
Result / Conclusion :-
It's a very good deal BUT we must be very patient with this plan. Not involving
any personal money. Yeah, it's like FOC service. Hehe.
Btw, I took their service when they did a promotion, hence interest might be20 years tenure / Monthly repayment - RM534.00
RM534 x 12 months (1 year) = RM6,408.00
RM534 x 204 months (17 years) = RM108,936.00
Total Interest: RM28,936.00
Why 17 years only? Haaaaa.... There's one HUGE different between
RBH vs Maybank, RHB offered me, FIRST 3 YEAR I don't have to pay
any single cent. Therefore, my yearly interest starts on the 4th year.
Dividend (if let say 8% whole 20 years) :-
See below calculation.
Nice? Think about it, the 1st 3 years you never touch the asb dividend.
1st year: RM80,000.00 + RM6,400.00 = RM86,400.00
2nd year: RM86,400.00 + RM6,912.00 = RM93,312.00
3rd year: RM93,312.00 + RM7,465.00 = RM100,777.00
4th year (when you need to pay RM6,408.00 yearly) : RM100,777 + RM8,062.00
January on the 4th year, you'll received RM8,062.00 as your yearly dividend.
RM8,062.00 - RM6,408.00 = Earned RM1,654.00
Total Profit (after 17 years and if you take out the dividen) :-
We earned RM28,188.00 and RM100,777.00 inside our ASB.
Result / Conclusion :-
It's a very good deal BUT we must be very patient with this plan. Not involving
any personal money. Yeah, it's like FOC service. Hehe.
higher/lower than certain people now. Depends on the bank rate on that time.
Age range below 25 years old better go for ASB loan. Less liquidity. Actually
it's very subjective, certain people will take out the dividend, certain people
just let it grow inside account. Dizzy, to many calculation i did since 2AM, for
house, car, asb, gold, silver and so on. Error may occur
Im not a good adviser, you may go to the bank to ask for a consultant.
This post has been edited by ayil: Dec 19 2011, 04:58 AM
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