Guys, need your advice for my current situation. Just opened my ASB2 account last month during the Amanah Saham Week in Tapah. I applied ASB1 and ASB2 loan from two banks MBB and RHB. Thinking to renew ASB1 is because better interest rate 5% compare mine CIMB currently 5.2%.

Currently I have ASB1, details as below :
ASB1
CIMB Loan RM200k
Interest 5.20%
Tenure : 30 years
Monthly installment : RM 1,102.00
Loan Approval date : 4/4/2013
Latest update ASB Baki Buku Semasa (22/4/2016) : RM 43,231.83

Loan offred by
Maybank:
ASB1 : RM200k / insurance RM4408 / 25 years / 5% / RM1098 per month
ASB2 : RM200k / insurance RM4408 / 30 years / 5% / RM1195 per month

RHB:
ASB1 : RM200k / insurance RM1970 / 25 years / 5% / RM1181 per month
ASB2 : RM200k / insurance RM1970 / 25 years / 5% / RM1181 per month

My question is, which loan should I go for????
Some say lower monthly installment is better ROI regardless years tenure.
Some say longer tenure will lower ROI instead.


Need your education, please and thank you!