Screenshot what u saw then

Just check

Bsn asb loan is conventional, no lock in period + conventional insurance is compulsory.

Best rate but if with insurance the ROI will be less

Just check

Bsn asb loan is conventional, no lock in period + conventional insurance is compulsory.

Best rate but if with insurance the ROI will be less

I want to ask all sifus when is the best time to terminate/apply asb loan?

Should I just wait next year when government announce year dividend? Or just straight away go with it?

I have 30k loan right now with maybank @ 5%, planning to go higher and choose other banks with better rates.

hi guys. fresh grad on first paycheck here, confused about a couple of things regarding asb loans:

1. why do people tend to maximize the loan tenure? when i use calculator, despite having a higher monthly commitment, shorter tenure loans in the long run leads to lower total payment. is there something i am missing?

2. i read earlier in this thread that people cancel their loan every 3 years and reapply? this one completely confuses me. won't it be better to fully pay off your loan? how is this viable?

3. now that asb is closed for the year, is it better for me to wait until it reopens for me to apply for the loan? or will i only have to start paying for the loan once asb is opened again?

thanks in advance guys 

http://www.mybsn.com.my/content.xhtml?contentId=513

4.65% for government servant, 4.70% for private sector employee

If the difference is more than 50 yes the installment will be effect. If less than 50 than no increment with the installment
However there is a catch

If the BR increase the principal also will be flunctuate. Thats mean the principal value we get will become lesser.

So far bank sotong doesnt annouce any changes with their BR.

Just want to share new info

Maybank and cimb already increase the new rate from 4.8% to 5.05%

Ambank from 4.75% to 5%

Bsn still didnt get any news yet but im certain they also will increase the BR.

The new rate will effect to all either existing or new asb customer.

However to existing asb customer if after follow the new rate the increment is not above than RM50 then no changes to the installments.

But for the new customer will follow to the new rate which is 5.05% include the installment.

The spread will not change until the end of loan. In asbf loan there is a spread include with the BR.

The spread at cimb is 0.9% + 4.15% (BR).

For example normal rate at cimb is 3.9% + 1.3% = 5.2%
After the increment of 0.25% at the BR 3.9% will change to 4.15% which the total of the new rate include the spread will be 5.45%.

Thats mean 200k installment at 5.2% (30 years) = 1098.22 after the new rate will turn to 1129.31 (different RM31.09) - current asb customer the installment will not increase

While 200k installment at 4.8% (30 years) = 1049.33 after the new rate will turn to 1076.76 (different
RM27.43) - current asb customer the installment will not increase
Ok thats all i want to share for today. Hope u guys will get something from this reading.

-haziq-

Long story short, I left the dividend in there all these years and never touched it.
Took my first 200k loan when i was 24.
After 10 years it grew to 400k (200k cash from dividend)
Then took another loan and transferred the 200k cash to ASW and ASD since no ASB 2 back then. So- 400k ASB sijil + 200k cash in ASD/ASW equals 600k
Transferred to 200k to ASB2 when the fund was created
After 7 years compounding 600k, got another 200k cash. = 400k sijil + 400k cash
ASB2 loan was introduced last year so I took it. Transferred the 200k cash in ASB2 to ASD again
So now is 600k sijil + 4++k cash. Took out almost 100k to renovate my new house so now left 950k


Some facts:
- The figures above are rough approximates.
- Everything here is pure organic growth and injections by way of asbf/asb2. None of my own cash was injected.
- My limit now for asb is essentially 600k now. I can remove say 50k for emergency and put it back later
- 8 years ago, it was possible to take loan up to 400k.they don't allow that now. So you're strategies differ slightly now. Only slightly....
- The years is approximate, I can't remember exactly but it was around year 2000 I think when I just started working.
- I am an average Joe salary earner punching the clock 9-5 with a public listed company. Started out at the end of 1999 after the 1998 economic crash. My starting salary was only 1600. I'm still with  the same company albeit in a very much more comfortable post now.
- The loan installment was 1200 at that time so I only had 400 to spend a month. But I had an understanding gf back then who started work with gomen much earlier than me and pretty much supported me. She is now my wife of 15 years. I repaid her generosity by supporting her when she pursued her PhD. 
- It says 4 funds here, namely ASB, ASB2, ASD & ASW2020. throughout the years, I transfered the funds around. But I don't have any in ASW anymore.
- I employed the terminate and reapply method. Everytime I terminated, I earned back 9-10k surrender value of which I spent as a reward to myself for being disciplined enough to continously pay monthly instalments. Down-payment on my first car - a kancil. Paid for my wedding. Even Stupidly bought a gaming pc costing 10k once which is now practically a door-stopper cum flower pot.

My target is to earn 80k in dividends yearly to support me when i retire. When I die, my son can inherit the Cash.
My last dividend was 41k plus ASB2 coming in march estimated to be 15k and ASD in June estimated to be 6k. So 41 + 15 + 6 = 62k

I'm now 42 so insyaallah I can reach 80k soon since I'm still compounding. That's additional 120k into the pool every 2 years and still going.

Remember the power of OPM. I pay 32k in installments but earn 62k for a nett of 30k. Actually more than that because the 32k a year i pay I will get back in ammortized value (the principal) when surrender.

I don't terminate anymore since once I terminate i cannot apply full 400k loan anymore. Also because my age is 42 so I can't get max tenure anymore thus my monthly repayments will be higher. But I did this religiously when I was younger to treat myself when i get the principal back. sort of a incentive to keep going with this.

Dividend for the 6.5k units will be calculated from Feb onwards since dividend is based on lowest balance every month.

During your refinancing, does it involve settling previous loan and balance with previous bank AND taking up another loan from your recommended bank? It's a simple yes or no question.. You pull out another graph for this...? 

Is anyone else stoked the dividend is only 3 months away?

Im stoked. Hahah..looking at this year klci graph look not too good in my opinion. However we dun know how much it impact to the actual nav price in asb. Hopefully the nav drop is not too significant and pnb still can give the same dividend like last year at least.

However if its still going low, not lower than 6.5 cents. Hehe

1. No one knows if it will or it will not, just a speculation

2. ASNB may not want to have an impression that they are running out of money.

3. They have reserves to cover these shortfalls, that is how ASB fixed funds operate, they always give dividends even when the country's economic outlook isn't too swell

4. I hope they don't cook their books to give us this dividend though, unlike the alleged TH