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 ASB loan, worth to get it???

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dcs*
post Dec 12 2008, 05:04 PM

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QUOTE(darkknight81 @ Dec 11 2008, 12:56 PM)
<<<Dari contoh simpanan ASB RM 100,000 yang terdiri dari Deposit RM 5,000 manakala RM 95,000 pinjaman bank mengikut kadar BLR + 0.5% (iaitu 6.9% setahun) ==> Bayaran bulanan RM 731 untuk tempoh 20 tahun.
Seperti yang diiklan, dividen akan diberi terus kpd anda.
Contoh: dividen 7% setahun, anda akan dapat RM 7,000 setiap tahun. Boleh dibelanjakan apa saja anda suka dan at the end of 20 years, anda akan terima RM100,000 yang boleh digunakan untuk beli rumah, pendidikan anak dan sebagainya.

Cara A - Gunakan dividen untuk bayar semula pinjaman
Hasil pengiraan saya menggunakan software Optimoney, jika dividen 7% setahun atau RM 7,000 itu dibayar semula kpd bank untuk mengurangkan baki pinjaman anda, loan ASB anda dijangka selesai dalam masa 7 tahun 6 bulan dengan jumlah pembayaran penuh hampir RM 120,827 (termasuk deposit RM5,000 dan dividen RM7,000 yg dibayar semula setiap tahun)
Ini bermakna, anda terpaksa membayar RM 120,000 untuk mendapatkan RM100,000 selepas 7 hingga 8 tahun. Untung atau rugi?
Jika anda labur RM 731 ke dalam ASB setiap bulan selama 8 tahun pun, simpanan anda akan menjadi RM 94,260. Campur deposit RM 5,000 yang disimpan utk 8 tahun juga,future value adalah RM 8,590. Total nilai pelaburan anda = 102,850. Dah lebih 100,000 dah.
>>>

You cannot use old blr to compare. For my housing loan offer is BLR - 1.88 = 6.5 - 2.88 = 4.62%
Let assume ASB loan to be 5% ASB RETURN TO be 7% annually. You loan 95 k for 20 years and 5k down payment. That means you got to pay RM 627 Monthly and  RM 7524 annually. With ASB annual return of 7% you will got RM 7000.00 dividend. So basically
7524 - 7000 = 524 that means you got to pay RM 524 Annually. For 20 years = RM 10480

So total you pay RM 5000 + RM 10480 = RM 15480 only....

Look at it this way you pay RM 15480 to get RM 100K in 20 years time....and the rm 15480 is not one lump sum which you can pay monthly....How many percent return?? 645% return in 20 years.....

Government is always helping the bumi... just that the bumi don know how to help themselves Pathetic isn't  whistling.gif
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Just curious, how do you calculate that the monthly payment would be RM627/month based on RM95,000 loan with 5% interest? Not too good with these banking interest calculations.

This post has been edited by dcs*: Dec 12 2008, 06:17 PM
dcs*
post Dec 12 2008, 09:36 PM

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QUOTE(YuNGSeNG @ Dec 12 2008, 09:20 PM)
ASB seem too good if compare with mutual fund or stock market (For investment but not speculation).
Wondering what is the disadvantage or risk of ASB ?
*
The only disadvantage would be applicable for non-bumiputra's. For bumi's, no risk/disadvantage at all only advantages.
dcs*
post Mar 23 2017, 12:06 PM

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QUOTE(haziqnet @ Mar 16 2017, 07:25 PM)
Already pm'ed.
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PM the benefits to me too please, thanks.

 

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