Your missing the point of this loan. Settling the loan is never the intention. In fact, you should always be at max tenure... When you terminate and reapply... Push it back to max tenure...

This is to bring down your monthly repayment cost. Once you've finished abusing the system, cancel and walk away

Thank you! 
Just use the myASNB account, you will even get to see the balance of the number of units that you can buy

Yezza. Because your current unit bercagar is 100k but your unit bole is 90k. So u can apply 90k asbf loan

Please show if you really have 200k+ in your ASB1 account. The reason I am asking is because you have posted multiple troll threads about ASB and ASB-financing, and these account-statements are not difficult to edit. When I advise my clients, some of whom are in this very threads, they are very open about showing me everything - I meet and greet them in person, and go around their myASNB accounts like a detective or a meth professor

As for you? I takut la that you edit2 these things just to give me a gotcha moment. Honestly, given your antics in the other ASB threads, I am quite suspicious of you already. I believe I have said this to you, and I will say it again. If you want to discuss, best to do with respect to each other.

Have a good week ahead.
That would be the number of units available to be invested using financing.

Don't you have one of those older accounts with RM400k limit? I have another client with quite high limits too. these people tend to be older or have opened their accounts decades earlier. He doesn't have any loan investments, but has plenty as cash, if I am not mistaken, about 120k


yeah, the cagar refers to "collateral".
yes, but in any case, we can only get a better idea of the soft cap by checking the current investment amount be it cash/loan. The meth is not difficult, but without the right info, can't really tell anyway

In any case, here is one case-study:

1. A client, for his ASB1 account, has RM170k as certificate (loan), with RM30k as cash



2. on his  myASNB page, it shows that his account has:

a) Unit boleh beli: RM12,665.
b) Unit boleh cagar: RM30,000



3. By doing simple meth, we can determine that:

a) his soft-cap has increased by RM12,665.
b) If he takes out RM30,000 cash investment, his "Unit boleh beli" would be RM42,665
c) His maximum "unit boleh cagar" is RM200,000 like most people

its soft cap hard cap i guess. The expert can advice more.

My opinion.
212k is your total ASB units - 100k loan + 112k cash units.
Your soft cap is much higher 212 + 90k = 302k.
Reason being; you must have made previous transaction(s)/withdrawal(s).
Of course if that's the case you can take another 90k to fill it up to the max.

Dont stress up too much...since its a good thing...just enjoice, look a way to invest more...use the extra quota u have now

Are you sure about this?
I thought only abs2f is limited

Just bought it last month without problem...large amount

They are similar in the form that they both have collaterals.

1a. A mortgage has a collateral (the property) backing the loan, if the customer does not pay the installments on time, the property can be repossessed and auctioned off

1b. An ASB-financing has a collateral (the unit-certificate) backing the loan, if the customer does not pay the installments on time, the ASB-units can be sold

2. They are similar in that they are term loans, and considered as highly long-term liabilities, capped at 30/65-years of age and 35/70-years of age; unlike other loans available to the public such as business and personal loans (10 years), hire-purchase (9 years), and other revolving credit lines like credit cards, overdraft, share margins that have no terms

3. They are similar in that that they have similarly low interest rates of about 4.5% p.a. and 4.9% p.a. Other loans/financing facilities such as the ones listed in point [2] are inflicted much higher interests rates

4. Sure, if we compare the the assets backing the loans/financing, they are completely different, that is a given because they are of different asset classes: property vs unit-trust

a) I should not have to explain that ASB units are liquid, where the funds are withdraw-able in a few days (same-day for ASB) while properties are illiquid, taking about 6-months to dispose

b) I should not have to explain that ASB units are capital-protected, where the capital would remain the same throughout the years, because of its nature as a fixed-price per unit and guaranteed by PNB. On the other hand, properties can experience capital gain and/or loss going forward

c) I should not have to explain that ASB units get their returns from dividends, earned each month based on the monthly-minimum balance in your account, without fail, from which the worst-case scenario in a given a year would be 0% dividend; while for properties the recurring income come in the form of rentals, from which there would be rental-gaps during a transition between tenants, damages that need to be rectified, taxes, maintenance fees, etc.

Yes, there are differences between the collaterals of the two financing/loans, but these are differences between the asset classes that are backing them. I thought I should not have to explain them because I thought you would know them, you sound quite learned. Regardless I had to anyways because apparently you didn't get it.

The comparison between ASB-financing and mortgages was made so would-be property investors are allowed to rethink their decision before investing in properties, when they can instead get an ASB-financing.

In the end of the day, you are just being pedantic. Both are asset-backed financing/loans, and they can be compared for us to see the similarities as well as differences between them. They are not the same, but similar in which a Bumiputra should consider getting one over the other based on his risk appetite, holding power, and general financial situation.

Thanks for giving me the opportunity to reply, and sorry if I sound annoyed. Personal finance is simply my passion and my business.

U can check thru online banking how much u will get back.

I applied with rhb 4.90% with no lock in period. I think Hong Leong Bank is offering 4.85% but since i my application with rhb already approve then lazy to change here n there.

Rhb also can opt without insurance

Islamic loan? can apply for asb2?

hi, I was just noticed that EPF was now allowing members to take out 30% from account 1 to invest the money into their ASB2. I am deciding to apply this offer later after EPF announced 2018 dividend.

Did anybody has tried this offer? I think put money into ASB2 is better than put in EPF because ASB2 did offer higher dividend rate.

Say if i deposit 50k in ASB from my own money then it grows total to 100k as at today.
I can still borrow 200k to deposit in ASB?

how the 200k limit work?

Hi,
I've recently opened ASB account and obtained ASBF 200k from RHB (4.9%) without insurance and paying 1061/mo for 30 years tenure. I will be doing compounding method.
there are some questions that I'd like to ask:
1. How do i achieve highest ROI? and what is OPM?
2. I have read in this thread that I should terminate and re apply 200k ASBF every 3 years. but, is 3 years is really the "most optimal" period? im not sure how that is calculated.. how do i even compare to terminating it in 2nd year, or terminating it in 5th year.. to see which is more profitable...
3. I have additional bullets from my salary to pay for monthly commitment on additional 200k ASBF, 30 years tenure. (another RM1k/mo commitment). what's the best option to utilize this bullet? ASBF proxy? wait for ASB2F? everymonth saving into ASB2 acc?
<problem with myASNB website>
4. I have tried to Register in myASNB website using my IC, and when the website says it has sent TAC code. Problem is, I dont receive the TAC code on my phone. I've tried everyday for the past 2 weeks. I've went to RHB counter (ASB Agent) to ensure my phone number is correct. anything else i can do here?

ASB loans is not just about 5% vs 6.5%.

Lemme simplify things for the benefit of new readers. On parameters 30 years loan and 6.5% dividend (adopted from last year). 3 years and I terminate and walk away.

I paid:
1,100 x 12 month x 3years= 39,600 (actually less – I rounded up)
I get:
41,500 (dividend) + 9,000 (amortised) = 50,500

So let’s recap. After 3 years:
Money OUT : 39,600
Money IN : 50,500

There’s no hidden things here. After 3 years when all is said and done if I wanna walk away from this investment i would’ve paid 39,600 to the bank and received 50,500.

That’s 27.5 % Return

And that is in today’s lansdscape. Now there will be some ppl that say dividend rate will drop as they do every year, historically.. yada yada yada.... Even if it drops to 6% you still get the coveted 18% ROI and that’s if the banks don’t revise their rates downward to make it enticing for investors.

Now let’s talk about opportunity cost and strategy. Yeah sure times are bad now. But it won’t always stay this way. So what you wanna do now is appreciate your capital. Accumulate and build up that capital which will ultimately earn you more when things look up. If you’ve built up a size of up to 1m already, just imagine IF things started looking up and ASB dividend goes up to 7% or 8% or even dare I dream to the glory days of >10%

The person that is savvy has positioned himself to earn dividends on 1M whereas the ill-informed and nay-sayers would just then start out at 200k because it looks good NOW. And by the time they've built a sizable capital, the economy dips again. The irony of it all.

If the glory days don’t come back then well.... just be content with your 18-27% returns lah! Tak cukup ah?

Where's the 27% return? I would say asbf ROI still 27% lor... However you cincang it. My calculation don't change mah...

The question is how much is the ROI for own saving? Can beat 27%? I'll let you answer that mate.

Talk is cheap brader... Back it up la... Takut apa bossku?

Being the nice guy that I am, I'll remind you that the dividend is calculated on the lowest balance of that month.

Don't make a rookie mistake and embarrass yourself when or rather if you decide to back it up with figures