ASB loan, worth to get it???
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 Feb 19 2011, 08:49 PM
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#1
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl   
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hi
im currently have asb loan with maybank i take 100k loan with maybank for 20 year since oct 2009 at that time, if im not mistake, the BLR is 5.xx (dont remember) if the BLR change, does it mean the monthly payment also will change? currently my monthly payment still same as maybank does not send any letter to me to change the monthly payment... thanx |
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Feb 20 2011, 04:43 PM
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#2
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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QUOTE(JiJai @ Feb 20 2011, 04:24 PM) fahrur, owh..so i must go the maybank branch to get the new amount of monthly payment.thanx jijai I've asked this similar question long time ago, and the answer is yes, your monthly payment should change accordingly with the change of BLR. BLR increases, monthly payment increases. http://forum.lowyat.net/index.php?showtopi...post&p=38529206 If you are paying less than the needed amount, you'd still have to pay for your loan by the time your tenure ends. So the best solution for now IMHO is to change your monthly SI accordingly and PAY back all the yearly outstanding amount from the increase of BLR since the first BLR change. (FYI right now it's standing at 6.30%).   |
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Apr 27 2011, 12:24 AM
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#3
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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May 30 2011, 09:44 PM
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#4
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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now blr has increased, hopefully dividen for this year also will increase to cover the blr...
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Jul 2 2011, 02:05 AM
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#5
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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rhb asb loan stop already meh?
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Jul 4 2011, 06:26 PM
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#6
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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QUOTE(ah_suknat @ Jul 4 2011, 05:24 PM) they still give asb loan but they dont have the first five years no interest paid repayment sccheme promotion anymore haish...latejust plan to take asb loan from rhb for short term investment |
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Aug 2 2011, 01:17 AM
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#7
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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you take the loan eg Rm100k
then bank will put the RM100k in your asb acc in certificate form the certificate will be kept by the bank after finish pay your loan, you will get the certificate if dividen around 8% per year, you will get RM8000 every year |
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Aug 2 2011, 10:53 AM
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#8
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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QUOTE(OneBuck @ Aug 2 2011, 10:10 AM) Yes, money make money yeah..you can use the dividen you get to pay for next year monthly installment |
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Dec 23 2011, 07:01 PM
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#9
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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waiting to update my asb passbook
last year get 9k dividen from 100k that i make loan |
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Nov 3 2015, 02:55 PM
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#10
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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QUOTE(gr8fr8 @ Nov 2 2015, 09:02 PM) Sorry noob here. Yes, dividend will calculate based on your available balance (loan+ your own money inside ASB account)I have been paying for ASB loan, which is 30k. 200 monthly pay. Of course theoritically if dividend they will take 7-8% from that 30k 'loan'. How about if we have balance from previous savings. Will they calculate (30k + xxx amount) x 7-8%? Sorry really noob in this matter, but hoping to learn. |
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Nov 3 2015, 03:26 PM
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#11
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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QUOTE(Musikl @ Nov 3 2015, 03:19 PM) I divided mine to 25k x 4 i can help you to apply for ASB financingPlanning on getting another 25k, and the rest of allowable allowance (200k) ill put cash. And after maxing out the allowance, i plan to pay the 25k one by one. Thats my strategy anyway. im an CWA agent WA 012-6997059 (razi) |
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Dec 29 2015, 04:40 PM
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#12
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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QUOTE(peja5081 @ Dec 29 2015, 01:41 PM) I take loan from rhb rm50k better if u can cel asb loan with rhb and change to cimbMonthly rm313x12=3756 Dividen this year=3625 Seem not worh it. I get -131 cimb max tenure is 30 years, so the installment will be lower i can help u with that  |
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