Guys I just did a calculation, much to my surprise..

based on this: Maybank ASB Financing-i

Let's say that I took a 30k ones with 25 years of repayment schedule which is 176/month for 25 years

Using ASB Loan

Monthly = 176
Yearly = 2112
Total = 2112x25 = 52,800 (goes to Maybank)

Assuming that ASB dividend is 8% for 25 years

Total = (deposit=30k) + (dividend=175,454)
= 205,454

Nett total = 205,454 - 52,800(goes to Maybank)
= RM152,654

Putting 176/month for 25 years

Monthly = 176
Yearly = 2112
Total = 2112x25 = 52,800(goes directly into ASB)

Assuming that ASB divident is 8% for 25 years

Calculated using this Online Calc

Nett Total = (deposit=52,800) + (dividend=108,290)
= RM161,090

Using dividend to pay installment

Monthly = 176
Yearly = 2112
Total = 2112x25 = 52,800

Assuming that ASB divident is 8% for 25 years

Dividend per year = 8/100*30,000
= 2400

Profit = 2400 * 25
Total = 60,000 + 30,000
= 90,000

Nett total = 90,000 - 52,800 (goes to Maybank)
= RM37,200

Summary

Basically you lose = 161,090 - 152,654
= RM8436 if you use the loan instead of putting 176/month for 25 years (assuming that u put it regularly)

U lose even more by using the dividend to pay the installment

And this is assuming BLR is the same for 25 years, which is impossible..
Also assuming that dividend is 8% flat for 25 years

Point me if I'm wrong cause I still can't wrap my head around this, how that we're blatantly lied to..

Sorry for the long post

i did it using the calculator in the link with monthly balance increasing and dividend injected annually..

What happen if the BLR suddenly increased? u could be at risk of losing the money rather than making it. a lot can happen in 25 years..

Not sure about that la. if terminate then they sell the cert rite?

See this

With loan

Month by month

Regardless of the app, anything wrong with my calculation?