Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 ASB loan, worth to get it???

views
     
hazleen
post Mar 26 2010, 10:30 PM

New Member
*
Junior Member
24 posts

Joined: Nov 2007
the key to benefit from the asb loan is not to take out any of the dividend to service the loan. You should continue to make the monthly payment from your own money throughout the loan period.

so that at the end of the 25 yrs you have the full loan amount in your account + all the dividends earned.

say on a 200k loan for 25 yrs, at a fix rate of 8% - the dividend amount will increase as every year your total asb saving will be 200k (loan) +dividend. at the end of 25yrs, you own the 200k plus all the dividend which totals up to more than 1 million.

 

Change to:
| Lo-Fi Version
0.0183sec    0.23    7 queries    GZIP Disabled
Time is now: 29th March 2024 - 08:27 AM