pm.. nanti aku bagi link 
for personal use.. nanti owner calculator tu marah.. 

Yes. I read somewhere that already in effect for Maybank

Yes. Same formula, get the longest tenure with minimum insurance.
Keep in mind that bank offer higher interest rate for loan below 100k

  .. At least, now you know.. Should be okay if you let it stay a couple years first.. See if a better offer comes around and or made a few thousand on top of the deductions, then terminate and reapply. Terminating now would incur losses. unwise.
Better not to touch the dividends at all.. Let it compound over the years.

Just want to advise...for better ROI dun apply ASB financing with takaful / insurance...it will effect your principal surrender value...if u terminate to early below than 2 years you might owe the interest with bank. Find banks which can provide loan facility without takaful compulsory...

I have a friend who want to apply loan at 4.8% rate and when i ask her does the loan with full takaful, and she said yes...I tell her even though she get lower rate but with full takaful she will delay her principal profit. Finally she apply loan with me at 5.2% rates after i tell her the fact and calculation comparison. Dont just look at the rates guys. Some bank provide lower rates but with many hidden term and conditions...You need to ask them in details if u dun want to end up with lesser ROI or maybe loss when terminate too early...

about 2 weeks to 1 month
yup no turning back. Wait 3 years and above before you can terminate your loan. But dun worry to much you also will get Takaful SV (the unpaid balanced premium) in 1-2 month after terminate.

Ideally not.. It's there for a reason.. So just keep paying ..Who knows what may happen in 20+ years..

Don't cancel it as if you're planning to pay the loan till the end the takaful would be useful to you just in case something happens - e.g, you die - then the takaful will pay the loan and your family won't be burdened by it.

Loaned 100K with monthly repayment $650.

After 3 years decide to canx the loan & ask the bank balance of loan.

Found out balance of loan - $ 95314.00

Wtf for 3 years i only paid $4686 principle & $ 18714 for loan interest?

I been informed by my ex banker friend that this only benefit the bank more than the investor.


I just want to comment on this. The rest i can see u still not understand, so i wont comment more.

Yes asbf will benefit the bank, but on long term it will benefit for the loaner. At the end its win-win situation for both. ASB (F) this F is only a tool to help u earn more than normal saving. Ok i rest my case.

Guys who is maybank staff here, i apply for my asbf termination since jun but yet terminated? Mind me asking how long it took actually to terminate this asbf

refresh those who dont understand how asbf can give profit to customer read below

1st the distribution or we all know it as dividend.

2nd the principal. we will received the principal we paid when terminate early. it call as principal surrender value. Where the principal come? When u pay for your installment part of it is the principal and another is the bank profit or known as interest.

3rd bonus. Each year asb will give extra bonus. But this year they use new formula to calculate the bonus based on 12 month only than 10 years before.

ASBF give more return than asb saving because of the volume. ASBF start from big amount while asb saving start from how much we save permonth.

Hope this will help to those who still new with asbf.

Profit from asbf is not simply deduct between dividend and interest (7% - 5% for example. its more than that)

For me there is no exact time to cancel your loan. As long as your loan is without takaful you can terminate as early as you want (My advice min 1 year) But if your loan is with takaful is different. You need to check first for any shortfall. If dun have then proceed.

Also your age must be 35 and below. For above 35 im not recommend to do so because your loan tenure will be short. Always check with the consultant or banker for any changes with the requirement eligibility. Cimb have change their requirement since last year. Not many can apply max ASB if their commitments is high. I have some cases apply with A bank but the loan not approved because the requirement is very strict. When he apply at bank sotong his loan was approved. This are the thing you need to consider before terminate and reapply.

Dun simply terminate your asbf for lowest rate than when u try to apply your loan is not approved.

For those who want to make ASBF as your retirement fund, apply at lowest rate is the best. You will get more at the end but make sure you get consult first before do it. Consultant will make roughly calculation for your current profit, and estimate your future profit if u do apply with the new rate. Thats why apply with consultant is the best choice because they can consult you day and night.

Why do want to terminate your ASBF? And what do you mean by 'best'?

If you mean you want to terminate without paying more, then wait until your loan principle is less than your sijil ASB value.

Check your loan details and look for loan balance.

Example :
----------------

Loan 200k with takaful = 210,000

If the balance is 205,000 means u still have shortfall (if terminate you need to pay for this shortfall)

If the balance is 199,000 it is safe to terminate your loan.

As long as your loan balance is below than your loan asbf amount u can terminate your loan.

Get it bro?

What's the reaaon? Is it because of BLR? Or is your loan conventional?