Can, provided there is payslip.

latest promo rate asbf-i.. source frm telegram group
BSN 4.7%
AMBANK 4.75%
CIMB MAYBANK RHB 4.8%

Conventional + insurance compulsory.

Your calculation is correct. However you need to include the unrealized "profit" in the form of the principal paid.

both shodan11 and tet got it right. You have to consider that:

1. you have two accounts to look into:
a) loan account, with the loan balance reducing each time you pay your RM1074 installments
b)the ASB account, which compounds your returns
Based on the margin between the financing rate and the distribution rate, people are profiting. It is only an issue if you plan of using the distribution to pay for all your installments for the whole of next year.

Most people don't understand this; if you compare it to properties with its higher risks, higher entry costs, and likely negative cash flow (reantal wont be able to cover installment in the first few years), I really don't understand why they are complaining about ASB and ASBF?

Are these non-eligibles jealous? Btw, ASB is not just for Bumiputras, a select few non-Bumiputras are also eligible for ASB/ASBF. The ignorant questions seem to always be coming from the non-eligibles
The bank interests are definitely eating up the profit. But the bigger concern is the expectations of investors that the distributions would be able to cover the installments - which might I remind you is paying for BOTH the interests as well as the principal repayment.

A good litmus test is to look at your loan statement, calculate the interest paid over the past 12 months. Compare that figure with the distribution earned. You will always see that the distribution is higher than the interests (that is easy, you dont actually have to calculate it).

Now, compare this to something most people are more familiar with: investment in properties. You would be LUCKY if you can get your rentals to cover even 80% of your installments. It is MUCH riskier than ASBF too:

1. higher entry costs
2. tenant runaway
3. property damge
4. taxes
5. insurance
6. Capital depreciations (or appreciation but today's market sucks)

The list goes on. None of which affects ASBF at all

It's all the non-eligibles jealous of this pportunity

Updated rates:

1. 20k-60k the rate is 4.80% p.a.
2. 80k-200 the rate is 4.75% p.a.

Maximum tenure is 40 years, or until the age of 65 years-old

No insurance required to get these rates. Table attached at the bottom, you are free to engage any bankers or brokers out there, including yours truly. Just sharing the info 

can withdraw too?

Budget 2023: ASB, ASB2 limit up 50pc to RM300,000

KUALA LUMPUR, Feb 24 — Prime Minister Datuk Seri Anwar Ibrahim announced that the individual investment limit for both Amanah Saham Bumiputera (ASB) and Amanah Saham Bumiputera 2 (ASB2) will be increased to RM300,000 from the current RM200,000.

In the Budget 2023 tabling in Parliament today, Anwar, who is also the finance minister, said the government has also agreed to expand the fund size of Amanah Saham Malaysia (ASM) by RM5 billion.
Anwar previously said there would be an increased dividend distribution for the ASB this year

https://www.malaymail.com/news/malaysia/202...-rm300000/56604