ASB loan, worth to get it???
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 Jan 26 2012, 12:33 PM
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#1
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Senior Member
965 posts Joined: Mar 2008  
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QUOTE(bursalchemy @ Jan 5 2012, 02:27 PM) May i know how much can i get if i cancel the loan before maturity? will i incur losses compared to self savings? what is ur current rate?  usually if less than 2 years, no saving... more than 2 years maybe got but dont expect too high... better check with ur loan officer or go to the nearest branch... |
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Jan 7 2013, 11:55 PM
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#2
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Senior Member
965 posts Joined: Mar 2008
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QUOTE(cannavaro @ Jan 7 2013, 11:40 PM) Noob question. hi, Is the interest for ASB loan fixed? I pay extra every month, just wondering if this will reduce the monthly interest... interest is based on blr or bfr rate most bank currently offer blr/bfr-1.3-1.6 p.a. (6.6-1.6=4% p.a.) if u pay extra it will only offset the next month installment hope that help, thanks |
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Jan 10 2013, 12:13 AM
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#3
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Senior Member
965 posts Joined: Mar 2008
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QUOTE(klenny @ Jan 9 2013, 01:07 PM) will asb loan affect if i want to take mortgage in the future? yup this financing will affect ur DSR.. but if ur account in good conduct it could become an advantage if u want to apply for mortgage in future coz it already mitigate high risk.. btw, this will also turn into a future income for u as bank will calculate it as a 7% pa income to be added to ur salary.. so it got its pro and cons. hope that help  |
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