Better to put lump sum. ASB dividend calculation is based on average minimum balance u have each month. i.e:
if u dump in 16k in dec 2013 n maintain that value until end of dec 2014, the dividend calc is as per below:
min value each month = 16k
average monthly balance in a year period: 16k x 12 / 12 = 16k. if the dividend is 10% then the div u get is 10% out of 16k = 1.6k as dividend in 2014.
If lets say u put 1k a month, the calculation for average is (1k+2k+3k+4k+5k+6k+7k+8k+9k+10k+11k+12k ) / 12 = 6.5k. Dividend will be 10% from 6.5k = 0.65k.

One more thing...better to save on ur own compare to take asb loan if u think u can be very discipline. make a detail calculation n u will see why....can earn double if saving on own

If take asb loan, choose the bank with the lowest interest rate. asb loan is a win-win situation. u win bank win. If bank offer lower interest, u win bigger

But the best winner is the one who installs monthly to asb without using loan..that's a double win

This post has been edited by luqe: Jan 14 2014, 05:52 PM

Nope. TH dividen is lower, asb higher...But, TH already deduct zakat simpanan while asb did not..zakat is 2.5%.
So, in the end they r about the same. if asb 7.5%, it's equal to TH 5.0%. if u use asb, zakat is only imposed if the money reach the amount wajib zakat, around 11k.

This post has been edited by luqe: Jan 14 2014, 06:09 PM

Depends on ur discipline and needs.
If u jenis yg no discipline, take asb loan...u hospitalized ka, kahwin ka, dapat anak ka, car broke down ka, petrol naik rege ka, mau beli rumah ka, u have to bayar to bank / terminate loan kalau xmampu bayar.

If u know cincai2 (after consider any unexpected event) u can save at least 1k a month, better don't sign for loan.
4 years ago i use loan coz wanna force to save. after 13 months i terminate to get money. That saved me during that day.
Now i know i got much spare so decide to not use asb. I did all the calculation in Excel and found out a very surprising fact:
Case scenario 1 : asb loan 100k term 10 yrs, monthy rm1059..
Total bayar ke bank: 1059*12*10 = rm127,080
Jumlah pendapatan (yearly div stays in asb, assume div 7%, include amount 100k): rm196,714
Untung bersih (money in asb after 10yrs - total pay to bank): rm69,634

Case scenario 2 : no loan, install rm1059 to asb monthly for 10 years..
Total bayar ke bank: rm0
Jumlah pendapatan (1059*12*10, consider all dividen assuming 7%, never withdraw $) : rm182,237
Untung bersih : rm182,237

Using Excel, correct me if wrong. U see? nearly triple profit compare to loan.

This post has been edited by luqe: Jan 14 2014, 06:48 PM

Not like that...the calculation is not for single dividen of 7%. "all dividen" means dividen for 10 years. For both scenario, calc every yr dividen. thats why shud use excel n put calculation formula

Refer : Post #656

Pendapatan means the amount in ur asb account.
For case 1: amount in ur asb account is higher, but when deduct what u have paid to bank, the profit is lesser than asb without loan.
For case 2: amount in ur asb acc after 10 yrs is lesser, but u have nothing to deduct!! everything u pay is to ur own asb account and it's all yours. so..profit is higher.

If u use masami's idea of loan 3-5 years then terminate also a good idea. That works for short term. My calculation is based on long term until finish loan. 100k loan for 10yrs term is just example. You guys can calculate ur own which one is more profitable with ur needs. No 1 scheme fits all.

This post has been edited by luqe: Jan 15 2014, 07:44 PM

For that case, actually the amount RM196,714 already include 100k asb certificate from the beginning. Pendapatan is my own term (i m not expert in financing terms) to mean whatever owned or will be owned by account holder. Which is why the total installment to the bank must be deducted at the end to get net profit. Hope that clear. ::