Question:
In which year is the best to cancel the ASB loan (to maximize ROI)?
According to my calculation its the 2nd year with ROI 16% p.a.

Loan: 200k (No insurance)
Rate: 5.2%
Monthly: RM1,100
Total cost 2yrs: RM26,400
Total Dividend 2yrs: RM28,900 (assuming 7% dividend and dividend remain in account)
Principal refunded after 2 yrs: RM5,843.27

Profit after 2 yrs: RM8,423.27
ROI: RM8,423.27 / 26,400 / 2yrs
ROI%: 16% p.a

is this correct?