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.
assuming all the calculation are right..i dont think u are doing it right with the loan
take the highest amount ie..200k and longest tenure 25 years or 30 for cimb.
u dont hv to serve the whole tenure..preferably 2-5 years..then terminate.. u will get ur principal portion of ur loan back
why u must terminate..to get the principal works harder rather than staying dormant in tht acc of yours.
not only that..normally u will fork out around 14300-15000 yearly for monthly payment..but u will get around 15600 from the 200k div..here u get extra 1k-1.5k.
all in all asb loan is wayyyyy better.