MyASB portal got dormant period? My account have been frozen, have not logged in for quite sometime

I mean, it has already been frozen. Tried logging in just now

Akaun anda telah dibekukan disebabkan polisi dorman kami. Sila hubungi myASNB Portal Contact Centre di 03 – 8026 8101.

Hoping the account can be reactivated by just a phone call, not like PMO which require going to their counter to reactivate.

For me, in order to understand how ASB loan works, there are two aspects that one really need to understand:

1) ASB Dividend calculation - this should be super easy. Only require 2-3 cells of excel to calculate also..

2) Loan calculation - this should be the trickier part, at least it was for me. I simply could not grasp how this loan can be beneficial, until I managed to understand the amortization table (interest + principal), and how to play around with it.

So, to anyone who still have doubts, head over to google and search amortization table, and learn how to use it

How soon should one be shopping around and apply for new loan with lower rate? How many years into the current loan is advisable to do that? Thanks guys..

Wonder if anyone has done the calculation to break even, to determine that it may be too early to terminate current loan..

Exactly happened to me. Kinda regret that I didn't do this when first started working in 2010. Only applied ASBf in 2016, and ASB2f a year later. Its true better late than never, but I really took too much time to completely understand how to correctly calculate loans and use amortization table.

So should those interested to apply wait for next OPR adjustment, just to see it will increase? Of course difficult to predict, tengok2 decrease lagi to the joy of current investors I kind of like want to refinance though..

Hmm I was just thinking that we as Malaysians have failed ourselves, seeing all these money available to be pooled as big capital for our large scale business. I mean, only if we as group is as half of business savvy/minded as those China men.

Back to topic, I am not cancelling my ASB loan yet, I believe for those who have served their loans for several years already should not panic yet. But ya it is not a good news who just recently take up their loans.

Referring red bold statement, my reaction would be, who should I trust then if not PNB? The alternatives have myriad other service/management charges as well to make their funds more unattractive in my eyes. What's the guarantee they will do better than PNB?

To me the only real good alternative in current situation is to start learning how to invest in stock market and investing myself, and what a time to start, can potentially get good stocks in current market (Sapura Energy hovering around 7 to 10 cents now LOL, I know they have management problems and OnG instability, its contoh only OK?). So an option is to cancel the ASBf, and use the freed up money to invest in stock market.......

......or to me a better option, refinance ASBf at significantly lower rates currently being offered (I've been told a bank is offering 4% after OPR cut), leave the old dividend to compound together with the new refinance loan, and use the returned principal to try investing in stock market. An option I decide to take now. Been on ASBf since 2016, so the principal return should be more than sufficient for me to learn and have fun

P/S: I dunno, but I despise Unit Trust out there, especially the bigger ones who train their agents to flaunt their financial wellbeing to attract people. I mean, didnt they buy cars/expensive watches using their allowances, which come from their clients being charged with some nonsense fees? Dunno, probably its just me who do not understand haha..nvm just to wanna share with the world what I think

Well, I only learn best by hands on doing stuffs, and especially when i start losing So yeah I will jump straight into it, but of course will not commit all of my money. In fact, just a portion only. Those I am willing to lose haha..

Need to act quickly and complete refinance application before the bank update its spread, as you pointed out in your link. Bank won't be able to revise their spread that quickly right?

If they do, then tarik refinance application lor. But at least that is what the loan agent told me. I think within this very short window, there is an opportunity

I stand to be corrected if my understanding is off, still learning

Guys, just wondering, at this current market condition, is it more beneficial to ASB funds if more people to take ASBf? Or do PNB quietly hope less people taking loans for the time being until market improve? Haha..

Got quick glance at TV3 shown in restaurant just now, i think PNB shared their strategy with the funds. Couldnt catch more detail, just passby only. Anyone caught the news share2 la aa..

Maybe cause its the ultimate tongkat?? Its also much easier, as cancelling means we just return a 'certificate' they lent to us into our ASB account.

Not the same for housing loan, what do we have to return to the bank? The money we borrowed at the first place? Or we return the house? Banks are struggling to clear off auction property nowadays, why would they accept our house? haha..

There's rumor for ASB3F? First time i heard of it, sorry if its been mentioned here before hehe..

Just went to HLBB today asking their current ASBF offer. 3.55% for 200k loan, age limit until 65 y.o, insurance not compulsory.

If i am not mistaken some bank like ambank has age limit until 70 y.o.

No ASB2F yet.

Get me into your contact for ASB2F or ASB3F if available 😆😆

I think we all can use a new thread where 1st post showing offers from all banks. Can compare insurance vs noninsurance rates too. Just a wish. Not sure who is really that rajin to maintain it hehe..

Dear all, in your opinion, should ASB diversify to foreign market? Will they? Asking because UT funds investing in Asia Pacific market. for example, has had good performance, especially from Mar'20 - Jan'21.

Is it time for Bumis to now have shares in Samsung? Haha..

Thanks bro, but the post is 2 years old already, so I've already fixed it But if I am not mistaken i needed to go to ASB office, reset using their computer. If I am not wrong lah, long time ago..

You already know how much interest you paid and compare with the dividend you received?

Good, but you can assure yourself further by calculating what you actually get right? I wanna do mine as I have let my ASB2F to compound for several years d, but I think I misplaced my ASB2F 2017/18 statements. Just called the bank to resend me a copy of the statements, so I can calculate myself