just sign off asb loan from RHB yesterday. applied last week and approved few days later.

interest 6.6%, total asb 50k + insurance RM1069(total insurance for 25years) with loan period max to 25years. monthly need to pay rm300.
why so long? because i want take low monthly , rm300X12month=rm3600 i pay per year, let say i got dividen for 8% plus bonus so its around rm4000 per year.
so basically i paying rm3600 for 1st year, by next year, i will use dividen to pay the monthly loan and its gonna be free money.

math proof it all.

easy, if u think the asb loan no longer be profitable to u, can simply terminate asb and get back ur money in the prinsiple.

but remember, if the dividen rate much lower than lending rate, of cos bank also scared and mybe lower the lending rate. if not. every1 will terminate asb loan and bank no longer hv business in asb loan.
this asb loan is kinda risk free to bank and easier to liquidified the cert if anything happen.

like i said, example if not profitabke anymore.
this is my last post , stupidity at it fines.

wrong, it only take less than 1 months now. i did terminate mine last year and its very fast. get back the surrender valuer included the takaful within 2 months.

just find any bank that give u lowest rate. around 4.7-4.8
early this i got from maybank 4.8, since easy for me to use mbb2u.

loan period 15-16years?? why so short bro. u should take longest. so that monthly can be lowest or the dividen paid more than installment for 1 years. ASB financing is not like personal loan, its not fixed.
if u hv extra money, pump more cash max u can get in ASB2 also, so better dividen.

i mean the rate is not fixed like personal loan.
ASB loan/financing more like mortgage loan, it will reducing principal amount in times.
so when u terminate the loan( bank will selling the cert), u will get surrender value.

the longer the loan, the lowest commitment u need to pay, the lowest risk u will have.( since if dont hv money to pay the monthly, u can use the dividend to pay it, but u wont get max return).

yeah, ASB2 loan is full quota already, but u still can open the acc for cash deposit.
let say u able to save 1500 per month.
use that money to pay 1200 for 200k ASB loan per month, another 300 u can put in ASB2 as cash deposit.

you can do simple simulation and calculation urself, which 1 is the most profitable.
the power of compounding is volume and time.

true for the rate.
some more max 10 years only, so the monthly commitment quite high compared the dividend income and you will likely need to topup every month

if bank allow, i think u can do it but need to do it counter and pay the amount directly to prinsipal.


https://loanstreet.com.my/learning-centre/a...loans-explained


"However, do note that unlike semi-flexi home loans, ASB loans are basic term loans. Extra payments in monthly instalments do not lower the interest payable."

This is when u pay normally thru loan account. and i always do this cos dont want pay monthly.

u need check back ur outstanding amount. this amount is vary, any1 here cant calculate for u if u dont specify the loan period, rate etc.
64k - <outstanding loan> = rm700.

the takaful premium should be included in ur loan amount., mean when u take the loan, 65k + takaful premium( around few k depend on ur coverage)

ur surrender value for the ASBF
sijil 65k - 63052 (outstanding) = rm1948.

then u also should receive surrender value for the takaful since u terminate early.
i think u should check with the banker directly.

ur 700 is in ur bank account or ur ASB acc?
last time when i terminate, they deposit back into my ASB acc