Sir, you are correct that it is a heavy burden to carry 2 loan at the same time.

But, with asb loan you burden will reduced to minimun.

Year 2014, take asb loan for 200k for 25 years.

Monthly : RM1,170.00
Dividend 8% : RM16k

Year 2015, buy house RM100k++ for 25/30 years.

Monthly around : RM600/700.00

So, in 2015 monthly loan payment shd be RM1,170 + RM700 = RM1870.00 (yearly 1870*12=RM22,440)

You already have dividend for RM16k, only need to top up loan payment 22440-16k=6440. That less then RM600/month.

Repeat the situation till end of tenure, you get a house with RM200k cash.
p/s: it will depend on blr, high rate will need to fork more pocket money. Also a bit risky to get approval for housing loan when you already have RM200k loan.

just go anybank that have ASB loan like maybank or RHB...they will be very happy to assist you

Guys,

Can we see our ASB loan under Loan in Maybank2U?

Cool .. Thanks bro .. ..

I signed my ASB loan about 10-11 days ago but still dont see under Loan Section in ASB .. ..

so fast changing mind ... ..

For me, ASB loan is good with this mindset: "susah susah dahulu, senang senang kemudian". Pay the loan for 1st year and wait for 24 years to get money. .

I have a tips not "too struggle" in first year. If you want to get ASB loan, mid year is always the best time to get it.

Some wonder why?
Answer is you actually pay half of monthly commitment but it takes one and half a year.

Some wonder how?
Pay monthly commitment with dividend in second year.

Some still wonder how?
My calculate is when apply in June 2013 and my first payment will be due in July. July-December 2013, you are earning dividend. I myself took 200k loan for 25 years and paying RM1190 monthly till December. In early January 2014, I will get dividend, say 8%, I will have RM8000.

Use the dividend as monthly "subsidy". RM8000/12 = RM666

So, my payment on January-December 2014 that I USE MY OWN MONEY is: RM1190-RM666 = RM524!

Based on record, January 2015 onwards till the rest of tenure, I spend RM0 of my own pocket and get RM200k at the end of tenure. Sounds a good deal? Definitely!

ASB never fail to pay dividend at least 7-8% a year. Based on record for 20 years, we are pretty safe but anything can happen in the future. As for now, take the opportunity. Malay is  a bit lucky in this country. If ASB open to non bumi, I guess, ASB will be fully subscribe in no time. .