4. Can this act as an insurance? If anything happen .. his family will benefit..

Haha, Thanks for the compliment. We should meet up as I also could use some advise now and then. especially for my short term goals.

I don't explain well with numbers and calculation so forumers here hopefully can absorb both kind of explanations to get the full understanding of how great this ASB financing tool actually is!

And I'm no consultant or an agent with any bank. I'm contributing here purely with the intention of helping out my kinsmen. Especially the young ones so they can get a headstart in life. And for someone who has 'been there, done that' in ASB loans (400k ASB loan, 200k ASB2 loan) hopefully my words carries weight.

Not anymore Bro...  Those days can and I was lucky enough to take advantage of it at the time before they limit it to 200k only.

But who knows they might open back again in the future. So you need to build up your ASB size now in order to be ready when the opportunity comes again.

If the door is locked when opportunity knocks, it would be a shame. Opportunity won't wait.

200k now sadly.

That's awesome. That means PNB has raised the limit to 300k? It's the first I've heard of it but it is indeed great news. Those with 300k size can take advantage of it

You already have a 200k loan with Maybank?