ASB loan, worth to get it???
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 Jun 1 2017, 03:06 PM
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#1
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Junior Member
385 posts Joined: Apr 2013  
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anyone know how is the formula calculation for surrendering Maybank ASB loan? how much will i get if i surrender?
Loan details: Loan type: Islamic Loan amount: RM 50,000 Loan tenure: 25 year Outstanding balance: -RM 132,695.51 Outstanding Cost of Finance: RM 47,374.18 Outstanding GPP: RM 0 |
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Jun 8 2017, 02:54 PM
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#2
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Junior Member
385 posts Joined: Apr 2013
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QUOTE(aliffezwan87 @ Jun 8 2017, 02:23 PM) Dear brother HaziqNet, Wow. I was quoted RM1200 for RM200k loan.I am an Accountant, age 30, seek your advise on my financial profile below: 1. Cash Savings in ASB 1 : RM 115K 2. Considering to apply ASB 1 and 2 financing RM 200K each (rm 1,050 per month, 4.8% interest) My question is: 1. Which method is the best for me to increase my savings? Compounding? 2. I plan to use my current savings to pay the monthly installment of ASB 1 and 2. Is it the right thing to do? I dont wish to use my future salary to pay the loan installment. 3. If i were to sign up asb 1 and 2 financing, where can i park / invest my cash savings in point (1)? Many Thanks. YNWA  May I know which bank offer RM1050? |
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Jul 3 2017, 04:15 PM
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#3
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Junior Member
385 posts Joined: Apr 2013
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QUOTE(facktura @ Jul 3 2017, 04:06 PM) Silly question. can use my name. but T&C applies. agree?if wanna use proxy to invest another 200k on another person account, must use under their name right? meaning loan limit of that person definitely affected aite? |
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Jan 5 2018, 03:58 PM
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#4
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Junior Member
385 posts Joined: Apr 2013
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I have ASBF 50k with yellow bank for 5.0% profit rate.
Paid for about 4 years IINM now. I'm thinking of applying for 150K. Should i terminate the existing 50k and apply another 100k OR terminate the current one, and apply 150k from another bank? Which one is better? |
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Sep 11 2018, 12:02 AM
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#5
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Junior Member
385 posts Joined: Apr 2013
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Guys, this is ASB financing doc I took 5 years ago. I choose RM50k loan, RM299 installment per month for 25 years. At that year, the bank's KPA is 6.6%.
Recently after reviewing the doc, I would like to confirm with you guys, the RM145,851.51 is justifiable with the loan condition? 
This post has been edited by monoikhwan: Sep 11 2018, 12:03 AM |
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