Started to know about this ASB Loan since my Uni day, somewhere year 2002 if I'm not mistaken.

Been following this trend time to time. Mechanism have not change, the banks play with the interest rate offered. From '+' BLR, now '-' BLR. After self calculation, lots of spreadsheet job, discussion, I never try this out. Most of the ppl got confused with the dividend % and bonus %. Yearly dividend is your monthly average through out that particular financial year & additional bonus % is your average balance for the past 10years. So, don't simply think that we can get full amount for the first 9 years.

To me, this method will ONLY benefit to discipline yourself to do your own monthly saving. My advise, don't max out, don't be greedy. We will never know what happen in 20/25years.

p/s: I have 5 friends took this loan, 4 out of it surrender and at the end, they loss money