Hi. Sure bro... It's on a single IC

Everyone knows that max you can put in ASB is 200k. but as you earn dividend, the size will expand. So for eg if after the first year you have earned 15k dividend, your ASB size is now 215k! so if you were to withdraw 5k and leave 210k in there, you can still put back that 5k in even though you have 210k already there.

So for me, I took the max loan about 8 or 9 years back earning dividend which i never touched and let it compound. Dividend size grew to 200k essentially doubled. So I had 200k sijil and 200k cash. Took out the 200k cash and put into ASB2 and replaced it with another 200k sijil from MBB. Making it 400k loan in ASB

Hope this helps.

Just to get full dividend on it. No issue if you taking now. I taking my first 100k asb loan few years back around Oct. Yet I still manage to get 2k+ dividend from it. Notbad.jpeg
btw, I suggest you to divide it into 100k + 100k. Easy for exit plan.

hi bro, care to explain more? my lasb is already 3 years, and 25 yrs term if not mistaken.. should i surrender and retake new loan? is it better than serving till end of loan period?

senyap saja semua, busy updating asb book?

any news about the pnb gonna stop asb loan? am planning to do it in few days and reapply to cimb for 30 yrs..

Whoah 170k! Max out loan ya.

ASB1 = 7.25+0.50
ASB2 = 7.50+0.25

I usually look at first figure. Didn't hope much at the Bonus(+xxx) cos I nvr plan to put it inside so long.

Is there any grace period after terminating ASB loan?

Let say having 100k ASB loan with CIMB Bank then after 1-3 years terminate it, then re-apply again new 100k ASB loan after previous loan successfully terminated.

I'm planning that too.. but why 30:70?

Which bank are you going for?

On a second note. Say i have 100k in hand *i wish* and i would like to start using ASB as a safe 1Mil target in 20y time. Planning to get a 100k loan + 100k in hand for this.

What's a good path for me?

Do i :

A) Get 50 + 50 loan to max 200k on ASB1.
B) Get 25 + 25 + 50k in hand on ASB1. Then another 25+25 + 50k in hand on ASB2.

I'm basically trying to leverage both so i can get slighly higher ROI since asb2 is so close to asb1 now.

Am i dreaming or is this valid?

The answer to your question is 400k loan plus approx 80k from previous years interest. So this is the result from interest on 480k. Looking forward to next year where interest will be on 523k! The awesome power of compounding interest...

Congrats on your new venture. No need to be nervous. If things go wrong remember that you can always terminate the loan with no penalty whatsoever.

The important thing here is for you to know and understand how much you can afford to pay out each month. And invest within your limits according to your priorities.

For me, if you're gonna use the dividend to pay off the loan not really worth it. If you wanna have 50k dividend every year, you gotta let it compound. That's the only way. And that's why it's beneficial if you can max your loan (within your monthly payment capacity) as soon as possible. The faster you do that, the more years you can compound it.

As for the 50k ASB2 loan, if you use existing ASB money to pay off you will lose it's dividend earning capacity. if you can use your monthly income to pay off instead of using your ASB money then all the better.

Sorry, but why not maximize all the loans for ASB first since generally ASB is the one with higher nett return per annum?

Maybe we can request ASB statement from PNB?

we follow the majority...HARUS

Aku buat loan besar bro ASB dan ASB2.. memang aku guna duit dividen untuk bayar ASB dan ASB 2 Loan.

Ok lah tu.. modal untuk 2 akaun cuma 30k.. selepas 25 tahun dapat 400k dengan hanya rolling duit dividen sahaja.

Pada aku lain orang lain cara.. buat loan dalam amount yang besar dulu baru boleh rasa feel dia..

klu loan guna asb2 rugi sedikit..tp x byk manapun...sbb asb 2 interest dia kurg sedikit berbanding asb 1...so sbb tu di syorkan klu nak buat loan mesti guna asb 1 dan asb 2 bole utilize yg guna dividen utk byr loan...asb 1 guna duit sendiri...so compounding interest dpt lebih byk...
yes some bank are quite difficult...like affin and maybank...but for cimb less difficult compare to others...how do i know? because when i proceed for my wife loan on both bank affin and cimb using the same documents, only cimb approved my loan...affin bank rejected it...

Hi just want to inform this is the best time to start asb financing. 1st payment start on 1st january 2018. Get 1 month dividen next year. Can ask me for more details.