If take asb loan, choose the bank with the lowest interest rate. asb is a win-win situation. u win bank win. If bank offer lower interest, u win bigger

wow, blr-2. i'm impressed. which bank is it? 

if i were you, there's no doubt that asb loan is way better.

Read my post in my blog and you'll understand. it's an old blog though, but should be alright.

assuming all the calculation are right..i dont think u are doing it right with the loan
the thing is..for loan u hv to leverage as far as u can
take the highest amount ie..200k and longest tenure 25 years or 30 for cimb.
u dont hv to serve the whole tenure..preferably 2-5 years..then terminate.. u will get ur principal portion of ur loan back

why u must terminate..to get the principal works harder rather than staying dormant in tht acc of yours.
not only that..normally u will fork out around 14300-15000 yearly for monthly payment..but u will get around 15600 from the 200k div..here u get extra 1k-1.5k.

all in all asb loan is wayyyyy better.

Actually you don't really need to terminate if you're able to pay throughout your tenure. Of course, not cancelling will definitely end up with you getting more and more cash. But are you willing to wait 25-30 years? You'll be 40-50 years old by then and what are you going to spend it on?

Some people terminate because they plan to generate money short term (eg 3~5 years). If you take 200k loan ASB and terminate after 3 years, you can easily get approximately 70k. Terminate after 5 years, you can get around 125k. Then, you can use the money for many things you desire. Only have to be patient for short while.

No matter which method you want to apply, it is still more profitable than saving using own money. This is provided you take max tenure (25 or 30 years). 

Investing In Amanah Saham via Personal Loan, should you or should you not?
various scenarios explained.....may not be agreeable to some....

http://invest-made-easy.blogspot.com/2013/...a-personal.html

Yes..before this I didn't see in big picture. Aftet I get it, it's better with asb loan. More ROI

I have an enquiry.

Currently, I'm taking 100k loan for 25 years. I have been paying rm600/month for the past 2 years. I have used the dividend i got from first year to pay for the 2nd year instalment.

I was wondering what if I stop the loan financing? Do I get the sum that I have been paying for the past 2 years?
I was told by Maybank staff , I wouldn't get back the amount paid to the bank.
But if I pay full for 25 years, I would get 100K?

I'm a bit confused. what if that person decided to stop the financing 12.5 years after taking up the loan? He wouldn't get 50k?

veli good offer by the bank    menjaga kebajikan pekerja 

This is lovely. Thank you for responding first-handed

May I know if the special rate applicable only for the staff or included to husband/wife/family as well?

By your statement above, meaning that there will be no "work till year 5 to enjoy the privilege"? Once hired, the special rate is available?

Thank you again in advance.

If I am not mistaken, you can't made an early settlement.

Based on my understanding, for example;

30k loan @ 25 years = RM 285/month= RM 85,500

Even if you are ready to settle within 10 years for example, you still need to clear the total of RM 85,500. Hence, there is no use in early settlement.
Kindly correct me if I am wrong

Hi,

1 - By that, its mean by understanding is wrong because I am talking about early settlement while you and masami talk about terminating the loan?

2 - So for example in case of 30k @ 25 years = RM 185/month;

If the customer already PAID for example 3 years (RM 185x12x3 = RM 6,600, dividend 8.0 p/a), meaning after 3 years if the customer terminate the loan, he will get approximately RM 6,600 + (dividend x 3 years) in his account?
Thank you in advance,

When the basic concept is simple enough, it is worthwhile to keep things simple and straightforward. When you're on a straight road, why keep twisting and turning the steering? Tyres no balance ah?

If the asb loan can more or less provide leverage (ie. interest paid is lower or equal than the dividends earned) then get as much loan as you can possibly get... and this is usually with the longest possible tenure with the lowest monthly installment you can pay.

If there's still extra savings left after expenditure every month, then get more asb loan. Simple.

Unless of course, if you have already touch the ceiling of 200k, and cannot take any more loan and cannot invest more into asb, then settle the loans with the extra savings.

The 2nd basic thing to keep in mind is 'compounding of interest'. This is the reason why one should begin investing as soon as possible. If you can start with a large amount, better still. (Be it from loan, or own savings, it does not matter. But if there's leverage with a loan... then get the loan to start off with a bigger amount.)

With a return of 7-9%, 'compounding of interest' will double the initial invested amount every 8-10 years. 100 becomes 200 in 8-10 years. It is 2, 4, 8, 16, 32, 64, 128 times... in 56-70 years. So if you delay in starting the investment, it is not delaying the investment in a number of years or so, but cutting off the last number of times that you can double the investment. And the difference is huge... say 16 times instead of 64 times.

And of course, to have this compounding interest effect, you don't take out the dividends.

You don't pay the monthly installments with any dividend, but out of your salary. So it's back to "take as much loan as you can possible get with your monthly budget". Simple.

spot on. I was thinking the same, but was2 if that's the answer 

Thanks for the tip. will try to take loan next week with your tip.just wondering whether bank will approve my application.