i applied ASB loan in june this year.. will i get dividends early this year or by the end of june next year?

Hi,

Quick, n00b question here : So what is/are the disadvantages of ASB loan? :|

Hi, i plan to make asb loan this december. may i know is the interest same with all bank ? which bank the best to make asb loan ? planning for 70k loan, its not much but this is all i can for now  .

Avoid asb loan at all cost. It has more cons tha pros.

I double check this issue with the Maybank staff, she said it shouldn't be a problem as they will consider the annual dividen as income.

They know that the annual dividen itself able to sustain the monthly loan payment.

max tenure for cimb is 30 years now. and they also has asbi. but mrta i heard is still conventional.

maybank is up to 30 years or 65 years old

bsn is having a promo now blr -1.85

is it true maybank islamic offer lowest interest ? BLR and BFR is the interest right ? or im wrong. this thing make me pening but i try to understand it.

from what i read for loan 70k, RHB offer BLR – 1.55% while maybank islamic offer BFR - 1.65%

so in my situation (loan 70k) is maybank islamic the best ? 

TY

My wife will be Maybank Shari'ah staff early next year. Wonder if the rate will be significant compared to normal citizen like us.

She is delaying her application for 200k loan for a moment. Whatever the differences, it should worth to wait we guess.

i think bank staff got special rate, because for house loan got special loan but need to work with maybank for 30 years if im not mistaken. that is what told by my sis who work with maybank.

Please take note that most (i think all)ASB loan come with BLR base interest rate. Just imagine if BLR is sky rocketed  to 8%. Is it still possible to be covered by your yearly ASB dividend? We are not talking about total economical collapse here. Moreover the dividend rate is never guaranteed.

i am afraid you will get dissappointed. there is no special rate for asb loan, even for staff maybank. other bank might be different though

I got special staff rate of BLR - 2% for ASB loan.
As for housing loan, it is BLR - 4%. Based on agreement, there is no such thing as need to work for 5 years or 30 years. You pay off, you can resign from the bank. Simple as that.

And I'm not from Yellow Bank.

This is just an example. You take 100k LASB for 25 years but spilt into 5 cert (20k each).
Every 3 years you buy back 1 cert with the dividen money (RM6500 x 3 years = RM19500)
Instead of waiting 25 years to get the cert, you'll get 100k cert in say 10-12 years.

A friend of mine doing this technique and he already bought 2 cert.

no different, u took 100k loan on 5 certs or 100k on single cert u still get the same amount of dividend.. LASB works exactly as mortgage loan where the interest is calculated base on principle, unlike hire purchase.. so i get why he took multiple certs instead of one..

.. that is why u need to manipulate instead of taking the known path.

is this true? coz last week I enquiry asb loan with maybank staff and they said that it will not affect any housing loan etc...

Thanks

if you combine all the cert, it will become 100k right? so u'll get dividen for 100k right?
please clarify this with "other officer" within the same bank.

for eg :

i apply 200k LASB but split into 2 cert. of course i'll get dividen of 7.5% for each cert right? combine this and u still get dividen for 200k.
becoz at the end of the day, u borrow 200k (in this e.g) so u supposed to get dividen for 200k. correct me if i'm wrong.

according to my friend, at anytime he wanted to say apply any loan (housing loan), he can just cancel 2 or 3 cert instead of 1 100k cert.
this enable him to get the housing loan as well as still get dividen from his "forced savings".

Chinese can apply?

Yes a convert can apply ASB and I'm one of them. I don't know abt this for 3 years after my conversion. Somehow I find it on the net.

Already rugi 6k x 3 years..