Mar 26 2010, 11:20 AM
QUOTE(gark @ Mar 24 2010, 04:34 PM)
Aiyo, these people always easily get conned by bank. Go do your own calculations lah.
If you put RM 7,224 cash every year for 20 years AND if you can get 7.3% interest annually AND reinvest your dividends, your money will be worth RM 328,326.39 due compounding effect of interest. If you take the loan you will get RM 100,000 and not much else. Where does the extra 238,326.39 goes to? Ask the bank, as they will love you.
moral of the story....in 20years...u ll have savings RM100K++...........and ASB dividen like 2009 is 8.55%....every year dividen 7%-8%.....If you put RM 7,224 cash every year for 20 years AND if you can get 7.3% interest annually AND reinvest your dividends, your money will be worth RM 328,326.39 due compounding effect of interest. If you take the loan you will get RM 100,000 and not much else. Where does the extra 238,326.39 goes to? Ask the bank, as they will love you.
Let say u take ASB Loan 200K...
BLR : 5.80%
Promosion by Maybank now : -1.65%
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Final = 4.15%
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monthly will be RM1,100-00
Tenure for 25years
Assume Dividen 7% (total dividen 2009 8.55%)
Payment : RM1,100.00 X 12 months = RM13,200.00
Dividen : RM200,000.00 X 7% = RM14,000.00
EXCESS DIVIDENT = RM800.00
so u can use the dividen to pay the next 2nd year untill 25Years.......correct me if i m wrong..................
Quote
Look at the calculation of my last reply. 
. Just imagine since you are going to pay Maybank RM 1,100 for 25 years, what if instead you pay the bank but pay to ASB instead? What will the results be like?
Don't get conned by bank easily. 
Also refer to my last post, are you sure you will goyang kaki for 25 years? Not the bank goyang kaki ah? Invest via maybank you will lose -1.6% per year wor.... 
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