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 ASB loan, worth to get it???

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sidanos
post Jan 8 2013, 03:30 PM

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From: Selangor
QUOTE(hbh60 @ Jan 8 2013, 02:06 PM)
Hi,
Im wondering whether I will gain / lose money if do like this :

eg :
Current own money in ASB :  20k

1.Withdraw 20k from ASB
2.Apply 200k loan , 25 years , RM1100-1200 monthly
3.Pay the monthly loan payment for the 1st year using the RM20k from ASB own money.

u think this will work ? or will lose money by doing this ?

Thank you
*
After 1 year, u can actually use the dividend to pay off the installment for the next year.
If you are willing to wait 25 years to gain RM200k from RM14400(1200 x 12 months) investment, y not?
My advice is to apply the loan in November to get the full annual dividend.
sidanos
post Jan 9 2013, 01:51 PM

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From: Selangor
QUOTE(klenny @ Jan 9 2013, 01:07 PM)
will asb loan affect if i want to take mortgage in the future?
*
Yup, bank will see it as term loan.
sidanos
post Aug 21 2014, 05:46 PM

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From: Selangor
QUOTE(barcabodo @ Aug 21 2014, 04:56 PM)
i see.tq for the info. and is it true they said we need to deposit before 1st day each month to get the dividend? or else wont get it for that month. hmm.gif
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The dividen is based on the lowest amount in ur ASB account for the month.
eg. if 1st of the month u have 5k, u deposit another 5k only on the 10th of the month, then the dividen calculation will only take 5k because it is the lowest amount for the month.
sidanos
post Feb 25 2016, 11:27 AM

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From: Selangor
I applied for ASB loan via Affinbank earlier this month but the person contacted me last week saying that their quota for the 5% loan promo already finished.
Anybody knows if I apply from another branch will get same result or just better take loan for ASB2?
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