only bumiputra is able to apply right ? then there is total no chance for us chinese and indian right ? no ?

Sorry for noob question..If plan to take 200k loan from ASB, do I need to transfer my current saving in ASB to other account? Or just need to top up the balance to make it 200k?

how do you calculate ASB loan? is it like property loan, where u pay mostly interest first, then later pay the principal?

HI.Im quite newbie in these thing. What is FD?

the ASB loan from bank quite confusing m not sure how they calculate and come out with the figure so i jz follow the schedule replayment

I just ask the loan officer they said upfront payment around RM70 then they will help to get the loan for you
Im thinking getting 100k loan for 20 yr
After the calculation approximately 10yr to get 100k but have to struggle paying 660/month for 1st year but it worth it

wahh got upfront fee?

usually how much is the insurance? pay lump sum or included in loan? the higher the loan amount, the higher insurance need to be paid? 

thanks..i've received the call from bank that my loan has approved..
but the banker told me to transfer my current ASB saving to other account because 200k is the maximum amount for ASB..
not sure which one is right     

Not exactly correct. Your limit is 200K invested amount. This does not include the dividends you have earned every year. So if you already have say 50K in your ASB account, you need to check with the ASB agent how much of that amount is the principle investment. You only need to take out this amount in order to 'reset' your ASB account to zero principle. The dividends gained over the years can still remain without affecting your total ASB loan.

In fact, the correct method would be for you to confirm the original principle investment amount and then adjust the loan amount to suit. Meaning that if you have already invested 20K in your ASB over the years, then you need to only take a 180K loan to max the account instead of 200K which just gives the bank more earnings.

For those who have maxed the account, you cant invest any more funds into the account. But your dividends will continue to accumulate yearly so the total amount in your ASB account can be >200K with no upper limit.

i think better u saving urself.. my 1/2 cents 
coz u can use your 1667/month to lasb y not to ur ownself saving.

5 years u can reach 100k.

here the schedule [URL=http://brunialamira.blogspot.com/p/jadual-simpan-asb.html] (my schedule    )

so fast changing mind ... ..

For me, ASB loan is good with this mindset: "susah susah dahulu, senang senang kemudian". Pay the loan for 1st year and wait for 24 years to get money. .

I have a tips not "too struggle" in first year. If you want to get ASB loan, mid year is always the best time to get it.

Some wonder why?
Answer is you actually pay half of monthly commitment but it takes one and half a year.

Some wonder how?
Pay monthly commitment with dividend in second year.

Some still wonder how?
My calculate is when apply in June 2013 and my first payment will be due in July. July-December 2013, you are earning dividend. I myself took 200k loan for 25 years and paying RM1190 monthly till December. In early January 2014, I will get dividend, say 8%, I will have RM8000.

Use the dividend as monthly "subsidy". RM8000/12 = RM666

So, my payment on January-December 2014 that I USE MY OWN MONEY is: RM1190-RM666 = RM524!

Based on record, January 2015 onwards till the rest of tenure, I spend RM0 of my own pocket and get RM200k at the end of tenure. Sounds a good deal? Definitely!

ASB never fail to pay dividend at least 7-8% a year. Based on record for 20 years, we are pretty safe but anything can happen in the future. As for now, take the opportunity. Malay is  a bit lucky in this country. If ASB open to non bumi, I guess, ASB will be fully subscribe in no time. .

If asb profit is less than 7% so whats the strategy?

How about if blr raise..? Do we have plan b to avoid blr effect to lasb roi or revenue of dividen.

I want to know olso..

taking 100k for 10 yrs or 200k for 25 yrs? which is better?

Every extra payment u make for your loan will consider as advance payment but you must notify the bank first. Yes its the same like housing loan. At one time u will pay more than the interest. But in asb what you pay (principal) u will get back.

Every extra payment u make will carry forward to the next month

For example your loan 1100 and u pay 1300 the 200 will carry forward to the next month (only need to pay 900) It will not reduce your principal like housing loan.

Sorry u dun need to notify the bank. Asb loan use the same effective rate like housing loan but different terms.

Lol still on going? Last month they were like, you need to hurry because this promo is only for this month!!
This month my ass.

just for info

RHB ASB2 rate 4.5%

I can help with MBB and CIMB, it is 4.9% (promo extended) and 5.05% respectively.