bro call your bank CS..they will advise u. usually bank will revise according to current BR/BLR. unless ur loan is fixed interest.

some banks they dont revise the monthly payment but your tenure will be shorter or longer. again have to confirm with ur bank. preferably if u have the home branch of your loan even better. hope it helps

“For any adjustment to the BR and BLR, banks are obligated to provide borrowers with particulars of the revised monthly instalment amount at least seven calendar days prior to the date the revised instalment comes into effect. If the change in the monthly instalment amount is less than RM50 per month or the bank’s internal threshold amount, whichever is lower, a bank is permitted to retain the borrowers’ monthly repayment amount,” said ABM.

If, however, the charge is more than RM50 per month or the threshold amount, banks are allowed to revised the monthly instalments unless a specific request is made by the borrower to retain the amount, it noted.

net profit for both saving and loan is meaning free money. if u dont want to deduct RM1100 X 36 months still the ASB loan is higher than own saving.

RM44,029.11 (own saving) vs RM54,009.60 (LASB)

I dun understand your logical. Anyway those who make asb loan and found it less profit than asb saving is because they do it with the wrong method ie, short loan duration, full takaful, high interest rate, use the dividend and so on.

Every cents you put into asb saving is part of payment or contribution. Therefore when you want to calculate the nett profit you need to deduct it with your total earning. You cant use the money right? Thats the reason. If you use it then your asb wont compounding. Am i correct?

What you are trying to explain is 100% misleading when you said your saving in asb account no need to deduct because its your own money.

The difference between asb saving and asb loan is, asb loan get an upfront payment from the bank to invest big from the start and you need to pay for the installment to the bank. Thats only.

If u still think you are correct than i cant help you further. You either understand or try not to. You can keep what you believe and other people can follow my teaching if they want. No forcing. ✌

Loan
Amount: RM200,000
Interest: 5%
Term: 30 Years
Monthly Payment: RM1,074

Terminate after 10 years.
Total Paid (to bank): RM128,880
Total Interest Paid(to bank): RM91,520
Total Principal Paid(to bank): RM37,316
Accrued Interest (Flat @ 7% per year): RM193,430
Final amount: RM401,932.28
Principal Left (to pay bank): RM162,684

Therefore: 401,932.28 - 162,684 = RM239,248.28

FYI: The total amount paid to the bank.. Does not take into account any additional fees, insurance, BLR fluctuations, etc.. aka, could be lesser or whateva..
Own Cash
Terminate after 10 years.

Base Amount: RM30,000
Total Amount Invested: B.A + (RM1074 * (12*10)) = RM158,880.00
Accrued Interest (Flat @ 7% per year): RM88,387.30
Final amount: RM247,267.30

Base Amount: RM30,000
Total Amount Invested: B.A + (RM1100 * (12*10)) = RM162,000
Accrued Interest (Flat @ 7% per year): RM89,793.76
Final amount: RM251,793.76

Base Amount: RM50,000
Total Amount Invested: B.A + (RM1074 * (12*10)) = RM178,880
Accrued Interest (Flat @ 7% per year): 108,580.53
Final amount: RM287,460.53

Base Amount: RM50,000
Total Amount Invested: B.A + (RM1100 * (12*10)) = RM182,000
Accrued Interest (Flat @ 7% per year): RM109,986.98
Final amount: RM291,986.98
291,986.98 - RM239,248.28= 52,738.70
As to others... These are MY calculations and made to my specs... Some people love to live on borrowed money.. others don't and love freedom while making more.. To each his own.. I sleep amazingly well @ night..

Asb is a good debt. Even when you terminate your asb you are still getting paid from the principal surrender value. Dont compare asb debt with other debts its not the same.

Asb debt you are growing money from the amount you loan. From there it will grow because of the dividend distribution. The only contra for asb is the loan interest rate might become higher than the dividend. If this happen you can always terminate your asb and there is no more debt you need to pay for.

Saving is gud yes correct and zero risk but you not optimize the potential return you can get.

Plus the other reason when we use our own money to save the chances to use the money back is very high. But when you make loan the only money you can use is the dividend. Still your amount of investment keep remain and can be reinvest for the next year. Either you let it compounding, using the dividend to cover for the installments or you want to use it, it is your choice to make.

As long as you have the capability to pay for the loan go ahead. When you are not just terminate it simple as that.

I already make asb loan almost 3,4 times already since im young. The differences i can see from the past and today, now asb loan facility are more flexibles. No more lock in period and takaful is not compulsory plus lot of of promotional rate offered by the banks it give more advantage to the people than the bank.

So why should you afraid? As long as asb dividend is still relevant and higher than the interest rates just go with asb loan facility to optimize your potential return and reach your goal more quickly than do asb saving.

LOL.... you quoted me yes... selectively... like selective reporting to twist the FACT. You didn't include my "But!". I go on to show you that you would make 37k more... somehow, you're blinded to this FACT? maybe your mind is so closed that you can't see the FACTS. Funny to me cause you keep mentioning this word here...

So here goes...
*from the earlier example started by you... you actually make 37k more taking the loan... even with the base amount...FACT!
*You have yet to dispel my calculation on how I arrived at it... FACT!
*Even if things go south, like dividend goes below 5% or interests jumps to 7%, you can always terminate and walk away with no further cost or losses. FACT!

Look, I don't mind you not believing me. It's your money and like you said to each his own. And I don't mind a little discussion and show of FACTS. But the end result is shown to you already but you choose to ignore it.

FACT is, I'm done trying to show you. Just hope you didn't deter anyone else from taking the loan and denying them the oppurtunity.

Why there are still some people think asb loan facility is a risk?

No lock in period which means you can terminate anytime u want is not a risk at all if you understand it.

Because less dividend every year? Wow if you think that way then dun invest. You better put your money into scam mlm scheme who promise you fortune in a short time.

You guys need to understand our current economy are quite challenging. Therefore as long you are getting the dividend its ok.

When you are not getting it yet or below than the interest you are paying you can just terminate your asb. Simple. No more commitments to the bank. The bank will take back the balance they own and return the principal you had paid so far.

Plus when you are not paying your loan 2 month in a row automatically bank will terminate your loan. But your ccris will gone bad. So if u dun want to pay your loan anymore apply for termination.

I already said many times asb loan are difference than housing, car or personal loan. Its much simple than all of it. So why still afraid? 🤔🤔🤔 Change your mindset. Dun think so negative. Asb loan is a gud debt because its making money. Ok. ✌

Seriously guys... You gotta get that notion that all loans are bad. With quotes like "why let the bank make my money?" "bank saja yg untung". "hutang sampai mati".

The key word here is OPM... "other people's money" for the less savvy. Specifically, the 'other people' meant here is the bank. The banks money. We are using the banks money to make money.

It's not a new concept or strategy. It's nothing new... Big companies do it. If they have 100k in cash, they are not going to buy just 1 lorry. They will take hire purchase  and use the 100k to put a down payment for 10 lorries. So, they use banks money to buy the 10 lorries worth 1 million. With just 100k. That 10 lorries then make 10 times or more the money 1 lorry can make...

And there's no risk. It's been said many many times. If things get too hot to handle, like dividends goes below interest rates for instance... Then just terminate. You get your principal back and just walk away. Zero cost, zero risk. Yes the bank earn your interest, but don't forget, if you're 6 months in before you terminate, you still get that pro rated dividend at the end of the year.

And yes... ASB is not the only investment vehicle... Can earn more elsewhere like property... Can earn 500% increase in capital.. Yada yada yada. Open business can earn more money... Yada yada yada.... Firstly, this is ASB loan thread... So we discuss asb loans for those wanting more info on this. Some are looking for low risk investment. Some cannot get loan for property, some don't have business acumen, some already have 3 properties and looking to diversify... The point is... Dun la go and compare ASB loan with other forms of investment. Different people have different risk appetites and goals at different stages in their lives.

Then there those that waltz in here and make  passing statements this one better la, that wan better... This one no good, that one no good... Backup your statements with figures and facts la dudes.... Not to say cannot discuss... Caaan... But show how you arrive at your conclusion la. Then ada pulak some hero that give calculation to prove his/her statement. That's awesome... But when there is a counter argument equally with figures to back up also dowan to mengaku Choose to ignore and name subjective facts to backup like historical analysis, etc. This kind of people is a breed of their own.

Bro haziq has spent a lot of time explaining and calculating figures to show in a systematic way how this works and how you can make money. Some have retirement in mind, some want to purchass car in cash or settle HP as soon as possible, some want to raise cash to have their dream wedding, etc. Whatever it is we don't judge. But at least show him the courtesy and respect to have a meaningful discussion.

Yes correct. Asb2 only can use cash. No more financing method.

Yes Asb 1 still allowing loans.

Well about that im not too sure. But for now CIMB doesnt accept anymore for asb 2 financing. Maybe RHB have some quota left for financing. As far as i know each bank have their own quota for financing but follow to what is left from the reserve quota at PNB. ASB 2 quota only 10 billion. An last i checked still left 2.6 billion quota.

I have applied for 200k ASB loan from Yellow Bank but I am not sure about the extra 'Profit Charged' in my account.

Description                Debit                   Credit

PROFIT CHARGED++++++RM625.79++++++++++What is this extra 'Profit Charged'?        
RTA PREMIUM DEBIT++++RM6,896.00+++++++++PRTT of 30 years (have to)
GST DEBIT ++++++++++RM3.00++++++++++++GST charge on the ASB cert
MISC DR - CERT FEE++++RM50.00++++++++++++ASB cert
DISBURSEMENT+++++++RM200,000.00++++++++The loan amount
The banker never mentioned about it only the ASB cert, GST and PRTT part, I will surely contact my banker for explanation.
Can someone explain how that 'Profit Charged' came from?

interest charges
maybank make it compulsory to take takaful with asb loan

Sigh.... Can't we all just get along?

Sorry for out of topic, can we increase cc credit limit using Asb dividend?

I see. I'm not too sure about credit card but if you were to apply for a loan from them. Then they would definitely take the ASB dividend into account. Perhaps you want to ask them (their hotline) directly.

Oh they would cancel the CC if you stop investing your money into their FD? That is super lame.

Hurm. On the other hand, I know people who have business loans are given CC for free. Problem is, for this story, the CC and business loan was attached to Bank Islam. BIMB forgot to mention to the Chinese business owner that the CC is no-good for use in non-halal places. So this fella brought his friends/partners/clients to a non-halal place to belanja, and upon payment, the card got declined. Drop water face.

Also, for the mortgage-FD pledging, hardly that the bank would cancel the mortgage, I do not think it was linked in that sense. Not too sure about CC though.

Sorry going tangent, we really should go back to ASB discussion although this is somewhat related (wanted to know if ASB dividend can be used to supplement income for CC application)

Most of the banks allow it. And when I said "refinancing", this is what I mean:

1. the loan application for the new bank is applied while the current ASB-financing is still on-going

2. the new bank will "ignore" the commitments from ASB-financing from the current bank. This is important if you have maxed your DSR with the current commitments that you have

3. Once the new bank approves the financing (with better terms than the current bank), the client can ask the current bank to cancel the current bank's ASB-financing and to sell the certificate-units (the certificate value minus the current loan outstanding)

4. Once the ASB account is empty, I will inform the new bank to disburse the fund into the ASB account

Just letting you guys know, currently the best rate for ASB-financing is 4.85% p.a.

Benefits of doing refinancing over "cancel-then-apply":

1. you will only lose 1 month's worth of dividend and not more
2. secure your new financing before making a settlement for the old one

Guys, with all these dividend announcement talks aside.
Got a question on cc application. I have a feeling that this asb finacing is affecting my cc application. Its taking 26% of my income. I applied for hsbc, public bank, citibank and standard Chartered. All rejected my application.
I have 5 other cards (mbb/cimb) with total limit 20k.
No outstanding/latepayment
What the heck... im missing out on freebies...

Along the way, terminate and reaaply every 3 years

ASB3 and ASD is the same thing? Rarely heard about ASB3

I see. Thanks for clarification. So far, no financing available for ASB3 yet right?

I've had a client who got approved in November 5 (more than 2 months ago), and his offer was still valid until we cancelled it to reapply due to other circumstances. The bank didn't push for the disbursement; the issue was wit his current bank, that is taking too long to cancel his current loan.