the loan is totally worth it.my mother and my father take this loan when the first time it was launched.they both take 100k each.and now all my sibling car and their houses was paid by free money(pnb money).why i said it's a free money because the bank give u the capital to invest.let say u take 100k loan and u need to pay the bank 120k.but u not paying it by u own money.u pay using the dividend money that u received every year(assumed u take 20years loan).but u must remember not to touch the dividend too.if u say saving by ur own it much better it's not true coz u only saved rm600-700 a month.how much the dividend that u'will get that year.after 10years u still cant even enjoyed the same dividend the loan scheme for 100k received for only 1 year.plus if u a have the discipline to pay that amount of money every month.BUT if U DO HAVE A BIG CAPITAL TO START INVESTING IN ASB(eg 100k) then it's better than loan scheme.actually the bank did this scheme because they cant invest the bank money to ASB so they use the borrowers to invest for them.so they can get some money from the interest and the borrowers gain some free money from the dividend-interest(the interest usually BLR-1.xx-based on all my family asb loan interest).For me,It's a win-win situation.

sorry for the long posting.

this calculation based on my asb loan at maybank.i take this loan scheme since i was 19 and it's already 3 years now.
i paid 429 every month for 15years for my loan scheme.so for those who doesnt know where the 5148 figure at without(w/o) table this is the calculation=429x12months=5148.but for w/o loan table u must remember to deposit that 5148 amount lump sum at the early month of the year coz asb dividend is calculated based on the deposit date.so if not it will be slightly decreased.hope this table can help u guys make a better judgement.if my calculation was wrong feel free to let me know.




Loan
year initial dividend profit balance
1 50000 8% 4000 54000
2 54000 8% 4320 58320
3 58320 8% 4665.6 62985.6
4 62985.6 8% 5038.85 68024.45
5 68024.45 8% 5441.95 73466.4
6 73466.4 8% 5877.3 79343.7
7 79343.7 8% 6347.5 85691.2
8 85691.2 8% 6855.3 92546.5
9 92546.5 8% 7403.7 99950.2
10 99950.2 8% 7996 107946
11 107946 8% 8635.7 116581.7
12 116581.7 8% 9326.5 125908.2
13 125908.2 8% 10072.65 135980.7
14 135980.7 8% 10878.45 146859.2
15 146859.2 8% 11748.7 158607.9
Paid 77220
Nett Profit 81387.9


Assumption
no dividend withdrawal for 15 years
fix dividend at 8% every year
fix interest rate

Comparison
profit - 81387.7
punctual payment


W/O Loan
year saving initial dividend profit balance
1 5148 5148 8% 411.8 5559.8
2 5148 10707.8 8% 856.6 11564.4
3 5148 16712.4 8% 1337 18049.4
4 5148 23197.4 8% 1855.8 25053.2
5 5148 30201.2 8% 2416.1 32617.3
6 5148 37765.3 8% 3021.2 40786.5
7 5148 45934.5 8% 3674.8 69609.3
8 5148 54757.3 8% 4380.6 59137.9
9 5148 64285.9 8% 5142.9 69428.8
10 5148 74576.8 8% 5966.1 80542.9
11 5148 85690.9 8% 6855.3 92546.2
12 5148 97694.2 8% 7815.5 105509.7
13 5148 110657.9 8% 8852.6 119510.5
14 5148 124658.5 8% 9972.7 134631.2
15 5148 139779.2 8% 11182.3 150961.5
Paid 77220
Nett Profit 73741.5


Assumption
no dividend withdrawal for 15 years
fix dividend at 8% every year


Comparison
profit - 73741.5
must have good discipline to spend for every month
can be withdrawn for emergency

This post has been edited by tonyek: Dec 21 2008, 02:50 AM