How much would i save if i change my current asb loan 5% to ambank asb 4.75% loan?
My current loan left about RM190k (Which includes Takaful Insurance RM8k).
ASB loan, worth to get it???
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 Jan 3 2018, 10:23 AM
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#1
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208 posts Joined: May 2005 
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Jan 3 2018, 02:26 PM
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#2
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QUOTE(junclj @ Jan 3 2018, 01:13 PM) The exact difference for 200k between 5% and 4.75% is just RM27.50. Thanks.You can use excel to calculate, just use the formula below: =pmt(rate/12,months,PV) rate is 4.75% & 5% months is the period of your loan, eg 240 months for 20 years. PV is the amount that your personal loan, eg 200,000 for example, =pmt(0.0475/12,240,200000) =1292.45 =pmt(0.05/12,240,200000) =1319.91  I'm not sure monthly payment for 4.75% but for 5%, every month im paying RM1,218 for 25 years. Is it too much? My guessing if i take the 4.75% without takaful, I would be paying around RM1,150/month approximately? This post has been edited by uk9089: Jan 3 2018, 04:24 PM |
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Jan 3 2018, 02:30 PM
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QUOTE(foofoosasa @ Jan 3 2018, 02:28 PM) I thought the max is 200k for each new account? Unless you have accumulated capital (a) + dividend (b) are not withdrawn, then the amount will be (a) + (b)? HusbandASB - RM200k ASB2 - RM200k Wife ASB - RM200k ASB2 - RM200k Total = RM800k |
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Mar 20 2018, 11:46 AM
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If i cancel my asb loan together with the insurance, will they refund me the insurance together or only excess of repayment?
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Mar 20 2018, 11:53 AM
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#5
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Oh, i need to check with the bank.
I borrowed 200k and like what you said takaful 7k. yes 207k, i've paid until loan 197k (2 years i think). cancelled and they refunded me 2.5k. I applied maybank islamic asb loan. |
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