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ASB loan, worth to get it???
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wts6819
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 Oct 29 2015, 12:52 PM
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QUOTE(elf-boy @ Oct 29 2015, 11:22 AM) Is there a reason to take the asb loan during start of the year instead of now(end of the year) due to dividend? If taking the 200k loan means the account need to be cleared empty first? I just started working and thinking of taking the loan Just to get full dividend on it. No issue if you taking now. I taking my first 100k asb loan few years back around Oct. Yet I still manage to get 2k+ dividend from it. Notbad.jpeg btw, I suggest you to divide it into 100k + 100k. Easy for exit plan.  |
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wts6819
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Nov 24 2015, 08:29 PM
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Agree.
But i advice to diversify the investment. At least there few other investment can cover one another if goes wrong.
I did invest property a lot too. It took me a while to get through 2+ props along with ASB loan. Bank dont like it.
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wts6819
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Jan 6 2016, 07:52 AM
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QUOTE(exitsortie @ Dec 31 2015, 01:52 PM) You can terminate after 1, 2, or whatever year you choose. If you do the math, assuming the loan payment for subsequent years will be paid by divident from the previous year, your effective annual roi will slowly go down. Which means, if you terminate after, say, 3 years, you might get an effective annual roi of ~25% (this is effective annual roi, the actual 3-yr roi will be ~3x that) and that is still very high. Using the divident to pay off your loan will maintain your 'capital' only at 3300 from that first year. So yes, the asb loan roi maximization will be realized AFTER you terminate the loan. The beauty of it is you can choose whenever to terminate in any year in any month and get that high return. This allows you to 'bail out' if interest rate gets too high and after doing the math you felt like it's not worth it.
And you might think this is too good to be true, but it is true. The risks would involve both the divident and interest rates (and your DSR). And also, PNB can at any moment start disallowing new asb loan, so it's not like you can continously do this loan-terminate-reapply forever, even though we hope we can actually do it forever And as others had mentioned, buying the asb-rta will reduce your roi but you will get protection. For my case, i'm not buying asb loan for protection, but for roi maximization. Thanks for the hint. ROI 25% in 3 years is consider very good IMHO. I also active in property investment & rental. However, property investment seem going to slow down. Time find other strategy. I haven't open ASB2 account yet. Having 100k ASB loan on the 3rd year and compound it. Let me try with small test 50k ASB loan for 2-3 years and see the outcome. btw, I believe now most of the bank will waive CCRIS record for ASB loan when you applying Home Loan if you've copy of ASB Loan Letter Offer. I did that early last year. |
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wts6819
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Jan 6 2016, 12:20 PM
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QUOTE(Davez89 @ Jan 6 2016, 10:31 AM) couldn't find any info regarding waive of ccris record for asb loan..  You can talk to your banker about this. Maybe my portfolio with HSBC Bank is strong enough and having good tracking record. I got 1mil+ loan with them so maybe they want more money from me.  |
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wts6819
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Jan 6 2016, 12:27 PM
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QUOTE(Syd G @ Jan 6 2016, 11:56 AM) Price:rental ratio is getting better compared to last year. The ratio was super crazy last year that rental is not enough to cover a 30y monthly installment at such a low interest rate environment. Well at least in areas that I'm interested in For capital appreciation, yes it's slowing down. But the best time to buy is during a slowdown when ppl dun hv enough holding power and prefer to dispose with some losses. With current property price, most rental cannot cover 30yrs monthly installment. That's why holding power and back up money is required. Good thing about property slowdown now is the developer giving various discount and freebies. I found some developer giving a very good promotion. Sadly, I don't have enough bullet for big game yet. 2-3 years ASB loan with ROI 20-30% is one of decent way for me to regain bullets. Subsale can't do much about it. Wait the owner throw price then. |
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wts6819
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Jan 7 2016, 07:44 AM
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QUOTE(mt24 @ Jan 7 2016, 07:27 AM) Today going to submit 170k loan. ASB2 is good as ASB? Whoah 170k! Max out loan ya.  ASB1 = 7.25+0.50 ASB2 = 7.50+0.25 I usually look at first figure. Didn't hope much at the Bonus(+xxx) cos I nvr plan to put it inside so long. |
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wts6819
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Jan 7 2016, 12:51 PM
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Is there any grace period after terminating ASB loan?
Let say having 100k ASB loan with CIMB Bank then after 1-3 years terminate it, then re-apply again new 100k ASB loan after previous loan successfully terminated.
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wts6819
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Oct 26 2016, 01:19 PM
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Looking for ASB CIMB consultant. Plan to get 100k-200k loan for ASB2.
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wts6819
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Oct 28 2016, 02:33 PM
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QUOTE(haziqnet @ Oct 27 2016, 09:03 AM) can contact me...im ASB CIMB consultant...im glad to assist u anytime u free day or night... I already engaged CIMB consultant. Thanks for offer. Will look for you if wanna deal in future. 👍 Ps: there is very large market at both sabah and sarawak region. Most of them didnt aware about the technic that you guys shared. |
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wts6819
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Dec 22 2016, 01:02 PM
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Asb dividend = 6.75+0.50
This is not a good sign.
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wts6819
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Dec 22 2016, 05:24 PM
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QUOTE(ishumi @ Dec 22 2016, 05:14 PM) Should i terminate my asb loan? is it still profitable for long term? currently using maybank loan for 200k.. aiyayaya  Depends on your objective. If you do it as force saving then go on cos it is still higher than your loan value. If you do rolling dividend, you will might consider to terminate it. I max ASB1 loan and been running for 3 years without withdrawing any single cent. I believe current rate is still acceptable. Rather than I simply spend the money at others. Haha. Tbh, mebeng asb rate & tenure tak boleh pakai. This post has been edited by wts6819: Dec 22 2016, 05:26 PM |
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wts6819
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Dec 22 2016, 10:47 PM
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QUOTE(annas473 @ Dec 22 2016, 06:59 PM) I would recommend force saving. If you intend to terminate it, do it after 5 years. QUOTE(ishumi @ Dec 22 2016, 10:08 PM) force saving actually  hehe.. btw which bank give the best and lowest rate right now?  I use CIMB. Rate 5.0%. Affin Bank may give 4.9% |
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wts6819
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Jan 8 2017, 10:46 AM
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Now waiting for ASB2 performance. Hope not doing so bad. If can get 6.75% is a great thing . I'll add remaining asbf 100% for ASB2.
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wts6819
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Apr 9 2017, 03:18 PM
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ASB2 also pancit. Not sure wanna make my ASB2 full or not yet.
Monthly commitment alone already took me about Rm5k/month. 1.6k/month for asb+asb2. Remaining is property, car & insurance. Planning to let go property to reduce load due to bad market.
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wts6819
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Oct 27 2017, 02:46 PM
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QUOTE(Ronald K. @ Oct 25 2017, 11:15 PM) Seems that not many are aware that Ambank offers ASB financing too. Anyway, Ambank ASB/ASB2 financing promo is still available @ 4.75% for 100k and above. Max tenure is 30 yrs with no lock-in period, and takaful is optional Let me know if the promotion still available during Feb/March 2018. |
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