the 100k loan sure with insurance right? so u rugi insurance already..

once u took the loan, it will effect your housing loan..

will effect CTOS and CCRIS..

My general advice to young people who havent got a house and IS PLANNING to get one within an immediate future (2 to 5 years) is to avoid getting the ASB loan.

First of all, the loan will appear in your CCRIS and it will be considered as your commitment by all the banks except for, and with great credit-record on your side, the bank you took your ASB loan from.

The dividends from ASB can be used to "cancel" the commitment from the ASB loan, but most banks only accept an average from 2 years return, meaning if you take the loan today (at the end of the year) your average 2-year return will be lower come 2 years from today, and for those who havent received the dividends for 2 years in a row wouldnt be able to use it the dividend to "cancel" the ASB loan commitment.

A house is a necessity, an ASB isn't so much.

Remember, it's always important to cater to your basic needs of:

1. Food/drinks
2. Clothing
3. Shelter

And;

1. Basic 3 to 8 months savings as an emergency fund
2. Insurance
3. Investment.

Even as a mortgage broker I sometimes tell my clients to not buy a house before they have their emergency fund and insurance already set in place

I may be biased since I am managing a lot of funds for my clients and none of them involves ASB and they are earning more than 8% per annum anyway:

1. My advice would be to cut your loses, and get out while you can. You will incur some loses but your cash flow would be in better shape especially when you dont even yet have a house to stay. If you keep on renting for the rest of your life, the rental prices will increase along with the capital appreciation and you will see your loses there. Ive done the calculations on paper comparing ASB loan and housing loan for rental before on THIS VERY THREAD a few months ago... look it up if you will 

2. For short term periods (2 to 5 years) the differences between investing directly into ASB based on the instalment that you would have paid to the bank for the ASB loan are not too different (not to mention the upfront cost of insurance and what not). So once, or if you decide to cut your loses by surrendering the the ASB loan, you can always invest to ASB directly. By using an ASB loan you are depriving yourself other loans that are more crucial such as the housing loan, one that should be a priority for a house-less lad like yourself. 

I mean, if you already have 3 or 4 houses, 1 for staying and the other 3 for renting or flipping, then it would be very apt for you to weight the difference between getting an ASB loan and buying another property using a housing loan, but hey what did I say about this house-less lad again?
All in all, I blame the bankers who are less concerned about the clients financial well-being, lack of empathy for the working classes, and commission-minded predatory tactics. ASB loan has its pluses and minuses, but you wont be hearing the latter from the bankers.

wuwah.. a question..
how much is ur monthly ASB commitment?
how much is ur future house monthly commitment?

wow.. so good.. monthly commitment only RM900 but the rental is RM2k..