Not sure about Affin, but the rest is true

I am offering

RM50k and above

1. 4.80% p.a with insurance/takaful (5 years tenure)
2. 4.85% p.a without insurance/takaful

Below RM50k

1. 4.90% p.a with insurance/takaful (5 years tenure)
2. 4.99% p.a without insurance/takaful

Let me know if any of you guys are interested.

This goes to eastwest too, when deciding to get the minimal Takaful or nothing at all when getting an ASB-financing. The few things that you should be aware of is that Takaful is never compulsory, but minimal Takaful would allow you to get lower interest rates, of which may end up having lower installment than without Takaful with higher interest rates. Read more to see the illustrations

1. Right now, the best bank in terms of rate is giving 4.85% p.a. with minimal Takaful of about RM400 (one-time) which covers death/disability for RM100k and with a 5-years tenure of coverage. Consider this Takaful "useless" in terms of protection, and only good to reduce the interest rate to the "best-in-market" 4.85% p.a.

The monthly installment for RM200,400 loan (the RM400 being the financing for the "minimal Takaful"), at 4.85% p.a, for 30 years tenure is RM1,058/m.

2. Alternatively, some of my clients are vehemently against "Takaful", as such end up getting higher interest rates of 4.90%.

The monthly installment for RM200,000 loan, at 4.90% p.a for 30 years tenure is RM1,062/m

Readers with a pair of sharp-eyes may notice that even with an extra RM400 financing, due to the lower rate of 4.85%, you end up paying less on a monthly basis.

Note: This does not apply to all banks and bankers (or brokers), because some bankers'/banks' "minimal Takaful" is absurdly high; I have seen figures quoting RM4,000 premium, meaning you would need to get a financing of RM204,000 to get the "best" financing interest rate offered by that particular bank. This is because the bankers' job is to promote (sell) takaful, and the more premium that they have you pay, the higher their commissions and contributes to them fulfilling their KPI

Note2: It is not wrong to sell and upsell for the sake of commissions/KPI, I am a sales person too and I have a KPI that is to fatten my wallet, but all intentions must be clear and sales processes to be transparent.

if got takaful, then takaful will cover loan balance, waris dapat asb cash full amount (only if asbf takaful full tenure not short term macam 5 yrs only)
if no takaful, inform bank & will terminate asbf
no need to settle loan..