Good morning!

Does anybody here have any tips on how to utilize account remaja to get max dividends? My wife and I account is already at limit and so far since my son's birth, I've managed to put aside rm1k every month into his ASB. Obviously, I prefer to max my son's account to get max dividend. Any way to do it?

Hello all!

I just cancelled my ASB loan on the 12th Jan. When will it take effect? The LO said 1 to 2 months to take effect. Normally this long eh? I cancelled at a different branch than the one i took up the loan with.

Simple advice: Take what you can afford.

Hello Everyone.

I was wondering if all the banks that offer ASB Financing uses only standing instruction as payment method?

Is there a bank that offers self payment? Meaning I dont have to open an account with the bank if I want to apply for ASB Financing.

Thanks for the info.

Additionally, I can confirm maybank also allows self payments.

Incidentally, what is interest rate on CIMB ASB Financing?

Just curious.

Why would someone take the ASB Financing without Takaful?

I see. Thanks.

Incidentally, how much a difference does takaful make on the monthly payments?

Based on this statement, am I correct to say its not wise/recommended to cancel current ASBF and reapply for a new one solely for the lower interest rate if you have already service your current ASBF for a long time?

Hello all,

I know this may seem like a weird question but may I know what's the maximum tenure on MYR200,000 ASBF if I can commit only rm1203 a month. With and without takaful.

I cant seem to find any reliable ASBF payment schedule online and frankly, it's not convenient for me to go to the bank at the moment.

Thank you for your quick reply.

I actually want to know what's the tenure on MYR200,000 ASBF if I can pay exactly MYR1203 a month. Not the maximum tenure. Sorry for the confusion.

The reason I'm asking is that I already have an ASBF and I wish to refinance WITHOUT extending my current tenure and WITHOUT increasing monthly payment.

Just curious, and maybe a little off topic.

How many of us here uses the dividens for other than rolling? I pay my ASBF monthly and use the dividens and bring my family to go on a nice holiday every year.

I feel there's no point saving so much if you dont enjoy life. Obviously, Do Everything in moderation.

Again, was just curious. Dont bash on me for not rolling my dividens. =P

Thank You =)

Any idea how much this means in dividens for us who have rm200k in ASB financing?

My plan is to apply for a new ASB Financing and use this year dividens to pay it off monthly.

If the situation allows it, I would also like to cancel my wife's ASB financing (at 5.25%) and use its principal payout to pay for a 2nd ASB financing.

My wife's ASB is already at 5 years and should be getting about rm20k in principal payout.

This has been my plan for some time. Just waiting on ASB announcing their dividends. Will probably start the process next year.

Unless someone here knows for certain I can start the process of cancelling and re-apply for ASB financing now (while ASB is still closed)?


Additionally, is 4.85% offered by banks or only via you sir?

Good Morning All,

The ASB spreadsheet is purely compounding the dividend earned right? Means you still pay the ASB Financing monthly from your own pocket till end of tenure.

or am I wrong?

This post has been edited by zeronuker: Jan 5 2019, 09:08 AM

Maybank is offering at 4.9%. My wife saw it on the 2nd of Jan when she went to cancel her current ASBF which was at 5.25%.

Hello Everyone.

Has anybody recently cancelled their ASB loan? I cancelled mine with MBB on the 2nd Jan and just got off the phone with them. They saying its gonna take 4-5 months to cancel. I still gotta pay in the meantime.

It really takes that long?

I just got off the phone with the branch that I did the loan and they confirmed that they already sent in the paperwork for cancellation on the 7th Jan. That branch says it Might take a month at most. So I guess I'll just wait till end of Jan.

The branch that said 4-5 months was the one closest to my home and I did the cancellation there instead of the branch where I took the loan.

Additionally, the ASB loan payment due is on the 1st Feb via auto debit. Must I stilll pay if just say havent fully cancelled yet?

Hello everyone.

So I cancelled my MBB ASB Loan at Branch A on the 2/1. I called Bank A again to ask for any updates, said it'll take 4-5 months

I called Branch B (the Branch where I actually took the loan) later on and they said they already submitted the paperworks for cancelation to ASNB on the 7/1. They also said Branch A was lying and it'll only take at most 1 month to process.

Its 2/2 now and my ASB Loan account showing outstanding payment already. I know I'll have to pay but I wont. Not yet anyways since I was told there's some grace period. Is this true?

My worry is that they wont give the principal till I pay the outstanding. I'm also worried that if I pay the last installlment, they wont give back the principal portion of it.

Anyways to solve the situation I'm in? Presistenly Calling MBB Branch B doesnt seem to work





p.s. Last time I will ever deal with MBB on any loan. Not efficient at all. At least at both these branches. Sorry to any MBB agents here.

What possible benefit do they get from this practice?