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 am I thinking it right...? government servant, no need to pay a single cent buyin house

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muscaa
post Aug 5 2008, 11:09 PM

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QUOTE(augkyos @ Aug 5 2008, 09:52 PM)
If i not mistaken. the lowest interest should be 4%-5% for any government loan. won't be 2.5%
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Govt Servant loan
Basic Salary Max Loan(RM)
1. 3500 & above 360,000
2. 3000 - 3499 300,000
3. 2500 - 2999 264,000
4. 2000 - 2499 240,000
5. 1500 - 1999 192,000
6. 1200 - 1499 156,000
7. 1000 - 1199 120,000
8. 800 - 999 96,000
9. 600 - 799 72,000
10. 599 & below 48,000

The interest rate is 4%. Dont know whether the ASN/ASB can cover the interest as the interest for house loan is different from ASN/ASB deposit (but I think ok lah with 8-9%)

muscaa
post Aug 6 2008, 04:50 PM

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QUOTE(n73me @ Aug 6 2008, 09:32 AM)
well i would say that 4% isnt that fantastic considering that now loans are going at BLR - 2.X ....  It used to be good in the days when the BLR were super high ...
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yeah, not much of difference between govt loan and bank loan nowaday.
muscaa
post Aug 9 2008, 09:16 AM

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QUOTE(dragony @ Aug 8 2008, 12:36 PM)
their interest is very low..i don;'t know how much.
but wat i know is they can use the low interest benefit once in a life only.
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4% lah, the interest never change like BLR
Not once a life, but can get govt loan twice, with condition that the first loan must be fully settled/paid before the second loan is approved
muscaa
post Aug 11 2008, 07:56 AM

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QUOTE(ah_suknat @ Aug 10 2008, 05:24 PM)
lol, I specifically mentioning bumi working in government because 1) only bumi can invest in ASB and 2)government servant can enjoy low interest goverment loan. why do i mention ASB, because it's one of the most stable, risk free investment.

which in my ROUGH calculation, (If it's right) IF they have 200k in ASB which historically showing interest earning of 9-10% pa, countering their loan of 200k with 4% interest pa to buy a house, it will work out they LITERALLY  don't need to fork out money to pay for the loan aka the house.

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Dont forget they can get another 5-7% discount on houses
muscaa
post Aug 12 2008, 10:51 AM

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QUOTE(scorgio @ Aug 12 2008, 10:33 AM)
I stated in my earlier post.

The financial reports of ASB, ASN, ASW was "furnished". Dividend payout "jacked up".

Go read the audited report, and you'll find the investment combination is similar to the local funds. But the local funds didn't make as much profit.

It's politically motivated.
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So basically it is a fund setup by the Govt using taxpayers money to subsidize and feed those lazy fella. shakehead.gif
muscaa
post Aug 12 2008, 11:04 AM

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QUOTE(scorgio @ Aug 12 2008, 10:57 AM)
Ur definition is quite accurate.
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For the same political and racial reason, the PNB fund like ASN, ASB will have annual interest which is higher than ASW (opened for all malaysian) and you have to queue up early in the morning 3.00am to purchase it (unfortunately it only open for purchase few times in a year). sad.gif
muscaa
post Aug 12 2008, 03:38 PM

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QUOTE(azfamy @ Aug 12 2008, 01:58 PM)
Actually, the ASB is meant for the poor bumis. Those who can't afford to invest in other funds.
Can u buy only a single unit (RM1) of stock in any other funds? I doubt it.
Why poor bumis? I don't know.
But with regards with the bumis, in terms of absolute numbers AND on a proportionate basis, comparatively, there are still more poor bumis than none bumis. 
However, the weakness here is the possible abuse of the funds where the rich bumis are also allowed to invest in this fund. 
Yes, the rate of returns is usually higher than other funds, and the capital fixed. The aim is to assist them. Would we want those poor people to remain poor? No, I'm sure we're not that selfish.
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yes i agree with you the distribution of wealth should be fair, and there is a lot of rich malay are taking advantage on the Govt policies (no need for me to elaborate more)

However i believe that poor people is not limited to Malay only, there are thousands of chinese, indian, kadazan, iban, bidayuh, orang asli etc who are poor. I think they deserve a chance to invest in ASN (Am i dreaming?) sad.gif
muscaa
post Aug 15 2008, 08:22 PM

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QUOTE(sanook @ Aug 15 2008, 07:48 PM)
I read his blog and see a senile old man deliberately avoiding issues that matter and focus on nitpicking microissues that offends him more than anyone else. everything that he farking accuese other people he was guilty of the same thing at one time or the other and yet he still exude this holier than thou attitude and keep on harping on the fact that people misunderstood him and keep on claiming that he has done his best and he has no regret..
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better dont read his blog icon_idea.gif

 

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