ASB Financing – How to make 100k in 5 years w. high certainty

If you have fundamental questions like:

  • What is ASB Financing?
  • Why ASB Financing?
  • And how ASB Loan or ASB Financing works?

(Apa itu ASB Financing? Apasal buat ASB Financing? Bagaimana diorang buat ASB Financing?)

Or even when you have more advanced questions like:

  • How to calculate ASB Financing to get 6 figures profit?
  • Or, which ASB loan is the best?
  • Is ASB Loan worth it?

(Cam mana kira ASB Financing dapat untung 6 angka? ASB loan mana paling best? Pinjaman ASB berbaloi atau tidak)

Then you’ve come to the right page.

Because this ASB Financing i guide is evergreen relevant in 2019, 2020 and beyond, whether you are taking ASB loan 30k, 50k, 100k or 200k.

Furthermore, if you scroll way below, you will also see a real example of an ASB account making 6 figures in net profit (keuntungan pelaburan 6 angka, caya la, jangan main main)

The What, Why and How of ASB Financing is explained in detail below. Just watch the video lesson below.

Highlights of ASB Investment either using ASB Loan or ASB Saving

ASB loans are basic term loans, and interest charged on ASB loans is calculated using the reducing balance method (similar to those used by Housing Loans and Fixed Deposits). Most ASB loans today use floating interest rates, so interest rates will change according to Base Rate.

Much like mortgage insurances, customers can choose to cover their ASB loans with insurance / Takaful that is financed by the banks

  • Flexible repayment duration up to 30 years (or age 65)
  • Up to 100% financing of RM200,000
  • For ASB Islamic financing, there is no lock-in period.
  • Extra monthly installments treated as advance payment, instead of principal reducing payment, therefore it does not reduce the total ASB loan interest charged.

How to Apply ASB Financing?

You can do it online via your online banking with any bank that offers ASB loan – both conventional or islamic.


What do you need to apply ASB Financing? (Syarat Pinjaman ASB)

Unbelievably easy. You just need to be:

  • Malaysians between the age of 18 and 65 years old at the end of financing tenure
  • Bumiputera status

Submission needs a photocopy of Identity Card (I/C) & proof of income (you must be able to afford the monthly repayments of your ASB loan la)

Specifically,

Employed

  • Latest B/BE statement
  • Latest one month payslip (for fixed salary) or three months payslip (for variable income)
  • Current/Savings Account statement showing salary crediting

Self-Employed

  • Latest B/BE statement
  • Latest six months payslip
  • Latest six months Current Account statement (registered under the Business)


Useful Supporting documents for ASB loan application:

  • CTOS/CCRIS report
  • Fixed deposit certs
  • Rental income proof
  • Unit trusts statements
  • Tabung Haji statements


ASB Financing Frequently-Asked-Question

Q: I need an ASB loan termination calculator

A: Here’s an ASB Financing calculator aka ASB Loan surrender calculator.

Note: Comment below ‘I want it’ to get a RM 30 off discount code (we will email to you so make sure you comment using your real email)


Q: How to terminate ASB Financing?

A: Check with your bank directly


Q: Which is the best bank for ASB Financing?

A: The one that offers the lowest effective ASB Financing rate. Any ASB loan with the lowest interest rate will make you earn your 6 figure return faster in no time.


Q: Where can I get details on ASB Financing Maybank?

A: Here you go


Q: Where can I get info on ASB Financing CIMB?

A: Here you go


Q: How can I get more info on ASB Financing RHB?

A: Click here


Q: Can I get ASB financing from other banks like XXX?

A: Yes, you can also get it from Affin Bank, Am Bank, Alliance Bank, Bank Muamalat, Hong Leong Bank and BSN. Seems like Public Bank and Bank Islam do not offer any ASB financing loan, but it may change from time to time. Always check the latest update over here


Q: How to do ASB financing comparison quickly?

A: Use the comparison table below

T&C to compareBank 1Bank 2Bank 3
Loan amount approved (RM)
Interest Rate (%)
Duration (years)
Lock-in-period (years)
Alternatively, use aggregator platform like Loanstreet to compare ASB loan packages

Q: ASB Financing CIMB vs Maybank – which one better? (Pinjaman ASB Maybank atau CIMB?)

A: Check updated details here versus here


Q: How do I know how much profit (untung) I will get after X number of years investing in ASB using ASB loan / ASB Financing?

A: You want to watch the video above, then if you need a done-for-you ASB Financial Calculator, complete with the ASB Loan schedule (aka ASB financing schedule or table, ‘jadual pinjaman ASB’), click on the button below.


Q: ASB loan vs fixed deposit – which one better?

A: You can watch this great explanation to understand more.


Q: ASB loan vs unit trust (saham amanah) – which one better?

A: Let me explain why this is NOT an apple to apple comparison although ASB is actually unit trust. Firstly, ASB has never gone into negative return territory, like ever while any retail unit trust can swing to a loss.

However, ASB profit (return) is somehow ‘capped’ between 5% to 8% per year (high consistency, low risk with high dividend returns and provides additional bonuses to the investors), while equity unit trust can give double digit investment returns. Secondly, you start with zero capital and on top of that, uses leverage (banks lend money to you) when you use ASB financing to invest in Amanah Saham, so rightfully, ASB returns will be better & more consistent versus investing in normal unit trust without borrowing any money as initial investment capital.


Q: ASB loan vs Public Mutual?

A: Refer to answer for – ‘Q: ASB loan vs unit trust – which one better?’


Q: ASB financing vs ASB loan?

A: Benda yang sama je. Terms often using interchangeably.

*ASB (pelaburan ASB, ASB investment)can refers to Amanah Saham Bumiputera 1 or 2, both by Permodalan Nasional Bhd (PNB)

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