ASB Calculator v2

This is cool
Thanks a lot

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hope you’ll find it useful

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Irwan,
I think there’s a small mistake on your bonus calculation in which u use 13 months instead of 12. e.g. the bonus for the first year should be $200

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corrected.

would u recheck, Hafiz. Greatly appreciate it.

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[...] Update: Too tired of numbers? Use my simplify ASB calculator instead. [...]

[...] Difference =$937.00 (2.435% increase in 10 years) Now it’s your turn. Grab this calculator and post what you got. Or you could just give the detail and I will calculate for you. [...]

why dont you calculate using the ‘islamic’ interest. the flat interest rate charged regardless the economic condition. it might be higher during the ‘good’ condition but the interest rate would remain the same during flactution course

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i dont even know there is islamic interest in asb. are you talking about general investment or specifically asb?

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hi irwan, i got lot of free time recently, so i have made some modification to your asb calculator. If you wish, i’ll send it to you.

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no prob…. send to my email. irwan6179[at]yahoo.com. ill review it for you

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Your calculator is impressive. Great work.

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how to calculate dividend and bonus (end of that year) if we start ivestment a middle of the year … let say july 2007

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izwan, did u recvd my e-mail?

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Hi wan, i recheck my yahoo for your email, it haven’t opened yet, and it’s dated early jun. Sorry for that. Right now I’m reviewing your calculator. I will make a post about it when I’m ready. Thanks for your contribution.

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[...] to M. Ridzuan’s time and neater Excel skill, he came out with some modifications to my current ASB calculator V2  and improved it here and there. Here are the new features of ASB Calculator [...]

main forex lagi best..untung byk 31%,halal…salleh

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i dont think forex is halal investment..

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forex is not halal…. the risk is very high. and we clearly informed that forex will invest in gambling and so on…

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Dear Irwan,
I took ASB loan after calculating whether I’ll loose or earn. Found out that I’ll earn ONLY if payment term is short. Eg: If you are ready to pay RM200 per month, look at the ASB loan chart and choose the shortest loan term (eg: 5 years for Maybank?) and look at the amount of $$ you should be loaning from the bank.
Maybank Yourself will be making money from your combined investment. Make sense?

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Terima kasih di atas sumbangan saudara menyediakan ASB calculator. Ianya banyak membantu saya menyedarkan rakan-rakan yang masih terpengaruh mengambil pinjaman ASB yang sekian lama saya tentang.

Jika dah mampu bayar bank untuk pinjaman ASB mengapa tak potong gaji untuk simpanan ASB bukan? calculator saudara boleh diaplikasikan untuk lain-lain produk saham seperti koperasi dan Lembaga Tabung.

Terima kasih sekali lagi dan selamat maju jaya. Saya akan terus mengikuti blog saudara.

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my culculation

if u saving 115 per month

1 year = 1380
dividen = unknown because some of ur saving still not anough 1 year to entitle the dividen

ASB load 15k for 20 years

monthly payment 115

1years = 1380
dividen = around 1300

the trick here.. only few people sign agreement for 20 year and they pay until 20 year

but most of them only pay until 3 to 5 year only
that what i was been told by that bank officer
i was about to cancel that ASB loan also at that time and he told me about this story

people only care about the dividen.. if u willing to pay higher.. take bigget acct.. dont care 10 years or 20 years..
after 3 to 5 year just cancel the aggrement..

i take 20k 20k total 40k
why not sum of 40K
that officer told me.. if let say something happen.. u got problem with ur financial.. u can cancel 1 acct and just continue with 1 acct only.. =)

if u hav time.. think about it
correct me if i’m wrong Irwan.. dont know someone get into trouble just because of wat if hv post here.. want to share only.. thinking to topup my investment lsomeday.. khi3

i dont hv capital to invest in unit trust or something else.. at least i can invest with ASB..khi3

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kalau tak complete loan payment tu, kita cuma dapat total amount yang kita dah bayar je kan?

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nope… tak semua.. kene tolak interest bank.. but still ok..campur dividen tahunan lagi..still masih berbaloi

kat bawah ni..culculation from my last acct
15k for 20years pay 115 monthly

when i cancel last month, i got rm2000 ( 2040.90 )

******************************************************************
month year dividen
7 - 12 2004 570
1 - 12 2005 1100
1 - 12 2006 1200
1 - 12 2007 1200
1 - 2 2008 ??

total dividen = 4070
my return = 4070 2000 = 6070

pay to bank for 44 month = 115 * 44 = 5060

clean cut 6070 - 5060 = 1010

******************************************************************

nampak kita baya interest tu banyak kan
aper boleh buat.. kita meminjam dgn bank.. that the cost we hv to pay

yes… u can saving monthly basis, but make sure discipline urself

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tapi i rasa.. kalau yer pon ada yg opt to buat monthly basis and how dicipline ur self is.. but dividen n bonus kalau simpan “dikit..dikit” tak la dpt full div n bonus kalau kita dump whole sum of yg kita pinjam.. i would say that package asb-maybank..is good, save time to keluar dan menyimpan and dpt full div n bonus.

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itu ler
saya mmg kearah mmbuat pinjaman, sebab takder capital nk start investment
skrang ni pun baru start invest dlm unit trust plak
doakn saya berjaya yer =)

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oh ye..nasib baik saya jumpa web ni..terima kasih irwan…banyak yang berbicara tentang asb loan nih..ada yang kata rugi dan ada yang kata untung..kalau ikutkan banyak faedah ..rugi tetap ada..tapi nak untung kena disiplin bayar tiap-tiap bulan…sy pun tak banyak pengalaman ..baru mula 2 tahun lepas…

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option aku mudah aje.. loan dgn bank then for the first year spend ur own pocket money for installment then the rest spend ur dividend utk bayar installment..

for example:
loan RM30K for 20yrs
let say average of monthly payment is RM206
let say average dividen + bonus is 10%

option 1:
———
Pelaburan Asal + (Dividen & Bonus@10% ) x 20years = RM201825.00

Perbelanjaan Pelaburan from ur own pocket (206 x 12 x 20) = RM49440

Bersih = RM152385.00

Our margin from spending RM49440 from our own pocket to get the RM201825.00 after 20 years is 308.22%

option 2:
———
Pelaburan Asal + (Dividen & Bonus@10% - installment for 2nd year and subseq yers) X 20years = RM62713.20

Perbelanjaan Pelaburan from ur own pocket (206 x 12 x 20) = RM2472 (for the first year only)

Bersih = RM60241.20

Our margin from spending RM2472 from our own pocket to get the RM62713.20 after 20 years is 2436.94%

TO ME, I PREFER OPTION NUMBER 2, THEN TRY GET HIGHEST LOAN AMOUNT AS POSSIBLE.

OPTION 1 PENAT LA… BAIK KELUAR DUIT POKET SENDIRI SPEND UTK BENDA LAIN UTK INVESTMENT.. BELI GOLD KE BUAT SAVING…

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Bagus idea tu, biar dividen +bonus yang bayar installment. Tapi semua bank ke bagi option tu? Which bank give the best interest rate right now?

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[...] Too tired of numbers? Use my simplify ASB calculator [...]

[...] Too tired of numbers? Or use the Excel simplified ASB calculator [...]

[...] in ASB | 5 Comments »Technorati: [...]

drpd bagi bank untung baik menyimpan secara bulanan…loan asb ni akan untung jika pelabur mati awal,katakan ambik asb 200k.bayar 10thn tapi mati lepas 5thn..jadi waris dptlah 200k tu tanpa sambung bayar sebab ada insuran mrta yg wajib jika buat loan asb akan cover…
tapi warislah dapat yg empunya nama ke alam barzakh!

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ASB LOAN
( This calcalation is not include bonus)

Total amount suppose to pay Maybank within 20 years :
RM 384.75 x 12 ( month ) x 20 ( year ) = RM 92,340

Maybank benefit as shown below:
RM 92,340 – RM 50,999 = RM 41,341

Clear Saving +ASB Benefit :RM 180826.38 – RM 92,034 = RM 88792.38

Year Benefit ( Yr ) Dividen (7%) Benefit(Mth)
1st yr 50,000 3,500 -93.33
2nd yr 53,500 3,745 -72.92
3rd yr 57,245 4,007.15 -51.07
4th yr 61,252.15 4,287.65 -27.69
5th yr 65,539.80 4,587.79 -2.68
6th yr 70127.59 4,908.93 24.08
7th yr 75036.52 5,252.56 52.71
8th yr 80289.08 5,620.24 83.35
9th yr 85909.32 6,013.65 116.14
10th yr 91922.97 6,434.61 151.22
11th yr 98357.58 6,885.03 188.75
12th yr 105242.61 7,366.98 228.92
13th yr 112609.59 7,882.67 271.89
14th yr 120492.26 8,434.46 317.87
15th yr 128926.72 9,024.87 367.07
16th yr 137951.59 9,656.61 419.72
17th yr 147608.20 10,332.57 476.05
18th yr 157940.77 11,055.85 536.32
19th yr 168996.62 11,829.76 600.81
20th yr 180826.38 12,657.84 669.82

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Own Saving….do u see the differences?

Year Benefit ( Yr ) Interest (7%) Benefit ( Mth)
1st yr 33024.49 2311.71 192.64
2nd yr 43024.49 3011.71 250.98
3rd yr 43863.27 3070.43 255.87
4th yr 46933.70 3285.36 273.78
5th yr 50219.06 3515.33 292.94
6th yr 53734.37 3761.41 313.45
7th yr 57495.78 4024.70 335.39
8th yr 61520.48 4306.43 358.87
9th yr 65826.91 4607.88 383.99
10th yr 70434.79 4930.44 410.87
11th yr 75365.23 5275.57 439.63
12th yr 80640.80 5644.86 470.41
13th yr 86285.66 6039.99 503.33
14th yr 92325.66 6462.80 538.57
15th yr 98788.46 6915.19 559.60
16th yr 105703.65 7399.26 616.61
17th yr 113102.91 7917.20 659.77
18th yr 121020.11 8471.41 705.95
19th yr 129491.52 9064.41 755.37
20th yr 138555.93 9698.91 808.24

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of coz the benefit by loan saving is less than by own saving…but, the money in bank by loan saving in the last 20th years is much more than by own saving…
RM180826.38-138555.93=RM42270.45

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and this is for me???if for others that saving not much as mine…u just calcalate it…is much less less than
RM 138555.93 i think….

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Clear Saving +ASB Benefit :RM 180826.38 – RM 92,034
= RM 88792.38

it is true that bank benefit is more than ours…
RM92034 - RM88792.38= RM3241.62 ( v lost RM 3241.62 ),but only until 20th years…after that…u own RM 12657.85 every year and till forever…

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for those have monthly income..i suggest that u dont withdraw any $$$$$$$( dividenssssss/ bonussssss from ASB )…just let it grow bigger and bigger…

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[...] Do you want some other analysis? Syokkahwin and  Irwan.biz has it nicely written. You may also use his ASB loan calculator. [...]