ASB Loan Plus OD Method – The Beginning
Maybe a lot of investors especially Malays are interested in the method of using ASB loan and Overdraft Facility. Recently I have been able to have a long chat with Bro Lat who get to know this method through his Sifu Awang. With his permission, I’m going to explain mainly about the concept of this much hyped method in the next posts. Right now, I would recommend those who are interested in this method to give a read-through for the document below. The document describes about this method and step-by-step guide in Bahasa Malaysia.
Pengurusan Kewangan Yg Betul.doc
Any questions are welcome.
clarification : The term loan here is not pointed to specific loan for ASB because loan for ASB can’t be used for OD application. Use of personal loan or own money is some of the options.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
it’s nogold.com but i got directly from Mr Lat
[Reply]
RHB does provide OD with their ASB loan right? or wrong…
http://www.rhbbank.com.my/loans/asb_loan.shtm
[Reply]
it seems it does provide it. better ask the agent first before making any move.
[Reply]
usin reply on March 11th, 2009:
Hi irwan,
macamana dgn od masa gawat ni?
ada effect tak?
kalau i ada cash rm15k pastu buat sijil asb,
buat OD ,dlm masa yg sama i nak guna duit tu….
boleh bgg idea tak nak uruskannya?
thanks
[Reply]
Irwan reply on March 11th, 2009:
I would say stay away from OD. Since ASB rate is most likely to be lowered, there is no apparent advantage of using OD in uncertain economy. You will only increase your risk without gaining any worthy returns.
[Reply]
usin reply on March 12th, 2009:
thanks for the answer..
So u ada cara tak mcmana nak buat …
i nak guna duit tu tp dlm masa sama i nak saving….
thanks
here is the discussion link at nogold.com
http://nogold.com/forum/services/16636-pengurusan-kewangan-yg-betul.html
[Reply]
hey, the OD facility sounds interesting but i seriouslyyyyy dont understand. anyone can help and explain?
[Reply]
[...] explanation of the ASB loan with OD facility. You can download the Bahasa Malaysia Version in my earlier post. This is not a step-by-step guide as I haven’t try the method myself. Instead, I will try to [...]
Hi irwan,
saya dah baca dan agak menarik. tapi ada satu missing, bila kita kena bayar hutang yg kita ambil untuk beli asb tu?
[Reply]
irwan,
saye pon rase strategy OD-ASB tu missing part utk baya hutang (hutang yg dibuat utk adekan initial money utk apply OD tuh).
[Reply]
Master Zen reply on October 9th, 2008:
Hutanng tu assume dah termasuk dlm monthly expenses kita – means bayar drpd gaji bulanan. Harap dapat membantu!
[Reply]
enew reply on November 3rd, 2008:
hi irwan..
nk tnye ckit..klo yg od tu..plg lme kte nk mik bp thun…yg plg ok r..lg lame lg bgus ke or jap je?
[Reply]
hi irwan,
saya pn rasa mcm ada missing kat cc yang guna this month n bayar next month….coz kat c2 ad charge jugak 2….nak detail lagi mcm leh?
[Reply]
Wa bro…lu dah kasi wa satu semangat bagaimana nak settelkan beban hutang. Thanks bro…Moga Allah terus menambah ilham kat lu macamana nak menyelamatkan kekawan…yang dah hampir lemas dan muflis. Ilmu yang baik tu mestilah dikongsi bersama. Cuba kita fikir Nabi Muhammad S.A.W tu kerja dia gembala Kambing aje. tapi macamana dia boleh berilmu???? Fikir-fikirkanlah wahai rakan2…
[Reply]
Sy nk tau Part 4 And 5 :Advance Stage….penggunaan CC 1 hari selepas due date..mane nak cari artikel ni..tak jumpe la..
[Reply]
akum..
aku dah start buat benda nie tanpa pergi kelas mcm kelas en aziz ibrahim tu.aku pakai hentam jer..
masalahnya aku nak tanyer ckitlah kat ko nie…
aku punya od makin lama makin ckit..
so aper aku nak buat.
yang aku tau kita kena cagar balik duit kita kat asb kat rhb
so plz cerita ckit aper aku nak buat…
[Reply]
I dah chek dengan ct bank, takde pon kad frre charge for cash advance macam yg dikatakan. Salah info kot..
[Reply]
saya nak tanya boleh tak saya gunakan OD ni untuk tambahkan untung ASB
katakan BLR sekarang 5.55% saya ada ASB saving RM30K
then saya buat OD 95% darinya jadi dapat RM28,500 charge OD setahun hanya 5.55% habis nak naik pun 6.75& ASB dividen at least 7% jadi saya amik RM28,500 ni masukkan semula dalam asb
the end year let say ASB dividen istihar 7% saya akan dapat (RM30K x7%)RM2100 dividen -OD asb (5.55% 28,500)RM1581.75= RM518 profit
tambah OD saya masukkan balik dalam asb (RM28,500×7%)dapat RM1995
jadi total
RM1995+518= RM2513 ini hanya duit profit RM30K bayangkan kalau ada cash RM100K ?????? betul tak cara saya
tambahan duit OD tadi kalu nak guna untuk emegency pun boleh macam mana irwan explain …..
harap boleh reply
[Reply]
teknik pengurusan kewangan ni nampak bagus, tp ok ke tak kalo kita folow step ni tapi tanpa melibatkan cc.
[Reply]
en.irwan…. i just apply od asb from cimb… sbb td g kat rhb bwk broshure cimb blr -1.65 so dia ckp lg better dr rhb… sy x paham sbb current blr 5.55p.a yg -1.65 nie ape pulak… tolong lah respond sblom sy sain Offer letter minggu depan
[Reply]
TPM reply on January 15th, 2010:
hi azima ….
sekadar berkongsi ilmu yang ada setelah membaca bab OD ni nasihat saya amik je OD tu … BLR 5.55% -1.65% mean awak akan kena interest setahun 3.9% je setahun
walaubagaimanapun BLR ni tak menentu maybe boleh naik base bank negara malaysia nye dicision let say dari 5.55% naik ke 6% jadi pengiraan cimb interest untuk awak buat OD is 6%-1.65%= 4.35% interest setahun..
rate ni lg bagus dari loan kredit card yang average kasi 0.5% permonth yang menjadikanya 05% x12 bulan=6% setahun…
lagi jimat kan… tapi pastikan rate BLR ni 5.55% awak alert selalu dari announce BNM tapi jarang BNM turun/naik sesuka hati….
selamat ber OD….
[Reply]
nak tanya,
katakan ASB kita rm200,000. lepas tu buat OD minumum berapa?
katakan rm50,000 je buat OD… balance RM145,000 tu camne..masih dalam bentuk sijil?
bulan2 guna OD let say, 20,000.. so interest tu hanya dikenakan pada rm20,000 tu je kan?
kalau kita apply OD, tapi tak usik pun duit OD tu, thats mean no interest la kan?
harap, otai2 kat sini dapat explain skit.. berminat sgt ni…
[Reply]
the doc seems to be taken from forum thread, may i know what forum is that? thanks
[Reply]