ASB Calculator v2


update: ASB Calculator V3 is now available  

My last ASB calculator doesn’t calculate the bonus for ASB. In this new version, I implemented an extra algorithm to include the bonus. If you find any glitch or error, please let me know :)

ASB Calculator v2

  1. #1 by Md on January 31, 2007 - 5:17 am

    This is cool :)
    Thanks a lot

  2. #2 by Irwan on January 31, 2007 - 5:29 am

    hope you’ll find it useful :)

  3. #3 by Hafiz on February 2, 2007 - 12:00 am

    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

  4. #4 by Irwan on February 2, 2007 - 12:46 am

    corrected.

    would u recheck, Hafiz. Greatly appreciate it.

  5. #5 by aminah on March 20, 2007 - 1:44 pm

    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

  6. #6 by Irwan on March 20, 2007 - 2:01 pm

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

  7. #7 by wan on May 20, 2007 - 10:45 pm

    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.

  8. #8 by Irwan on June 1, 2007 - 12:50 am

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

  9. #9 by vergas on June 5, 2007 - 11:20 am

    Your calculator is impressive. Great work.

  10. #10 by mfazrie on July 3, 2007 - 6:46 pm

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

  11. #11 by wan on July 3, 2007 - 6:53 pm

    izwan, did u recvd my e-mail?

  12. #12 by Irwan on July 3, 2007 - 10:25 pm

    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.

  13. #13 by salleh on July 19, 2007 - 12:03 pm

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

  14. #14 by intan on July 23, 2007 - 12:11 am

    i dont think forex is halal investment..

    • #15 by sufri on November 15, 2008 - 11:34 am

      who told you?
      proof?

      spot forex is not haram.
      there’s no interest. and dont hedge also. and close the trade within 2 days maximum.

  15. #16 by Asha on December 18, 2007 - 11:19 am

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

    • #17 by sufri on November 15, 2008 - 11:36 am

      forex will invest in gambling?
      when you trade forex, you trade for yourself and you trade it on your own.
      if you dont use swap, forward, hedge and no interest then its not against syariah.

      if you get forex companies to trade for you then of course its haram. unless its a syariah compliant co.

  16. #18 by Anitram on January 7, 2008 - 8:00 am

    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? ;)

  17. #19 by stormer on January 8, 2008 - 9:06 am

    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.

  18. #20 by klaus on March 7, 2008 - 10:38 pm

    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

  19. #21 by wan on March 8, 2008 - 11:21 am

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

  20. #22 by klaus on March 8, 2008 - 1:36 pm

    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

  21. #23 by zean on May 1, 2008 - 9:32 pm

    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.

  22. #24 by klaus on May 1, 2008 - 9:39 pm

    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 =)

  23. #25 by adiya on June 4, 2008 - 12:54 am

    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…

  24. #26 by dexidle on June 12, 2008 - 5:09 pm

    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…

  25. #27 by norisa on June 13, 2008 - 7:50 am

    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?

    • #28 by cbs on March 4, 2009 - 9:46 pm

      sy tak setuju dividen+bonus digunakan untuk bayar installment…biarkan lah kita bayar guna duit sendiri tiap bulan…

      • #29 by aron on August 5, 2009 - 5:40 am

        terpulang cara masing2..mengikut kemampuan..klu rasa tiap bulan bayar tak membebankan..so bayar lah..kalu rasa dividen leh tolong ringan kan beban…so biarla dividen bayar kan installment tu..yang paling penting tak membebankan

  26. #30 by aziz on January 18, 2009 - 3:43 pm

    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!

    • #31 by cbs on March 1, 2009 - 5:38 pm

      apa lah ko risau tentang waris yang dapat???baik waris dapat daripada waris pun tidak dapat!!!!

      • #32 by aziz on March 1, 2009 - 8:07 pm

        tu dulu..skang akupun kena terima hakikat asb loan menguntungkan,terutama kpd mereka yg nak start dari zero saving

  27. #33 by cbs on March 1, 2009 - 11:15 am

    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

  28. #34 by cbs on March 1, 2009 - 5:23 pm

    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

  29. #35 by cbs on March 1, 2009 - 5:26 pm

    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

  30. #36 by cbs on March 1, 2009 - 5:29 pm

    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….

  31. #37 by cbs on March 1, 2009 - 5:35 pm

    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…

  32. #38 by cbs on March 4, 2009 - 9:43 pm

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

  33. #39 by rem on August 20, 2009 - 3:09 pm

    my asb loan for rm100k already approved yesterday with monthly payment is rm 611 including the insurance for 7 years.The loan repayment is for 20years.but i will surrender it after 7 years.I already calculate and after 7 years i will earn about rm50k.after tolak the interest everything.

  34. #40 by yaikito on October 24, 2009 - 8:42 am

    salam rem..

    after 7 year u will only ge around rm20k or rm30 only.

  35. #41 by syid on January 28, 2010 - 10:16 am

    saya betul2 tak paham. saya dah ambil loan 30k selama 25tahun. total campur insurans bagai ialag 30982.33. tiap2 bulan mesti dia tolak interest dalam 105.00-109.00 tapi saya bayar tiap2 bulan 168.00 maknanya sikit sajalah saya bayar bulan2. Kadang2 rasa macam satu kesilapan saja ambil loan asb ni :( tolongla terangkan dalam bahasa yang saya faham…

  36. #42 by wan on June 3, 2010 - 8:28 pm

    mmg la….. klo u calcukate blk, u still untung…..
    try tgk calculation yg kt ats 2….

  37. #43 by lynn on January 18, 2011 - 3:11 am

    Salam,

    Nak tanya, kenapa formula column bonus tu kena divide by 120?

  38. #44 by seo services perth on February 13, 2011 - 5:54 am

    I have not checked in here for some time since I thought it was getting boring, but the last few posts are really great quality so I guess Iâ??ll add you back to my everyday bloglist. You deserve it my friend. :)

  39. #45 by mon on March 3, 2011 - 10:43 am

    I want to loan from asb 200k and pay off in 3 years..how much is the monthly payment?

  40. #46 by Fibrinogen_84 on March 17, 2011 - 8:46 am

    As salam….

    Correct me if i am wrong. But shouldn’t you also put a collumn for the bank interest rate?
    If not, how would we know how much will we get the nett profit after all those years?

    Iqbal.

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