Who can apply ASB loan?
Eligibility
- Individuals who are between the age of 18 and 65 years old at the end of financing tenure.
- Bumiputera.
Is it compulsory for the ASB financing to be insured?
There is no exit fee imposed if you settle the loan before maturity. Insurance Coverage is compulsory.
Is it worth investing in ASB?
A low-risk investment worth considering Although ASB delivered its lowest distribution ever last year, it’s still an investment vehicle to consider, as it’s relatively low-risk and produces consistent returns.
How do I open a ASB account?
To invest in ASB, the first thing you need to do is to open an ASNB account and the best way to do it is to visit your nearest ASNB branch or contacting their agents. If you don’t have a branch nearby, you can visit your preferred bank – Maybank, CIMB Bank, RHB Bank; or even the post office.
Can I withdraw my ASB loan?
You can only withdraw up to 3 times in a month. Minimum withdrawal amount is RM 100 per transaction.
What is the difference between ASB and ASNB?
ASB is a fixed-price unit trust and long-term investment for those within the Bumiputera community to generate consistent returns. A unit trust is where the fund manager (ASNB) would pool money from various investors to invest and generate returns. The profit is then channeled back to the unit owners.
Can I withdraw money from ASB?
You can only withdraw (redeem) from your unit trust account. Any ASNB’s unit trusts are allowed for online withdrawal EXCEPT for ASN Equity 5 and ASN Sara 2. No additional charges (for now).
What’s the maximum amount you can invest in an ASB loan?
Max facility amount: Up to RM200,000 per customer, at any one time including the balance outstanding of the existing ASB facility (if any), or up to maximum investment amount allowed by ASNB, whichever lower Up to 105% (if inclusive of Personal Reducing Term Assurance/Takaful (PRTA/PRTT) and Will Fee (if any) inclusive of Goods and Service Tax)
When to call Maybank Malaysia for ASB financing?
*Please call during office hours (Mon to Thurs: 9.15am – 5.45pm, Fri: 9.15am – 4.45pm). Terms & Conditions apply. The Replacement Master Prospectus of ASNB dated 1 February 2020 (“Prospectus”), has been registered with the Securities Commission Malaysia.
How old do you have to be to get ASB financing?
Get a shariah-compliant financing for ASB unit trust | Financing tenure up to 30 years or age 65 years old. Max financing amount: Up to RM200,000 per customer, at any one time including the balance outstanding of the existing ASB financing (if any), or up to maximum investment amount allowed by ASNB, whichever is lower
When is the replacement master prospectus of AsnB?
The Replacement Master Prospectus of ASNB dated 1 February 2020 (“Prospectus”), has been registered with the Securities Commission Malaysia. Please read and understand the content of the Prospectus together with the Product Highlights Sheets which are available at ASNB website, branches and agents.
