All eligible ASB investors under ASNB guidelines who are between the ages of 18 and 65 years old.
Individual with income documentation only.
Mode of repayment is Standing Instruction
5 years lock-in period.
Margin of Finance can up to 100% or up to 100% + 5% (if with GRTA/CLTA premium financing)
Insurance is optional, but must be financed by bank if taking insurance.
Fee and Charge
ASB Term Loan: RM53 per certificate
OD against ASB: RM106 per certificate
Stamp Duty: RM10 for Letter of Offer
Commitment Fee: 1% on the unutilized portion of the overdraft facility for amount above RM250,000
Exit Fee: For full repayment of the outstanding ASB Financing made within the first 2 years from the date of loan disbursement, an exit fee as penalty/compensation to the bank based on the difference between the ASB Board Rate and the Promotion / Special rate is chargeable.