In my last post I talked about ASB loans vs. periodic savings, so here I’ll delve a little further into calculating returns. One of the main concerns raised is that the loan is only beneficial for as long as your returns exceed the interest rates charged by the banks. For example, if the bank charges…
Tag: savings
ASB Financing – how does it work?
Ages ago, I wrote a post briefly talking about ASB loans, and how they work, some people found it useful, so I thought I’d reproduce it here. One of my earliest tasks when I first started working as a personal financial consultant was to promote the ASB loan to prospective bumiputera clients. The product, offered…
Ame's Monologues 