ASB Loan by CIMB

ASB Financing

Use this term loan facility to buy ASB units. While you are servicing the loan, you'll be earning the annual dividends and bonuses from your ASB investment which you can use to partly pay for the subsequent year loan repayments. It's an affordable, convenient and smart way to make your money work harder.

Features and benefits:
	Maximum loan amount of up to RM200,000.
	High financing margin.
	Low interest rates.
	Flexible loan tenures.
	Low handling fees.
	Insurance coverage.

Eligibility:
	All eligible ASB investors under ASNB guidelines.
	Bumiputra only.
	Individuals aged 18 years and above.
	For student & unemployed applicant, a guarantor with adequate repayment capacity is to be obtained.

Requirements:

Applicant is required to submit the compulsory documents as follow: Photocopy of NRIC Photocopy of ASB passbook (1st & 2nd page) Evidence of income Definition of evidence of income: a) For wage earner - Latest 1 month salary slip / latest 3 months payment voucher (if salary is paid through payment voucher) b) For self-employed / businessman: - Only ONE of the following Latest 3 months current account / savings account statement Statement of interest earned and received from FDs placed for more than 12 months ASNB dividend statement Latest 3 months Tabung Haji account statement.

All eligible ASB investors under ASNB guidelines

Package 1: BLR - 1.65% p.a. throughout the loan tenure Package 2: 4.65% p.a. fixed for the first 2 years, BLR - 1.65% p.a. thereafter
BLR as at July 2010: 6.30%
Click here to view the ASB Financing Repayment Table

Products/Items			Charges
ASNB
1	Documentation Fee		RM100
2	Letter of Offer - Stamping		RM10
3	Letter of Guarantee and Indemnity - Stamping (if any)		RM10