ASB Financing-i is another form of term financing to purchase ASB unit trust based on Shariah principles of Bai' 'Inah (sales with immediate repurchase)
Valid till 30 June 2011

Eligibility

• Individuals who are between the ages of 18 and 60 years old

• Bumiputera

Financing Amount

• Min financing amount : RM10,000

• Max financing amount : Up to RM400,000 per customer, at any one time including the balance outstanding of the existing ASB financing (if any), or up to the maximum investment amount allowed by ASNB, whichever lower

Margin of Advance

For financing amount up to RM200, 000

• Up to 100% of nominal value of ASB units
• Up to 105%, inclusive of the GASBRTT

For financing amount above RM200, 000, at any one time

• Up to 95% of nominal value of ASB units
• Up to 100%, inclusive of the GASBRTT

Financing Tenure

• Up to 25 years OR
• Up to age 60, whichever is earlier

Pricing

Selling Price Rate/Ceiling Rate fixed at

• BFR + 4.0% or 10%, whichever is higher

  * Competitive effective profit rates as per ASB Financing Conventional interest rates, provided it should not exceed the fixed selling price rate

Pricing

• Financing below 30,000

  BFR - 1.35% (1st 3 years)

  BFR - 1.30% (thereafter)

• Financing above 30,000

  BFR - 1.65% (throughout financing tenure)

View the monthly installment payment schedule

Payment Frequency

• Monthly

Payment Option

• Single installment only

Mode of Installment Payment

• Standing Instruction (SI)

ASB Income Distribution & Bonus Earned

• Automatically credited into the respective ASB unit holder's account
• ASB financial year ends December 31

Required Documents

• New ASB customers

  1. Application form
  2. Photocopy I/C
  3. Photocopy of latest 3 months pay slip (only for financing above RM50,000)

• Existing ASB unit holder customers

  1. Application form
  2. Photocopy I/C
  3. Photocopy of ASB passbook

For further details, visit your nearest branch today!

* Please call during office hours (Mon to Thurs: 9.00am - 5.45pm, Fri: 9.00am - 4.45pm). Terms & Conditions apply.

The Master Prospectus of the unit trust funds of ASNB dated June 30, 2010, and the First Supplementary Master Prospectus dated July 30, 2010, have been registered with the Securities Commission and are available at any office of ASNB and its agents. Units will be issued upon receipt of the registration form as enclosed in the prospectuses. Before investing, please read and understand the content of the above prospectuses. Total return on the investments may go down as well as up. Past performances of the unit trust funds of ASNB are not guarantees of future performances. Before investing, kindly consider the fees and charges involved.