Financing

ASB Financing-i

Shariah-compliant financing for ASB unit trust based on the principal of Murabahah via Tawarruq | Financing tenure: Up to 30 years or age 65

  • Min financing amount:

    RM10,000

  • Max financing amount:

    Up to RM200,000

Terms of Financing


Financing Amount

  • Min financing amount : RM10,000
  • 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

Margin of Financing

  • Up to 105% (if inclusive of Personal Reducing Term Takaful (PRTT) and Will Fee (if any) inclusive of any tax (if any)

Financing Tenure

  • Up to 30 years or
  • Up to age 65, whichever event occurs first

Pricing

Selling Price Rate/Ceiling Rate fixed at

    • IBR + 7.65% or 10%, whichever is higher
      * Competitive effective profit rates and it should not exceed the fixed Selling Price Rate

Pricing

  • Financing below RM30,000
    IBR + 2.50% (for 1st 3 years)
    IBR + 2.55% (thereafter)
  • Financing RM30,000 & above
    IBR + 2.20%

Currently Bank's Islamic Base Rate (IBR) is 3.00% p.a w.e.f 17/5/2019

Repayment

  • Monthly in single installments only

Click to see the monthly instalment repayment schedule

Mode of Installment Payment

  • Variable Standing Instruction (VSI)

ASB Income Distribution & Bonus Earned

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

How to Apply

For Bumiputera individuals between the ages of 18 - 65 years old at the end of the tenure


APPLY ONLINE NOW

Register with Maybank2u now for a smoother online application journey

Required Documents 

  • Photocopy of Identity Card
  • Photocopy of latest 3 months pay slip/other proof of income e.g : Bank account statement
  • Photocopy of ASB unit holder number

Repayments, Fees and Charges


Terms and Conditions apply

Click here to view Product Disclosure Sheet (Islamic)

Click here to view Product Disclosure Sheet in BM (Islamic)

Click here to view ASNB Prospectus

IMPORTANT NOTE:

The Master Prospectus of funds of ASNB dated 30 June 2017 and supplementary prospectuses dated 15 December 2017, 1 April and 9 July 2018, have been registered with the Securities Commission Malaysia.  Please read and understand the content of the prospectuses together with the Product Highlights Sheets which are available at ASNB website, branches and agents. Units will be issued upon receipt of the registration form referred to and accompanying the prospectuses. Before investing, please consider the risks of investing as well as the fees and charges involved. Unit prices and distribution payable, if any, may go down as well as up. Past performance of a fund should not be taken as indicative of its future performance.

Online Application

Click to apply online