CIMB ASB Loan is a secured simple term loan which is computed on a variable rate basis. The loan is generally granted to individuals or joint individual applicants to aid them with the purchase of Amanah Saham Bumiputra (ASB) Units from Amanah Saham Nasional Berhad. Also there is an option for insurance coverage through this term loan known as Group Amanah Saham Assurance (GASA). However, it is advisable to take up GASA life insurance plan that is offered, underwritten as well as issued, by Sun Life Malaysia Assurance Berhad.
“The Master Prospectus of the unit trust funds of ASNB dated 30 June 2015, has been registered with the Securities Commission Malaysia, and is available at any office of ASNB and its agents. Units will be issued upon receipt of the registration form referred to in and accompanying the prospectus. Before investing, please read and understand the content of the prospectus. Total return on the investments may go down as well as up. Investments in the funds are exposed to fund management risk, inflation risk and purchasing power risk. Past performances of the unit trust funds of ASNB are not guarantees of future performances. Before investing, kindly consider the fees and charges involved. Investors who wish to know the key features of a specific unit trust fund of ASNB may request for the Product Highlights Sheet issued by ASNB at any office of ASNB and its agents.”
The following are the basic features and benefits of the product:
The basic product features can be identified through the following example:
Applicant is required to submit the mandatory documents as follow:
The basic charges include:
Other documentation charges include:
Yes, it is possible to do so, before its maturity and does not require any early settlement fee.
No guarantor is necessary. The individual's ASB certificate is supposed to be kept by the Bank throughout the loan tenure as the collateral.
It is important that you inform the bank of any changes in your contact details to make sure that all correspondence is reachable in due time.
If there are issues regarding repayments, the bank should be contacted immediately to discuss repayment alternatives. You can contact the bank at contact us at: Customer Resolution Unit 19th Floor, Menara Bumiputra-Commerce 11, Jalan Raja Laut 50350 Kuala Lumpur. Tel No: 1-300-88-0900 Fax No: +603 2691 3248 Email: firstname.lastname@example.org
In the event that the loan repayments have been not paid for 2 months, the pledged ASB Certificate will be liquidated immediately and thereafter the proceeds are used for settlement of the loan.