More ASB loan?

I am rather meticulous when it comes to money (rather is an understatement). I currently *manage* Setapak Indah bills, Bangi bills, telephone bills for all 4 of us (mummy, abg, hubby & myself) and my own credit cards + loan payments on monthly basis. If you have been following my blog last year, you should have known that I took quite a big chunk of ASB loan (big chunk for MY standard). Now that dividend for last year has been declared and paid, I am quite settled with that for the time being i.e. I have enough funds put aside to cover one year of installments so I don't have to worry about that for now.

So I started digging for other debt that we have to settle and found hubby's PTPTN loan. He has around 26K+ outstanding and has never REALLY bothered to consistently pay for it. I said REALLY because he kept saying he will pay it when he has extra funds but you now how expenses never really end. He does pay sometimes but it's so inconsistent that it barely covers the interest/admin fee portion. So I made new year resolution to pay that loan consistently this year. Of course, hubby argued why would I be paying for it when it is HIS loan. Whatever hubby. Your money, my money, your loan, my loan. I ask money from you whenever I'm broke anyway... (which is often =p)

Taking into account 26K+ loan with 3% interest annually and monthly payment of RM200, it's gonna take yearsss for the loan to be settled. (Where's my financial calculator?) Definitely MORE THAN 10 years. So I told myself, I need to shorten it so that we can move on to other things later. So my target now is to shorten it to 3 years within managable monthly commitment. How? I know about this ASB loan paying interest portion only for some first few years. The catch is the interest rate for this package is higher than the normal ones. If I take that loan paying the interest portion only, I can use ASB's annual dividend to settle hubby's PTPTN. In 3 years time, I would be way ahead of the PTPTN payment and will be left with insignificant amount of debt left. Oh I also plan to prematurely cancel the ASB loan, of course pay the penalty fee, before I have to start paying for the principal. So my mission now is to hunt down an RHB ASB loan sales person. Don't know whether I have enough limit left under my name. I worry if I use hubby's name, he will later want to use the dividend for other stuff than to pay his PTPTN loan. Haha. Well, not really. I just find it a hassle to manage things that are not under my name. I will always have to drag these people along whenever I need to do any transaction. Anyway, that is my mission now. Apart from chasing my car dealer to quickly clear my neo's loan, that is!