Current auto loan rate:

National Car (Proton/ Perodua)
3 - 5 years 3.75%
6 - 7 years 3.90%
8 - 9 years 4.00%

Non national car (Retail vehicle other than Proton/ Perodua)
3 - 5 years 3.25%
6 - 7 years 3.40%
8 - 9 years 3.50%

Used car
3 - 5 years 4.00%
6 - 7 years 4.15%
8 - 9 years 4.25%

Car aged 7 - 10years usually can only get maximum 7years loan and rates can be different.
Bank will charge higher interest rate for very low loan amount and short tenure of finance.
Bank can refuse to give EWP for low loan amount with short tenure of finance.

Thanks for the info! At least I can plan better now

it is depend on the car brand..sum car finance provide loan but short period like 3- 4 yrs with 7.5% PA..sum they give longer loan like 4-5yrs loan with 6% PA..different car brand different story from finance..

Very useful info

thks for the info

Great stuff...

That is why always have to calculate before buying 2nd hand cars... sometimes 2nd hand cars might cost you more because of higher interest, free servicing and warranthy got expired.

Start planning for my VW Golf...

This post has been edited by eugene jk: Apr 4 2010, 02:39 PM

Recondition car (Unregistered)
3 - 5 years 3.50%
6 - 7 years 3.65%
8 - 9 years 3.75%

unregistered and registered, can explain abit?

Registered recondition will fall under used car.

ic, thanks

I went to Mazda showroom yesterday and plan to get a Mazda 6. Heard the salesman says the interest rate for car loan will increase again on may or june 2010.
current rate for foreign car is 3.5% for 9 years.

any information or news?

increase again in May or June??..not petrol price meh??

Can anyone advise me interest for car loan for a used Waja year 2004-2006???

planning d/p 10k
budget car go to 27k max
so loan 17k
afroad to pay max 550-600 per month

so what is the interest rate for Waja year 2004-2006 with 17k loan for either 3 or 5 years ?
please advise planning to buy car on latest by early june or earliest by mid may

try to look into an ad find any1 used car dealer selling WAJA. ask them bout the interest rate. they are more clearly bout tis matter

hey thanks elv2k, that info is really helpful.
Was contemplating between getting a new car or a used car

I have just cancel a loan processing from Public Bank Sunway, Shanta... asking for all sort of documents as if we can pay the loan...really annoying

Any banker here? I am looking for car loan for Honda Jazz (2005). Purchase RM60K...loan required RM35K. Please contact me at 0123760311.

hey bro. y dun u try to call those used car dealer outside there to help u?

It's their way of protecting their number 1 position as the bank with the lowest NPL in Malaysia.

The problem is her being rude in asking for information...as if i can't repay. My documents are all perfect...but she ask a bit and a bit and make me annoy.

u can complain to her manager if u want to, i'm sure u will get feedback very soon and that person in charge will get a nice scolding from manager