dear bankers,

i heard that this week , the car loan interest rates will increase before Friday 21/5...anyone know
how much the % increase?

really?? reliable source or not?? if true than have to buy a car fast looo

I heard the rate will increase on 1st June. Nothing concrete yet.

may i ask if i just changed the job and working in the company just 5 month then will effect my loan?

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

izit true???comment plzz?

Interest rate going higher? Haiyah... then better find the best deals in getting foreign brand cars...

It is true and BNM already announced OPR raised by 25bps to 2.5% on 13th May.

looking for new persona and ask the dealer regarding loans..he cheapest i could find from bank rakyat 3.9% although all banks already standardise with 4%..hey told me should really buy car quikly this month becoz interest rate will increase..he also heard rumours but no concrete data to support..told me got "kawan" told him

Sooner or later the banks will definitely pass the cost of doing business down to their clients it's inevitable

The other day, I've been to proton showroom and the dealer said the same thing too. The interest will increase in june. Dont know whether if this is true. Then, I ask him if there are any chance if the interest will decrease. Then he said it is unpredictable because our economy has stabilize??. Haha.

Btw, does anyone know the current loan interest for used car?

Yes bank negara has announced its increased in rates but the banks have not increased it yet.

Bank Negara is likely to raise rates due to our economy expansion to cultivate saving and to control money velocity in country. It is just one of the monetary policy or measure to sustain our economy. This rate will provide banks a `benchmark' for doing their business. If the charge higher rate for their financial products, i.e: Loans, they will get less customers. If the bank charge lower rates, they could have attractive marketing campaign to shout about but they would have to forgo or earn less from the difference.
P/s: Correct me if I am wrong.

what car you bught?
interest rate so high..

Booked the honda city yesterday and the SA said that yes the interest rate will increase effective from 1st june... she told me that i'm gonna get the current rate which is 3.5% for 9 years if i booked within this week..so there u go..

would like to share some information regarding the new interest rate (if not mistaken)
3.5% - 5years
3.65% - 7years
3.75% - 9years

thats quite high as i also got my loan approved last week with cimb.. 6years old 4.25% rate

Interest rates are bound to be increased sooner or later as the economic conditions improve.

economics improve so interest increased?

Yeah !!! Why does that confuse you anyway ?

since the economy goes up (people have money) so the interest will likely will go down (as people can pay installment).. that is what i understand..

so, if the economy is up, the interest should go down.. likewise, if the economy is down, the interest will hike~

can anyone master in economy clarify this? me, in other hand, has no degree in economy yo~

Hi guys,

Is it possible to apply loan for a 20 y.o car??

I know the maximum is for 10~12y.o car, was just trying my luck to ask here.

Or any insider work in bank willing to helps?

Regards.