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.

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

Registered recondition will fall under used car.

What car model? Most banks will offer up to 7 years max.

Anyway, PBB:

Age of Vehicles
Above 3 to 8 years

Maximum Margin of Financing
Up to 90%

Maximum Duration
Up to 84 months

EWP = Extended warranty program

This is the standard rate by all banks in the cartel.

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

I heard new interest rate will depend on the car CC and is same for both national and non-national car

Eg.
0.0 - 1.4cc = X.XX%
1.5 - 1.8cc = x.xx%
Higher than 1.8cc = x.xx%

You probably need a guarantor as your commitment = 75%. As for your question, no problem.

That is the standard rate in the market.

I heard rumor that the rate going to increase next week! 1st August

75% from 1500/2000*100 (Car installment against your salary)

Definitely going up too!

If i'm not wrong, CIMB take your net salary while Maybank only look at your basic salary to calculate your monthly commitment. Basically bank will ask for guarantor if your commitment exceed 1/3 of your income, but not necessary all banks will follow this guideline.

Yes, you can get low amount with short tenure. But the bank will adjust your interest rate.

Ya subsidy package. It's getting cheaper, last month the subsidy rate is 2.98% @ 9years!

I think best rate for 170k @ 9years is below 3.00% or more likely around 2.7X%.

Yes, you can. Talk to the bank officer and give them a simple letter to change dealer.

What is your loan amount and tenure you took?

A lot hassle for direct case. Most bank don't want to do it anymore. Unless through a reputable used car dealer.

No penalty even you settle it after 1 month. Previously there is a penalty if you settle your loan earlier (6 - 12 months) but someone complained to Bank Negara and they have to abolish it.

Bank don't encourage loan to be settled earlier because they lose revenue.

Early settlement will save you interest charges.

You can get more information at their website.

I suggest you to take the conventional package if you can because the rate offered by EzyAuto is higher.