Hi, just wanna find out the best interest rate in town my my 2nd hand car purchase as below,

Made/Model: Honda Accord 2.0
Year: Registered year 2005
Car price: RM86,000.00
Wish loan amount: 90%
Year of loan: 5-7 years depends on the rate

Can anybody know what bank can offer the best rate? As heard from my friend, Public Bank and Maybank are offer 3.75% for 5 years and 3.85% for 6 years - 7 years and it's control at the fixed rate by Bank Negara. Is it true and this consider very low rate in town?

Thanks in advance.

Hi, I have checked with PBB and Maybank HP dept and both banks also offer me 3.75% rate for 5 years loan. No more negotiation. For AMBANK, it's 3.9% according to the HP dept.

I have applied the loan with 2 banks which I will see if which bank can approve the loan earlier.

Thanks anyway, bro for the information.

Some updates...

I have engaged PBB loan before CNY and below is the details,

Interest 3.75%
Honda Accord used car
Loan for 5 years..

Thanks.

Wow...that makes a lot of different....For loan 80k with previous rate 3.75% loan for 5 years, it can be different around RM1600 for the whole loan....