u sure? i read somewhere in proton thread, they can get 2.xx

is it...? the last few times i bought national cars... be it P1 or p2 the rates always higher even for the same bank... whereas my non national car get 2.5% like that only...

Toyota Estima 2010 , plan to take 70k loan , whats the best interest rate for used car and any bank could give 9 years?

Guys any tips on how to get low interest rate?

Would wonder what's the interest rates for second hand car.

Say like Toyota Camry, Honda Accord or maybe Mazda 3

Most banks have fixed/pre-determined interest rates , based on the car model , loan amount and tenure. Some banks however, depend on your credit scoring and will offer the best interest rate they think you deserve. It means, if your scoring is good, they will offer a lower rate and vice versa. Scoring depends on many factors such as your age, profession, income, existing commitment, loan repayment record etc which are pretty much not within your control at the point when you submit your loan application.

My advice to all is to try take the least amount of loan and at the shortest time possible (to cut down on your total interest), yet not affecting your cash flow and savings for emergency. The interest rate is really secondary and should not be the deciding factor in determining your loan amount and tenure.

For 80K loan, it is possible to get the interest rates that you mentioned for non-national new cars.
The most important thing the bank look for in your bank statement is not the balance but the remittance of your salary/income. For example, if your salary slip shows RM5,123 a month, the same amount should be credited in your bank account and appeared in your bank statement.

Such a good advice...thanks

Mercedes A200
Affin Bank
Loan RM 184k @ 2.57% @ 7 Years

50k~70k loan for 5 yrs, what is the lowest interest can I get from banks ?

365k loan
RHB ~ 2.41% for 5 years

64k loan 9 years, 2.78% HLB, 2.79% MBB, and still friends getting 2.3x from affin, wonder how to get those rates?

Hi all, can anyone share information of Honda Jazz loan interest?

Just got loan approved by Cimb

Rm54,400 for alza advande. 20% downpayment.

3.54% interest rate. 9 years.

A bit high side i think. Last year bought an Axia just 3.19% wit Publi bank.

issit mandatory to use bank transfer coz end up i need to b present in jpj anyways

Mate, try Ambank or Hong Leong. Just got approval for Alza SE with 3.2% interest rate but loan tenure is 7 years from Ambank. Down payment is 20% as well.

This post has been edited by kirakun: Oct 25 2016, 03:20 PM

Maybank Subang Jaya has just approved my loan for RM150k @2.69% for 5 years. My Sales Executive advised me to get from Affin Bank which could offer slightly better rate but I prefer Maybank since my previous loans were from them.

Noted with thanks bro. Already submit to Ambank too, just got interview today. Lets see which bank give better rate.

wonder if still under employment probation, bank will approve loan as well? even if provide 3 months payslips and other relevant docs

No worries, as long as your credit rating and documents are good and sufficient, no blacklist of whatsoever, the bank wouldn't even bother to know whether u are still on probation or not lol.