Hi All the Sifu,

I am interested to get a 2006 EVO / SILVIA for loan.

How many years loan for this old car? and the interest?

Suggestion of bank to apply.

Regards

What is the latest interest rate for 2nd hand conti car?

That is not his question. His question was whether banks will entertain loans for direct owner to buyer sale which doesn't go through a dealer.

Thanks for the clarification. On this question whether banks will take loans from direct "owner to buyer" sale (without intermediary sales company), it depends on many factors such as the bank policy itself, car model, year make and even financial profile of the seller and buyer.

For example, some banks will only consider such a loan arrangement, if the existing vehicle is being financed by them. Other banks may have strict rules on documentation and want tax invoice from a car company, and will reject such direct financing outrightly.

So. there is no clear cut YES and no clear cut NO either to this question.

Quoted 3.35% Affin and 3.7% CIMB for used car. 5 years. Any banks offering better than this?

My loan approved. Loan amount 83k / 9yrs 2.68%. New Car. Affin Bank

Any banker doing hire purchase here? Drop me a message if possible.

Thanks

Hi all. Good day. I need to know is there any chance to take car loan without license?
Because I'm taking care of my mom's business and the statements license all are under her name but she doesn't have a driver's license. My previous cars like 2009 Myvi, 2014 Altis are all bought under her name without any problem. But now I'm looking to purchase the Honda accord 2.4 and use my mother's name to buy the car and me as the driver. But SA from Honda telling me cannot take loan without drivers license and bank will reject he say need me as a guarantor for the car with my license, payslip, epf for bank loan. He also tell for accord yiur loan 145k for altis 100k only. Is this true? If so how the previous 2 cars didn't get affected. Please help. I desperately need a help. Please help sifus here.

Bank HP policy may change from time to time. What has happened in the past, does not necessary mean it must work the same way today. In the past, some banks could accept a "referee" with licence, but he or she does not need to stand as a guarantor for the loan.

Is it possible to take a loan without income/supporting documents but by pledging FD? Thanks.

2.56%
9 yrs
105k
Affin bank

This post has been edited by flazer: Dec 11 2016, 10:55 AM

It's possible. I am not sure for other banks, according to a Public bank officer:

e.g. if you take 40K loan for 4 years tenure, you have to put a pledge FD 40K, so the bank holds this FD for 4 years, you can only opt for a monthly FD interest for this FD currently is 2.95%, you can't opt for 12months FD option which gives you a higher interest rate.

Let say if loan interest is 2.75%, so the merely 0.2% difference is it worth to go with the pledge FD? I am not very sure, anyone who can share his/her view would be appreciated.

May i know what is the use of pledging fd as compared to using the fd to pay the 40k outright?

FYI, interest rates for car loans r not the same as for FD. It is more expensive.

No, banks will not grant car loans by pledging of FD but I stand to be corrected because policies may change from time to time.

Public bank is doing it, the officer said that in a conversation last month. Unless any changes this month.

Another member just told me, Maybank also provide this option too.

FYI, some of the new car loans interest rates ranging from 2.6 to 2.9, so it's lower than FD.

Whereas used car or the new national car, it's always 3.x above, yes, it is higher than FD.

So the catch is if it's slightly lower than the FD rate, eg. 0.2% should it be a wise choice?

Hye Sifus. I have some questions here.

1) Would like to know is it possible to change LOU to other dealer because the current dealer can't get the color I want?

2) What if the banker refuse to do so because of relationship with current dealer? Any solutions?

Thanks.

No my friend. See this https://loanstreet.com.my/learning-centre/i...e-flat-interest

82k 7 yrs mbb 2.65%. Good deal?

This post has been edited by ck2chan: Dec 17 2016, 09:09 PM

Rm40k 9 years

KFH 2.94%
Maybank 3.3%