High credit limit won't affect, but not paying your credit card bills will definitely affect it.

Yes isr25 correct, high limit due to high income or salary. What to worry.

102k, 2.62 % for 9 years, Cixb

what year is the car? pretty good value tho.

High Credit limit not a problem but high credit card usage might lower your scoring if your income don't match up. The bank will analyze your total income vs expenditure (other loans commitment including credit card usage etc), the former must be of course more than the latter and the loan will be approved if the percentage is favourable.

Anyone using variable interest rates?

Thanks for the information. I am just wondering how the bank will know what is the credit card expenditure, based on CCRIS total outstanding balance?

grad scheme 3.1% honda jazz 69k

may i know what is rbh flexi loan? got any different with traditional hp loan?

Hi lowyatian,

May i know what the current rate for local car?..
I`ve been offered 3.31% from maybank for 54k loan..
Is it good? Or can i get lower?

Flexi loan is about , can reduce the intrest rate while paying more than the monthly installment (eg : shorten the tenure period )

Fixed loan is about to lock in the intrest for the tenure years , have to pay full intrest or may reduce some if earlier settlement

Please correct me if im wrong .

Got offered 3.8% flexi loan from pbb about rm105k x 7years 2016 december .

Loan 116k
Ambank 9 years.
3.0%
Bank said because i never had history pay loan before.

New car purchased ?

Before this car loan application, do you using any credit card ?

Back to 4 years ago, I have applied car loan with AmBank too, and they didn't mention about this to me

Yes new car.
Nope. No credit card. No PTPTN
i had 1 loan apporve. House loan before but still havent start payment.
Bank check my CRISS mark 0 ( zero ). No payment loan history.

Before this few bank reject loan same reason.

No payment loan history meant good right? Scare to accept new kid?

Actually no payment recorded is consider as like "fresh paper", so bank unable to identify whether or not you are in good payment.

Therefore, with payment history with good payment is important when you applying loan (car/Housing)

Anyone who can share whether fixed or variable interest rate for hire purchase loan is better? Many thanks!

In my opinion, depending on the terms of the loan, a variable interest rate loan will be better if you decide to pay back more and much earlier than your fixed monthly installment, so that you can save on the total interest payable. On the contrary, a fixed interest rate is better if you intend to just service the normal installment and use whatever extra income to invest in other things that gives you better return in the long run.

This post has been edited by Buydirect: Feb 11 2017, 06:36 PM

Thanks for your input. If the interest rate is lower, I might go for it and take the risk of BLR/BR going up or down since my housing loans are dependent on BLR/BR too.

But I do appreciate more views from all sifus here.

Nowday the interest rate is depend on personal credit score?

or like old day, the interest rate is fixed under package for everyone?