Latest Car Loan Rate 2012-2021| 2021
|
|
 Jul 20 2012, 11:47 AM
|
 
Senior Member
5,989 posts Joined: Nov 2005 
|
This is what I was quoted for purchase of new Korean car price about 150k, 90% loan:
Affin - 2.38% Hong Leong - 2.38% Public - 2.40% Maybank - 2.47% For term of 5 years or 7 years (both also same rate). This post has been edited by jchong: Jul 20 2012, 11:56 AM |
|
|
|
|
|
Jul 20 2012, 01:30 PM
|
Senior Member
4,306 posts Joined: Oct 2006 
|
imported unreg recon car consider as used car loan or new car loans?
|
|
|
Jul 20 2012, 02:32 PM
|
Junior Member
382 posts Joined: Dec 2005 
|
QUOTE(evolution120 @ Jul 20 2012, 01:30 PM) imported unreg recon car consider as used car loan or new car loans? New car loan. |
|
|
Jul 20 2012, 02:44 PM
|
Senior Member
751 posts Joined: Mar 2007 
|
hi all,
for a RM70k loan over 7 years @ 2.5% (from Maybank) is it considered average of high? just got quoted this rate (for Honda) |
|
|
Jul 26 2012, 05:15 PM
|
|
Newbie
0 posts Joined: Jul 2012
|
Hi all juz wanna ask if my salary is 1500, can i get a loan for 49000? Im planning to buy 2nd proton satria neo cps.. Help need plz..
|
|
|
Jul 26 2012, 11:38 PM
|
Senior Member
1,224 posts Joined: Nov 2009 From: Kuching + KL
|
QUOTE(spidey2033 @ Jul 26 2012, 05:15 PM) Hi all juz wanna ask if my salary is 1500, can i get a loan for 49000? Im planning to buy 2nd proton satria neo cps.. Help need plz.. most likely will be rejected. |
|
|
|
|
|
Jul 27 2012, 12:08 AM
|
Junior Member
124 posts Joined: Jul 2012
|
QUOTE(danabu @ Feb 17 2012, 02:25 PM) Financial guru advice / guideline: Max15% of income?Max 15% of monthly income and not more then 5 years for the car loan. Even you plan to use the car more then 5 years. We should invest the money not spending all the money on car loan. Car works for us not we work for the car. Let the investment generate some extra money for us. If 10%, want buy vios pay 7years, 1000monthly+- that mean every month average must get salary rm10k? I saw many fresh grad with 2k to 3k also paying 800-1.2k monthly installment for car. Guru should help them lol |
|
|
Jul 27 2012, 12:17 AM
|
Junior Member
141 posts Joined: May 2011
|
My loan with mbb 5 years, car ford ranger 2012 90% MOF approved at rate 2.49%
Still waiting from public and affin |
|
|
Jul 27 2012, 07:21 AM
|
Senior Member
2,549 posts Joined: Dec 2004 From: Sungai Petani, Kedah
|
QUOTE(moyong @ Jul 20 2012, 02:44 PM) hi all, mbb 2.49%for a RM70k loan over 7 years @ 2.5% (from Maybank) is it considered average of high? just got quoted this rate (for Honda) |
|
|
Jul 27 2012, 07:42 AM
|
Junior Member
282 posts Joined: Dec 2009
|
Latest rate I get from MBB for 2.48% for RM89,900 for 9 years loan and RHB islamic for 2.35% for same amount of loan and tenure . Wondering how RHB can offer so much lower than maybank. Calculated it and save RM1,051.83 throughout the 9 years. But troublesome part is salary is through MBB TT.
But is it better to save more money by investing in share market or to repay early. As some of the investment yield 8% dividend p.a and not include equity gain yet as what i did with my Axis Reit as bought in earlier at RM1.30 time. |
|
|
Jul 27 2012, 11:30 AM
|
|
Newbie
0 posts Joined: Jul 2012
|
QUOTE(stargate8 @ Jul 26 2012, 11:38 PM) most likely will be rejected. ohh really? how am i gonna buy car... damn...  |
|
|
Jul 27 2012, 11:45 AM
|
Senior Member
1,508 posts Joined: Feb 2007
|
QUOTE(cutejams2004 @ Jun 12 2012, 11:35 PM) i recently planned to get a car and my loan was approved from RHB, However, now i wish to switch the car dealer and the new dealer said I can get my approved loan to be transferred over since I did not sign anything yet. The new dealer is in the process to do so, but somehow the previous car dealer got to know. Both are perodua dealers by the way. Now the old dealer is kind harassing us by calling off and on to tell us they'll match whatever offer given by the new dealer but would not allow the loan to be transferred. i suggest if too troublesome to complain to Perodua, just go back to old SA, and bargain for more free gifts.. since now the power is in ur hands.Can the car dealer do so since the loan approval is by right subjected to the bank's approval? |
|
|
Jul 27 2012, 07:47 PM
|
|
Senior Member
1,224 posts Joined: Nov 2009 From: Kuching + KL
|
QUOTE(spidey2033 @ Jul 27 2012, 11:30 AM) ohh really? how am i gonna buy car... damn... best rule of thumb is, monthly loan repayment not more than 1/3 of your NET salary.otherwise, you will suffer. unless you got parents to pay for your living expenses and also higher DP. say 20-30%. |
|
|
|
|
|
Jul 27 2012, 08:56 PM
|
Junior Member
17 posts Joined: Oct 2008
|
Getting a loan amount more than 2X of your annual salary is risky.
My personal opinion is max 100% of your annual net salary. |
|
|
Jul 28 2012, 10:36 AM
|
|
Newbie
0 posts Joined: Jul 2012
|
QUOTE(stargate8 @ Jul 27 2012, 07:47 PM) best rule of thumb is, monthly loan repayment not more than 1/3 of your NET salary. Im living with my parent btw... do u mind tell me which bank is easy to get loan? otherwise, you will suffer. unless you got parents to pay for your living expenses and also higher DP. say 20-30%.  |
|
|
Jul 29 2012, 12:33 PM
|
|
Senior Member
1,224 posts Joined: Nov 2009 From: Kuching + KL
|
QUOTE(spidey2033 @ Jul 28 2012, 10:36 AM) Im living with my parent btw... do u mind tell me which bank is easy to get loan? maybe your parent can be your guarantor... try those banks which u and parent have account with.. chances of getting may be higher... |
|
|
Jul 29 2012, 01:44 PM
|
All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
|
Anyone here knows what is the rate for used car at the moment? I am looking forward to Altis 2008 - 2009 with 40k dp. Loan preferably 7 years.
|
|
|
Jul 29 2012, 02:49 PM
|
|
Junior Member
119 posts Joined: Feb 2012
|
3.xx% pa to 4.xx%pa is the norm but it depends on your credit rating and income among others.
The banks nowadays do credit profiling for risks assessments. This post has been edited by zib5: Jul 29 2012, 02:50 PM |
|
|
Jul 29 2012, 05:58 PM
|
|
Junior Member
248 posts Joined: Nov 2004 From: subang jaya
|
Hi guys, just to share i got a 2.35% from rhb islamic for a 9 year loan (honda)
|
|
|
Jul 29 2012, 08:19 PM
|
|
All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
|
QUOTE(zib5 @ Jul 29 2012, 02:49 PM) 3.xx% pa to 4.xx%pa is the norm but it depends on your credit rating and income among others. Thank you for your input The banks nowadays do credit profiling for risks assessments.  |
| Change to: |  0.0228sec
 0.31
 6 queries
 GZIP Disabled
Time is now: 3rd December 2025 - 12:40 AM |
Quote