Just curious this is fixed or variable rate?

Should be fixed cos they r HP.

Guys,

If my sdn bhd company is 2 years old but but 2 months in business, can I get loan with director or shareholder guarantee?

Based on Fixed rates

In any Sdn Bhd company loan, the company director must stand as personal guarantor, which is a requirement and not an option. Banks usually need to look at minimum 6 months bank statement with active transactions. I think it would be very difficult for bank to approve with just 2 months of business transactions, as they need to look at the average positive cash flow for past 6 months. Some companies also need to submit their audited accounts , in order for bank to know that the company is a profitable company.

Ok noted. What is I buy under personal and later refinance under company after it is qualified. Will the bank consider as second hand car interest rate?

Yes, bank will consider it as a second hand unit and it is subjected to higher interest.

Hi guys, able to share what's the latest HP rate that you get from the bank? Since the latest OPR has been dropped and I foresee it will continue to drop to 1.50% in the coming months..

Yeah, i am interested to know the interest rate for 5 years loan..

I think so far the best is 2.13% for 5 years

Anyone can share the banker contact that offer the above?

Wah so low haa?

How long normally bank take to process loan?

My loan just approved by Public Bank for used car today.

Car price OTR 62k, d/p 22k.

Total 40k loan, 7 years @ 3.66%.

I've got an offer letter from Hong Leong Bank for used car

Rm40k loan, 5 years @ 3.49%

Still waiting for offers from CIMB & Public Bank

Not bad, I believe my interest is higher as bank deem me higher risk due to my current commitments.

On average 3 working days

Just got the offer from CIMB & Public Bank

CIMB offered 3.36%
Public bank offered 3.52%

You could try apply loan from other banks. Maybe you could get better lower rates.

This post has been edited by amscouzach57: Jul 23 2020, 05:11 AM

Just got approval for new car.

MBB - 7 years - RM225k - 2.44%

Seems high.

Hi guys. Anyone know what's the oldest age a used car is eligible to a car loan?
Am looking at a used conti, 2011 made / 2013 registered bmw / or VW as my 2nd car.
Thanks.

whats the rate for perodua alza 47k with 7years ?

Safest bet should be 10 years old. Max loan tenure given usually up until when the car is 15 years old. E.g. If car is 10 years old then max loan tenure is 5 years.

Of course subject to bank’s review and approval as well since many factors affect this like car make/model, borrower’s credit/risk assessment and so on.

tried before 7 years old car with 9 years loan