Public Bank.

I tried ask my public bank officer. He say lowest is 2.4% currently.
What car you buying can get that rate?

I think it depends on the make, my car is Nissan so probably there is some form of a small percentage subsidy by Tan Chong.

I maybe wrong, but it's good to hunt around or put the pressure to the sales person to hunt for you.

Good luck.

Oh, maybe. I bought Hilux and the rate they give me best 2.35% RHB. But Public Bank 2.47%.

the recond car shop say PB is giving 2.4% on toyota cars... duh.. imma go checkout RHB

Planning to get a new Ford for my self and a Mitsubishi for my wife, which bank can get the best interest rate? The lowest I was informed by the SA is 2.4%.

I think depends on your docs and credit history.
No harm trying all banks.

ok.. but how bank determine the interest? Let's say:

1. A guy who got a lot of commitment & always late paying his installment. 40% of salary remaining.
2. A guy who got a lot of commitment & always pay on time. 40% of salary remaining.
3. A guy who got only 1 house, 1 personal loan & 1 credit card (no outstanding), 70% of salary remaining.
4. A guy who never owe to bank anything in his entire life. (27 years old)

Who will get the lowest interest?

3 followed by 2 followed by 4 followed by 1. 1 is most likely rejected. 4 probably need a guarantor.

Thanks a lot Icehart!

Luckily I'm guy #3

#4 he owns the bank.

Not necessarily. My brother is 27 this year and needs a guarantor for his car loan.
Never own a credit card before, hence no credit history. Bank perceive as high risk.
Salary easily can pay for the instalment though.

Maybe Wayfeel was just joking, but what Bro Icehart mentioned was also correct.
A friend of mine was in the same case.. need guarantor to apply his car loan. He earned 3k per month, his car installment only RM650/month.

hye Sifu...

i hv prob here... of cos it about loan.... my prob is, i just further my stdy and i would like 2 buy 2nd hand car n price about 22k.... can i get any loan from bank?? but i can affrd 2 paid rm7xx for installmnt evry mnth.... any advice how do i get the loan without letting my fmly noticed about this matter??.. hahaha.... do i hv any option???

Inspira 2.48% interest rate, kuwait financing house..

If you're still studying then you have no choice but to get a guarantor, unless you have proof of income (salary slip, tax form). If you're self employed, bank statement for 6 months.
For 22k, what car is that? Bank will be reluctant to loan to car more than 10 years.

Hi all sifus, would like to get some advise.

First of all, I'm considering to get my first car. My monthly income is about 2.3k gross but aside from that, I do make another extra about 1.3k outside, which is "not declared" if you know what I mean. So what I'd like to know is if my loan would be approved? My budget "could" be up to 100k, that's hypothetical. 2nd of all, is it possible to pay 0 down payment? By the way, just fyi, what I have in mind is a used Honda Civic. Your advises are much appreciated dear sifus.

you ar not going well with that budget.

my income 4k with 27 years old, still dont have car.

btw, im working with bank environment. u will in debt shit with 100k. ur salary could be good with myvi. not to makes u down, but for civic or city with 10% dp, shud be be salary around 6k. u will not get house. unless u spoon feed by parent.

your monthly installment or payback to the back should be only 30% of that 2.3k only.
rm690.
rarely they allow you having higher installment, but of coz it still possible bcoz i dunno ur background, ur father, ur bank account, ur bank loan manager, ur 1.3k source, ur etc..

what car can you get with it?

yes agreed.

you will not going well to live with small amount , ur saving, ur entertainment, houses and etc. check your commitment .