Seems like nowadays the Hire Purchase rate is high nowadays. I got some offer from 2.61% to 2.64%.

2.72% Interest , HRV-1.5V
136,400 Loan Approved Maybank

This post has been edited by vaksin: Feb 6 2024, 11:54 AM

2.25% 9 years
2xxk

Bank Muamalat. Bank officer damn good, anybody wants can PM me happy to refer.

bro, pm-ed u. want that banker detail

I'm applying for a hire purchase financing for a new car purchase of RM 60k.

I got the first approval from Affin Bank which offers me at 3.46%.

Wondering is it fair or is there any bank which can offer more competitive rates?

what is the average car loan interest rate now for about RM90k loan?

Local car?

Yes. Proton Persona.

Local car usually has higher interest rate compared to imported car.

Maybank - Feb 2024 quotation for S70 flagship

Both fixed rate
5yrs- 2.59%, RM 1,563
7yrs- 2.63%, RM 1,171

Hi guys , getting loan offer from below banks but I feel it's too high , is it true that Bank Islam / Bank Rakyat / Bank Muamalat has much better interest rate for Recon cars worth 2xxK ? Recon same as new car loan rate .

Pbb - 2.75% 9 years
Mbb - 2.85% 9 years

This post has been edited by Gatsby IT: Mar 2 2024, 06:18 PM

Try Hlb. Got mine 3 years ago with only 2.28 7 years. 9 years was only 2.08 that time.

Ok bro i think that time is Covid low interest rate market stimulation period haha .

Lexus?

HLB 2.70
Affin 2.64
PBE 2.56
Ambank 2.56
RHB 2.10 (flexi loan - green financing)

It's a Toyota haha

Can share with me ?

Do u have latest rate now for recon car loan 120k 7yrs

Got it for 2.56 pbb recon car recently

Do you apply any so far?

How much load? If don't mind can know what car? Wondering if type of car or model will affect interest rate?