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Latest Car Loan Rate 2012-2021| 2021
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Icehart
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 Dec 20 2012, 07:30 PM
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QUOTE(yvonne9003 @ Dec 20 2012, 07:26 PM) I take loan for 59k. Still waiting for the result from the bank. May I know normally how it take to approve the loan? Submitted documents on last Tuesday 
Added on December 20, 2012, 7:27 pmPublic bank require a guarantor from me. So, today morning I have sent the required documents (guarantor) to my SA. Do update on the rate. Mine is 2.47% from Public Bank. 2.4% from Maybank. 2.35% from RHB (But I reject it because the bank branch very far from my home). |
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yvonne9003
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Dec 20 2012, 07:31 PM
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New Member
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QUOTE(Icehart @ Dec 20 2012, 07:30 PM) Do update on the rate. Mine is 2.47% from Public Bank. 2.4% from Maybank. 2.35% from RHB (But I reject it because the bank branch very far from my home). Your interest rate is for what car? If bank require guarantor, is it mean the loan will approve once I got guarantor? |
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Icehart
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Dec 20 2012, 07:33 PM
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QUOTE(yvonne9003 @ Dec 20 2012, 07:31 PM) Your interest rate is for what car? If bank require guarantor, is it mean the loan will approve once I got guarantor? Interest rate for Non-Local car. Well, most likely yes but also have to depend on the credibility of your guarantor. Actually guarantor just help you get a credit facility from banks. So make sure you pay on time, then future purchases including house will be much easier.  |
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Azuan90
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Dec 20 2012, 07:34 PM
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Getting Started
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i got 2.47 interest from maybank..
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yvonne9003
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Dec 20 2012, 07:38 PM
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New Member
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QUOTE(Icehart @ Dec 20 2012, 07:33 PM) Interest rate for Non-Local car. Well, most likely yes but also have to depend on the credibility of your guarantor. Actually guarantor just help you get a credit facility from banks. So make sure you pay on time, then future purchases including house will be much easier. Oh, okay. Thanks for the comment. Hope to know the result on tomorrow. |
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huiqing88
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Dec 20 2012, 11:18 PM
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Hi all, would like to ask a question here.
Plan to buy Preve, downpayment 20k, loan amount ~50k, 5-7 years
Salary 3k
Able to get around what % interest rate?
This post has been edited by huiqing88: Dec 20 2012, 11:19 PM
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gkl83
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Dec 20 2012, 11:27 PM
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QUOTE(huiqing88 @ Dec 20 2012, 11:18 PM) Hi all, would like to ask a question here. Plan to buy Preve, downpayment 20k, loan amount ~50k, 5-7 years Salary 3k Able to get around what % interest rate? different bank different rate... as market rate for proton about 2.75% now usually proton have higher interest rate compare to non-local car... |
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sheahann
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Dec 20 2012, 11:52 PM
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QUOTE(yvonne9003 @ Dec 17 2012, 09:12 PM) Hi, I'm a degree fresh graduate. I started work from July 2012. Now my basic salary is RM2300 + RM100 (fixed transport allowance). Is the nett salary include the fixed transport allowance? if YES, then my nett salary is around 2.1k. I'm planning to buy my first car, cost RM63500 and I'm planning to get RM60k loan. Now, my SA offer me RM3000 discount as promotion. How high the possibilities for me to get the loan approved? I prefer Maybank as I'm using Maybank cc for 1 month+. no commitment/debt/outstanding for my cc. wah with 2.1k also can buy 63k cars ...  |
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crocky
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Dec 21 2012, 12:14 AM
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New Member
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Try ambank
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selvenz
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Dec 21 2012, 06:53 AM
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My hong leong under 6 hours, morning submit lunch time approve
Affin 2 days
public bank 4 days
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SUSkimsim
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Dec 21 2012, 07:35 AM
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QUOTE(sheahann @ Dec 20 2012, 11:52 PM) wah with 2.1k also can buy 63k cars ... He/she had been standby for do monthly installment of 9 years on every mths pay Rm715 of 3.2% interest rate. After deduct the petrol & maintenance + road / insurance, I think not much left and the only cover by extra bonus only. This post has been edited by kimsim: Dec 21 2012, 07:37 AM |
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sheahann
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Dec 21 2012, 02:10 PM
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QUOTE(kimsim @ Dec 21 2012, 07:35 AM) He/she had been standby for do monthly installment of 9 years on every mths pay Rm715 of 3.2% interest rate. After deduct the petrol & maintenance + road / insurance, I think not much left and the only cover by extra bonus only. 715 + petrol/parking/toll roughly 400. annual insurance divide by 12 so roughly 1 month 150. 1264... maintenance although new car free, sometime still buy la perfume for car/car wash/ small maintenance. 1 month lets say 36.. so 1300 ... 2100 - 1300 .. Left 700. phone bill 100 left 600. food 400. left 200. oh mai, electric/rental ? |
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Sharv The Great
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Dec 25 2012, 07:34 PM
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New Member
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RM 30000
5.6% for 2 years
PBB
12 Year Old Camry
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Icehart
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Dec 25 2012, 07:38 PM
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QUOTE(Sharv The Great @ Dec 25 2012, 07:34 PM) RM 30000 5.6% for 2 years PBB 12 Year Old Camry Consider good already since you can finance a 12 years old Camry. |
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Sharv The Great
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Dec 25 2012, 08:57 PM
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New Member
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QUOTE(Icehart @ Dec 25 2012, 07:38 PM) Consider good already since you can finance a 12 years old Camry. Actually the loan can go up to 4 years according to the bank...its true that Camry has good resale value..haha |
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SUSkimsim
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Dec 26 2012, 07:59 AM
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QUOTE(Sharv The Great @ Dec 25 2012, 07:34 PM) RM 30000 5.6% for 2 years PBB 12 Year Old Camry Actually the finance only earn you about Rm3300 per 2 yrs loan  |
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Sharv The Great
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Dec 26 2012, 01:06 PM
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New Member
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haha..faster payment means less debt
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Lyner88
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Dec 28 2012, 05:00 PM
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New Member
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RM 40000
3.89% for 4 years
PBB
2004 Year Old Altis
Is it reasonable?
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ppguy2006
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Jan 3 2013, 01:37 PM
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Getting Started
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Anyone using Islamic Car loan? What is the different in term of term and condition compare to the conventional one?
This post has been edited by ppguy2006: Jan 3 2013, 01:44 PM
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youngman28
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Jan 3 2013, 02:45 PM
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Getting Started
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QUOTE(LittleBear @ Jan 3 2013, 02:43 PM) Why are you taking a loan of 40k & buy a 10 year old car? Imagine the repairs that you will need to perform on that car. Well, Persoanlly, A 10 year old Altis is anywhere better than a 3 year old C segment local car, brand T is famous for the reliability and low maintenance cost. Nothing wrong with the deal. |
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