MYVI AV

Loan RM55k
Affin Bank
Variable rates, 2.31%
is weird isnt it? or is that the BLR without adding the OPR? which would be 5.31% lol?

Huh, im a bit confused. That 2.75% flat meaning?

What would be better if compared to fixed rate of around 3.5%? Fixed or variable?

Thanks been reading some materials on variable rate on internet too but still got confused sometimes. Anyway the only thing that matter is effective interet rate

The latest what my banker said is

Standardised Base Rate 3.00% + 2.31% (spread price) equivalent to fixed 2.89%

Now i understand that SBR is pegged to OPR, dont quite get how they add the spread price and convert it to equivalent fixed 2.89%

Thanks guys.

By the way, i also try applying for Bank Rakyat. Just got sms its approved

"RM0.00 Pembiayaan SEWA BELI KENDERAAN-I ANNAQLU 1 (NON BPA/PGM-NAS) anda telah diluluskan sebanyak RM 55,700.00. Harga Jualan adalah RM 68,984.45. Pertanyaan lanjut sila hubungi BANK RAKYAT 1300805454"

that looks around 2.65%, tho im not sure if its variable or fixed since the sms just say its approved for what amount... gonna ask the bank tomorrow
If its fixed, for Myvi which deem higher risk by bank, is pretty good rate right?

Tesla Model 3 RWD
Loan 170k, 9 years

Maybank - flat rate 2.5%, flexi rate 2.35%, ARP 1.98%
Ambank flat rate 2.5%
RHB flexi 2.05%

RHB seemed very low dunno whether any catch, but Maybank and Ambank is official Tesla financier together with  the panel insurance company Etika and Liberty respectively

Vios G loan RM 80K

BSN 2.45% fixed rate
Bank Islam 2.3% fixed rate

7 years loan

I went with Bank Islam however I had to pay for reducing term Takaful RM 474.40.

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?

Yes. Proton Persona.

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

Guys, is it common for a bank staff asking you to prepare some cash for 'stamping' when coming to meet you at your office/place for signing a hire purchase agreement? I can't recall any banker did that to me during all of  my previous hire purchase signing. Never need to make any cash payment, all was done through electronic means, never in cash. Please advise.

Adjusted rate, not actual market rate.

MBB, 7 years, 25% downpayment, 0.78%. Loan amount = RM150k.
Promo from Tesla, where they offer low interest rate (they will pay the difference in market interest rate directly to the bank).