Managed to get 2.31% from MBB for RM150k 9 years for 2019 car.

2.31% is low, the 2019 car is brand new but manufactured in 2019?

Can I still get a car loan if I no longer has taxable income, but with non-taxable investment income?

Wouldn't affect much for fixed rate, if variable rate loan yes

my loan just approved~
loan 40k interest 3.52%
 

my loan just approved~
loan 40k interest 3.52%
 

Wow so high at a time with low interest rate. Which bank/finance co?

My loan just approved and sign... Ambank, loan 22k. 4.56%

ya.. i have been told local car rate is much lower.
thanks for sharing!

I am been offered around 2.2% by Affin, 6 years. Anyway my loan above 100 k and for non national car maybe that also explain low interest rate I am getting.

ya.. i have been told local car rate is much lower.
thanks for sharing!

Local car means proton and perodua

Will hire purchase loan interest rate affected by BNM OPR policy? as today news OPR reduced from 2% to 1.75%

Just curious this is fixed or variable rate?

Which better to take, variable or fixed rate?

In my opinion, it is best to take fixed rate at this moment, because interest is at an all time low. It doesn't make good money sense to take variable rate because when economy recovers in the long run, the interest rate would only go up.  On the contrary, if the interest rate is very high, then taking variable rate is worth doing, to capitalize on lower interest when OPR/BLR goes down.
Most banks, either conventional or Islamic loan are in FIXED rate for auto loans. Only limited banks like Maybank do offer variable rate.

Cars are depreciating assets, so fixed rate would hedge it better against depreciation and inflation, especially those taking 9 years tenure. There are many cases of payment defaults, where banks need to repossess the cars and auctioned them, many times at a loss, even after factoring in the interest. Fixed rate would take away many uncertainties so that auto loans can continue to be profitable for banks.

The other thing is of course is, if you take a 9 year loan, but settle the loan within 2 years, you are not going to get a clean waiver of interest of 7 years under FIXED rate, unlike that of housing loan. As such, when you do early settlement of the auto loan, the fund goes back to the bank system with "added" profit and that is what drives the economy.

That's just my take.

Affin offer 2.16% for 7yrs loan..
anyone taking affin car loan? service ok?

Try to get a guarantor who can combine the income with you. If you are still single, your parent. If married, then spouse. Either one must have income.

Provide your investment certificate / savings / shares / FD / mutual funds etc  info to the bank. Your income tax return declaration is also an evidence of your income from investment. The bank  can consider. In worst case scenario, they may ask for a guarantor with stable and predictable income.
The most important thing is that the salary of 1500 is credited into your bank account on monthly basis and your bank statement can prove the same.
Secondly, bank would prefer that your company pay EPF and socso, which is another evidence.
As for payslips, it is not that big of a problem if you have the above information at hand. Perhaps you can seek your SA for further advice.
My honest opinion however is that your salary may not meet the requirement of the bank.

Only parent or spouse can stand as guarantor, in order to combine income to qualify for loan. However, if the reason is because of lack of track loan record but income is OK, sometimes bank may consider sibling as guarantor.