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 Latest Car Loan Rate 2012-2021| 2021

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Seng_Kiat
post Sep 6 2015, 07:00 AM

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Loan amount: Rm117k
Bank: Public Bank
Interest: 2.61%
Period: 9 years
Seng_Kiat
post Jul 9 2020, 08:36 PM

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Guys,

If my sdn bhd company is 2 years old but but 2 months in business, can I get loan with director or shareholder guarantee?
Seng_Kiat
post Jul 13 2020, 04:33 PM

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QUOTE(Buydirect @ Jul 13 2020, 03:39 PM)
In any Sdn Bhd company loan, the company director must stand as personal guarantor, which is a requirement and not an option. Banks usually need to look at minimum 6 months bank statement with active transactions. I think it would be very difficult for bank to approve with just 2 months of business transactions, as they need to look at the average positive cash flow for past 6 months. Some companies also need to submit their audited accounts , in order for bank to know that the company is a profitable company.
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Ok noted. What is I buy under personal and later refinance under company after it is qualified. Will the bank consider as second hand car interest rate?
Seng_Kiat
post Jul 20 2020, 04:14 PM

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QUOTE(Michealt @ Jul 14 2020, 06:57 PM)
Yeah, i am interested to know the interest rate for 5 years loan..

I think so far the best is 2.13% for 5 years

Anyone can share the banker contact that offer the above?
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Wah so low haa?

How long normally bank take to process loan?
Seng_Kiat
post Jul 23 2020, 05:03 PM

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Just got approval for new car.

MBB - 7 years - RM225k - 2.44%

Seems high.

 

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