Hi! Just got my loan approved.
Loan Amount : RM150k
Loan Rate : 2.31%
Tenure : 9 years
Bank : PBB
Rate ok mou?
Latest Car Loan Rate 2012-2021| 2021
Latest Car Loan Rate 2012-2021| 2021
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Sep 11 2020, 08:53 AM
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Probation
5 posts Joined: Sep 2019 |
Hi! Just got my loan approved.
Loan Amount : RM150k Loan Rate : 2.31% Tenure : 9 years Bank : PBB Rate ok mou? |
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Sep 11 2020, 10:35 AM
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Probation
5 posts Joined: Sep 2019 |
QUOTE(klacid @ Sep 11 2020, 09:14 AM) Have you try with other banks ? eg HLB, Affin Thanks! Will try on this two bank today.2.31 for 9 years - slight high should below 2.3 on the current market. It seem my sales person vv rush keep saying pbb offer is very good ask me to accept when I told him I want to try to submit other bank 😅 |
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Sep 11 2020, 06:41 PM
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Probation
5 posts Joined: Sep 2019 |
QUOTE(Buydirect @ Sep 11 2020, 02:20 PM) I can emphatize with the sales person, because usually we can tell more or less which bank is giving the lowest rate, in the market. The thing is if sales person were to submit one case to 8 banks and each time, ending up only 1 bank ( presumably with the lowest interest) gets to close the loan, the other 7 banks would shy away from processing applications from this sales person in future because all their effort do not turn into success and have "wasted" a lot of their time. Yah agree with you too. Thanks for the explanation! 😊As such, those banks would rather concentrate of cases that have "higher" chance of closing. Therefore, sales person need to play fair with the banks so that they are treated favourably too. Usually, sales person try the multiple banks application only, if the case is borderline eg one bank approve but others reject, so as not to waste precious waiting time. It is not so much on comparing interest rate. Just my 2cents. |
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