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 Latest Car Loan Rate 2012-2021| 2021

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canjeth
post Mar 30 2023, 08:27 AM

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443 posts

Joined: Apr 2015
From: Kuala Lumpur


Will banker contact me after loan is approved to inform me of the package or banker will only inform salesman?

I submitted applications to 4 banks, out of which 3 shows as "Pending Acceptance by Customer" so I assume they are approved, but none of the banks contacted me yet like in the case of my housing loan. Is this normal?
canjeth
post Mar 30 2023, 10:11 AM

Casual
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Junior Member
443 posts

Joined: Apr 2015
From: Kuala Lumpur


QUOTE(jhleo1 @ Mar 30 2023, 10:03 AM)
Bank usually will the one who submit application not car owner who want to apply.
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My question is how will customer be informed of loan approval. Will the banker inform customer directly or salesperson will inform customer instead?

And loan application was submitted by salesperson to bank. Not possible for bank submit to itself without a 3rd party.
canjeth
post Apr 3 2023, 04:17 PM

Casual
***
Junior Member
443 posts

Joined: Apr 2015
From: Kuala Lumpur


Applied to 4 banks
110k
9 years

MBB - 2.5% (flexi)
RHB - 2.47% (flexi)
PBB - 2.64% (fixed)
Ambank - 3.26% (fixed)

Ambank banker said will appeal
canjeth
post Apr 4 2023, 12:43 AM

Casual
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Junior Member
443 posts

Joined: Apr 2015
From: Kuala Lumpur


QUOTE(propusers @ Apr 3 2023, 08:36 PM)
looks like RHB win 2.47% (flexi)..
apply urself or your car SA help you to submit application?
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Applied thru SA. SA informed managed to appeal RHB to 2.35%.

But it's flexi so if OPR +0.25 2 times which is very likely to happen within the next 1-2 years, then become 2.85% and so on. Better go with fixed 2.64%?
canjeth
post Apr 4 2023, 06:23 PM

Casual
***
Junior Member
443 posts

Joined: Apr 2015
From: Kuala Lumpur


QUOTE(canjeth @ Apr 3 2023, 04:17 PM)
Applied to 4 banks
110k
9 years

MBB - 2.5% (flexi)
RHB - 2.47% (flexi)
PBB - 2.64% (fixed)
Ambank - 3.26% (fixed)

Ambank banker said will appeal
*
Appealed for RHB and Ambank

RHB - 2.35% (flexi)
Ambank - 2.36% (fixed)
canjeth
post Jun 23 2023, 09:40 AM

Casual
***
Junior Member
443 posts

Joined: Apr 2015
From: Kuala Lumpur


QUOTE(propusers @ Jun 5 2023, 09:06 PM)
will e-CCRIS show the record after banks approve my car loan application?
Let say I apply 2 banks and both also approve the loan, before I accept any offer, will e-CCRIS show 2 application records?
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It will show on your CCRIS until you request for cancellation. I applied to 4 banks and had to call the 3 other banks to cancel my applications as they were still showing on my CCRIS after almost 3 months. I thought they will auto-cancel after 1 month non-acceptance.

 

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