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 Latest Car Loan Rate 2012-2021| 2021

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cfa28
post Dec 16 2020, 06:38 PM

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QUOTE(Hoshiyuu @ Dec 16 2020, 05:34 PM)
CIMB 4.08% 7 years, RM20000 loan, I saw the difference between actual price my heart so painful

not sure normal or kena rompak, agent say this is normal for high downpayment loans, comments welcomed...
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This must be the flexible rate right

HP fixed rate can't be so high.

What car is ruus, new or second hand
cfa28
post Dec 16 2020, 08:26 PM

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QUOTE(Hoshiyuu @ Dec 16 2020, 07:14 PM)
Fixed rate, new 2020 Saga
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Wow, your rate is so much higher than ktek in post #2901 above

Did you apply to other banks at the same time

This post has been edited by cfa28: Dec 16 2020, 08:27 PM
cfa28
post Mar 15 2023, 07:12 PM

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QUOTE(PapadumFishCurry @ Mar 13 2023, 03:49 PM)
oic, thanks for sharing
Also another thing... I noticed foreign banks dont offer car loans. Is this because of some regulatory matter that I'm not aware of?
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HP was previously granted under the Finance Company licence and not Commercial Bank license

After the financial crisis and banking merger, the finance company was merged with the local banks

Foreign Banks did not have finance company licences

This post has been edited by cfa28: Mar 15 2023, 07:12 PM
cfa28
post Aug 29 2023, 09:48 AM

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CRV
Loan 70k 7 years
Public Bank 2.51%

is this considered good??
cfa28
post Sep 6 2023, 09:58 PM

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QUOTE(notokay @ Sep 6 2023, 07:27 PM)
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%
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another point is that if you think that interest rates are gonna go up, it might be better to lock in the rates now but if you think rates are going come down, it's better to go variable
cfa28
post Sep 9 2023, 09:02 AM

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QUOTE(bee**jay @ Sep 9 2023, 08:41 AM)
Hi, want to ask a suggestion
Getting H soon,wanna know which bank i should apply loan to get a lower fixed rate
Loan amount will be 70-75K
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public bank

but best to get a few to compare

This post has been edited by cfa28: Sep 9 2023, 09:02 AM
cfa28
post Sep 15 2023, 07:40 AM

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QUOTE(emy_xvidia @ Sep 15 2023, 12:25 AM)
5-year tenure, foreign car
RHB 2.45% Variable
HL Islamic 2.4% Fixed
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wow so nice rate. what car and what is your loan amount
cfa28
post Oct 17 2023, 08:45 PM

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QUOTE(vin39 @ Oct 17 2023, 06:53 PM)
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.
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wow, better than my public bank rate just last month.

The Takaful is good to have as security but not essential

 

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