Planning to get a new Ford for my self and a Mitsubishi for my wife, which bank can get the best interest rate? The lowest I was informed by the SA is 2.4%.
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 Oct 31 2012, 04:55 PM
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Nov 1 2012, 11:09 AM
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#2
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QUOTE(Icehart @ Oct 31 2012, 07:26 PM) I think depends on your docs and credit history. ok.. but how bank determine the interest? Let's say:No harm trying all banks.   1. A guy who got a lot of commitment & always late paying his installment. 40% of salary remaining. 2. A guy who got a lot of commitment & always pay on time. 40% of salary remaining. 3. A guy who got only 1 house, 1 personal loan & 1 credit card (no outstanding), 70% of salary remaining. 4. A guy who never owe to bank anything in his entire life. (27 years old) Who will get the lowest interest? |
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Nov 1 2012, 11:34 AM
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#3
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QUOTE(Icehart @ Nov 1 2012, 11:26 AM) 3 followed by 2 followed by 4 followed by 1. 1 is most likely rejected. 4 probably need a guarantor. Thanks a lot Icehart! Luckily I'm guy #3  |
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Nov 2 2012, 02:35 PM
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#4
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QUOTE(Icehart @ Nov 1 2012, 10:48 PM) Not necessarily. My brother is 27 this year and needs a guarantor for his car loan. Maybe Wayfeel was just joking, but what Bro Icehart mentioned was also correct.Never own a credit card before, hence no credit history. Bank perceive as high risk. Salary easily can pay for the instalment though. A friend of mine was in the same case.. need guarantor to apply his car loan. He earned 3k per month, his car installment only RM650/month. |
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