Latest Car Loan Rate 2012-2021| 2021
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 Oct 18 2012, 03:24 PM
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#1
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Senior Member
2,215 posts Joined: Oct 2010 
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I see the majority of you fellas here are taking HP loans of 7 or 9 years.
You should keep it at max of 5 years loan tenure. If you can't, that means you are not able to afford the car. Get a cheaper car. |
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Jun 28 2016, 09:26 AM
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#2
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Senior Member
2,215 posts Joined: Oct 2010
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Exactly one year ago....
Honda 120K 7 years 2.54% PBB |
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Jun 20 2018, 07:14 PM
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#3
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Senior Member
2,215 posts Joined: Oct 2010
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2.40% 185k 7-yrs PBB
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Jun 21 2018, 01:21 PM
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#4
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Senior Member
2,215 posts Joined: Oct 2010
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Self submit coz dowan SA to see the payslip
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Jun 30 2018, 02:34 PM
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#5
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Senior Member
2,215 posts Joined: Oct 2010
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44k, 5 yrs @2.90% MBB
Myvi 1.5 Advance |
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Sep 14 2020, 02:04 PM
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#6
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Senior Member
2,215 posts Joined: Oct 2010
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I think a guarantor is required if the applicant has no credit history, just started working or zero track record or has never been issued a primary credit card before.
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Oct 4 2020, 11:06 PM
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#7
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Senior Member
2,215 posts Joined: Oct 2010
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3.01% 34K 5 years Axia
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Mar 17 2021, 02:15 PM
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#8
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Senior Member
2,215 posts Joined: Oct 2010
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Used car int rates as marginally higher than new car's.
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Feb 3 2023, 11:34 AM
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#9
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Senior Member
2,215 posts Joined: Oct 2010
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I would always take a 7 year HP loan, and then do an early settlement within 4 years. After all there is some rebate in the interest. Not much but still makes some difference.
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Mar 5 2023, 11:50 AM
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#10
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Senior Member
2,215 posts Joined: Oct 2010
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QUOTE(bogletails @ Mar 5 2023, 11:44 AM) You clearly don't know how hp interest work. In this way you will pay majority of the loan interest within the 4 years and early settlement is not worth it. Lets agree to disagree. Car loan is not like house loan using reducing balance method, your total interest to pay is already fixed when you take the loan, and you will pay a lot of the interest portion early in the year. Late stage of the loan only had very little interest and all principal only. Can read more here https://loanstreet.com.my/learning-centre/h...-the-rule-of-78  Each car buyer has different priorities on cash flow. I’m not the type who counts every cent on how much I lose or save on when to do early settlement. I just want a specific car based on my own budget, and would like to get rid of my loan commitments after a certain time. No need for you to educate me of what I do and do not know. To each his own. gobiomani and bogletails liked this post
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Aug 24 2023, 01:54 PM
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#11
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Senior Member
2,215 posts Joined: Oct 2010
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QUOTE(carvajal18 @ Aug 19 2023, 10:58 AM) BMW iX1 EV for the 320i, any idea of the HP rate for 7 years from Affin ?affin 2.27% 7 years BMW 320i affin 2.54% 9 yeaars EV get specials rate, if you are purchasing EV the bank that I recommend will be HL & Affin, Ambank use to offer lowest for EV but not anymore if short term like 2-5 years go for RHB variable rate. Cheers! |
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Dec 27 2023, 12:09 AM
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#12
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Senior Member
2,215 posts Joined: Oct 2010
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QUOTE(bokbokchai @ Nov 5 2023, 09:43 PM) hi guys sorry the question might be non-related. No choice but to call the HP dept of the loaning bank to enquire current full settlement balance. Also make sure to keep a PDF copy of each payment transmittal in own records.Got my new car and signed car loan with ambank. however, personally doesnt own any ambank account and stuff. already been paying installment via M2u to hire purchase account. But i have concerns and wanna see details and leftover balance of the ambank loan account. Is there anyway to do so? since i dont own any ambank SA or CC I have the same issue, regular of PBB but HP is with Affin (couldnt change it as they are Auto Bavaria’s panel bank) |
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