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> Flexi Car Loan, Is it worth?

manx
post Mar 14 2019, 07:46 PM, updated 5d ago

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Hi all,
Recently I came across flexi car loan from Maybank and RHB. Anybody has used this facility? How js the calculation for montly repaymemt? Will it be more reasonable using flexi to change car every 5/6 yrs vs. current loan system which the full interest are included in the loan from day 1 and with super minimal discount for full sattlement?

Thanks and appreciate any info about this.

Maybank Hire Purchase
dares
post Mar 14 2019, 08:34 PM

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Annual interest calculated on reducing balance? Like housing loan?
manx
post Mar 14 2019, 08:52 PM

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QUOTE(dares @ Mar 14 2019, 08:34 PM)
Annual interest calculated on reducing balance? Like housing loan?
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Not really sure bro thats y checking with the members here. Sounds like housing loan.
Ginny88
post Mar 15 2019, 02:48 PM

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Variable or flat interest rate. If you choose variable it means your interest rate will vary according to BLR like housing loan.
JZenith
post Mar 15 2019, 04:00 PM

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IMO maybank car loan interest is the highest,

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