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 Early settlement car loan - how it works?

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Icehart
post Feb 19 2023, 02:18 PM

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From: Kuala Lumpur & Selangor


QUOTE(romuluz777 @ Feb 19 2023, 01:39 PM)
Normally there is no penalty for early settlement. Just a rebate on interest depending on how far along you are with the remaining loan tenure.
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Have to see your agreement.
Mine if settle less than 12 months will incur RM 600 penalty.

 

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