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 Last payment of car loan

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quartre88
post Mar 28 2023, 02:30 PM

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olden days they take ur pink slip and chop and give u release/clearance letter

now ejpj bank do just do final settlement kawtim
tifosi
post Mar 28 2023, 02:34 PM

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QUOTE(aidris87 @ Mar 28 2023, 02:08 PM)
i fully settled my car payment when there were 5 months left, never bothered to contact the bank

why your banker ask to go to branch?
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Fully settle doesn't mean the car is legally yours. Have you gotten the e-batal? Else the car is still under the bank and you can't sell it off until you sort it out.
aidris87
post Mar 28 2023, 02:34 PM

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QUOTE(Natsukashii @ Mar 28 2023, 02:16 PM)
Go bank.. there's e-milik jpj thing bank will need to do.

Bank will remove their hakmilik of your car, they'll do it online on the spot and give you the JPJ memo
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i see. few days after i made the full payment, i received an automatic letter by the bank stating that my instalment is completed. i just assumed that letter is proof that hakmilik thing is already settled.

anyway i have sold off the car, no issue whatsoever
submergedx
post Mar 28 2023, 02:35 PM

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QUOTE(samftrmd @ Mar 28 2023, 01:37 PM)
Next month will be the last payment of my car loan. The operator advise me to go to any branch to perform the payment instead of online bank transfer. What document should I get back from the bank?
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Never paid any car loan since graduated
owai this year going to buy new car my first car loan

aidris87
post Mar 28 2023, 02:37 PM

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QUOTE(tifosi @ Mar 28 2023, 02:34 PM)
Fully settle doesn't mean the car is legally yours. Have you gotten the e-batal? Else the car is still under the bank and you can't sell it off until you sort it out.
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didnt get any e-batal, but i received auto letter from bank saying instalment complete. i just used that as proof the bank has relinquished ownership.

i already sold off the car, no issue so far
fantasy1989
post Mar 28 2023, 02:56 PM

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QUOTE(aidris87 @ Mar 28 2023, 02:08 PM)
i fully settled my car payment when there were 5 months left, never bothered to contact the bank

why your banker ask to go to branch?
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because still need bank to give letter n clear/remove bank name from your vehicles

if not if future u want to sell car ..more hassle (u still need to go settle it before can do ownership transfer)

maybe if u sell u carsome they can help u deal with them ; but if direct owner then sendiri gaodim
acbc
post Mar 28 2023, 02:57 PM

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Congrats. Almost debt free.
cloudwan0
post Mar 28 2023, 03:09 PM

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settlement letter, but i tot this one just need to call can already.
TSsamftrmd
post Apr 10 2023, 11:08 AM

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Settle liau smile.gif
Need to be in front of the counter and pay cash of minimum RM15, provide IC, and bank gives payment letter and account closure.
next month I have 800++ to spend liau rclxm9.gif
MegaCanonF
post Apr 10 2023, 11:23 AM

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QUOTE(samftrmd @ Apr 10 2023, 11:08 AM)
Settle liau smile.gif
Need to be in front of the counter and pay cash of minimum RM15, provide IC, and bank gives payment letter and account closure.
next month I have 800++ to spend liau rclxm9.gif
*
nice, dun gatal buy new car ya
buka tingkap
post Apr 10 2023, 11:24 AM

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congrats. mine soon. wouldn't know the procedure if u didn't ask here smile.gif
poweredbydiscuz
post Apr 10 2023, 11:29 AM

 
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QUOTE(samftrmd @ Apr 10 2023, 11:08 AM)
Settle liau smile.gif
Need to be in front of the counter and pay cash of minimum RM15, provide IC, and bank gives payment letter and account closure.
next month I have 800++ to spend liau rclxm9.gif
*
Looking to Upgrade Your Ride? Here are the Top New Cars in 2023
Roman Catholic
post Apr 10 2023, 11:31 AM

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QUOTE(fantasy1989 @ Mar 28 2023, 02:08 PM)
https://semakanstatus.com/e-batal/
better do that

then less hassle if u want to sell your car in future [especially to direct owner]
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Damn it, why the owner needs to go to JPJ just to cancel the financier claim ? The financier already issued the e-batal in the system, JPJ cancel je la ikut surat or e-batal tu. Redundant. Nabeh now I have to do this redundant thing at JPJ. Then ask why not productive ?

This post has been edited by Roman Catholic: Apr 10 2023, 11:33 AM
taitianhin
post Apr 10 2023, 11:33 AM

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QUOTE(delphine.88 @ Mar 28 2023, 01:38 PM)
Clearance letter. Ori car card
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no more car card...
e card now
Frozen_Sun
post Apr 10 2023, 11:39 AM

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ask chatgpt.....
piscesguy
post Apr 10 2023, 11:44 AM

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QUOTE(samftrmd @ Apr 10 2023, 11:08 AM)
Settle liau smile.gif
Need to be in front of the counter and pay cash of minimum RM15, provide IC, and bank gives payment letter and account closure.
next month I have 800++ to spend liau rclxm9.gif
*
Do u need to go JPJ do the e-batal thing?
cubiclecarbonate
post Apr 10 2023, 11:46 AM

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Untung can go any branch

Mine need to go to the branch i applied the loan
CoffeeDude
post Apr 10 2023, 11:46 AM

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QUOTE(iGamer @ Mar 28 2023, 02:06 PM)
Next thing to do is buy a new car and repeat the cycle again. biggrin.gif
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And that's why you can't save money rolleyes.gif
piscesguy
post Apr 10 2023, 11:46 AM

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QUOTE(aidris87 @ Mar 28 2023, 02:34 PM)
i see. few days after i made the full payment, i received an automatic letter by the bank stating that my instalment is completed. i just assumed that letter is proof that hakmilik thing is already settled.

anyway i have sold off the car, no issue whatsoever
*
The letter sent to u by post?
piscesguy
post Apr 10 2023, 11:47 AM

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QUOTE(cubiclecarbonate @ Apr 10 2023, 11:46 AM)
Untung can go any branch

Mine need to go to the branch i applied the loan
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What bank? Mine is maybank, hopefully can go any branch.

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