Auto loan interest rates
Interest rate rises again for the 2nd time in the same year. Is this a Hari Raya Promotion that people are talking about? Definitely not! As you all know, if interest rate goes up, so does the monthly installment for your car loan. Added to that, loan eligibility will be an issue to those who are buying a new car, the minimum cut off point for your basic salary has to go up. To new graduates, you might need to face this issue and getting graduate scheme might be the best option for you.
|Cubic Capacity (CC)||1-5 years||6-7 years||8-9 years|
|Up to 1400 CC||4.00%||4.15%||4.25%|
|1500 to 1800 CC||3.65%||3.90%||4.00%|
|Above 1800 CC||3.55%||3.75%||3.90%|
Last updated: 17 August 2010
As we have mentioned couple times in our previous entries, please consult with our representatives to get a better understanding of this matter. Feel free to email us at email@example.com for more info.