Car Loan Interest Rate 2012 : Update

Malaysia Car Loan Interest Rate 2012 (Updated on May 24, 2012):

Below are the ranges of interest rates applicable to each car brand in Semenanjung Malaysia (new model). These rates are listed based on the rates offered by our bank panels to our previous clients. Our bank panels include RHB, CIMB, AmBank, Bank Islam, MayBank, Hong Leong Bank, and Public Bank. The interest rate may vary depending on the amount of loan, loan period, applicant’s financial records, nett salary as well as the car model.

Car Brand Car Loan Interest Rates
Honda 2.38%-2.5%
Toyota 2.38%-2.5%
Nissan 2.4%-2.55%
Naza Kia 2.40%-2.55%
Hyundai 2.40%-2.55%
Mazda 2.40%-2.55%
Proton 2.80%-2.95% (2.68% lowest for Preve)
Perodua 2.80%-2.95%

For those who are planning to get a full loan under graduate scheme, the current interest rate offered is 3.1%. However, we were told that the interest rate is likely to go down to 2.88% for local cars and 2.68% for non-local cars. These rates may be inforced early next month and don’t worry about these changes. Let’s say you are planning to submit your loan application this week, and the rate suddenly change, we can appeal the low interest rates for you without any hassles. Should you have any question, give us a call at our main number, 019-3559448.