Malaysia Hire Purchase Rate (Car Loan) ~ Updated 25-05-2011

Hmm… No changes on Malaysia hire purchase rate formula for all the banks except Alliance Bank Malaysia Berhad.

Banking Institution Margin of Financing
(max, %)
Financing Tenure
(max, months)
Fixed Rate Term Charges (& p.a.) Admin Charges (RM) Late Payment Charges (% p.a.)
Minimum Rate/Range APR for Minimum Rate
Affin Bank Berhad
90 108 3.25 – 3.75 5.92 – 6.76 8.00
Alliance Bank Malaysia Berhad
90 108 3.40 – 4.10 6.17 – 7.68 8.00
AmBank (M) Berhad
0 96 – 108 3.75 6.00 8.00
90 84 3.50 6.00 8.00
Bank Muamalat Malaysia Berhad
90% 108 2.85 5.00 600 1.00
CIMB Bank Berhad
90 108 3.25 5.92 8.00
EON Bank Berhad
90 108 3.40 – 4.10 6.22 – 7.48 8.00
Hong Leong Bank Berhad
90 60 3.40 – 3.85 6.36 – 7.16 None 8.00
90 72 3.60 – 4.00 6.67 – 7.36 None 8.00
90 84 3.60 – 4.00 6.61 – 7.30 None 8.00
90 96 3.75 – 4.10 6.82 – 7.40 None 8.00
90 108 3.75 – 4.10 6.76 – 7.34 None 8.00
Malayan Banking Berhad
90 108 2.70 – 4.30 5.10 8.00
Public Bank Berhad
90 108 3.25 to 3.50 5.95 to 6.39 From 45 8.00
RHB Bank Berhad
90% 108 3.50% to 3.75% 6.54% to 6.76% None 8.00
90% 108 3.25% to 3.50% 6.09% to 6.34% None 8.00


Last updated: 25-05-2011

via: Banking Info

  • Hi Jayce,

    Good day to you! I came across to your site and I saw the Malaysia Hire Purchase Rate (Car Loan) – updated in May 25, 2011. Do you have any updated as of Octorber 2011? Or it’s still the same as in May 2011?

    Besides that, do you have any other banking related info such as personal financing and credit card? Appreciate if you could kindly share your knowledge as I’m not sure where can I gather this kind of infomations for my papers and assignment.

    Looking forward to hear from you soon.

    Thank you.

    Regards,
    Alice

    • Should be the same since BLR did not change since then.

      You can get more info from Banking Info (link in the post).