Malaysia Hire Purchase Rate (Car Loan) ~ Updated 24-05-2010

Yeah… Malaysia Hire Purchase Rate (Car Loan) does not increase even with BLR rate increased lately. No need to rush on getting new car. đŸ˜‰

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 3.25 – 3.75 6.09 – 6.76 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 3.25 – 3.50 6.09 – 6.34 8.00
Hong Leong Bank Berhad
90 72 – 84 3.40 – 3.65 6.32 – 6.70 From 50 8.00
90 96 – 108 3.50 – 3.75 6.39 – 6.76 from 50 8.00
90 60 3.25 – 3.50 6.09 – 6.54 From RM50 8.00
Malayan Banking Berhad
90 108 2.70 – 4.30 5.10 8.00
Public Bank Berhad
90 108 3.37 to 4.06 6.23 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: 24/05/2010

via: Banking Info