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Hire Purchase for Used passenger vehicle - Fixed Rate Term Financing
Hire Purchase for New passenger vehicle – Fixed Rate Term Financing | Hire Purchase for Used passenger vehicle – Fixed Rate Term Financing | Hire Purchase for Reconditioned Passenger Vehicle – Fixed Rate Term Financing | Hire Purchase for Used Reconditioned Passenger Vehicle – Fixed Rate Term Financing | Hire Purchase for New Motorcycle – Fixed Rate Term Financing
Below are the comparison table for Hire Purchase for Used passenger vehicle - Fixed Rate Term Financing.
If you remember, we have mentioned few factors to consider before signing up the facility with the banking institution :
- If you choose variable rate financing, would a marginal increase in the rates affect your repayment and can you afford it?
- Are there any other fees incurred during the tenure of your hire purchase financing?
- Does the banking institution have a branch near your home or office?
- What payment channels does the banking institution provide?
- Does the banking institution offer quality service in terms of efficiency and reliability?
| 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 |
4.00 |
7.17 |
- |
8.00 |
|
90 |
60 |
3.75 |
6.85 |
- |
8.00 |
|
90 |
84 |
3.90 |
7.13 |
- |
8.00 |
| Alliance Bank Malaysia Berhad |
|
|
90 |
84 |
4.25 - 4.40 |
7.58 - 8.23 |
From 50 |
8.00 |
|
85 |
60 |
4.50 |
8.29 |
From 50 |
8.00 |
| AmBank (M) Berhad |
|
|
90 |
96 - 108 |
5.10 |
8.50 |
- |
8.00 |
|
90 |
84 |
4.85 |
8.25 |
- |
8.00 |
|
90 |
96 - 108 |
4.90 |
8.25 |
- |
8.00 |
|
90 |
84 |
4.70 |
8.00 |
- |
8.00 |
| Bank Muamalat Malaysia Berhad |
|
|
90 |
108 |
2.85 |
5.00 |
600.00 |
1.00 |
| CIMB Bank Berhad |
|
|
90 |
108 |
3.25 |
5.92 |
- |
8.00 |
|
90 |
84 |
4.42 |
8.01 |
- |
8.00 |
| EON Bank Berhad |
|
|
85 |
84 |
4.25 to 4.50 |
7.72 to 8.14 |
- |
8.00 |
| Hong Leong Bank Berhad |
|
|
90 |
60 |
4.25 |
7.86 |
From RM50 |
8.00 |
|
90 |
72 |
4.40 |
8.05 |
From RM50 |
8.00 |
|
90 |
84 |
4.40 |
7.97 |
From RM50 |
8.00 |
|
90 |
96 |
4.50 |
8.06 |
From RM50 |
8.00 |
|
90 |
108 |
4.50 |
7.99 |
From RM50 |
8.00 |
| Malayan Banking Berhad |
|
|
90 |
108 |
4.25 - 5.00 |
6.00 |
- |
8.00 |
|
90 |
108 |
4.25 |
7.72 |
- |
8.00 |
|
85 |
96 |
4.25 |
7.72 |
- |
8.00 |
|
85 |
84 |
4.50 |
8.14 |
- |
8.00 |
|
85 |
72 |
4.75 |
8.55 |
- |
8.00 |
|
70 |
60 |
7.25 |
12.56 |
- |
8.00 |
| Public Bank Berhad |
|
|
90 |
108 |
4.00 to 4.25 |
7.30 to 7.65 |
From 55 |
8.00 |
|
80 |
48 |
5.65 to 5.78 |
10.50 |
From 55 |
8.00 |
|
90 |
84 |
4.00 to 4.15 |
7.30 to 7.62 |
From 55 |
8.00 |
|
85 |
72 |
4.00 to 4.15 |
7.30 to 7.62 |
From 55 |
8.00 |
| RHB Bank Berhad |
|
|
90 |
108 |
3.75% to 4.00% |
6.98% to 7.17% |
None |
8.00 |
Note : Minimum Rate / Range
Interest rate charged by banking institutions to borrowers considered most creditworthy. Minimum rate / range is in percentage (%).
For more information, please check out our blog post
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