Car Loan - Licensed Loan Advisor
Hotline: +6016.7499.182
License No: WL7291/10/01 – 6/220916

About Car Loan

There are many reasons to get a new car: expanding family, need a more practical car, the cost of repairs has begun to outweigh car’s value, or your car is beyond repair. Either way, one of the first things you need to figure out is how you are going to afford a new vehicle.

Not everyone has thousands of ringgit set aside for a new vehicle, especially if it is unexpected. Even if the car dealership you choose does offer financing, their credit requirements may be too stringent or their interest rates could be high, making it difficult for you to obtain financing through the dealership. This is where we can help.

Apply with us and upon pre-approval, you can already print the finance documents and take that to the car dealer. Be rest assured that financing your car through us gives you far more flexibility in the purchase of a new car.

Eligibility

Vehicle Registration Card

Photocopies of Identity Card & Driving Licence

Car Loan Statement

Utility Bills

Repayment Scheme

1.5% One Month (Unsecured Loan)

Total Loan 3 Months 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
1000 348.33 181.67 8.33 56.67 42.78 35.83 31.67
5000 1741.67 908.33 491.67 283.33 213.89 179.17 158.33
10000 3483.33 1816.67 983.33 566.67 427.78 358.33 316.67
50000 17416.67 9083.33 4916.67 2833.33 2138.89 1791.67 1583.33
100000 34833.33 18166.67 9833.33 5666.67 4277.78 3583.33 3166.67
500000 174166.67 90833.33 49166.67 28333.33 21388.89 17916.67 15833.33
1000000 348333.33 181666.67 98333.33 56666.67 42777.78 35833.33 31666.67

1.0% One Month (Secured Loan)

Total Loan 3 Months 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
1000 343.33 176.67 93.33 51.67 37.78 30.83 26.67
5000 1716.67 883.33 466.67 258.33 188.89 154.17 133.33
10000 3433.33 1766.67 933.33 516.67 377.78 308.33 266.67
50000 17166.67 8833.33 4666.67 2583.33 1888.89 1541.67 1333.33
100000 34333.33 17666.67 9333.33 5166.67 3777.78 3083.33 2666.67
500000 171666.67 88333.33 46666.67 25833.33 18888.89 15416.67 13333.33
1000000 343333.33 176666.67 93333.33 51666.67 37777.78 30833.33 26666.67

Terms & Conditions

Representative Annual Percentage Rate (APR) or Range:

  • maximum 18%

Fees of Loan Application:

  • Processing Fee:RM 50
  • Runner Fee:RM 50

Implications of Non-Payment:

  • Additional 1% interest rate charges if payments are late or missing.
  • No legal consequences if payments are late or missing.
  • No legal actions will be taken if payments are late or missing.
  • No impact on credit score if payments are late or missing.

Renewal Policy:

  • Minimum 3 Months & Maximum 5 Years of repayment period.
  • Automatic Extension of Loan which passed the payment period.
  • Upon renewal, there will be no fees or (interest) rate changes.