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Car Loan Bank Provider KL Selangor
Looking for the best car loan bank providers in KL & Selangor? Look no further! In this blog post, we will be discussing the 6 Best Car Loan Bank Providers KL & Selangor. We will be looking at each providerâs interest rates, terms and conditions, and other features. So, whether you are looking to buy a new or used car, we have you covered!
1. Maybank Hire Purchase Loans
- Key Services: Hire Purchase, My First Car Plan, Takaful Auto Credit Plan and Murabahah Vehicle Term Financing-I.
- Website: https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/loans/hire_purchase_loan_listing.page?
- Address: Malayan Banking Berhad, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur, Malaysia
- Phone: 1-300 88 6688, +603 2070 8833
- Email: mgcc@maybank.com.my
Maybank provide 4 distinct auto loans to individuals seeking to acquire their first automobile, Muslims, and hire purchase plans for new and secondhand automobiles.
They have easy auto loans for students who are employed or in school that you wonât find elsewhere. If youâre between the ages of 20 and 30, you can almost get a loan as long as you have a degree, earn at least RM2,500 per month, and have at least 6 months of work experience.
Loans are also available to beginning university students from the age of 18 through 30 who are enrolled in a bachelorâs or higher degree program and have a direct relative willing to serve as their guarantor. These loan offers are intended for individuals in skilled professions such as government employees, instructors, nurses, accountants, engineers, doctors, and lawyers to name a few.
Key Differentiators:
- There are several automobile loan options to choose from.
- Repayment alternatives that are more affordable
- Fast processing and permissions
2. RHBâs Auto Financing
- Key Services: Auto Financing, Car Insurance
- Website: https://www.rhbgroup.com/personal/loans/auto-financing/index.html
- Address: 50400 Kuala Lumpur, Malaysia
- Phone: 03-9206 8118
- Email: customer.service@rhbgroup.com
RHB has a flexible auto financing program that may help you purchase brand-new vehicles or reconditioned cars at favorable rates.
If you make at least RM24,000 a year and are over 18 years old, you should have no trouble obtaining this loan. With a monthly payment of RM488, their interest rate can drop as low as 3.75% throughout the lifecycle of a typical 7-year loan.
As long as you have all of the conditions fulfilled, you can anticipate fast approvals and simple processing.
Furthermore, everything youâll need may be found on their website, and you can apply for the loan at any moment using their online application system.
Key Differentiators:
- Flexible financing period
- Easy monthly repayment
- Comprehensive auto insurance
3. CIMB Bank Auto Financing
- Key Services: Hire Purchase, Hire Purchase-I, First Car Financing
- Website: https://www.cimb.com.my/en/personal/day-to-day-banking/financing/auto-financing.html
- Address: 11, Jln Raja Laut, Kuala Lumpur City Centre, 50350 Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
- Phone: +603-6204 7788
- Email: cru@cimb.com
CIMB provides a straightforward approach to vehicle loans that you can access immediately. Theyâve organized everything by vehicle segment, so all you have to do is look for your dream carâs rates.
A 7-year repayment period on a fixed rate hire purchase loan would generally have a 3.20% interest rate and an RM525 monthly payment, which should be one of the lowest rates available in the nation.
You canât get a lot of details from their website about their vehicle financing alternatives, therefore youâll have to contact a nearby branch. Fortunately, you may easily reach out to the companyâs contact page, where you may look for your preferred location and obtain all of the necessary information.
Key Differentiators:
- Rates of interest are very low
- Online Inquiries are welcome.
- Used or new passenger and commercial vehicles are offered in separate packages.
4. Bank Muamalat Vehicle Financing
- Key Services: Vehicle Financing, Muamalat Auto-Grad Scheme,
- Website: https://www.muamalat.com.my/consumer-banking/financing/vehicle-financing/muamalat-auto-grad-scheme/
- Address: Ibu Pejabat, Menara Bumiputra, 21 Jalan Melaka, 50100 Kuala Lumpur
- Phone: +603-2600 5500
- Email: feedback@muamalat.com.my
If youâre searching for a certain loan package that meets your criteria, Bank Muamalatâs vehicle financing alternatives are worth looking at.
If youâre a recent graduate, they have an Auto-Grad Scheme that can get you behind the wheel of your choice. They provide up to 100 percent financing for as long as you are a local with an RM2,300 monthly income and are 20 to 35 years old.
They also have it with their Government Scheme, which is available to anybody at least 18 years old and has a 100% margin of financing. They provide fixed rates with little paperwork requirements, so you may expect quick and simple applications.
Although they usually need a high monthly income, their numerous vehicle loan alternatives allow you to choose the most suitable solution for you.
Key Differentiators:
- Multiple auto loan packages
- Online loan application and inquiry available
- Low monthly requirement for retiring government servants and military personnel
5. Hong Leong Bank Auto Loan
- Key Services: Auto loan, Auto Loan Fixed Rate Financing, Auto Loan Variable Rate Financing, Industrial Hire Purchase Financing
- Website: https://www.hlb.com.my/en/personal-banking/loans/motor-loan/auto-loans.html
- Address: Ground Floor(Lot G3), Menara Raja Laut No, 288, Jln Raja Laut, 50350 Kuala Lumpur, Malaysia
- Phone: +603-7626 8899
- Email: CollsCustomerFeedback@hlbb.hongleong.com.my
The Hong Leong auto loan provides a side-by-side comparison of their fixed and variable rates, with information on term charges, installments, late payment interest, and early loan settlement. This implies that you may make an informed decision right from the start.
All you need is your NRIC, driving license, most recent three monthâs pay slips, and a few documents to apply for this loan as an individual applicant. And if youâre between the ages of 21 and 70, applying for this loan should be simple.
If you have a few requirements and an financing plan that works with new, used, or reconditioned cars, consider their loan.
Key Differentiators:
- Available payment options are easy to use
- There is no penalty for early settlement
- You can schedule an appointment by phone or online
6. BSN Hire Purchase
- Key Services: Auto loan
- Website: https://www.bsn.com.my/PersonalBanking/Loans/bsn-myauto?lang=en
- Address: Tingkat Bawah & Satu, Wisma BSN, 117 Jalan Ampang, 50450 Kuala Lumpur
- Phone: 03 â 21623222, 1300 88 1900
BSN offers a straightforward and uncomplicated auto loan. Make a deposit you can afford, then pay the remainder over several years.
This vehicle loan is available to residents of Malaysia who are 21 years old or older and have not yet reached the age of 65. This car loan is accessible to those with BPA, even if they do not receive a salary reduction benefit.
Hire Purchase Loans are available to those in the commercial and professional industries, subject to restrictions and conditions.
If you have a good credit history and sufficient finances, this hire purchase agreement allows you to acquire the car of your dreams with a minimum financing of RM25,000 or 90% of the vehicleâs selling price. Throughout the term, your interest rate will be constant, so youâll know exactly what itâll cost to run your household.
Key Differentiators:
- Interest rates that are competitive
- Convenient repayment network via various BSN channels
- Up to 90% margin of finance
Car Loan Bank Provider KL Selangor
So, whether you are looking for a new or used car, be sure to visit their websites!
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