Rate hike likely to impact car loans


PETALING JAYA: The recent overnight policy rate (OPR) hike by Bank Negara could have an impact on submissions for car loans, especially for national makes such as Proton and Perodua.

Proton Edar Dealers Association Malaysia president Armin Baniaz said many car buyers were opting for alternative financing from cooperative and Islamic banks for cheaper loans.

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Business , loan , OPR

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