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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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Business , loan , OPR

   

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