When hire purchase loans can help


At current rates, it may make more sense for you to lengthen or increase your hire purchase loan. It may put more money into your pocket, writes JOYCE CHUAH.

MOST of us buy our motor vehicles using hire purchase. I remember being told to buy it using cash if I could afford it or at least, minimise the loan tenure so that I will eventually pay less interest on my car.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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