Car Loan Guide: How to get approved fast

Documents you need and tips to ensure your hire purchase loan gets approved within 24 hours.

Getting Your Loan Approved

Buying a car is exciting, but waiting for loan approval can be stressful. Here is how to speed up the process.

1. Prepare Your Documents

Banks love complete applications. Ensure you have:

2. Check Your CCRIS

Ensure you haven't missed payments on other loans in the last 12 months. A clean CCRIS report is crucial for fast approval.

3. The Right Downpayment

While 0% downpayment schemes exist, paying 10% downpayment significantly increases your approval chances and lowers your interest rate.

Need Help?

Contact Elsie today. I work closely with bankers from Maybank, Public Bank, and CIMB to help my customers get approved quickly.