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Bank Negara's OPR remains stable. What does this mean for your new Proton loan interest rate? We break down the offers from major banks.
Current Market Overview
Good news for car buyers! With the Overnight Policy Rate (OPR) remaining stable, hire purchase interest rates for national cars have become very competitive.
Current Offerings (Estimated)
Variable vs Fixed Rates
Most car loans in Malaysia are fixed rate. This means your monthly payment won't change even if the OPR goes up next year. This provides great peace of mind for long-term budgeting.
Elsie's Tip
If you are a government servant, ask me about the special salary deduction scheme which offers even lower rates!
Related Topics:
#Finance#Interest Rates#Banking