EL118
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- Apr 10, 2011
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wingzee;815893 said:A quick check with my PBB bank officer reveals that MOF is capped at maximum 75% with maximum loan tenor of 4 years. Interest rate is at 4.0-4.5%. However, according to her, all these are subjected to documents of the applicant. Of couse, one must take into consideration that bank currently looks at an applicant's net salary ie. after EPF, tax and other deductions. Hope this helps.
I just bought a Merc W204 C200 year 2009 from my neighbour for my wife. interest only 3.2% ( compared to standard 3.6% offered for used car). the bank officer told me because direct deal they can offer cheaper compared to going thru dealer as they demand for commission ( now only i know)
The year of make also affect the interest rate i supposed.
I bought this E46 in Dec 2011 (car 10 years + during that time) bank offer interest 3.55% for 5 years. (thru dealer)