Question 1

What documents do I need to apply for a car loan?

Accepted Answer

Typically, you will need your IC (MyKad), a valid driving license, your latest 3 months' salary slips, and latest 3 months' bank statements. For self-employed individuals, business registration documents (SSM) and 6 months of bank statements are usually required.

Question 2

What is the typical interest rate for used car loans?

Accepted Answer

Interest rates for used cars in Malaysia typically range from 3.0% to 4.5% per annum, depending on the car's age, the loan amount, your credit history, and the bank.

Question 3

What is the maximum loan tenure I can get?

Accepted Answer

The maximum loan tenure for a used car in Malaysia is usually up to 9 years, subject to the car's age and bank approval.

Question 4

Can I get a loan if I have a poor CCRIS/CTOS record?

Accepted Answer

It can be more challenging, but not impossible. Some banks may consider your application with a higher down payment or a guarantor. We have experience assisting customers with various credit profiles and can advise you on the best options.

Used Car Financing In Malaysia

Loan Calculator

RM 859

Road Tax Calculator

Frequently Asked Questions

Intercontinental Motors

Used Car Financing In Malaysia

Loan Calculator

RM 859

Road Tax Calculator

Frequently Asked Questions