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Hire Purchase Interest Rate

Interest rate charged by banking institutions to borrowers considered most creditworthy in Hire Purchase. Minimum rate / range is in percentage (%).

Banking Institution Margin of Financing
(max, %)		 Financing Tenure
(max, months)		 Fixed Rate Term Charges (& p.a.) Admin Charges (RM) Late Payment Charges (% p.a.)
Minimum Rate/Range APR for Minimum Rate
Affin Bank 90 108 3.25 - 3.75 5.92 - 6.76 - 8.00
Alliance Bank  90 108 3.25 - 3.75 6.09 - 6.76 - 8.00
AmBank 90 96 - 108 3.75 6.00 - 8.00
90 84 3.50 6.00 - 8.00
Bank Muamalat 90% 108 2.85 5.00 600 1.00
CIMB Bank 90 108 3.25 5.92 - 8.00
EON Bank 90 108 3.25 - 3.50 6.09 - 6.34 - 8.00

Hong Leong
Bank

 90 72 - 84 3.40 - 3.65 6.32 - 6.70 From 50 8.00
90 96 - 108 3.50 - 3.75 6.39 - 6.76 from 50 8.00
90 60 3.25 - 3.50 6.09 - 6.54 From RM50 8.00
Maybank 90 108 2.70 - 4.30 5.10 - 8.00
Public Bank 90 108 3.25 to 3.50 5.95 to 6.39 From 45 8.00
RHB Bank 90% 108 3.50% to 3.75% 6.54% to 6.76% None 8.00
90% 108 3.25% to 3.50% 6.09% to 6.34% None 8.00

 

 

 

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