Answer first
Compare car loan rates from 11 Malaysian banks. BSN and Bank Islam from 2.35% flat. See flat rate vs EIR, new vs used car rates, EV promos, and tenure options. Our calculators show total repayment, not just monthly instalment.
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This index covers only 1 provider. It is not a market-wide comparison or recommendation. Ordering does not indicate value or suitability.
Rates, fees, eligibility and repayment totals are not available as a current, comparable dataset. These discovery links do not establish current availability or terms; obtain the latest product disclosure sheet (PDS) and a dated quotation from the provider.
2 source entries shown.
| Provider | Product page | Type | Source and limits |
|---|---|---|---|
 | Hire Purchase | Conventional | Provider page Current PDS and terms not verified. |
| Hire Purchase-i | Islamic | Provider page Current PDS and terms not verified. |
Build your own comparison worksheet
Request quotations for the same amount and tenure. For each, record the rate basis, monthly payment, total repayment, mandatory fees, eligibility conditions, flexibility and settlement terms. Keep the exact PDS version and quotation date with each figure. Missing terms should remain unknown, not zero.
How to decide
Maybank states that its Hire Purchase Loan/Financing adopted a reducing-balance method from 1 August 2026. Do not assume that an older flat-rate quotation describes a current facility.
A practical process
Identify the method stated in the current provider disclosure. For a legacy flat-rate quotation, reproduce its arithmetic separately; for a reducing-balance quotation, compare the effective rate and payment schedule. Then budget insurance, fuel, servicing and parking.
Limits and next step
This checks an older flat-rate quotation only; it is not a current Maybank quotation or a model for every new agreement. Check the linked primary source and its captured date before making a commitment.
Malaysian worked example
Show the working
Inputs
- legacy RM80,000 quotation
- 10% deposit
- 3% flat rate
- 7 years
Calculation
- financed = RM72,000
- legacy flat interest = RM72,000 × 3% × 7 = RM15,120
- legacy repayment = RM87,120
- monthly = RM87,120 ÷ 84
Illustrative resultThe legacy flat-rate illustration gives RM1,037.14 before ownership costs.
This checks an older flat-rate quotation only; it is not a current Maybank quotation or a model for every new agreement.
Sources
- Source checked on 2026-09-14MaybankUpdate required
Hire Purchase/-i and reducing-balance framework
- Effective
- 2026-08-01
Update required means this source has passed its internal freshness window. Product-specific commercial claims remain suppressed until the source is checked again.