The car loan interest rates in Malaysia had been increased following the recent increase in the Bank Negara Overnight Policy Rate (OPR) a.k.a Malaysia interest rates bench mark. Interest rates on new non-national car loans has increased by an average of 0.25 percentage point while rates for new national car loans saw a hike of about 0.10 percentage point.
EON Bank Bhd said the bank’s revised interest rates for new non-national cars were 3.5% (5-year tenure), 3.75% (7-year) and 3.85% (9-year). Meanwhile, rates for new national cars now stood at 3.85% (5-year tenure), 4%
