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Wuga98
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I saw some say 1.38%, 1.88% and 2.88% etc ... what it is now? and for those with low interest rate, they say got some conditions... anyone can elaborate. Kam sia [laugh]

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I saw some say 1.38%, 1.88% and 2.88% etc ... what it is now? and for those with low interest rate, they say got some conditions... anyone can elaborate. Kam sia [laugh]

 

 

If not mistaken, the going rate is now 2.6%, Hong Leong, Maybank I believe quoting this.

The lowest it went I thought was 1.88% during the pre 40/50% downpayment days.

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I thought car loan is restricted to 60%. Used car dealers are now financing 90%????

Did government lift loan restrictions for used car since the car association met up with MAS a few weeks ago?

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I saw some say 1.38%, 1.88% and 2.88% etc ... what it is now? and for those with low interest rate, they say got some conditions... anyone can elaborate. Kam sia [laugh]

 

Lip reading. This skill hard for most to master.

 

U did it [:)]

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Turbocharged

Car loan interest is a scam in Singapore -

 

The one that matters is actually the "finance rate" rather than the interest rate

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Car loan interest is a scam in Singapore -

 

The one that matters is actually the "finance rate" rather than the interest rate

 

Yeah, effective rate at least twice of that.

 

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Car loan interest is a scam in Singapore -

 

The one that matters is actually the "finance rate" rather than the interest rate

agree with u, cos diff agent diff interest.

 

n I also dunno how those financial pple says and calculate that it is actually double.

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U call the hotline only a salesgirl call lynn do the whole car loan. I took new car loan. Used car or COE renewal I am not sure. But I am sure is for new car interest rate 1.88% I think market quite rare already.

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U call the hotline only a salesgirl call lynn do the whole car loan. I took new car loan. Used car or COE renewal I am not sure. But I am sure is for new car interest rate 1.88% I think market quite rare already.

 

 

Thanks for sharing. I think there was a loophole plug also. A couple of mths back when I saw this site, i recalled for COE loan was for 10yr renew down 40% max 5 years & for 5yr renew its down 50% and limit 3 yrs. Now only renew 5 yr can take loan.

 

 

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in MCF

 

take loan = cannot afford

 

cannot afford = please don't buy

 

:D

 

maybe i can rewrite it as...

 

Take loan = need to work = has car = still poor

no loan = need to work = has car = still poor

take loan/no loan = no need work = has car = mean super rich

[:p]

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