HIRE PURCHASE LOAN INTEREST RATES
(EFFECTIVE FROM 1ST OCTOBER 2004)
NEW PASSENGER CAR
USED PASSENGER CAR
(LESS THAN 7
YEARS OLD)
1 to 9 years
2.3% p a
1 year
2 years
3 years
4 years
5 years
6 years
7 years
2.50% p a
2.60% p a
2.80% p a
2.80% p a
2.80% p a
2.80% p a
2.80% p a
maximum loan : 90% of purchase
price
maximum loan tenure : 9 years
rates for used cars beyond 7
years old
are available upon request.
NEW COMMERCIAL VEHICLES
USED COMMERCIAL VEHICLES
(FOR LIGHT COMMERCIAL
VEHICLES ONLY)
(below 5 years old & light
commercial vehicles only)
1
year
2 years
3 years
4 years
5 years
6 years
7 years
3.00% p a
3.10% p a
3.10% p a
3.20% p a
3.30% p a
3.30% p a
3.30% p a
1 year
2 years
3 years
4 years
5 years
6 years
3.625% p a
3.875% p a
3.875% p a
3.950% p a
3.950% p a
3.950% p a
maximum loan : 90%of purchase
price
maximum loan tenure : 7 years.
rates for vehicles above 5 years
old
are available upon request.
-rates quoted above are based on flat rates and are
subject to change without notice.
-rates for heavy commercial vehicle, machinery &
equipment loans are available upon request.
-first instalment is payable upon signing of hire purchase
agreement.
-other terms and conditions apply.
-for motor insurance, we provide competitive premiums.
Click here for enquiry.
