Public Bank Car Loan is a vehicle finance package by Public Bank that provides the individuals with funds for purpose of vehicle purchase. The loan facility comes with a competitive interest rate range and high margin of financing. The loan scheme covers all kinds of new as well as used cars.
At least 18 years old
Less than 70 years old
Salaried or self-employed with regular income
Earn more than the minimum income required
Loan capped @
Up to 90% of the ex-showroom price
Installments of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 9 years
|Margin of Finance||Up to 90%|
The following tables contain the different loan plans available with Public Bank Car Loan:
|Age of the Vehicle||Maximum Tenure Available||Maximum Margin of Financing of the Vehicle’s Price|
|New vehicle||Up to 9 years||Up to 90%|
|3 years||Up to 9 years||Up to 90%|
|3 to 8 years||Up to 7 years||Up to 90%|
|8 to 10 years||Up to 6 years||Up to 85%|
|10 to 12 years||Up to 3 years||Up to 80%|
|Age of the Vehicle||Maximum Tenure Available||Maximum Margin of Financing|
|New vehicle||Up to 7 years||Up to 85%|
|Up to 8 years||Up to 5 years||Up to 80% ]|
|Age of the Vehicle||BDM||Maximum Tenure Available||Maximum Margin of Financing|
|New vehicle||5,000 to 10,000 kg||Up to 5 years||Up to 80%|
|New vehicle||10,000 kg or more||Up to 5 years||Up to 75%|
|Up to 5 years||5,000 to 10,000 kg||Up to 4 years||Up to 75%|
|Up to 5 years||10,000 kg or more||Up to 4 years||Up to 70%|
Note: BDM = Berat Dengan Muatan (Kerb weight + maximum allowable payload)
The following are the features and benefits associated with Public Bank Car Loan:
The interest rate associated with Public Bank Car Loan is mentioned in the table below:
|Tenure||Base Rate||Interest Rate|
|Up to 9 years||3.52% p.a.||(Base Rate + Spread)% p.a.|
The following are the eligibility criteria for Public Bank Car Loan:
The fees and charges associated with Public Bank Car Loan are mentioned in the table below:
|Issuance of letter of consent to JPJ on change of vehicle engine (For old vehicles)||RM53.|
|Issuance of letter of consent to JPJ on change of vehicle registration number (For old vehicles)||RM53.|
|Inter-branch inspection||RM53 per inspection.|
|Ownership. Registration, and handling charges||RM53.|
|Transfer of facility from original account holding branch to another nominated branch||RM106.|
|Issuance of duplicate letter of release of ownership claim||RM106.|
Note: JPJ = Jabatan Pengangkutan Jalan (Road Transport Department Malaysia)
Q. What are the ways through which I can pay the loan amount back?
A. You can make the repayment via online transfer, ATM transfer, by placing standing instructions, and at the Public Bank’s branch.
Q. Can I get a 9 year repayment tenure on a 5 year old passenger vehicle?
A. No. The maximum tenure available on a 5 year old passenger vehicle is 7 years.
Q. How is the interest rate calculated?
A. The interest rate depends upon the age of the vehicle, the tenure chosen and the loan amount applied for.
Q. Is it allowed to make an early settlement on the loan amount?
A. Yes. You can decide to settle the entire loan amount before the loan maturity
Q. Is there a perk related to the early settlement of the loan amount with Public Bank Car Loan?
A. Yes. You are entitled to a rebate on the unutilised loan amount over the unutilised tenure.