Malaysia Vehicle Loan Calculator

To calculate motorcycle loan in Malaysia, you need: 1) Vehicle price, 2) Down payment (minimum 10%), 3) Loan tenure (1-7 years), 4) Interest rate (4.5%-10% based on bike type), 5) Road tax (RM 2-350 based on engine capacity), 6) Insurance (1.2%-2.5% of vehicle value). Our calculator uses AEON Credit Service rates for accurate calculations.

Current car loan interest rates in Malaysia range from 3.2%-6.5% annually. New vehicles typically get 3.2%-3.8% while used vehicles get 4.5%-6.5%. Rates depend on credit score, financial institution, and loan tenure (1-9 years).

Car road tax in Malaysia is calculated based on: 1) Engine capacity (1000cc-3000cc+), 2) Region (Peninsular/East Malaysia), 3) Ownership (Private/Company), 4) Vehicle type (Saloon/Non-Saloon). Rates range from RM 20-6,000+ annually based on these factors.

The minimum down payment for vehicle loans in Malaysia is 10% of the vehicle price. Maximum down payment is 90%. Higher down payments reduce monthly payments and total interest costs.

Motorcycle insurance in Malaysia costs 1.2%-2.5% of vehicle value annually. Comprehensive insurance costs 2.5%, Third Party Fire & Theft costs 1.5%, and Third Party only costs 1.2%. Rates vary by provider and coverage level.

Top motorcycle loan providers in Malaysia include AEON Credit Service (4.5%-10%), Maybank (3.5%-8%), CIMB Bank (4.0%-7.5%), and RHB Bank (4.2%-8%). Rates vary based on credit score, loan tenure, and bike type. Compare multiple lenders for the best rates.

To get the lowest car loan rates in Malaysia: 1) Maintain good credit score (700+), 2) Make higher down payment (20%+), 3) Choose shorter loan tenure, 4) Compare rates from multiple banks, 5) Consider new vs used vehicle rates, 6) Negotiate with lenders based on your financial profile.