Topic
#car loan
2 articles
Proton S70 Lite and Prime From RM56,800: The RM3,000 Early Bird Rebate Needs Your Car Registered by 31 December
Proton's new naturally aspirated S70 1.5 Lite and Prime launched on 22 September 2026. Book and register by 31 December 2026 and an RM3,000 early bird reward brings the Lite to RM56,800 and the Prime to RM59,800 on the road without insurance in Peninsular Malaysia. Prices, what the Prime adds, loan sums at 2.35%, and the registration catch.
Car Loans in Malaysia 2026: The Early Settlement Rebate Is Gone, and a 3% Car Loan Is Really 5.5%
The Hire-Purchase (Amendment) Act 2026 came into force on 1 June 2026 and quietly deleted the two things every Malaysian thought they understood about a car loan. The flat rate is gone, replaced by an effective interest rate on a reducing balance. And the statutory early settlement rebate is gone with it, which sounds like a loss and is not. Bank Negara Malaysia's own consumer guide works the arithmetic: borrow RM100,000 over nine years at a flat 3% a year and you pay RM1,175.93 a month and RM27,000 in interest, exactly the same as a loan quoted at an effective 5.5%. The catch is timing. Providers have until 31 March 2027 to switch their systems, so a loan signed today may still be an old one, and the only way to know is to ask.