We help you with everything including applications and paperwork submission to ensure you get the best loan possible to finance your dream car.

Please see the loan eligibility requirements above. The financial providers will also take into account your creditworthiness by assessing your income level and documents submitted, among other requirements.

The maximum loan amount you can get on a car is usually 90% of its value. That means you will have to make a 10% down payment on the car. Used cars usually require a down payment of 20%, with the car loan amount being 80%. Feel free to speak to a CARSOME Consultant to come up with the best terms to suit your needs.

In a car loan agreement in Malaysia, the car serves as collateral. If the bank perceives the car to have a lower value than the loan, the chances for the loan to be approved might drop since the car’s value may not be enough to pay off the loan. This is important because if you are unable to pay your monthly installment and default on the loan, the bank will repossess the car.

The monthly payment for your car loan depends on the total car loan amount, car loan interest rate, and car loan tenure.

Yes. You can contact the bank/loan provider to enquire about the loan balance on your car. You can also use your loan provider’s online banking platform to check it. The car loan statement with details about the loan is usually available to download.

CARSOME partners with various loan financiers that have varying car loan interest rates. To help you get a good deal, CARSOME can assist you in choosing the financier or bank that suits your needs. You can also apply for a car loan from CARSOME Capital which offers attractive interest rates, a high margin of finance, and easy application process.