What documents do I need to apply for a car loan?

Typically, you will need your IC (MyKad), a valid driving license, your latest 3 months' salary slips, and latest 3 months' bank statements. For self-employed individuals, business registration documents (SSM) and 6 months of bank statements are usually required.

What is the typical interest rate for used car loans?

Used-car financing rates vary by bank, vehicle age, loan amount, tenure, and applicant profile. Ask us for a current indicative quote before making a decision.

What is the maximum loan tenure I can get?

The maximum loan tenure for a used car in Malaysia is usually up to 9 years, subject to the car's age and bank approval.

Can I get a loan if I have a poor CCRIS/CTOS record?

It can be more challenging, but not impossible. Some banks may consider your application with a higher down payment or a guarantor. We have experience assisting customers with various credit profiles and can advise you on the best options.

Used Car Financing In Malaysia

Estimate monthly instalments, road tax, down payment, and ownership costs before you shortlist a car.

Loan Calculator

Estimate monthly repayments before viewing or booking

Purchase PriceRM 80,000

Down Payment10% (RM 8,000)

Flat Rate3.20%

Tenure9 Years

Estimated Monthly Installment

RM 859

Loan Principal

RM 72,000

Total Months

108

Illustrative estimate using 10% down payment and 3.2% flat rate. Bank approval, margin, rate, tenure, eligibility, insurance, and final figures may vary. Confirm with Intercontinental Motors and the selected bank.

Road Tax Calculator

Estimate your annual road tax (LKM)

Engine Capacity (CC)

Location

Vehicle Type

Estimated Annual TaxRM 0.00

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Frequently Asked Questions