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Car loans in Malaysia use flat rate calculation, where interest is calculated on the original loan amount throughout the loan period.
The effective rate (true cost) is approximately 1.85 times the stated flat rate, making it important to compare this when evaluating loan offers.
Typical terms: Maximum 9 years tenure, minimum 10% down payment recommended.
Disclaimer: This calculator provides estimates for informational purposes only. Actual loan terms and rates may vary by lender. Please consult with banks or car dealers for accurate quotations.