Proton – through its Proton Commerce (PCSB) subsidiary – has announced a car financing campaign specifically for fresh graduates. The Fresh Graduate Campaign, which runs until December 31, aims to provide those entering the workforce with the opportunity to own their first car at low hire purchase (HP) loan rates.
The interest rate starts at 2.98%, which the company says is presently one of the lowest in the segment. The basic requirement for a new graduate (minimum qualification, diploma) is that they be aged between 18-30 years and have a job with a minimum salary of RM1,500, and all that’s needed to qualify for the loan is a letter of employment or a month’s salary slip.
The company says the campaign is designed to help address the issues of mobility for those entering the job market in quicker fashion by providing the ability to obtain a HP loan without having to wait to furnish proof of income for three months, a common requirement for most HP loans.
“In today’s connected economy, mobility is important for young adults just entering the workforce. It provides a sense of empowerment and autonomy to these graduates. We are confident that this package will assist fresh graduates to own a car, as monthly repayments start from as low as RM239 per month,” said PCSB CEO Mooi Fi Phang.
He added that the HP industry is projected to experience a surge in the near future as a result of recent reduction in the reduction of the overnight policy rate (OPR) and the exemption of sales tax for passenger vehicles. Find out more about the campaign here.
Looking to sell your car? Sell it with Carro.
With interest free moratorium & super duper low interest scheme for fresh grads, P1 cars r mampu milik for all grads. Tenkiu P1!
Actually, thank you Geely for suggesting Proton this GC HP scheme. It is a good way to attract fresh graduates to buy Proton
Its not the first time P1 do such thing. Previously it was done but in collaboration with banks.
Lets hope they continue with lower rate from their own financing house. This way banks will feel the pinch and try to fight match the rate.
Lol no! Sorry for you but Geely never had such affordable car program for fresh graduates in China. This is a purely local Proton idea hatched by our geniuses. Too bad for your fake news bro.
Good initiative and move for fresh grads and Proton itself
2.98 is high. My first car i got 2.4% 4 years ago.
Considering that interest rates are now 3.2%, anything lower that 3% is quite good dy. Thx Proton!
Proton Saga is dated. Period
‘1st taste of freedom’ is not suitable to use.
No such thing as freedom when we tie ourself to a debt.
Tak kan lah put “First taste in financial debt” LOL
Only spm cannot??
U got a point there…one of the criteria is min wage of RM1500. At some location, thats waht SPM holder can get.
If interest rate are fixed that is not reducing for whole HP period than it is high because it is depreciating.
not attractive the interest rate. i only pay 2.5% interest for my civic turbo which i bought in early 2017.
Abuhden! Non-national cars typically has higher interest rates than national cars because of their much higher price.
waah…2.98%…berbaloi!
even FD interest is lower ^^
Baru start work, sudah hutang PTPTN hutang car loan..
takde keta macem mana naik carik keje bro….