Banks will offer discounts for customers who settle their existing fixed-rate hire purchase loans early as the Hire-Purchase ...

KUALA LUMPUR, Dec 2 — Malaysian banks will offer a “goodwill discount” to customers with existing fixed-rate car loans who ...

Malaysia's banks have announced goodwill discounts to borrowers who choose to settle their existing fixed-rate hire-purchase ...

By abolishing the Rule of 78 for new customers and offering discounts for early settlement, the banks aim to create a fairer environment for all borrowers. This change ensures that customers who ...

Hire-purchase agreements are commonly utilized for financing the purchase of vehicles and other large items, enabling borrowers to use the asset while making installment payments. However, the ...

Auto hire-purchase lending is likely to remain flat in the second half of 2025 despite falling interest rates and competitive new car pricing, says Tris Rating, citing cautious lending practices, weak ...

KUALA LUMPUR, Dec 1 (Bernama) -- The Dewan Negara today passed the Hire-Purchase (Amendment) Bill 2025, aimed at enabling the use of modern technology to formalise hire-purchase agreements and make ...

Lots of UK drivers use car finance when buying a new car, and hire purchase (HP) and personal contract purchase (PCP) are the two most popular ways of doing so. You may have heard about HP and PCP, ...