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Bank Interest Rates Increase Again

Effective 07 June 2010, the bank interest rates for car loan are expected to increase again. It is reported that the increase is between 0.1% for national cars and 0.25% for imported cars. The increase is not so much as compared to previous one.

For national cars, the new interest rates will be as follows:

Loan up to 9 years = 4.1%
Loan up to 7 years = 4.0%
Loan up to 5 years = 3.85%

Whereas for imported cars, the new interest rates will be as follows:

Loan up to 9 years = 3.85%
Loan up to 7 years = 3.75%
Loan up to 5 years = 3.5%

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