ETCM keeps Nissan interest rates low
Bank Negara recently raised the country’s benchmark overnight policy rate to 2.25%, the first raise since April 2006. In anticipation of further hikes in the latter part of the year, Edaran Tan Chong Motor Sdn Bhd has moved to offer special hire-purchase interest rates for selected models in its stable.
Valid on for private registration in both Peninsula and East Malaysia, buyers of the Nissan Sylphy, Grand Livina, Sentra, X-Trail, and Serena stand to enjoy the following rates:
o 1 to 2 years – 1.98% per annum
o 3 to 4 years – 2.58% per annum
o 5 years – 2.78% per annum
o Interest rates for loan period of more than 5 years will be based on prevailing market rates
The special interest rates are offered by Tan Chong Capital Resources Sdn Bhd (TCCR). This promotion is valid till 30th April 2010.
“We see the interest rate hike as a normalisation of rates given the improved economic outlook this year. Going forward, we expect the OPR to rise gradually and the best thing to do is to lock-in the current lower interest rate before the rates rise further,” said Dato’ Dr Ang Bon Beng, Executive Director of ETCM.
