KUCHING: Malaysia’s central bank raised its benchmark rate for the first time since April 2006 with its overnight policy rate (OPR) hike by 25 basis points to 2.25 per cent recently, saying record-low borrowing costs were no longer warranted as the economy emerges from recession and inflation accelerates.
GRAND LIVINA: Special interest rates apply to purchasers of Nissan Sylphy, Grand Livina, Sentra, X-Trail and Serena.
In its recent press releases, Edaran Tan Chong Motor Sdn Bhd (Edaran Tan Chong) stated that despite the interest rate hike it would still continue to offer special hire purchase (HP) packages with attractive interest rates.
It added that the special interest rates applied to purchasers of Nissan Sylphy, Grand Livina, Sentra, X-Trail and Serena, private registration only and valid for Peninsular and East Malaysia.
For a period of one to two years the interest rates would be 1.98 per cent per annum. For a period of three to four years, the interest rates would be 2.58 per cent per annum.
Meanwhile, for a period of five years, the interest rates would be 2.78 per cent per annum. Rates for loan period of more than five years would be based on prevailing market rates.
The special interest rates were offered by Tan Chong Capital Resources Sdn Bhd (TCCR). This promotion is valid till April 30 this year.
“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 Datuk Dr Ang Bon Beng, executive director of ETCM.
For more information, please call Nissan Careline toll free at 1-800-88-8368 or visit www.nissan.com.my