Calculator | Seng Guan Auto

Our Financing Options

Bank Financing

Competitive rates from our banking partners

We've partnered with Malaysia's leading banks to offer you competitive interest rates and flexible repayment terms. Our finance specialists will help you find the best loan package tailored to your needs.

Interest rates starting from 2.8% p.a.
Loan tenures from 1 to 9 years
Minimal documentation required
Quick approval process

Credit Financing

Flexible options for various credit profiles

Credit financing solutions are designed to accommodate customers with different credit backgrounds. We believe everyone deserves a chance to own a quality vehicle with manageable payment terms.

Flexible down payment options
Customized payment schedules
Alternative credit assessment
No hidden fees or charges

Trade-In Program

Upgrade your vehicle with ease

Looking to upgrade? Our Trade-In Program allows you to use your current vehicle as a down payment towards your next purchase, making the transition smooth and affordable.

Fair market value assessment
Reduced down payment requirement
Simplified paperwork process
Same-day transaction possible

Frequently Asked Questions

What documents do I need for loan application?

For a standard loan application, you'll need to provide:

- Copy of NRIC (front and back)
- Driving license
- Latest 3 months' salary slips
- Latest 3 months' bank statements
- Latest EPF statement or income tax
- Employment confirmation letter (if required)

- Copy of NRIC (front and back)
- Driving license
- Latest 6 months' bank statements
- Latest income tax return
- SSM Profile

*Additional documents may be required depending on your status and the bank's requirements.

How long does the loan approval process take?

The loan approval process typically takes 1-5 working days, depending on the bank and the completeness of your documentation. In some cases, approvals can be obtained on the same day.

What is the minimum down payment required?

For most used vehicles, banks typically require a minimum down payment of 10% of the car's value. However, this can vary based on the vehicle's age, your credit profile, and the bank's policies. Our financing options may offer more flexible down payment terms.

Can I get a loan with a less-than-perfect credit score?

Yes, we work with various financial institutions and have other financing options that cater to different credit profiles. Our finance specialists will help find a solution that works for your specific situation.

Can I refinance my existing car loan?

Yes, we offer refinancing options that may help you secure a better interest rate or more favorable terms. Our team can assess your current loan and advise on potential refinancing benefits.