KUALA LUMPUR: CIMB Bank Bhd is offering to restructure its customers’ auto loans via a customised programme that lowers monthly repayments.
The Customised Auto Repayment Schedule (CARS) programme is aimed at helping customers to refinance and restructure their existing car loans, in a move to help them cope with the recent fuel price hike.
“This programme applies to auto loans of one year or more and its objective is to reduce a vehicle owner’s monthly instalment by between 20% and 30% and free up additional disposable income and assist car owners in trying to manage the financial effects of the recent rise in fuel cost,” CIMB’s head of retail banking Peter England said in a statement last Friday.
1 comment:
Always remember that even if you are paying a small amount per month for a longer term, that doesn't mean you save money. Take not that "A good car financing company usually offers shorter terms rather than longer terms".
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