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Malaysia Car buyers to pay more due to interest rate hike
According to news resources, car buyers will have to pay more in monthly instalments now that hire purchare interest rates have gone up in Malaysia.

Just a few months ago, banks offered interest rates at around 2.5%. Now, the rates are between 3.4% and 4.7% for new cars starting 2 months ago.

Further, Maybank had experienced a drop of about 40% in car loan applications in the past two months due to higher rates.