We help you with everything including applications and paperwork submission to ensure you get the best loan possible to finance your dream car.

Please see the loan eligibility requirements above. The financial providers will also take into account your creditworthiness by assessing your income level and documents submitted, among other requirements.

Car loan pre-approval is when your auto financing loan is approved before you decide on what car you would like to buy. With Carsome Capital's car loan pre-approval, you can lock down an attractive interest rate and the loan amount before you start shopping for a Carsome Certified car. To get Carsome Capital car loan pre-approval, just submit your Identification Card (IC) and monthly income details via WhatsApp to get a Carsome Pre-approval Certificate. After that, you can choose a Carsome Certified car on our website, take a test drive, and just show us your Carsome Pre-approval Certificate when you want to buy the car. We will then begin the process of finalizing your purchase and you can collect you car within 1 day, subject to terms and conditions.

The maximum loan amount you can get on a car is usually 90 percent of its value. That means you will have to make a 10 percent down payment on the car. Used cars usually require a down payment of 20 percent, with the car loan amount being 80 percent. Feel free to speak to a Carsome Consultant to come up with the best terms to suit your needs.

In a car loan agreement in Malaysia, the car serves as collateral. If the bank perceives the car to have a lower value than the loan, the chances for the loan to be approved might drop since the car’s value may not be enough to pay off the loan. This is important because if you are unable to pay your monthly installment and default on the loan, the bank will repossess the car.

The monthly payment for your car loan depends on the total car loan amount, car loan interest rate, and car loan tenure.

Yes. You can contact the bank/loan provider to enquire about the loan balance on your car. You can also use your loan provider’s online banking platform to check it. The car loan statement with details about the loan is usually available to download.

Carsome partners with various loan financiers that have varying car loan interest rates. To help you get a good deal, Carsome can assist you in choosing the financier or bank that suits your needs. You can also apply for a car loan from Carsome Capital which offers attractive interest rates, a high margin of finance, and easy application process.