Can I opt for early settlement of my (fixed rate) hire purchase agreement? Can I settle my car loan earlier?

If you settle your outstanding balance earlier, you are entitled to a rebate on the term charges (interest charges).

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Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)

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Knowledge Base ID :   1316
Last Reviewed :   May 22, 2014
Source :   BankingInfo
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