Car Loan Refinancing @ 1.6% - Mazda2Forums.com
 
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post #1 of 2 (permalink) Old 09-03-2004, 03:27 AM Thread Starter
Bicycle Rider
 
Join Date: Sep 2004
Location: Singapore
Posts: 2
Car Loan Refinancing @ 1.6%

Hi bros & sis,

Got some information of car refinancing with UOB & DBS.

For those who are interested, u can contact Jane @ 96899148 and quote pj

Quote :

Most car financing rates are typically between 2.2 -

2.8% in the market for last couple years.



==> potential opportunity to help people save $$$ to re-finance from

current high interest rate car loans to 1.6%, which is currently lowest

in market.



Some useful info:

* 1.6% is lowest in market now. (Refinance is done through UOB or DBS)



* New 1.6% re-finance agreement carries NO Prepayment Penalty (so if

rates dip further, you still can re-finance w/o incurring penalty).



* Finance amount < = full settlement amount (i.e. you cannot "over

borrow" at cheap 1.6%).



* Re-financing can be stretched to max age of your car (ie. up to 10

years, so if your car is 2 years old, you can re-finance for another 8

more years).
_________________

PS... I am not an agent. Just wanna spread the news. I've signed up and am paying less $30 per month

CheeRs
pj

CheeRs
pj
pjct3 is offline  
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post #2 of 2 (permalink) Old 09-15-2004, 03:13 AM Thread Starter
Bicycle Rider
 
Join Date: Sep 2004
Location: Singapore
Posts: 2
Car Loan Refinancing @ 1.6%

Just to update,

I've oredi sign up and my monthly repayment have reduced by $31 per month.

In total of the duration of loan, saving of $3100

Just to share the information.

CheeRs
pj
pjct3 is offline  
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