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how to check my ambank car loan balance

Car owners can't afford to sell their cars due to outstanding car loan balance

It turns out that it wasn’t just used car sales that saw an increase throughout the past few months, used car dealers in Johor Bahru are reporting an increase in car owners trying to sell their vehicles after the Movement Control Order (MCO) ended in June.One second-hand car shop manager Chang Keng Keong told The Star that there has been a 30 percent increase in the number of people who came to his shop enquiring for information about the disposal of their cars.This was especially apparent

Jerrica

Jerrica

Nov 25, 2020

How to get your car loan approved? Here are 5 things that affect your chances

In 1949, the loan tenure for a VW Beetle was 12 months with an interest rate of 9 % per annum. Things have changed. In Malaysia today, car loan tenures are usually of 5,7, or even 9 years with interest rates hovering around 3% per annum (calculated on principal). Cars are getting more expensive and are almost impossible to purchase without using a loan.But is taking a car loan a bad financial decision? Well, it depends on your financial circumstances (mainly your income), how much you benefit fr

Arif

Arif

Jan 28, 2021

If you need a 9-year loan, you can’t afford the car, and do understand Rule of 78

“The interest is calculated based on the principal sum and not the remaining balance, that’s crazy!” That was the conversation I had a car company executive who has just been transferred from Europe to Malaysia.The topic of increasingly long loan tenures for auto loans is also becoming a concern in the US but how long is too long for them?7-year tenure auto loans now make up 20 percent of total US car loans – more than twice as many compared to 10 years ago. To many finan

Hans

Hans

Jul 17, 2020

2020 Toyota Yaris – What’s the minimum salary to get a loan?

The Toyota Yaris nameplate isn’t exactly new in Malaysia, as it was first introduced here back in 2006 before getting discontinued a couple of year later.Fast forward to 2019 and UMW Toyota Motor reintroduced the Toyota Yaris in Malaysia, this time based on the NSP151-generation Toyota Vios.In this article, we will take a closer look and see how much you need to make each month before you can apply for a loan to purchase and maintain a Toyota Yaris.How much do I need to make?Starting thing

Eric

Eric

Oct 24, 2020

Owner Review: My dream car is a Hyundai - My story of my Hyundai Elantra

** This article is the personal experience of a 2019 Hyundai Elantra owner and does not necessarily reflect the views of WapCar.Facebook: Vijay SaravanenI always loved the sleekly, sexy, and sporty design of Hyundai Elantras I see on the road. I told myself my next car change would be a Hyundai Elantra. I was already driving the Hyundai Accent 1.5 (Aeroback) 2007 Model. Over the years, I have owned Proton Saga 1.3 (Aeroback), Proton Wira 1.5 (Sedan), Proton Satria1.3, Exora 1.6(MPV), a

Owner Review

Owner Review

Sep 7, 2020

2020 Honda Civic – What's the minimum monthly salary to get a loan?

Ever since Honda Malaysia introduced the tenth-generation Honda Civic a few years ago, it proved to be a very popular model. The facelifted Civic was introduced earlier this year, keeping it fresh for a couple more years.It's an aspirational car for a lot of young buyers, attracting many who can barely afford the car.So in this article, we will take a look and see how much you need to earn before you can afford to buy and maintain a Honda Civic.Taking the entry-level Civic 1.8 S (RM 109

Eric

Eric

Oct 6, 2020

2020 Honda City – What’s the minimum monthly salary to get a loan?

A couple of weeks ago, Honda Malaysia finally launched the all-new 2020 Honda City, replacing the GM6-generation model that was introduced back in 2014.Unlike the aspirational Honda Civic, the Honda City is aimed a more price-conscious crowd.In this article, we will take a look and see how much you need to earn before you can buy and maintain a Honda City.How much do I need to make?Take for example the entry-spec Honda City 1.5 S (RM 74,191, on the road, excluding insurance), the monthly repayme

Eric

Eric

Oct 18, 2020

2020 Proton X50, what’s the minimum salary to get a loan?

The highly-anticipated 2020 Proton X50 is finally here, after several preview sessions held across the country.With prices starting from RM 79,200 for the Proton X50 1.5T Standard, it sure does look like a tempting deal, but is your salary enough to sign that loan?Let’s find out more in this article.How much do I need to make?Starting things off is the entry-level Proton X50 1.5T Standard (RM 79,200, on the road, without insurance), the monthly repayment is roughly RM 800 a month, given a

Eric

Eric

Oct 27, 2020

What’s the minimum salary to get a loan for the 2020 Mitsubishi Xpander?

Mitsubishi Motors Malaysia recently released the prices of the 2020 Mitsubishi Xpander, a model that will compete directly against the Honda BR-V, Perodua Aruz, and Toyota Rush.In this article, we will take a closer look and see how much you need to make each month before you should apply for a loan to purchase the Mitsubishi Xpander.How much do I need to make?The Mitsubishi Xpander has a starting price of RM 91,358 (on the road, without insurance), meaning that the monthly repayment is roughly

Eric

Eric

Nov 20, 2020

MTUC appeals to extend loan moratorium for another 6-months

The Malaysian Trades Union Congress (MTUC) is urging the Ministry of Finance (MoF) and Bank Negara Malaysia to compel banks to extend the deferment of loans for another six months.The current 6-month moratorium was announced back in March when the first stage of the Movement Control Order (MCO) was enforced in an effort to prevent the spread of the pandemic.With all activities and businesses put on pause, many people were either forced to take massive pay cuts, go on unpaid leaves by employers,

Jerrica

Jerrica

Jul 7, 2020

What’s the minimum salary to get a loan for the 2020 Nissan Almera?

Ever since spyshots of the all-new Nissan Almera started surfacing late last year, the hype started building up for ETCM’s newest B-segment sedan.Fast forward to November and ETCM has revealed prices of its highly-anticipated model.In this article, we will take a closer look and see how much you need to make each month before you should apply for a loan to purchase the all-new Nissan Almera.How much do I need to make?Base spec model picturedThe all-new Nissan Almera has a starting price of

Eric

Eric

Nov 4, 2020

Applying loan for the 2021 Toyota Yaris? Here's the minimum salary required

Just recently, official prices of the 2021 Toyota Yaris have been released. It is priced from RM 70,940 onwards for the base Yaris 1.5 J, before topping out at RM 84,808 for the Yaris 1.5 G. Currently, the Yaris competes against the Honda Jazz, but it will be replaced with the Honda City Hatchback in 2021.In this article, we will take a closer look and see how much you need to make each month before you should apply for a loan to purchase the Toyota Yaris.How much do I need to make?The Toyota Ya

Eric

Eric

Dec 16, 2020

How many PSI / kPa do I have to pump into my tyres?

Checking our tyre pressure is an integral part of owning a car. But sadly not many car owners perform this check as often as they are supposed to.As my colleague, Eric, has highlighted, your tyre pressure easily affects your cars handling, ride and comfort and even your fuel consumption! So now you know the benefits of checking on your tyres constantly and keeping them well filled, but do you know how much air pressure to pump into your tyres? And where do you find the guide of the air pressure

Jerrica

Jerrica

Oct 20, 2019

Owner Review: First time owning a German machine - My BMW 318i

** This article is the personal experience of a 2018 BMW 318i owner and does not necessarily reflect the views of WapCar.Fazrul AzizI bought this BMW 318i LCI recently from my sister as she bought a new Toyota Alphard. The mileage clocks at 25k only! Even though she sold it to me at the market’s price, the conditions & maintenance is top-notch. Also, the car is still under BMW warranty programme and free scheduled service for the next 3 years.How everything startedBack in my unive

Owner Review

Owner Review

Aug 22, 2020

Buying a used car? Here's how to check for unpaid summons

So, youve found the used car of your dreams, sent it to your trusted mechanic and even got the green light from Puspakom to transfer to name over to you. But wait, have you checked if the car has any unpaid traffic summons attached to it?Surprisingly, this is a step that most used car buyers would miss on. Excited car buyers will find themselves facing a roadblock when they realise that JPJ will not transfer the car to them as the previous owner has outstanding traffic summons that has yet to be

Jerrica

Jerrica

Nov 4, 2020

Owner Review: Moving Forward With My Life - How I Got My Honda City

** This article is the personal experience of a 2016 Honda City 1.5V owner and does not necessarily reflect the views of Wapcar.Facebook: Min Tze KhorA Little Bit of HistoryMy first car was 1st gen Proton Saga (manual transmission) which was passed down by my father, and the second car I drove was 1st gen Proton Waja (manual transmission) which was also passed down by my father. Back in 2016 when I was sent to work in a rural area in Terengganu, I got to drive the Proton Waja for about 5hou

Owner Review

Owner Review

Jul 8, 2020

Owner Review: The Everyday Sports Car - Living With My Lotus Elise

** This article is the personal experience of a 2008 Lotus Elise 1.8 S owner and does not necessarily reflect the views of WapCar.Facebook: Kelvin TeeThe Everyday Sports CarCars, what are they to you? A tool to get from A to B? A fun, great (not to mention pricy) hobby?This is a story about the car that I love and adore. A 2008 Lotus Elise 1.8 S. People have various reasons for owning a car but for myself, it has always been more than a tool for going around and about. I

Owner Review

Owner Review

Jul 22, 2020

Buying a 2021 Toyota Innova? Here's the minimum salary required for a loan

UMW Toyota Motor has just announced the official prices of the 2021 Toyota Innova facelift in Malaysia. Prices start from RM 111,622 for the entry-level Innova 2.0 E variant and tops out at RM 129,667 for the Innova 2.0 X variant.Although there is a slight increase in prices across the board for the updated Innova, it is justifiable as UMWT has improved the safety and features of its people mover.Now, you might be thinking what’s the minimum salary needed in order to apply for a loan. Well

Eric

Eric

Jan 10, 2021

Getting a 2021 Toyota Vios? Here's the minimum salary required for a loan

UMW Toyota Motor has just released the official prices for the 2021 Toyota Vios facelift and the prices are nothing short of appealing. Starting from RM 74,623 for the base Vios 1.5 J, it is only RM 430 more than the base Honda City 1.5 S.As appealing as the prices are for the Vios facelift, you might be wondering whats the minimum salary needed in order to apply for a loan. Well, youve come to the right place as we will show you how much is the minimum monthly salary required to purchase the Vi

CY Foong

CY Foong

Dec 16, 2020

What paperwork do you need before selling your car?

Car photo created by standret - www.freepik.comIt’s time to sell your car. You’ve already figured out how to get the highest price and how to clean the interior, but how do you sell your car without going through a used car dealer?Assuming that you’ve somehow managed to find for a buyer that’s willing to buy your old car, there are some steps to follow before you can sell off your old car.Also Read: Selling your car soon? Heres how to ensure you get the highest priceIf it

Eric

Eric

Apr 6, 2021

6-month moratorium on bank loans – what does it mean for your car loan?

Bank Negara Malaysia have announced a 6-month moratorium for all bank loans except credit card balances, starting 1 April 2020. The moratorium is basically a temporary freeze on loan repayments.However, do remember that the moratorium applies only to loan repayments. Interests will continue to accrue every month as usual.Also, the moratorium applies only to loans that have not been in arrears (all previous payments owed paid in full) for more than 90 days as of 1 April 2020.How does the 6-month

Hans

Hans

Mar 25, 2020

Owner Review: My family own this car since I was born and now it's mine - My 1997 (The JET) Proton Saga Iswara 1.3S

** This article is published on WapCar Community. Click the link below to enter the community for car enthusiasts in Malaysiahttps://www.wapcar.my/forumBasic information about my car1997 (The JET) Proton Saga Iswara 1.3SReasons why I bought this carMy family needed a car for transporting a baby (which was me by the way). The reason we picked this car because at the time it had massive boot space and ample room in the cabin and we heard stories of how reliable the Mitsubishi version Saga’s

Wapcar UGC

Wapcar UGC

Dec 12, 2020

My New Car: Interior feels more expensive than Audi and Mercedes - My 2020 Mazda 3 Sedan High Variant

** This article is published on WapCar Community. Click the link below to enter the community for car enthusiasts in Malaysiahttps://www.wapcar.my/forumBasic information about my car2020 Mazda 3 Sedan High Variant, approximately RM150k Reasons why I bought this carMy wife and I had owned a Honda City since 2012 and we were about to finish paying our car loan, so we decided to upgrade our car and started scouting around the C-segment cars.Car Selection Process I had a budget of RM130k Model(s)

Owner Review

Owner Review

Dec 3, 2020

MAA: Loan moratorium expiry to impact Malaysia auto industry negatively

The 6-month long loan moratorium is set to expire in September and its expiry could have some negative impact on the Malaysian automotive industry. The loan moratorium went into effect in April as the country entered the Movement Control Order (MCO) period.Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad told The Edge, “People will not have the money to buy new vehicles. But I think it depends on the category of vehicles. I think high-end vehicles will not be impacted; p

Eric

Eric

Jul 27, 2020

Owner Review: From touge monster to highway cruiser  - My Volkswagen Golf GTI MK6

** This article is the personal experience of a 2012 Volkswagen Golf GTI MK6 SE  owner and does not necessarily reflect the views of WapCar.Facebook: Han EujinAbout my Volkswagen Golf GTIThis is my 2012 Volkswagen Golf GTI MK6 SE which I purchased back in 2018 from a second-hand dealer in Ipoh. This Volkswagen Golf GTI is the SE version, the last batch of facelifted MK6 arrived to Malaysia. Facelift include front DRL, sunroof, full-colour touch- screen infotainment

Owner Review

Owner Review

Aug 3, 2020

Owner Review: A Childhood Dream Fulfilled - How I Got My Honda Accord

** This article is the personal experience of a 2016 Honda Accord owner and does not necessarily reflect the views of WapCarFacebook: Shawal AliMy Previous Encounter with the Honda AccordThe allure of large sedans is unquestionable. Unlike booted hatch or compact sedans with their weird looks to aide with practicality, large sedans do not need to sacrifice its looks for usability. Their strong muscular lines flows coherently from the front all the way to the back without needing to sac

Owner Review

Owner Review

Jun 30, 2020

Owner Review: My "Abah-Abah's car" – A pilot feeling being in a Honda Civic FB

** This article is the personal experience of a 2015 Honda Civic 2.0S owner and does not necessarily reflect the views of WapCar.Facebook: Mat Nasir↓↓↓ Press Here To Share Your Story ↓↓↓About my Honda CivicIf we story about Honda’s car, I’m pretty sure what crossed in our minds was the Civic. The Honda Civic is not the first model of Honda but Civic makes Honda become famous. Almost 20 million units sold worldwide and this C segment Sedan become num

Owner Review

Owner Review

Jul 27, 2020

Owner Review: Why Did I Get An Uncle's Car? - My Story of Buying A Toyota Camry

** This article is the personal experience of a 2019 Toyota Camry 2.5V owner and does not necessarily reflect the views of WapCarFacebook: Chen Kah KhinAbout My 2019 Toyota Camry 2.5VI bought this 2019 Toyota Camry 2.5V in September 2019. Back then, it retails at RM197k with discounts ~RM 5k. I was 31 years old then, never in a million years I thought that I would be getting an "uncle's" car at such an age.Prior to this car, I previously owned a 2010 Proton Inspira 2.0P.

Owner Review

Owner Review

Jun 17, 2020

Buying used cars: How to test drive a used car?

Buying brand-new cars without test driving them is common, especially when shopping for an econobox. These days, you can learn more about a brand-new car just by browsing the internet.The COVID-19 pandemic has also pushed brands to enhance their respective virtual showrooms. While shopping for a brand-new car can be safely done without a test drive, the same couldn’t be said about used cars.Test driving a brand-new car is meant to impress you with all the bells & whistles and

Arif

Arif

Sep 4, 2020

Carmakers don't know how to tune suspension properly nowadays

Recently, I was ranting about how new cars are becoming increasingly uncomfortable. However, it seems unfair to only attribute one component of the car - which, in the aforementioned article, was wheel size - to a car having a bone-jarring ride. A cars ride and handling are chiefly determined by two things, wheel size and also suspension tuning. Photo credit: F Tuned Racing SuspensionTodays question is very simple, have carmakers lost the art of suspension tuning? Think about it, when did you la

Jason

Jason

Feb 16, 2021