Proton wants to make it a little easier for graduates to own a new Proton with some low hire purchase (HP) financing rates and less stringent proof of employment; addressing some of the major deterrents fresh graduates face in obtaining a car loan.
Proton Commerce Sdn. Bhd. (PCSB), a company under the Proton Group, has opened up its Fresh Graduate Campaign that only requires applicants to submit a letter of employment or just a month’s salary slip in order to qualify for a loan that starts at 2.98 per cent.
Of course, as the name of the scheme suggests, you’ll have to be a graduate with the minimum being a diploma. The rest comprises being aged between 18-30 years and have a job with a minimum salary of RM1,500. You have until the year end as the programme ends on 31 December 2020.
Probably the biggest hurdle that fresh grads encounter in obtaining a loan is the proof of income for three months, a common requirement for most HP loans. By addressing this, Proton aims to solve the mobility aspect for those just entering the job market.
“In today’s connected economy, mobility is important for young adults just entering the workforce. It provides a sense of empowerment and autonomy to these graduates. We’re confident that this package will assist fresh graduates to own a car, as monthly repayments start from as low as RM239 per month” said Mooi Fi Phang, Chief Executive Officer of PCSB.
According to Mooi, the HP industry is projected to experience a surge in the near future, as a result of recent reduction in the reduction of the Overnight Policy Rate and the exemption of sales tax for passenger vehicles.
In addition to the Fresh Graduate Campaign, PCSB has also reduced the overall offering interest rates to as low as 2.22 per cent based on customer creditability and margin of financing.
For more information on PCSB and its products, please visit www.protoncommerce.com.