Car hire-purchase scheme for government servants relaunched

PUTRAJAYA, Sat.:

Bank Simpanan Nasional (BSN) has relaunched the car hire purchase (HP) scheme for government servants, which was discontinued four years ago, following the return of stability in the car market.

Deputy chief executive (consumer banking/business support service), Norazian Ahmad Tajuddin, said the scheme was for the purchase of a Proton car with the minimum loan of RM20,000 and a maximum of RM150,000.

“The scheme is only for the permanent staff and thos who have access to the facilities provided by National Cooperative Organisation of Malaysia (Angkasa),” Norazian told reporters at the launch of the scheme here today.

Norazian said the bank offered competitive interest rate of 3.8 per cent and long repayment period.

The loans are also applicable to staff of cooperatives and statutory bodies, Norazian said.