Proton Commerce Offers Special Rates To Fresh Graduates On First Car Purchase

Proton Commerce Sdn. Bhd. (PCSB), a company under the PROTON Group, has started a campaign to provide fresh graduates an opportunity to purchase their first car with special low Hire Purchase (HP) loan rates.

Accessible Financing

The Fresh Graduate Campaign by PCSB only requires a letter of employment or a month’s salary slip to qualify for a loan, making it very accessible. Starting at just 2.98%, the rate offered by PCSB is currently one of the lowest in the segment. Basic requirements for a customer include being a graduate (minimum qualification diploma), be aged between 18-30 years and have a job with a minimum salary of RM1,500. This offer will run until 31st December 2020, coinciding with the sales tax holiday currently being enjoyed by all PROTON cars.

The campaign is designed to help address the issues of mobility for those entering the job market. A key deterrent for this segment of buyers has often been the ability to obtain a HP loan without having the proof of income for three months, a common requirement for most HP loans.

“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 are 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.

Savings on Financing

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.

Therefore, in addition to the Fresh Graduate Campaign package, PCSB also announced that as of 7th July 2020, it has reduced the overall offering interest rates to as low as 2.22% based on customer creditability and margin of finance. This means customers would directly benefit as their lower monthly repayment would enable them to use the savings on essentials, and conserve some funds for emergencies.

For more information on PCSB and its products, please visit www.protoncommerce.com.