Early settlement discount on car loans
Diskaun goodwill sewa beli (ABM/AIBIM/ADFIM)
From 1 June 2026, banks give a goodwill discount if you settle a fixed-rate (Rule of 78) hire-purchase loan early.
Key conditions
- This is a discount on what you still owe, not cash.
- Check your hire-purchase agreement: fixed rate, Rule of 78, and signed before 1 June 2026 or during the transition period to 31 March 2027.
- Ask your bank for an early settlement quote. Each bank works out the discount from your tenure and when you settle.
- Not eligible if the account is over 90 days in arrears, under legal action or a repossession order, or under R&R or a formal debt management programme.
Checked 18 Oct 2026
Questions
What is Early settlement discount on car loans?
Diskaun goodwill sewa beli (ABM/AIBIM/ADFIM): From 1 June 2026, banks give a goodwill discount if you settle a fixed-rate (Rule of 78) hire-purchase loan early.
How do I get started with Diskaun goodwill sewa beli (ABM/AIBIM/ADFIM)?
Follow the 3 steps on this page. Step 1: Check your hire-purchase agreement: fixed rate, Rule of 78, and signed before 1 June 2026 or during the transition period to 31 March 2027.
When was this information checked?
Checked on 18 Oct 2026 against the provider's official page.