Proton unit offers new graduates 2.98% on their first car

By CARSIFU | 3 August 2020

SUBANG JAYA: Fresh graduates, take note.

Proton Commerce Sdn Bhd (PCSB), a company under the Proton Group, has announced a campaign that provides fresh graduates an opportunity to own their first car with low Hire Purchase (HP) loan rates.

This unique Fresh Graduate Campaign only requires a letter of employment or a month’s salary slip in order to qualify for a loan, making it very accessible.

Starting at 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. The offer will run until Dec 31, coinciding with the sales tax holiday being enjoyed by all car makers.


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 hire-purchase (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 PCSB chief executive officer Mooi Fi Phang.

According to Mooi, the HP industry is projected to grow soon, as a result of cuts in the Overnight Policy Rate and the exemption of sales tax for passenger vehicles.

Besides the Fresh Graduate Campaign package, PCSB also announced that as of July 7, it has reduced the overall interest rates to as low as 2.22% based on customer creditworthiness and margin of finance.

For more information on PCSB and its products, go to