TC Capital Resources Sdn Bhd

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OFFERS FINANCING SOLUTIONS TAILORED FOR YOUR NEEDS

Fast approval, easy application, and multiple repayment options - experience the hassle-free financing with TC Capital Resources

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FLEXIBLE FINANCING SOLUTIONS, TAILORED FOR YOU

Fast approvals, easy applications, and multiple repayment options - experience hassle-free financing with TC Capital Resources

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Frequently Asked Questions (FAQ)

What is the maximum margin of finance and loan tenure?

TCCR offers a maximum 90% of financing and up to 9 years tenure, depending on the vehicle age. 

Can I finance the car purchase with 100% HP loan?

No, it is not allowed via the current HP Act. Allowable margin of finance (MOF) is up to 90%.

Does TCCR insist on the loan applicant possess a valid driving license?

IC is compulsory but driving license is not but preferable. TCCR will require to know the reason behind for that particular customer buying a car without a driving license which is required under JPJ regulations.

Can the guarantor of the HP Loan be non-relative eg. Friends?

TCCR prefers family member and qualified guarantor.

Can a Red IC holder with PR card apply for a HP Loan?

PR card holder can enter into HP Agreement and not for red IC holder.

Can a foreigner apply for the HP Loan?

TCCR is prepared to consider applications from foreigners. The MOF will be capped at 70% and below. In addition, a local guarantor is required. The approval shall subject to standard credit evaluation process on both applicant and guarantor.

Can a foreigner who is approved under My2ndHome scheme apply for the HP Loan?

Yes, the normal identification document with documentary evidence of participation under My2ndHome program is required.

If I submit a HP Loan and then rejected, can I appeal?

Yes, you can appeal if you have obtained new or additional income documents or personal savings to support your re-evaluation.

How to request change of correspond address?

Download this FORM and submit via e-mail to tccr@tanchonggroup.com.

Can I modify the monthly repayment amount if I have financial difficulties?

We encourage customer to engage us for restructuring of loan, if customer faced financial difficulties. 

If I pay my monthly installment after the due date, will TCCR charge overdue interest?

Yes, you will be charged an interest of 8% per annum on the number of days overdue particular to the unpaid monthly installment .

When can TCCR repossess my motor vehicle?

TCCR has the authority to take possession of the motor vehicle in the event that there are 2 successive defaults of monthly installments. TCCR will serve the hirer a notice in writing set in the 4th Schedule of Hire Purchase Act 1967 and given 21 days notice. In short, TCCR will proceed vehicle repossession for the account in arrears after 2 months and 21 days, as per the HP Act.

Do I still have to pay my monthly installments if my motor vehicle is stolen?

Yes, this is because you are liable to pay the scheduled monthly installments and proceed with the insurance claims. The discontinue serving of the monthly installment only ends after full settlement of the outstanding amount.

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