Only 85 taxi owners get loans to buy Exora SHAH ALAM: Only 85 taxi owners under the 1Malaysia Taxi (TEKS1M) scheme have managed to get bank loans although 1,000 units of Proton Exora have been set aside under the scheme. Land Public Transport Commission (SPAD) chairman Tan Sri Syed Hamid Albar said only 85 loan applications had been approved by Bank Simpanan Nasional. “Banks practise prudence in granting loans. For TEKS1M, the only authorised bank is Bank Simpanan Nasional. “I hope all the loan processes can be settled. We will check with Bank Simpanan Nasional and see what the problems are,” he told reporters after witnessing the inspection process of the first batch of taxis under the scheme at Puspakom here. Syed Hamid said he was happy with the stringent inspection conducted by Puspakom on the taxis. Proton Edar CEO Hisham Othman said that Proton had received 907 bookings under the TEKS1M scheme, but can only process the applications of those who had approved loans. “On our side, we are ready to deliver more than the 85 units (of Proton Exora taxis),” he said. Under TEKS1M, taxi owners need not pay a downpayment for their new vehicles, and the loan interest is fixed at 2% for seven years. The downpayment is paid for via a grant from Yayasan Rakyat 1Malaysia and rebates from Proton.STAR
Posted on: Thu, 19 Sep 2013 13:06:49 +0000
Trending Topics
Recently Viewed Topics
© 2015