Wednesday, 28 Apr 2021 09:57 PM MYT
Proton Commerce chief executive officer Mooi Fi Phang said the company is confident to grow the volume of loan disbursement in Q2 after seeing loan disbursement volume for Q1 increased by 42.3 per cent. He said Proton Commerce is also seeing a change in the demographics of its customers with the age of buyers trending downwards, indicating the company’s revamped line-up has made it a more trendy choice with younger Malaysians.
“Last year was a tough year for the industry as financial institutions had to make modification loss provisions for the six-month moratorium programme announced by the central bank.
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Proton attracting younger buyers, aims to sign up 20,000 loan borrowersSUBANG JAYA: Proton's revamped vehicle line-up are attracting younger customers to the brand who now see its cars as a trendy choice, according to Proton Commerce. Proton's finance arm also pointed out that 80% of its customers choose 9-year hire-purchase financing plans and that it has impaired loan rates that are up to three times lower than the industry average. “Last year was a tough year for the industry as financial institutions had to make modification loss provisions for the 6-month moratorium programme announced by the central bank,' Proton Commerce CEO Mooi Fi Phang said on Wednesday. 'Thankfully for Proton Commerce, the financial s...
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