Kuala Lumpur, 17 April 2009 - EON Bank Group has launched a nationwide contest billed ‘HP 0% Interest Rate’, from 1st April to 30th September 2009, that will allow lucky car loan customers to enjoy their new car, interest free, for one year. The 6-month campaign will reward three customers each month with the grand prize of 0% interest rate for one year, while another four will walk away with a GPS Navigator System each.

All customers with approved and disbursed car loans for new, used, registered reconditioned and unregistered reconditioned vehicles within the campaign period are eligible to participate in the contest. The minimum loan amount require to participate is RM40,000-00 with a loan tenure between three to nine years.

The winners will be selected based on a ‘Spin the Ball’ draw after the monthly closing date of each contest. The selected winners will then need to answer a simple question related to the ‘HP 0% Interest Rate’ contest, to win.

“Buying a car is always fun but getting the right loan fast can often be difficult,” said Michael Lor, Head of Group Consumer Banking. “EON Bank Group’s car loans have long been recognized as specifically for those with a need for speed. Our car loan customers can be assured of the fastest approval in the country with our AM/PM turnaround, which means that if your request for a loan is submitted in the morning with the relevant documents, then you can practically drive your dream car home in the afternoon, as your loan would already be approved.”

Last year, EON Bank handled close to RM3.6 billion car loans with its speedy approval process. “We currently have about 300,000 customers and we are confident that this latest contest with its attractive 0% interest rate will bring in an additional 50,000 new customers in the next six (6) months, keeping us in the lead in the hire purchase business,” said Lor.

“We are always looking at how we can make banking faster, hassle-free and more attractive for our customers, while also being more rewarding,” Lor added. “One such example was when EON Bank Group became the first bank in Malaysia to let customers clear all their cheques in just 2 business days, from anywhere within the country, without charging outstation cheque processing fees.”

For more information on the EON Bank’s ‘HP 0% Interest Rate’ contest and AM/PM car loan packages, please log onto www.eonbank.com.my, call 03-2616 1133 or visit any of the 139 EON Bank branches nationwide. You can also request for EON Bank’s hire purchase loans at over 1,500 participating car dealers nationwide.