Hi everyone, I'm planning on getting a car loan to buy my first car (bnew). The bank has offered me free chattel mortgage and insurance for the first year, provided I renew my insurance with them for the 2nd and 3rd year, the bank quoted me 25k and 22k (2nd and 3rd year) and participation fees for the 1st to 3rd year are as estimated to be 5k, 4.2k+, 3.8k+. My question is, is this the usual insurance and participation fee for brand new cars? I'm planning on getting the Altis 1.6V btw.

Any reviews with Charter Ping An?

Thank you.