Business Banking

Business Financing-i / Hire Purchase-i
Our hire purchase package is Shariah compliant financing facility and enables companies to enhance their commercial transportation fleet.

Bank Rakyat Hire Purchase-i is based on Al-Ijarah Thumma Al-Bai which forms a complete lease and buyback agreement based on an agreed amount.

Call us to enquire how Bank Rakyat can assist you in the purchase of commercial or industrial vehicles.

Eligibility : All business entities such as private limited companies and co-operatives.

Concept : Tawarruq

Purpose : To purchase commercial and industrial vehicles

Margin : Up to 70% of vehicle purchase price

Tenure : Maximum 7 years.

Additional Documents Required

Hire Purchase-i

  • Quotation and detailed information of the vehicles to be purchased
  • Cash flow and profit & loss projection of the contract