Personal Banking
Financing-i
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Hire Purchase Vehicle Financing-i (An Naqlu 1)
Bank Rakyat Auto Hire Purchase Financing-i offers a flexible installment scheme in purchasing new local and imported cars from the market.
- Al-Ijarah Thumma Al-Bai` (“AITAB”)
- Maximum margin of 90% from on the road (OTR) sales price or invoice
- Maximum financing tenure up to 9 years
- Financing limit is open and subject to customer's ability for monthly instalment commitment
- Financing is for any purchase of New, Pre-Register and Unregistered Reconditioned vehicles
- Malaysian citizen (individual) not less than 18 years old and up to 60 years old at the end of financing tenure.
Please contact our nearest branch for information.
- Biro Perkhidmatan Angkasa (BPA)
- Salary Deduction by Employer (PGM)
- Electronic Payment
- Salary Transfer
- 1 Copy of MyKad
- 1 Copy of Driving License / Passport Size Photo
- 1 Copy of Latest 3 Months Salary Slips
- Latest 3 Months Bank Statements
- 1 Copy of Latest EPF Statement for Private Sector Employees
| Item | Charges |
|---|---|
| Stamp Duty |
|
| Issuance of letter to JPJ for change of vehicle engine no., interchange of vehicle registration no., duplicate registration vehicle etc. |
|
| Issuance of letter to authority for transfer of vehicle to East Malaysia or vice versa. |
|
| Early Settlement Fee | N/A |
| Late Payment Charges |
During the financing tenure : 1% per annum on the overdue instalment amount After expiry of financing tenure : Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance |
The published rates, fees and charges are effective from 1st April 2019 following the implementation of 6% SST from 1st September 2018. Terms & conditions apply.
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.*Terms and conditions apply.