Personal Banking

Financing-i / 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 for 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 or used/reconditioned national or imported car
  • Not less than 18 years old and not more than retiring age at the end of financing tenure
  • Open to all public and private sector employees with fixed income who have served for at least 6 months.
  • Minimum monthly income of RM1,500

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
  • 1 Copy of Latest 3 Months Salary Slip
  • Statement of Account Transactions
  • Confirmation Letter from Employer
PERKARA CAJ
Auto Hire Purchase Financing-i
  • RM10.00

You are advised to subscribe for motor coverage from Takaful companies.

If customer prefers to subscribe for insurance coverage, the contribution/premium cost shall be borne by the customer.

Hire Purchase Financing-i Retirees 

  • RM10.00

Note: Takaful Protection (DTT) is compulsory from a takaful company.

You are advised to subscribe for motor coverage from Takaful companies.

If customer prefers to subscribe for insurance coverage, the contribution/premium cost shall be borne by the customer.

Stamp Duty RM 10
Issuance of letter to JPJ for change of vehicle engine no., interchange of vehicle registration no., duplicate registration card etc. RM15.00 per document
Issuance of letter to authority for transfer of vehicle to East Malaysia or vice versa. RM15.00 per document
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.