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 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 and Unregistered Reconditioned vehicles
  • Malaysian citizen (individual) not less than 18 years old andup to 60 years old at the end of financing tenure.
  • Working in Public and Private Sectors

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 Slip
  • Latest 3 Months Bank Statements
  • 1 Copy of Latest EPF Statement for Private Sector Employees
Item Charges
Stamp Duty
  • Hire Purchase Financing-i Agreement - RM10.00
  • Guarantee Agreement (if any) - RM10.00
Issuance of letter to JPJ for change of vehicle engine no., interchange of vehicle registration no., duplicate registration vehicle 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.