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Personal Banking

Financing-i / Hire Purchase Vehicle Financing-i (Warga Emas)
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Shariah Concept

  • Al Ijarah Thumma Al Ba'i (AITAB)

Features

  • Maximum margin of 90% from on sales price or invoice
  • Maximum financing tenure up to 9 years or not exceeding 65 years old at the end of financing tenure.
  • 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
 

Eligibility

  • Individual with the age of not exceeding 65 years old at the end of financing tenure.
  • Public Sector Pensioner, Employee of Public and Private Sectors, Professional and Non-Fixed Income earners.

Profit Rate

  • Please contact our nearest branch for information.

Payment Methods

  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction by Employer (PGM)
  • Electronic Payment
  • Salary Transfer

    • Required Documents

    Public Sector Pensioner Employee of Public and Private Sectors Professional and Non-Fixed Income earners
    • 1 Copy of MyKad
    • 1 Copy of Driving License / Passport Size Photo
    • Pensioner card
    • Latest 3 Months Bank Statements
    • 1 Copy of Latest 3 Months Salary Slip
    • 1 Copy of Latest 3 Months Bank Statement
    • 1 Copy of Latest EPF Statement (for Private Sector)
    • Latest 6 Months Bank Statements
    • Latest 6 Months Commission Statement (if applicable)
    • B Form LHDN with payment receipt
    • Form 24 & 49 for company
    • Qualified licence / Membership for Professional applicant
    *Subject to terms and conditions.
     

    Fees & Charges

    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.