Bank Rakyat Auto Financing-i offers a flexible and affordable instalment scheme when purchasing a national or imported car available in the market.
- Tawarruq
- Maximum margin of 100% from on the road (OTR) sales price or invoice
- Financing tenure for up to 9 years
- Maximum financing amount subject to customer's monthly instalment limit
- Financing is for any purchase of New vehicles.
- Malaysian citizen (individual) not less than 18 years old and up to 60 years old at the end of financing tenure.
- Open to all public and GLC sector employees with fixed income who have served for at least 6 months.
- Minimum monthly income of RM1,500. (Subject to Payment Method and other T&C)
Please contact our nearest branch for information.
- Biro Perkhidmatan Angkasa (BPA)
- Salary Deduction by Employer (PGM)
- Cash and Electronic Payment (For Government and GLC staff only, minimum salary RM3,500.)
- 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
Items | Charges |
---|---|
Auto Financing-i | Ad Valorem |
Lawyer fees for agreement | RM212.00 – RM265.00 |
Stamp Duty | 0.5% of total financing as per Stamp Duty Act 1949 (Revised 1989). |
Wakalah Fee | RM28.30 (inclusive of Brokerage Fee) |
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.