Hire Purchase Vehicle Financing-i (An Naqlu 1)


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

Shariah Concept

  • 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.

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

  • 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

Fees & 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
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

For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.

*Terms and conditions apply.

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