Vehicle Financing-i (An Naqlu 2)


Vehicle Financing-i (An Naqlu 2)

Bank Rakyat Auto Financing-i offers a flexible and affordable instalment scheme when purchasing a national or imported car available in the market.

Shariah Concept

  • 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)

Profit Rate

Please contact our nearest branch for information.

Payment Methods

  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction by Employer (PGM)
  • Cash and Electronic Payment (For Government and GLC staff only, minimum salary RM3,500.)

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



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
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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