Vehicle Financing-i (An Naqlu 2)

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Financing-i 

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

Features

  • 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.

Eligibility

  • 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 Private Sector with fixed income who have served for at least 6
  • Minimum monthly income of RM2,000. (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

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

Items

Charges

Auto Financing-i 
Nominal
Lawyer fees for agreement 
RM 150.00 - RM 300.00
Stamp Duty
RM 10.00
Wakalah Fee
Wakalah or agency fee of RM 28.30
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


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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