• Hire Purchase-i

Caters to all new and used cars.

Financing plans for all types of cars - new and used, 4WD, MPV, SUV, Sedan, SUV, CBU or CKD.

Easy monthly installments

Pay your monthly installments via online banking, or pay at any CIMB Islamic Bank branch, ATM and Cash Deposit Machine (CDM), or set up automatic payments via standing instruction.

High margin of financing

 

Up to 90% margin of financing

Flexible repayment period

 

Repayment period up to 9 years

Competitive profit rate

 

Fixed and variable rates available.

Car Financing Calculator

Principal Amount (RM)

Financing Period (Years)

Profit Rates (%)

Total Hiring Charges
RM 0
Installment Amount
RM 0
Total Amount Payable
RM 0

These documents must be submitted along with the application form at any of the nearest branches. The bank reserves the right to request for additional documentation where deemed necessary.

Individual:

Eligibility:

  • Minimum age of 18 years old
  • Gainfully employed, otherwise an acceptable Guarantor is required

    Requirements
  • Copy of NRIC
  • Copy of valid Driving License
  • Copy latest 3 months Salary Slips or
  • Latest 3 months Saving/Current Account statements reflecting credited salary
  • Latest EPF / Income Tax statement with proof of tax payment


Non individual:

Eligibility

Sole Proprietors, Partnerships, Public Listed Companies, Private Limited Companies, Clubs, Associations, Societies or Co-Operatives.

  • Must be registered with Suruhanjaya Syarikat Malaysia (SSM) / Registrar of Society.

    Requirements

    a) Sole Proprietor/Partnership
  • Copy of proprietor / partner(s) NRIC who sign the HP documents
  • Copy of Business Registration (BR)
  • Copy of BR Renewal (Borang D/E)
  • Saving/Current Account / ASB/ASN / Tabung Haji statements reflecting 3 months declared income
  • Latest Income Tax statement with proof of tax payment

    b) Private / Public Companies
  • Copy of Guarantor(s) NRIC
  • Copy of Certificate of Incorporation (Form 9), Form 24 & Form 49
  • Copy of Memorandum of Articles
  • Board of Directors’ Resolution for Acceptance
  • Current Account statements reflecting 3 months declared income
  • Latest 1 year financial statement

    c) Clubs/Association/Societies/Co-operatives
  • Copy of Guarantor(s) NRIC
  • Copy of Certificate of Registration
  • Empowerment of office bearer to borrow and execute HP documents
  • Current Account statements reflecting 3 months declared income
  • Latest 1 year financial statement
 

New Passenger Vehicles

Segment Fixed Profit Rate Variable Profit Rate
National 2.85% p.a. flat BFR minus 1.35% 
Foreign
2.65% p.a. flat BFR minus 1.75%
Unregistered Reconditioned 3.00% p.a. flat  BFR minus 1.10% 


Used Passenger Vehicles

Segment Fixed Profit Rate  Variable Profit Rate
National 4.45% p.a. flat BFR plus 1.70%
Foreign 4.00% p.a. flat BFR plus 0.95% 

 

New Commercial Vehicles

Segment Fixed Profit Rate Variable Profit Rate
BDM up to 7,500kg  4.25% p.a. flat  N/A
BDM more than 7,500kg  4.70% p.a. flat N/A

 

Used Commercial Vehicles

Segment Fixed Profit Rate Variable Profit Rate
BDM up to 7,500 Kg 7.10% p.a. flat  N/A
BDM more than 7,500 Kg 8.05% p.a. flat N/A

Notes:

  1. The above is an indicative financing rate and is subject to the Terms and Conditions.
  2. For more details and the latest financing rate, please contact the nearest CIMB Auto Finance Centre.
  3. Base Financing Rate (BFR) as at 15 May 2019 is 6.85% p.a.

 

 

  Products/Items Charges
1 Road Tax Renewal RM10.00
2 JPJ Search RM20.00 per request
3 Puspakom Inspection (VR1) RM28.00 per request
4 Postage of Hire Purchase-i Agreement  RM2.50 per recipient
5

Postage of Statutory Notices via Registered Mail

  • Notice on Base Lending Rate (BLR) & Base Financing Rate (BFR) Revision
  • 4th Schedule Notice
  • Notice of Intention to Repossess
  • 5th Schedule Notice 
RM5.80 per recipient
6 Stamp duty on Hire Purchase-i / Guarantee Agreement  RM10.00 per agreement
7 Stamp duty on Rescheduling & Restructuring (R&R) Agreement  RM10.00 per agreement
8

Courier Services

  • Within Malaysia
  • To East Malaysia

 

 

RM10.00 per request

RM15.00 per request

 

9 Consent to change engine/registration number, transfer of vehicle between East and West Malaysia RM50.00 per letter
10 Audit Confirmation RM10.00 per request
11 Additional Hire Purchase-i Account Statement (half year no charge) RM20.00 per request
12 Photocopy/Faxing of Guarantee Agreement RM8.00 per request
13 Photocopy/Faxing of Hire Purchase-i Agreement RM16.00 per request
14 Photocopy/Faxing of Approval Permit RM7.00 per request
15 Photocopy/Faxing of Registration Card RM7.00 per request
16 Service Fee for payment at Over-the-Counter, Cash & Cheque Deposit Machines
  • Over-the-Counter
  • Cash/Cheque Deposit Machines

RM2.00 per transaction

RM0.50 per transaction

Notes

  • Taxes on products and services (including but not limited to service tax, indirect taxes or withholding taxes), where applicable, as may be imposed by the Government of Malaysia and any taxes payable in connection with or arising out of facility financing/account will be payable.
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