Muamalat Vehicle Financing-i GradPack
Based on Bai' Bithaman Ajil - a contract of normal sale with the payment of the selling price deferred, to an agreed later date.
Customer Eligibility
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Minimum basic salary of RM1,500.00 per month |
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A minimum age of 20 years old and a maximum of 30 years old during application |
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Minimum qualification of diploma level from institutions recognized by Malaysia Qualification Agency (MQA) / Department of Higher Education, Ministry of Higher Education Malaysia |
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Application made within 3 years from the date of graduation |
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Confirmed staff (except for goverment staff and management trainees of private sector.) |
Documents Required
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Photocopy of NIRC |
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Photocopy of driving license |
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Photocopy of 3 months latest salary slip (or employment's offer letter, if newly employed) for goverment staff or management trainees of private sector. |
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Photocopy of diploma/degree/transcript |
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Vehicle sales order |
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Application form duly completed |
Profit Rate
According to Bank's prevailing profit rate. |
Financing Tenure
Minimum 4 years and up to 9 years |
Mode of Payment
Normal monthly installment payment through counter |
Financing Amount
Minimum amount RM20,000.00 |
Advance Payment
Compulsory, of which equivalent to 1 - 2 months installment prior disbursement
