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Shariah-compliant car financing based on the principles of Ijarah Thumma Al-Bai’ which means lease followed with saleEnquire now
Benefits
  • Margin of finance up to 90%
  • Long financing period of up to 9 years
  • Fast processing and approval
  • Renewal of road tax and motor takafu
  • Easy payment of your instalment via Maybank branches, ATMs, online via Maybank2u.com and Maybank e-kawanku
  • Attractive and competitive term charge
  • Extensive network of dealers nationwide


Types of goods financed

  • New motor vehicles
  • Second-hand motor vehicles
  • Reconditioned motor vehicles


Terms of financing
 

Type of vehicle Margin of finance payment period
New passenger car, 4WD, MPV and SUV (CBU and CKD units) Maximum of 90% of dealer’s/seller's invoice Maximum 108 months
Second-hand passenger car, 4WD, MPV and SUV Maximum of 85% of dealer’s/seller's invoice Maximum 108 months
Unregistered reconditioned (imported) vehicle Maximum of 90% of dealer’s/seller's invoice Maximum 108 months

*All terms and conditions are subject to the financing guidelines by Bank Negara Malaysia and Maybank

Who can apply
  • Individuals aged 18 years old and above.
  • Sole proprietorships, partnerships or private limited and public limited companies.
Fees & charges

List of Islamic hire purchase fees for purchase of new and reconditioned vehicles, used vehicles and after sales support services.

Required documents

Applicant

New Vehicle / Unregistered reconditioned

Used Vehicle

Individual (Fixed Income Earner)

- Purchase of passenger vehicle

- Purchase of other than passenger vehicle

 

 

 

 

 
  1. NRIC
  2. Driving License (applicant only)
  3. Passport and employment / Contract Letter for foreigner
  4. Latest 2 months' Salary Slips /vouchers and
  5. Latest EA orEPF Statement or Employment Confirmation or 3 months Bank / Passbook Statement or ASB/ASN.
  6. Spouse details (NRIC and latest 2 months' proof of income if to support household income)

    * Local guarantor is compulsory for foreigner and guarantor need to submit documents as per item 1, 4 and 5.

 

 
  1. NRIC
  2. Driving License (applicant only)
  3. Passport and employment / Contract Letter for foreigner
  4. Latest 2 months' Salary Slips /vouchers and
  5. Latest EA or EPF Statement or Employment Confirmation or 3 months Bank / Passbook Statement or ASB/ASN.
  6. Spouse details (NRIC and latest 2 months' proof of income if to support household income)
  7. NRIC & driving license of seller if the seller is an individual
  8. Registration Card
  9. Performa invoice or invoice
    * Local guarantor is compulsory for foreigner and guarantor need to submit documents as per item 1, 4 and 5.

Sole Proprietorship / Partnership / Self Employed

- Purchase of passenger vehicle

- Purchase of other than passenger vehicle

 

 
  1. NRIC
  2. Driving License (applicant only)
  3. Certificate of Business Registration (Form A or Form B plus Form D)
  4. Relevant document as proof of income of business
  5. Trading and Profit Account and Balance Sheet of the firm (except for self employed)
  6. Latest 6 months Bank Statement (Sole Proprietor & Self Employed)
  7. Latest 3 months Bank Statement (Partnership)

 
  1. NRIC
  2. Driving License (applicant only)
  3. Certificate of Business Registration (Form A or Form B plus Form D)
  4. Relevant document as proof of income of business
  5. Trading and Profit Account and Balance Sheet of the firm (except for self employed)
  6. Latest 6 months Bank Statement (Sole Proprietor & Self Employed)
  7. Latest 3 months Bank Statement (Partnership)
  8. Registration Card
  9. Performa invoice or invoice
  10. NRIC & driving license of seller if the seller is an individual

Private Limited Company

- Purchase of passenger vehicle

- Purchase of other than passenger vehicle
  1. Form 9,13, 24 & 49
  2. Latest Company's Directors and Management profile
  3. Latest 3 months' Bank Statement
  4. Guarantor(s) NRIC (if applicable)
  5. Form 9,13, 24 & 49
  6. Latest Company's Directors and Management profile
  7. Latest 3 months' Bank Statement
  8. Guarantor(s) NRIC (if applicable)
  9. Registration Card
  10. Performa invoice or invoice
  

Public Listed Company

- Purchase of passenger vehicle

- Purchase of other  than passenger vehicle
  1. Latest Form 49
  2. Latest Audited Annual Financial Statement (except for Direct Hire Purchase facilities)
  3. Latest Form 49
  4. Latest Audited Annual Financial Statement (except for Direct Hire Purchase facilities)
  5. Registration Card
  6. Performa invoice or invoice
  


IHP Payments

Payment via M2U AITAB-i.e. car financing must be in complete instalment amount. Please add payments for any other charges e.g. late payment charges with your instalment payment. Partial payments or incomplete instalment will not be accepted.


Application

Please click here for AITAB Product Disclosure Sheet.

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