Hire Purchase/-i

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

Customer may provide other evidence of income such as rental, investment etc as to strengthen the application

Hire Purchase Financing

Easy Road to your Repayment/Payment

Zoom through our fast and convenient banking channels for high speed servicing of your monthly repayments/payments:

Pay via M2U

• Go to "M2U"
• Select "Pay & Transfer"
• Select "Pay"
• Select "Payee"
• Select "Maybank Hire Purchase"
• Key in “Amount and Effective Payment Date”
  “Set Recurring” & select “Effective Start & End Dates” if you want your payment to be automatically deducted on a monthly basis for subsequent months.
• Request for :
  • "Secure Verification", You will receive a notification on your phone to authorize this transaction on the new Maybank app; or
  • "Secure TAC", Enter the 6 digit TAC number generated from your new Maybank app; or
  • "SMS TAC", Receive the 6 digit TAC via SMS to authorize the transaction
• "Transaction Successful"

*Click 'Add as Favourite Payee' link to register your bill as a favourite

Pay via MAE

• Go to "MAE” app
• Select “Maybank2u”
• Key in your 6 digit PIN
• Select "Loan"
• Select “Loan Account”
• Click “Pay Loan”
• Choose either “Monthly Instalment Amount” or “Monthly Instalment Due” or “Any Amount”
  • "Monthly Instalment Amount", the amount will be auto populated
  • "Monthly Instalment Due", key in amount due in the calculator
  • "Any Amount", key in any amount
• Select “Crediting Account”
• Click “Pay Now”
• Select “Accept” or “Reject” for Secure Verification
• “Transaction Successful”

Perform Payment via ATM/CDM Machine

ATM

• Select "Other Transaction"
• Select "Payment"
• Select "Express Payment"
• Select "Loan/Financing"
• Select "Vehicle Loan/Hire Purchase"
• Enter "Acc.No. or Vehicle no."
• Enter "Amount"
• Select the "Account" you wish to make payment from
• "Confirmation" screen displayed
• "Transaction completed"

CDM

• Select "CDM"
• Select "Cash Payment"
• Select "Maybank Cash Payment"
• Select "Loan/Financing"
• Select "Vehicle Loan/Hire Purchase"
• Enter "Acc.No.or Vehicle No."
• "Insert Cash"
• "Confirmation" screen display
• "Transaction completed"

Apply for Standing Instruction

• Download and complete the "Standing Instruction Form".
• "Submit" to "Auto Finance Centre".
• Payment will be automatically debited from your account on a fixed schedule every month.

Alternatively, you may walk in to any of our branches to make payment. 

Payments via Maybank2u for Hire Purchase or Al-Ijarah Thumma Al-Bai (AITAB) - ie.car loan/financing must be in the exact/full instalment amount. Please add payments for any other charges eg. overdue interest or miscellaneous charges with your instalment payment. Partial payments or insufficient instalment payments will not be accepted.

Fees and charges

Click here for a list of hire purchase fees for purchase of new and reconditioned vehicles, used vehicles and after sales support services.

Click here for Conventional Hire Purchase Product Disclosure Sheet (English)

Click here for Conventional Hire Purchase Product Disclosure Sheet (BM)

Click here for Islamic Hire Purchase Product Disclosure Sheet (English)

Click here for Islamic Hire Purchase Product Disclosure Sheet (BM)

Click here for Tribunal Consent Letter Process Flow