Benefits
- Easy payment of your instalment via Maybank branches, ATMs, online via Maybank2u.com and Maybank e-Kawanku
- Fast processing and approval
- Attractive and competitive term charges
- Renewal of road tax and motor insurance
Types of goods financed
- New motor vehicles
- Secondhand motor vehicles
- Reconditioned motor vehicles
Who can apply
- Individuals aged 18 years old and above
- Sole proprietorships
- Partnerships
- Private Limited & Public Limited Companies
Terms of financing
Type of vehicle | Margin of finance | Repayment period |
New passenger car, 4WD, MPV and SUV (CBU and CKD units) | Maximum of 90% of seller's invoice | Maximum 108 months |
Secondhand passenger car, 4WD, MPV and SUV | Maximum of 85% of seller's invoice | Maximum 108 months |
Unregistered reconditioned (imported) vehicle | Maximum of 90% of seller's invoice | Maximum 108 months |
*All terms and conditions are subject to the financing guidelines by Bank Negara Malaysia and Maybank |
Fees & charges
List of hire purchase fees for purchase of new and reconditioned vehicles, used vehicles and after sales support services.
Click here for Hire Purchase Product Disclosure Sheet (Conventional).
Click here for Hire Purchase Product Disclosure Sheet (Islamic).
Required documents
Applicant | New Vehicle / Unregistered reconditioned | Used Vehicle |
Individual (Fixed Income Earner) - Purchased of passenger vehicle - Purchase of other than passenger vehicle |
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Sole Proprietorship / Partnership / Self Employed - Purchased of passenger vehicle - Purchase of other than passenger vehicle |
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Applicant | New Vehicle / Unregistered reconditioned | Used Vehicle |
Private Limited Company - Purchased of passenger vehicle - Purchase of other than passenger vehicle |
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Public Listed Company - Purchased of passenger vehicle - Purchase of other than passenger vehicle |
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Customer may provide other evidence of income such as rental, investment etc as to strengthen the application
HP Repayments
Easy Road to your Repayment
Zoom through our fast and convenient banking channels for high speed servicing of your monthly repayments:
Pay via M2U
- Go to "M2U"
- Select "Account & Banking"
- Select "Bill Payment"
- Select "Make a one-off payment"
- Select from List "Maybank Loan & Hire Purchase"
- Select from List "Maybank Hire Purchase"
- Account Details displayed, continue
- Key in "Bill Acc.No. or Vehicle No." (no space)
- Key in "Amount, Account you wish to make payment from and Effective Payment Date"
- 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
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
- Complete the "Standing Instruction Form"
- "Submit" to your "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 M2U for Hire Purchase or AITAB - ie.car loan/financing must be in complete instalment amount. Please add payments for any other charges eg. overdue interest or compensation fees with your instalment payment. Partial payments or incomplete instalment payment will not be accepted.
Application
Click here to Apply now via our online Application form
For Product Enquiries: kindly contact nearest Auto Finance Centre
Fax : 03 - 2283 2019
HP Loan Enquiry via Maybank2u.com
Hire Purchase Loan Enquiry is available through Maybank2u.com from 4:30am - 12:30am