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Hire Purchase for New Motorcycle – Fixed Rate Term Financing

Hire Purchase for New passenger vehicle – Fixed Rate Term Financing | Hire Purchase for Used passenger vehicle – Fixed Rate Term Financing | Hire Purchase for Reconditioned Passenger Vehicle – Fixed Rate Term Financing | Hire Purchase for Used Reconditioned Passenger Vehicle – Fixed Rate Term Financing | Hire Purchase for New Motorcycle – Fixed Rate Term Financing

Because of motorcycle is not that expensive, so only 2 banks are providing Hire Purchase plan for new motorcycle.
Banking Institution Margin of Financing (max, %) Financing Tenure (max, months) Fixed Rate Term Charges (& p.a.) Admin Charges(RM) Late Payment Charges (% p.a.)
Minimum Rate/Range APR for Minimum Rate
AmBank (M) Berhad
Details 75 (Superbike 500cc and above) 60 (Superbike 500cc and above) 6.75 12.00 - 8.00
Malayan Banking Berhad
Details 70 60 5.00 8.97 - 8.00

Note : Minimum Rate / Range Interest rate charged by banking institutions to borrowers considered most creditworthy. Minimum rate / range is in percentage (%).


For more information, please check out our blog post



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