Hire Purchase for Reconditioned Passenger Vehicle – Fixed Rate Term Financing

What is Reconditioned Passenger Vehicle ?

It is an imported used passenger vehicle yet to be registered with JPJ. That's mean it's an used vehicle in other country but recondition it and imported into Malaysia. Badly said, it's second or more hand vehicle.

Well, certain banks do have special Hire Purchase plan for Reconditioned Passenger Vehicle.

Here are the Hire Purchase for Reconditioned Passenger Vehicle comparison table :

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
Affin Bank Berhad
	90	108	3.75	6.75	-	8.00
	90	84	3.50	6.44	-	8.00
Alliance Bank Malaysia Berhad
	90	108	3.65 - 4.10	6.59 - 7.68	-	8.00
AmBank (M) Berhad
	90	84	3.50	6.00	-	8.00
	90	96 - 108	3.75	6.00	-	8.00
EON Bank Berhad
	90	108	3.65 to 4.10	6.67 to 7.48	-	8.00
Hong Leong Bank Berhad
	90	60	3.65	6.80	From RM50	8.00
	90	72	3.80	7.01	From RM50	8.00
	90	84	3.80	6.96	From RM50	8.00
	90	84	4.00	7.30	From RM50	8.00
	90	96	4.10	7.40	From RM50	8.00
	90	108	4.10	7.34	From RM50	8.00
Malayan Banking Berhad
	90	108	2.70 - 3.00	5.00	-	8.00
Public Bank Berhad
	90	108	3.50 to 3.75	6.40 to 6.81	From 55	8.00
RHB Bank Berhad
	90	108	3.50% to 3.75%	6.54% to 6.76%	None	8.00

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