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 (%).

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