Tag Archives: 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 InstitutionMargin of Financing
(max, %)
Financing Tenure
(max, months)
Fixed Rate Term Charges (& p.a.)Admin Charges(RM)Late Payment Charges (% p.a.)
Minimum Rate/RangeAPR for Minimum Rate
AmBank (M) Berhad
Details75 (Superbike 500cc and above)60 (Superbike 500cc and above)6.7512.008.00
Malayan Banking Berhad
Details70605.008.978.00

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

Hire Purchase for Used Reconditioned Passenger Vehicle – Fixed Rate Term Financing

Remember our yesterday comparison table regarding to “Hire Purchase for Reconditioned Passenger Vehicle – Fixed Rate Term Financing” ?

Today we will show you another comparison table for Used Reconditioned Passenger Vehicle. And here there are :

Banking InstitutionMargin of Financing
(max, %)
Financing Tenure
(max, months)
Fixed Rate Term Charges (& p.a.)Admin Charges(RM)Late Payment Charges (% p.a.)
Minimum Rate/RangeAPR for Minimum Rate
Affin Bank Berhad
Details901084.007.178.00
Details90603.756.858.00
Details90843.907.138.00
Alliance Bank Malaysia Berhad
Details90844.25 – 4.407.58 – 8.23From 508.00
Details85604.508.29From 508.00
AmBank (M) Berhad
Details90844.708.008.00
Details9096 – 1084.908.258.00
Details9096 – 1085.108.508.00
Details90844.858.258.00
CIMB Bank Berhad
Details901083.255.928.00
Details90844.428.018.00
EON Bank Berhad
Details85844.25 to 4.507.72 to 8.148.00
Malayan Banking Berhad
Details85844.508.148.00
Details901084.257.728.00
Details85964.257.728.00
Details85724.758.558.00
Details70607.2512.568.00
Public Bank Berhad
Details901084.00 to 4.257.30 to 7.65From 558.00
Details80485.65 to 5.7810.50From 558.00
Details90844.00 to 4.157.30 to 7.62From 558.00
Details85724.00 to 4.157.30 to 7.62From 558.00

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

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 InstitutionMargin of Financing
(max, %)
Financing Tenure
(max, months)
Fixed Rate Term Charges (& p.a.)Admin Charges(RM)Late Payment Charges (% p.a.)
Minimum Rate/RangeAPR for Minimum Rate
Affin Bank Berhad
901083.756.758.00
90843.506.448.00
Alliance Bank Malaysia Berhad
901083.65 – 4.106.59 – 7.688.00
AmBank (M) Berhad
90843.506.008.00
9096 – 1083.756.008.00
EON Bank Berhad
901083.65 to 4.106.67 to 7.488.00
Hong Leong Bank Berhad
90603.656.80From RM508.00
90723.807.01From RM508.00
90843.806.96From RM508.00
90844.007.30From RM508.00
90964.107.40From RM508.00
901084.107.34From RM508.00
Malayan Banking Berhad
901082.70 – 3.005.008.00
Public Bank Berhad
901083.50 to 3.756.40 to 6.81From 558.00
RHB Bank Berhad
901083.50% to 3.75%6.54% to 6.76%None8.00

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