Because of motorcycle is not that expensive, so only 2 banks are providing Hire Purchase plan for new motorcycle.
|Banking Institution||Margin of Financing|
|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|
Note : Minimum Rate / Range
Interest rate charged by banking institutions to borrowers considered most creditworthy. Minimum rate / range is in percentage (%).