Tag Archives: New Motorcycle

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 (%).