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Banks that are providing finance

Based on my experience, the banks as stated below do provide Car Financing but subject to terms and condition as stated herein.

1. Maybank

– Provide maximum 100% financing
– Join income for husband/wife, parent/single applicant
– Siblings not allowed to join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about 1 – 2 days
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For Government Servant, MLNG staff may be considered even no payslip as long as Letter of Offer is available
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary
– May be required to pay Advance payment, if the income is marginal

2. Ambank

– Need to pay at least RM600 downpayment
– Compulsary to buy TL insurance
– Join income for husband/wife, parent/single applicant
– Siblings not allowed to join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about 1 – 2 days
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For Government Servant may be considered even no payslip as long as Letter of Offer is available
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary
– May be required to pay Advance payment, if the income is marginal

3. RHB Bank

– Provide maximum 100% financing
– Join income for husband/wife, parent/single applicant only
– Siblings not allowed to join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about 2 – 3 days
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary
– May be required to pay Advance payment, if the income is marginal

4. Public Bank

– Provide 90% financing only
– Join income for husband/wife, parent/single applicant, siblings are allowed join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about 2 – 3 days
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary
– May be required to pay Advance payment, if the income is marginal

5. Affin Bank

– Provide maximum 90% financing only
– Join income for husband/wife, parent/single applicant
– Siblings not allowed to join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about 1-2 days
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary
– May be required to pay Advance payment, if the income is marginal

6. EON Bank

– Provide maximum 90% financing only
– Join income for husband/wife, parent/single applicant
– Siblings not allowed to join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about 4 – 5 days
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary
– May be required to pay Advance payment, if the income is marginal

7. Bank Muamalat

– Provide maximum 90% financing only
– Join income for husband/wife, parent/single applicant
– Siblings not allowed to join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about 3 – 4 days
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary
– May be required to pay Advance payment, if the income is marginal

8. CIMB (Based in Miri)

– Provide maximum 90% financing only
– Join income for husband/wife, parent/single applicant
– Siblings not allowed to join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about one week
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary

9. Bank Kerjasama Rakyat

– Provide maximum 100% financing, mainly for Government Servant only
– Join income for husband/wife, parent/single applicant
– Siblings not allowed to join income
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about 2 – 3 days
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For Government Servant, installment must not exceeds 60% of the salary
– Salary deductions must be made through Angkasa

10. Bank Islam

– Provide maximum 100% financing
– Join income for husband/wife, parent/single applicant, Siblings not allowed to join income
– Fresh graduates are allowed to apply using Diploma/Degree scrolls plus offer letter from employer
– Depends on applicant’s salary/previous finance records, proceesing @ approval takes about one week
– Guarantor required if the hirer working less than 6 months (for employer of small companies)
– Guarantor not required even working less than 6 months (MLNG, ABF, Bintulu Port, Government Staff)
– For company employees, installment must not exceed 1/3 of the salary
– For Government Servant, installment must not exceeds 60% of the salary

Categories: Blogs
  1. anak sarawak
    October 31, 2010 at 2:27 am

    maaf ya, sekarang bank hanya terima permohonan pinjaman yg mempunyai pendahuluan 10%…

  2. khairunisa
    October 6, 2010 at 4:31 am

    salam,
    ada tak bank yang memberi pinjaman pembiayaan kenderan tanpa downpaymt?saya ingin membeli kereta tetapi tidak mampu untuk mnyediakan dwn paymnt…jika ada bank yang menyediakan full loan,sila beritahu saya.

    pekerjaan:kakitangan kerajaan 6 tahun berkhidmat

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