Hong Leong Islamic Bank Berhad
RM1,204.38 /mth
Interest Rate
3.78%
Min Loan Amount
RM15,000
Max Loan Tenure
9 yrs
Used Car Loan,
RM80,000 for 84 months
Used Car
RM
84 months
An Islamic hire purchase facility that you can use to part-finance your dream car based on the Shariah contract of Ijarah Thumma Ai Bai (AITAB).
Technically speaking, you are actually leasing the asset for an agreed financing period and rental payment (profit rate). Eventually, you will claim the ownership title of the asset once you have made full repayment to Hong Leong Islamic Bank.
Minimum Annual Income: RM 24,000
Last Updated: 12/07/2024
An Islamic hire purchase facility that you can use to part-finance your dream car based on the Shariah contract of Ijarah Thumma Ai Bai (AITAB).
Technically speaking, you are actually leasing the asset for an agreed financing period and rental payment (profit rate). Eventually, you will claim the ownership title of the asset once you have made full repayment to Hong Leong Islamic Bank.
Minimum Annual Income: RM 24,000
Hong Leong Islamic Bank can provide up to a 90% margin of financing for the purchase of your brand new car, with repayment that can be made up to 9 years.
You can get your financing approved in 30 days, provided you have furnished the bank with the required documents. Simply put, you're good to go if the bank favours your repayment capability.
The rental rate is fixed throughout the life of this facility so you don't have to worry about paying more than you can afford when the bank raises its benchmark rate.