Apply for Muamalat Vehicle Financing-i by Bank Muamalat - Apply online!

This product is structured based on Shariah contract of Murabahah to the Purchase Orderer (MPO). MPO arrangement involves the combination of Wa`d Mulzim (binding promise), Wakalah (Agency), and Rahn.

  • Minimum Monthly Salary RM 2,300
  • Minimum Loan Amount RM 0
Muamalat Vehicle Financing-i
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Product Details

Interest rate

Interest Rate

Condition Origin Maximum Tenure Margin Of Finance Interest Rate
Condition
New
Origin:
Local
Maximum Tenure:
9 years
Margin of Finance:
90%
Interest Rate:
2.9% and above
 
Origin:
Foreign
Maximum Tenure:
9 years
Margin of Finance:
90%
Interest Rate:
2.9% and above
Requirement

Requirements

Minimum Annual Income
Minimum Annual Income:
RM 36,000
Minimum Age
Minimum Age:
18 years old
Maximum Age
Maximum Age:
65 years old
Fees n charges

Fees and Charges

Stamp Duties (Without Guarantor)
Stamp Duties (Without Guarantor):
RM 20
Stamp Duties (With Guarantor)
Stamp Duties (With Guarantor):
RM 30
Late Payment Fee
Late Payment Fee:
1% on outstanding amount