Higher margin of finance Competitive interest / profit rate Simplified approval process Minimum documents required Convenience
New passenger vehicles. Unregistered reconditioned passenger vehicles not exceeding 5 years from the manufactured date. Used and registered reconditioned passenger vehicles not exceeding 10 years from the manufactured date. Purpose of Financing To provide financing to all eligible employees for the purchase of all passenger vehicles acceptable to Maybank. To refinance existing employees' car loan / financing under Zero Entry Balance Transfer (ZEBT). Type of Facility Hire Purchase / Islamic Hire Purchase (AITAB) and Term Loan / Commodity Murabahah Term Financing-i (Conventional and Islamic)
Up to 9 years Payment via salary deduction only Margin of Finance Hire Purchase / AITABUp to 90% of the cost of each new/unregistered reconditioned passenger vehicles. Term Loan / Commodity Murabahah Term Financing-iUp to 100% of the cost of each new/unregistered reconditioned passenger vehicles.
Individuals aged 18 years old and above Private Limited and Public Limited Companies Permanent employees and the years of employment are as follows: Non-executive (>2 years of service) Executive and above (>1 year of service) Minimum basic salary of RM1,500.00 (subject to Maybank management’s approval)
CAS Application Form duly completed and signed by the employee and verified by HR stating the allowable deduction: Vehicle Sales Order (VSO) Copy of NRIC Copy of Driving License Latest pay slips (2 months)