Banner — Motorcycle Hire Purchase
Motorcycle Hire Purchase
Hire purchase under the Hire Purchase Act 1967. The financier owns the motorcycle for the term of the agreement and title passes to you on the final instalment.
Rate
From 3.5% p.a.
Amount
RM 3,000.00 – RM 60,000.00
Tenure
12 – 60 months
Rate type
Flat
Who can apply
Malaysian citizens and permanent residents
Aged 18 to 65 at application
Minimum income RM 1,200.00 per month
CTOS Score of 650 or above
Debt service ratio at or below 65.0%
No undischarged bankruptcy
Applications scoring between 580 and 649 are referred to an underwriter rather than declined outright.
What to have ready
No documents listed yet
Fees & charges
| Item | When it applies | Amount |
|---|---|---|
| Processing fee | Deducted at disbursement | 0.0% of principal |
| Stamp duty | Statutory, on the agreement | 0.0% of principal |
| Late payment charge | Instalment overdue | 1.0% per month on arrears |
| Early settlement | Any time before maturity | Rule 78 — rebate on unearned profit, no penalty |
Repayment illustration
| Amount | 12 months | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|---|
| RM 3,000.00 | RM 258.75 | RM 133.75 | RM 92.08 | RM 71.25 | RM 58.75 |
| RM 31,500.00 | RM 2,716.88 | RM 1,404.38 | RM 966.88 | RM 748.13 | RM 616.88 |
| RM 60,000.00 | RM 5,175.00 | RM 2,675.00 | RM 1,841.67 | RM 1,425.00 | RM 1,175.00 |
Monthly instalment at 3.5% p.a. on a flat balance. Indicative only. Subject to credit assessment.
Questions about this product
No questions published for this product yet
Your estimate
RM 616.88
per month over 60 months
RM 31,500.00
60 months
Takes about 5 minutes. A CTOS enquiry is made only after you consent.
FromRM 616.88
Apply now