People buying a used or reconditioned car through selected Bank Muamalat dealers can now get more time before their first monthly payment starts. Under the bank’s #Kereta4Raya 2026 campaign, approved applicants can defer their first instalment for two months after the financing is disbursed.

For buyers trying to juggle a car purchase with festive spending, insurance, road tax, or repair costs, that delay can ease early cash flow pressure. It does not reduce the overall financing cost, but it does change when the first repayment begins.

The Campaign Runs Until End-June 2026

The campaign runs from 1 March 2026 to 30 June 2026. It applies to customers who apply for Bank Muamalat’s Vehicle Financing-i facility during that period to buy an unregistered reconditioned or used car from the bank’s panel or ad hoc dealers.

Dealer eligibility still needs to be confirmed with the bank, so not every dealer will automatically fall within the campaign.

The Main Feature Is A Two-Month Payment Delay

Approved applications under the campaign come with a deferred first instalment. That means the first payment starts two months later than the usual schedule after financing is disbursed.

That can be useful for buyers who expect their upfront costs to land all at once. The early stage of a car purchase often comes with several one-off expenses, and the delayed first instalment gives more room before the monthly commitment begins.

Buyers Can Finance Up To The Full Purchase Amount

Eligible customers can apply for up to 100% financing, depending on the package offered under the bank’s Vehicle Financing-i facility.

That may appeal to buyers who want to reduce the amount they need to prepare upfront, although the repayment commitment still needs to be weighed against monthly income and other fixed expenses.

The Financing Still Follows The Agreed Tenure

The campaign sets a minimum financing tenure of 36 months and a maximum of 108 months. The overall selling price or total hiring charges are still calculated based on that financing tenure.

So while the campaign gives buyers more breathing room at the start, it should be viewed as a timing feature rather than a price cut or financing discount.

Vehicle Availability Can Affect When Payments Begin

The first instalment date is tied to the financing disbursement date, not the date of application. That means the actual payment timeline can shift depending on when the vehicle is ready and when the financing is disbursed.

For buyers, this is worth noting because the delay does not begin from the day the form is submitted. It begins from the point the financing is actually released.

Approved Applications Can Still Be Cancelled

An application can still be rejected or cancelled if the customer does not meet the campaign requirements or if fraudulent activity or documents are suspected.

There is also a completion deadline. If an approved application is not charged to the bank through e-hakmilik within 180 days from the approval date, it will be cancelled automatically, although reinstatement may still be considered at the bank’s discretion.

The Real Benefit Is Short-Term Cash Flow Relief

For someone already planning to finance a car purchase, the practical benefit here is the extra time before the first instalment starts. That can help if the buyer needs more room in the first few months after collecting the car.

The trade-off is that the financing itself still runs on the agreed tenure, so the usual questions still apply. Buyers still need to look at affordability, dealer eligibility, and whether the repayment schedule fits comfortably once the instalments begin.

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