12th August 2025 - 3 min read
Perodua and Maybank Islamic Berhad have introduced the Perodua Flexiplan, Malaysia’s first Shariah-compliant agility financing plan, powered by Maybank Islamic myimpact Drive Financing-i. This new initiative aims to make vehicle ownership more accessible, flexible, and aligned with customers’ changing needs.
The Perodua Flexiplan is based on a Murabahah Vehicle Term Financing structure, offering competitive monthly payments over an initial five-year term. At the end of this period, customers can choose to trade in their current vehicle to Perodua at a competitive value, subject to terms and conditions, and use this amount towards the down payment for a new Perodua model.
Customers may also opt to keep the vehicle by settling the outstanding balance in full, or extend the financing for up to four more years under a revised payment plan. The Perodua Flexiplan is available for four models: the Myvi, Axia (excluding the Axia E), Ativa, and Aruz.
The plan is designed to suit changing lifestyles. Customers who wish to change vehicles for family, work, or personal reasons can easily transition to a new model every five years without going through the traditional resale process. If the decision is to keep the current car, the financing can be extended under new terms, helping customers manage repayments in a way that aligns with their financial circumstances.
Perodua President and Chief Executive Officer, Dato’ Sri Zainal Abidin Ahmad, said the collaboration represents a milestone for both companies.
“Today, both Perodua and Maybank Islamic broke new ground as we join forces to offer the best possible financing package which ensures everybody wins; Perodua, Maybank Islamic and, especially our valued customers.”
He added that with the backing of Malaysia’s largest bank combined with the trust Perodua has built among Malaysians, the Perodua Flexiplan is expected to be well received.
Syed Ahmad Taufik Albar, Group CEO, Community Financial Services, Maybank, said the financing plan reflects the bank’s commitment to flexible and transparent financial solutions.
“We are proud and excited to provide this innovative approach to all Malaysians alongside Perodua, one that addresses the preferences of modern car buyers and empowers our customers with flexible ownership choices.”
The Perodua Flexiplan comes with access to a wider ecosystem of Shariah-compliant vehicle ownership solutions. These include the Perodua Total Protect Plus comprehensive takaful, underwritten by Etiqa, which provides an additional RM5,000 special peril coverage, and the Credit Reducing Term Takaful, offering extra financial protection for customers.
These offerings are part of Maybank Group’s values-based banking approach, designed to promote customer-centric, ethical, and sustainable financial services.
For more details, customers can contact any authorised Perodua sales advisor or visit Maybank branches nationwide for full terms and conditions of the Perodua Flexiplan and Maybank Islamic myimpact Drive Financing-i.
You can also compare this plan with other options on the RinggitPlus car loan comparison page to find the most suitable financing for your needs.
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Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.
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