Public Islamic Bank (PIBB) is offering preferential rates for customers applying for its AITAB hire purchase-i financing to purchase energy efficient vehicles (EEVs).

The preferential rates, part of a campaign running from now until 31 December 2020, provides customers with an exclusive financing rate from as low as 2.20% per annum, with a tenure of up to 9 years. It is also applicable only to selected new vehicle models – presumably vehicles under the EEV definition by the Road Transport Department (RTD).

“This campaign is designed to support local growth and usage of EEVs in Malaysia to reduce carbon emission into our environment. Be smart by saving fuel consumption with EEVs while going green and saving the earth,” said the bank in a statement.

PIBB further commented that the campaign is in conjunction with its participation of Bank Negara Malaysia’s (BNM) Value Based Intermediation initiative. The idea behind the initiative is to encourage Islamic financial institutions to adopt more structured frameworks to assess how they create value and impact, particularly in response to changing economic, social, and environmental factors.

While PIBB has announced the EEV campaign on its website, details appear to be somewhat limited. For more information, you may want to check in with PIBB’s hire purchase centres or call the bank’s toll-free number at 1-800-22-7777 instead.

(Source: The Sun Daily)

• TAGS:
• AITAB Hire Purchase-i Financing
• Bank Negara Malaysia
• BNM
• EEV Campaigns
• Energy Efficient Vehicles
• Hire Purchase
• PIBB
• Public Islamic Bank