23rd September 2026 - 3 min read
Proton now has its own car financing company. Proton Capital opened on 21 September, allowing you to apply for a Proton car loan directly through participating dealerships instead of going to a bank.
If you’re buying a new Proton, you can now apply for your car loan directly through a participating Proton dealership. Proton Capital, the carmaker’s new financing company, opened on 21 September.
For now, it offers standard non-Islamic hire-purchase financing for new Proton cars at a fixed rate, as well as a separate package for the Proton S70 under the Teksi Madani programme.
What Proton hasn’t said yet is the actual interest rate. So if you’re interested, you’ll have to ask the dealer for the rate and compare it with what banks are offering.
If you’re buying a new Proton through one of the participating dealers, you can apply for Proton Capital financing if you meet its eligibility requirements.
This includes:
When you apply, Proton Capital will assess your income, existing financial commitments, credit information and repayment affordability.
The financing is currently available through 12 participating outlets in the Klang Valley. If you’re outside the Klang Valley, Proton says more dealers will be added in stages.
There’s no application fee for Proton Capital financing.
You’ll still have to account for other costs that come with buying a car, such as stamp duty, registration and insurance or takaful.
These costs will be listed in the product disclosure sheet before you sign the financing agreement. The interest rate should also be stated there, so check the details before signing.
Proton Capital says it’ll give you an initial decision within one working day if your application is complete.
If it needs more documents or further verification, the process may take longer.
Once your car is registered, you’ll be given a unique CIMB Bank account number to make your monthly payments through online banking or DuitNow. You can also set up a direct debit if you’d rather not make the payment manually each month.
You can also insure your car through the Proton Insurance Programme.
For now, you’ll only find standard hire-purchase financing through Proton Capital, but more options are on the way.
Proton Capital CEO Song Tao said the company plans to start with standard hire-purchase products and expand its offerings as it gets a better understanding of different customer groups.
A financing package for e-hailing drivers is planned, while a Shariah-compliant financing option is targeted for early November, if the product is ready by then.
Since 1 June 2026, new hire-purchase agreements have to use the reducing balance method and show you an effective interest rate (EIR), though providers have until 31 March 2027 to switch their systems over.
So when the dealer quotes you a rate, ask whether it’s the EIR or a flat rate, whether interest is worked out on the reducing balance, and the total you’ll repay over the full tenure.
Then get the same three answers from a bank before you decide. A dealer loan might be convenient, but you won’t know how it compares until you get a bank quote too. Our car loan comparison page has the bank rates.
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Christina writes about personal finance with an eye for making the complicated feel straightforward. She is drawn to the everyday money decisions people face and genuinely enjoys finding the clearest way to explain them. Between articles, she is probably napping, on a hiking trail, or terrorising her sister’s cats.
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