Public Bank Celebrates Teachers with Offers

Public Bank's Terima Kasih Cikgu Campaign Brings Perks For Teachers Buying A Car

Christina Chandra

13th April 2026 - 3 min read

If you can read this thank a Teacher.

Public Bank are thanking Teachers, lecturers, tutors, professors, and school principals, along with their immediate family members, by offering preferential hire purchase financing terms from Public Bank under the PB Terima Kasih Cikgu Campaign 2026.

The campaign runs from 10 April to 30 June 2026 and covers a range of vehicle types, from new cars and electric vehicles to used vehicles of up to eight years old.

If you qualify, you can apply through Public Bank’s Panel Car Dealers during the campaign period. Your hire purchase financing application must be submitted, approved, and disbursed before the campaign ends for the offers to apply.

Teachers Get Up To 90% Financing And A Nine-Year Repayment Window

You can borrow up to 90% of a vehicle’s on-the-road price, with a repayment period of up to nine years. The campaign also offers a preferential interest rate, though the exact rate is subject to Public Bank’s credit underwriting assessment and may vary depending on the Overnight Policy Rate (OPR), as the bank reviews rates on a monthly basis.

The vehicles covered include new passenger vehicles, newly registered reconditioned vehicles, new electric vehicles (including hybrids and plug-in hybrids), and used vehicles that are no older than eight years.

You can also bundle your hire purchase application with other Public Bank products, including credit cards, bancassurance, wealth management products, and deposit accounts.

The RM200 Cashback Comes With A Shot At Winning One Of 60 Cars

Each approved and disbursed hire purchase account comes with a one-time RM200 cashback, credited directly into your Public Bank savings or current account. If you do not currently hold one, you will need to open an account to receive it. If you choose not to open an account, you will forfeit the cashback entirely.

If you are applying for more than one hire purchase under the campaign, each disbursed account qualifies for a separate RM200. The cashback is non-transferable and cannot be exchanged for other forms of payment or credit.

You will also be entered into the PB 60th Diamond Jubilee Celebration Campaign, where 60 cars are up for grabs. Separate terms and conditions apply.

Timing Your Application Right Makes A Difference Here

To be eligible, you must be a teaching professional or an immediate family member of one. Applications submitted outside the campaign period, or those that are cancelled or rejected, will not qualify for any of the campaign benefits.

Since interest rates are subject to monthly review and may change in line with OPR movements, the rate offered at the time of application may not remain the same if approval or disbursement is delayed. If you want to lock in a rate, factor in processing timelines when planning your application.

The campaign offers a relatively straightforward way to access better financing terms without needing to negotiate independently. The RM200 cashback adds a small but tangible benefit on top, and the 90% margin of finance reduces the upfront cash needed at the point of purchase.

That said, the longer repayment tenure of up to nine years reduces monthly instalments but increases total interest paid over the life of the loan. It is worth comparing the total cost of financing across different tenure options before committing.

Christina Chandra

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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