Al Rajhi Bank

Al Rajhi Superbike Financing-i

Owning the ride of your dreams is easy with this superbike loan - cash-back for early ownership and quick approval

    • Up to 7 years tenure
    • Fixed Islamic financing
    • Flat profit rate
    • Up to 90% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate
    NewLocal7 years90%6% p.a.
    Foreign7 years90%6% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from as low as 6% p.a., depending on car brand, borrowing amount, and period.
Stamp Duty
RM183
Photocopy Charges
RM15.90
Early Settlement Fee
Ibra' (rebates) awarded based on settlement date
Late Penalty Fee
1% p.a. in Ta'widh (arrears)

*inclusive of 6% GST

Requirements

Do you qualify for this financing?

Minimum annual income
RM42000
Minimum age
21 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about Al Rajhi Superbike Financing-i

Things you might want to know

I want a superbike - am I eligible for this loan?

If you are above the age of 21 and have a minimum salary of RM2000 per month you can apply for this loan. Only new bikes 500cc or higher can be financed by the bank for up to 90% paid over a maximum seven years.

Is this an Islamic loan?

Yes, it is in compliance with Al-Rahji Bank's own Syariah standards.

What are my monthly repayments like?

It is based on a fixed monthly repayment schedule given to you upon approval of Al-Rahji Superbike Financing-i. This means that you will have peace of mind, knowing that your repayments will not vary according to changes in market rates.

And if I don't pay my installments?

Al-Rahji Bank will be so kind as to send SMS alerts to remind you when your repayments are due, so you don't have to pay the late penalty charges. If you somehow refuse to check you mobile, or just simply forgot about your commitments, you will then face the consequences and pay a late penalty fee.

Can I pay off my superbike loan early?

Yes, you can! You will also be given a profit rebate for early ownership without paying any penalties for early settlement.

What documents do I need to apply?

A copy of:
NRIC or Military ID or Police ID
Latest 3 months pay slip
Latest 3 months Bank statement
Driver’s license
Dealer/Seller quotation or invoice

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