AmBank AmAUTOMate

Your one-stop solution for all car financing needs - extensive network of dealers, tax renewal services, and easy online application!

    • Up to 9 years tenure
    • Fixed Islamic financing
    • Flat profit rate
    • Up to 90% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate
    NewLocal9 years90%3.05% p.a.
    Foreign9 years90%3.34% p.a.
    UsedLocal9 years90%3.66% p.a.
    Foreign9 years90%3.4% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from 3.05% p.a. to 3.34% p.a., depending on car brand, borrowing amount, and period.
Profit Rate for Used Cars
from 3.4% p.a. to 3.66% p.a., depending on car brand, borrowing amount, and period.
Stamp Duty
Photocopy Charges
Consent Letter
Early Settlement Fee
Late Penalty Fee
8% p.a. of the outstanding amount

*inclusive of 6% GST


Do you qualify for this financing?

Minimum annual income
Minimum age
18 years old
Maximum age
55 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about AmBank AmAUTOMate

Things you might want to know

Tell me about the AmBank AmAUTOMate Solution?

Gladly. First of all, this is a conventional fixed instalment car loan, which is also offered by AmIslamic Bank as a Shariah compliant hire purchase package. What sets this financing option apart is the many value-added benefits that's meant to grease the wheels on your application process, making it less of a chore.

AmBank have relationships with over 3000 panel dealers worldwide, instant road tax renewal services, extensive payment channels, and easy to use online tools such as the installment calculator and immediate online quotation. You will be able to finance cars, both local and foreign, new or used, for up to 9 years and at a margin of 90% of it's quoted selling price.

How are my repayments like?

You will be paying fixed monthly installments at a flat interest rate. If you are an AmSignature Priority Banking customer, you will get to enjoy preferential rates. Your repayments can be easily made, without you lifting a single finger via a standing instruction. For AmBank staff and government employee, you can opt to automatic salary deduction.

What If I miss on my installment due dates?

Then you better be ready to pay a penalty fee of 8% p.a.for the conventional AmAUTOMate, or 1% p.a. for the Islamic variant. If it so happens that you default on your repayments for 2 months consecutively, the bank will have the right to repossess your vehicle.

Will I be able to settle my loan earlier then?

Yes, absolutely! You will be given a rebate calculated from the remaining tenure period.

I am a foreigner, will I be eligible for the AmBank AmAUTOMate?

Of course, but on one condition - you will need a guarantor. You will also need to be at least 18 years of age, but not exceeding 55.

Great, what documents do I need?

Copy of MyKad & Driving License

Fixed income earners:

Latest income documents i.e. 3 months salary slip, EA form, income tax confirmation receipt, EPF statement

Variable income earners:

Latest income documents i.e. commission statements, income tax confirmation receipt, EPF statement
Bank Statements or savings account passbook (Latest 6 months period)
For new vehicle financing: vehicle sales order (VSO)
For used vehicle financing: vehicle registration card

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