AmBank AmAuto Cruise

Decide how much you pay onto your car loan every month with fully flexible vehicle financing from AmBank

    • Up to 9 years tenure
    • Flexi Islamic financing
    • Variable profit rate
    • Up to 90% margin of finance
    • Excess Repayment
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate
    NewLocal9 years90%4.95% p.a.
    UsedForeign9 years90%4.95% p.a.
View product disclosure sheet.

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from as low as 4.95% p.a., depending on car brand, borrowing amount, and period.
Profit Rate for Used Cars
from as low as 4.95% p.a., depending on car brand, borrowing amount, and period.
Stamp Duty
Photocopy Charges
Consent Letter
Early Settlement Fee
Late Penalty Fee
1% p.a. in arrears (Ta'widh)


Do you qualify for this financing?

Minimum annual income
Minimum age
18 years old
Maximum age
70 years old

Frequently Asked Questions about AmBank AmAuto Cruise

Things you might want to know

Who is eligible for AmBank AmAuto Cruise?

Anyone over age of 18 will be eligible for this loan, even foreigners. If you have an income of less than RM2000 per month, you really shouldn't be thinking about this car loan, look for one with a lower interest rate instead.

How different is this product from a flat rate car loan?

Instead of having a fixed installment throughout your loan tenure, this AmAuto Cruise offers the option to alter your repayments whenever the BR/IBR is revised.

For example, when there is an interest rate increase in the market and the IBR goes up you can maintain your existing installment amount and vary the number of installments, or if you prefer, pay larger monthly installments for less time. The choice is yours.

Okay, so how are my car loan repayments calculated?

Ambank's AmAuto Cruise car loan will charge you an interest rate calculated at monthly rest, based on the reducing balance method, giving you great flexibility and savings. What does that mean you ask? Well, your payments go toward paying of the loan principal and then interest. As your interest charges are based on the remaining principal amount, you will pay less interest as you go along.

Will I have to pay a penalty if I miss a payment?

Yes, you will have to pay 1% interest on the overdue amount. If you don't make a payment for two months in a row the bank will have the power to repossess your vehicle. So please don't miss any of your loan payments.

What about an early settlement? Can I pay my car loan off anytime?

Of course you can. You'll even get a rebate on the amount of interest charged on the original loan period.

Great, what documents do I need to apply?

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 

Note: For Foreign applicants, a local guarantor is required

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