Bank Rakyat

Bank Rakyat Car Financing-i

Flexible and affordable car finance for purchasing new national and non-national cars via commodity Murabahah

    • Up to 9 years tenure
    • Fixed Islamic financing
    • Flat profit rate
    • Up to 100% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate
    NewLocal9 years100%3.3% p.a.
    Foreign9 years100%3.1% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from 3.1% p.a. to 3.3% p.a., depending on car brand, borrowing amount, and period.
Stamp Duty
Early Settlement Fee
Late Penalty Fee
1% p.a. of the outstanding amount


Do you qualify for this financing?

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

Frequently Asked Questions about Bank Rakyat Car Financing-i

Things you might want to know

Who is Bank Rakyat Car Financing-i An Naqlu 2 made for?

This car loan is for Malaysian residents only. You need to be aged 18 years and above and should have a minimum income of RM1500. You may require a guarantor if the bank decides that you are not financially sound.

How much can I borrow?

Under the An Naqlu 2 package that you have chosen, Bank Rakyat will be able to finance up to 100% of your car's sales price. Good news for those wishing to spend more and buy foreign, as the the facility covers national and non-national cars.

How about my car loan repayments?

You will have to pay a fixed monthly installment. Bank Rakyat has a relatively low interest rate when it comes to interest charges. There are a few easy solutions when it comes to paying your debts, such as using your Biro Perkhidmatan Angkasa if you are a government employee.

If I don't pay in a timely manner?

Then I am afraid you will be paying a late penalty for your wrongdoing! If you are unable to make payment for two consecutive months the bank has the authority to repossess your car - as outlined in the Hire Purchase Act 1967.

How about early settlement of this car loan?

Yes you may settle your debts early by paying a lump sum payment to the bank. You will get a rebate on the remaining interest that was to be charged.

What documents do I need?

Basic Documents:

 Copy of NRIC
 Copy of Driving license
 Copy of Latest 3 month salary slip
 Statement of Account Transactions

Confirmation Letter from employer

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