Bank Rakyat

Bank Rakyat Superbikes Financing-i

Worry not on getting your new superbike anymore. Bank Rakyat will take care 80% of the total superbike price for you.

    • Up to 7 years tenure
    • Fixed Islamic financing
    • Flat profit rate
    • Up to 80% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from as low as 4.5% p.a., depending on car brand, borrowing amount, and period.
Early Settlement Fee
Late Penalty Fee

*inclusive of 6% GST


Do you qualify for this financing?

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

Frequently Asked Questions about Bank Rakyat Superbikes Financing-i

Things you might want to know

Burn rubber with a fast and furious sports bike, or cruise along the Karak Ekspressway with a gangsta chopper. Bank Rakyat offers a special financing plan for prospective owners and enthusiast alike who have a healthy credit rating and a minimum monthly income of RM3,500.

How do I qualify?

Malaysian citizens age 18 and above can apply for this super bike plan. As mentioned, you’ll need a earn an annual income of RM42,000 a year. You’re only eligible for 80% financing of the sales price, which means 20% must be paid upfront.

What are the profit rates for Bank Rakyat Superbikes Financing-i?

The profit rates for Bank Rakyat Superbikes Financing-i is based on the engine power. Bikes between 250 – 500cc will be charged 4.50% profit rates, while 500cc bikes and above come with 5.00% profit rates, per annum.

To calculate how much you’ll have to pay to the bank, say you’re approved for RM100,000 financing at 5% p.a.

  • You’ll be charge flat rates for your hire purchase financing, so that’s RM5,000 a year or RM417 monthly (this is not inclusive your monthly principal payments).
  • A four year tenure means you’ll pay RM20,000 in profits to the bank, while a six year tenure will cost RM30,000 in total.

Is this financing plan Islamic and Riba-free?

Bank Rakyat Superbikes Financing-i is a Islamic financing plan that only invests your money in business transactions that are in compliance with Shariah laws and regulations by Bank Negara Malaysia.

How do I make my monthly repayments?

It’s important to make your monthly repayments on time each month, or risk facing Ta’widh (late payment charges) of 1% p.a. on the total amount due – worse still, repossession of your superbike!

Make your payments directly each month through convenient online banking with Bank Rakyat, cash payments, post-dated cheques, or salary deductions through Biro Perkhidmatan Angkasa and PGM.

What documents do I need to apply?

To process your application and approve your Bank Rakyat Superbikes Financing-I, the bank will need you to provide:

  • One copy of NRIC
  • One copy of your latest 3 months’ salary slips
  • One copy of your bank statement with account transactions
  • Driver’s license
  • Quotation or invoice of superbike from seller

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