Bank Rakyat Superbikes Financing-i

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

Bank Rakyat Superbikes Financing-iHire Purchase Financing-i
up to 7 years
Loan Type
Fixed Islamic loan
Profit Type
Excess Repayment
Not applicable
Early Settlement Rebate

Profit rates

How much the bank charges you based on your loan amount & loan period

ConditionMaximum YearsMargin of FinanceInterest rate

Fees & Charges

Profit Rate for New Cars
from as low as 5% p.a., depending on car brand, borrowing amount, and period
Stamp Duty
JPJ Fees
Early Settlement Fee
Late Penalty Fee
1%  p.a. on outstanding payments


Minimum Annual Income
Minimum Age
  • 18 years old
Who can apply
  • Malaysians

More Information

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 RM2,000.

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 RM24,000 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  500cc will be charged 5% 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 an 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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Get the financial support you need


We’ll guide you through your application for this financial product