CIMB Hire Purchase-i

Get this Syariah compliant car loan for hassle-free finance with fast approval, easy repayments, and full Takaful coverage for the first year

    • Up to 9 years tenure
    • Fixed loan
    • Flat interest rate
    • Up to 90% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceInterest Rate
    NewLocal9 years90%3.35% p.a.
    Foreign9 years90%2.95% p.a.
    UsedLocal9 years90%4.1% p.a.
    Foreign9 years90%3.6% p.a.

Fees & Charges

There are always fees but how much are they?

Interest Rate for New Cars
from 2.95% p.a. to 3.35% p.a., depending on car brand, borrowing amount, and period.
Interest Rate for Used Cars
from 3.6% p.a. to 4.1% p.a., depending on car brand, borrowing amount, and period.
Stamp Duty
Photocopy Charges
Consent Letter
Early Settlement Fee
depends on agreed terms with the bank
Late Penalty Fee
1% p.a of the outstanding balance

*inclusive of 6% GST


Do you qualify for this loan?

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

Frequently Asked Questions about CIMB Hire Purchase-i

Things you might want to know

Who is eligible for CIMB Hire Purchase-i?

You need to be at least 18 years of age and earning a minimum of RM2000 a month to apply for this loan.  If you're over 18 but under 21 you may be asked to provide a guarantor.

I plan to get a used car, will this loan be suitable?

Yes! You will be able to finance the purchase of new or used passenger cars, and also unregistered reconditioned cars.

What are my monthly repayments?

CIMB Hire Purchase-i adheres to CIMB's own Syariah standards. Your lease payments will be predetermined by the bank using a flat interest rate, leaving you no room for principal reduction or lowering interest rate charges. 

Otherwise, you can also choose a variable rate for your monthly instalments - that means your monthly repayments may go lower or higher throughout your loan tenure.

What is the worst that could happen if I do not make payments?

The worst scenario would be repossession of your vehicle by the bank. This will happen if you miss payments for two months in a row. Other than that, if you're a little late making payment onto your car loan expect to be charged 1% interest on the overdue amount.

Can I pay my car loan off early?

Want to pay off your loan early? Your wish shall be granted! There is even a rebate on the remaining unearned bank profit.

Great, what documents are needed for application?

Salaried Applicant:

Photocopy of NRIC & valid driving license
Latest form B / EA or EPF statement
Latest 3 months pay-slips
Latest 3 months Savings / Current account statements


Photocopy of NRIC & valid driving license
Latest form B / EA or EPF statement
Business Registration Certificate for sole Proprietor / Partnership
Latest 6 months bank statement account

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