CIMB Hire Purchase-i

Get this Shariah compliant car loan for hassle-free finance with fast 1-Minute CIMB InstaApproval, easy repayment and full Takaful coverage for the first year.

    • Up to 9 years tenure
    • Flexi/Fixed Islamic financing
    • Variable/Flat profit rate
    • Up to 90% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate
    NewLocal9 years90%2.85% p.a.
    Foreign9 years90%2.65% p.a.
    UsedLocal9 years90%4.45% p.a.
    Foreign9 years90%4% p.a.
View product disclosure sheet.

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from 2.65% p.a. to 2.85% p.a., depending on car brand, borrowing amount, and period.
Profit Rate for Used Cars
from 4% p.a. to 4.45% p.a., depending on car brand, borrowing amount, and period.
Stamp Duty
Consent Letter
Early Settlement Fee
Late Penalty Fee
1% p.a of the outstanding balance


Do you qualify for this financing?

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 RM2,000 a month to apply for this loan.  If you're over 18 years old but under 21 years old, 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 Shariah 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:
  • Copy of NRIC & valid driving license
  • Latest 3-months salary slips, or
  • Latest 3-months Savings/Current account statements
  • Latest form B / EA or EPF statement
  • Copy of NRIC & valid driving license
  • Business Registration Certificate for sole Proprietor / Partnership
  • Copy of BR Renewal (Borang D/E)
  • Latest 3-months Savings/Current/ASB/ASN/Tabung Haji statement
  • Latest form B / EA or EPF statement

Tell me more about CIMB InstaApproval!

With CIMB InstaApproval, it only takes 1-Minute to secure your dream car. Approval will be given upon submission of complete documents with stable internet connection. Your car dealer will also be notified upon approval.

Application is simple and paperless as you only need to apply using your NRIC.

Am I eligible to apply for CIMB InstaApproval?

As long as you are a salaried employee with a payslip and/or EPF statement.

Do ensure that there isn't any form of misrepresentation on the information and documentation you've provided to the bank to avoid your auto financing being withdrawn and/or cancelled.

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