KFH Automobile Ijarah-i

Attractive Shariah-based car loan with quick approval, easy repayment channels and full takaful coverage

    • Up to 9 years tenure
    • Fixed Islamic financing
    • Flat profit rate
    • Up to 90% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate
    NewLocal9 years90%2.5% p.a.
    Foreign9 years90%2.5% p.a.
View product disclosure sheet.

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from as low as 2.5% p.a., depending on car brand, borrowing amount, and period.
Stamp Duty
Early Settlement Fee
depends on agreed terms with the bank
Late Penalty Fee
1% p.a. of the outstanding amount

*inclusive of 6% GST


Do you qualify for this financing?

Minimum age
18 years old
Maximum age
65 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about KFH Automobile Ijarah-i

Things you might want to know

Who can apply for Kuwait Finance House Automobile Ijarah-i?

If you're a Malaysian or hold permanent resident status you can apply for this car loan. If you are less than 21 years old you will require a guarantor to provide security for your application and loan.

What are the financing rates KFH Automobile Ijarah-I?

Kuwait Finance House offers low profit rates starting at 2.75% - 2.95% p.a. for locally made and assembled cars, and 2.55% - 2.82% p.a. for all foreign made cars.

How do I pay the bank throughout the leasing period?

You will be charged a flat lease rate. At the end of the day, you will have paid the bank the principal amount plus total profit based on a predetermined sales price. Easy repayment channels are available, such as MEPS Interbank Funds Transfer and Interbank GIRO.

What are the consequences if I fail to pay?

You will have to pay a compensation charge called Ta'widh of 1% on the overdue amount on your Kuwait Finance House Automobile Ijarah-i. Repossession can and will be a serious risk if you fail to make your payments for two months in succession.

Please tell me I can settle this car loan early?

Yes, that option will always be open to you. You will be entitled to rebate on the unexpired hiring period.

What documents do I need to apply?

 Salaried applicant:

 Copy of NRIC and driving license
 Latest three months salary slips
 Latest EA/ J Form or EPF statement
 Confirmation letter of employment
 Car / vehicle dealer's quotation (for new car only)

 Self-employed applicant:

 Copy of NRIC and driving license
 Copy of business registration
 B/ BE Form (last 2 years)
 Company bank statement (6 Months)
 Personal bank statement (if any)

 Guarantor (if applicable):

 Copy of NRIC and driving license
 Latest 3 months salary slips
 Latest EA/ J Form or EPF statement
 Copy of bank statement or saving passbook

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