MBSB

MBSB Superbike Financing

Do you have the need for speed, but lack the funds? Finance your new superbike with MBSB for attractive rates and zero handling fees.

    • Up to 7 years tenure
    • Flexi Islamic financing
    • Flat profit rate
    • Up to 75% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate
    NewLocal7 years75%4% p.a.
    Foreign7 years75%4% p.a.
    UsedLocal7 years75%5% p.a.
    Foreign7 years75%5% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from as low as 4% p.a., depending on car brand, borrowing amount, and period.
Profit Rate for Used Cars
from as low as 5% p.a., depending on car brand, borrowing amount, and period.
Early Settlement Fee
None
Late Penalty Fee
1% p.a. of the outstanding amount

*inclusive of 6% GST

Requirements

Do you qualify for this financing?

Minimum annual income
RM84000
Minimum age
18 years old
Maximum age
60 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about MBSB Superbike Financing

Things you might want to know

How much can I borrow from MBSB for my superbike?

If you are over the age of 18 and have a salary of no less than RM7000 per month, you can apply for this bike loan. Your new ride can be financed by the bank for up to 75%, or a minimum borrowing amount of RM40000, paid over a maximum seven years. This includes loans for heavyweight brands such as Ducati, Honda, and Suzuki.

Is this also an Islamic loan?

Yes, it's in based on the Islamic principle of Al Ijarah Thumma Al-Bai with compulsory Hire Purchase Reducing Term Takaful.

What are my obligations?

For a start, you'll have to pay your fixed monthly installments, which consist of a portion of your principal plus the bank's profit. You'll be given a flat interest rate, depending on how long you wish to finance your purchase. The good news is that there's no handling or processing fees.

And if I don't pay my installments for my bike loan?

You'll have to pay a penalty fee for that! There's a 1% compensation charge when you miss a payment.

Can I pay off my superbike loan early?

Yes, of course. If you do you'll get a profit rebate for early ownership without paying any penalties for early settlement.

What documents do I need to apply?

Salaried Applicant:

  • Employment Letter / 3 months' pay slip;
  • Name / Call cards of employees from known/established company.
  • EA / J Form / E-filing
  • Minimum of 3 months' salary slips + bank book salary credited.
  • Site visit for loan amount more than RM100000

Self-Employed Applicant:

  • Bank statement or bank book (6 months')
  • Book verification (Trade reference)
  • Site visit (if any)

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