Public Bank

Public Bank Aitab Hire Purchase-i

Looking to finance a road worn vehicle? This Islamic car loan is available for used cars and trucks, with attractive rates and long repayment periods.

    • Up to 9 years tenure
    • Fixed Islamic financing
    • Flat profit rate
    • Up to 90% margin of finance
  • ConditionOriginMaximum YearsMargin of FinanceProfit Rate
    NewLocal9 years90%3.31% p.a.
    Foreign9 years90%2.84% p.a.
    UsedLocal7 years90%4.1% p.a.
    Foreign7 years85%4.05% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate for New Cars
from 2.84% p.a. to 3.31% p.a., depending on car brand, borrowing amount, and period.
Profit Rate for Used Cars
from 4.05% p.a. to 4.1% p.a., depending on car brand, borrowing amount, and period.
Stamp Duty
Photocopy Charges
Consent Letter
Early Settlement Fee
Late Penalty Fee
8% p.a. on the outstanding balance

*inclusive of 6% GST


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 Public Bank Aitab Hire Purchase-i

Things you might want to know

How do I qualify for Public Islamic Aitab Hire Purchase-i?

You need to be at least 18 years old, with a monthly salary of RM1800 to apply for this hire purchase. There are a few factors to consider during your application, including your age, income, type of car, and your overall credit worthiness. If these criteria are found wanting you may want to find a guarantor.

How much can I borrow from Public Bank?

Again, there are a few benchmarks to take into account. Is it a local or foreign car? it is new, or old? is it a popular model? All these things are used to determine how much you can borrow, the interest rate, and how long you can stretch your monthly repayments.

For a new car, you can finance up to 90% of the car's value for over a period of nine years, whereas a well maintained 10 year old car can only be financed for up to 80% of its market value for a maximum of 3 years.

How much does this car loan cost me per month?

Once your loan has been approved you'll be given a schedule of your fixed installments, detailing all the relevant information about your monthly repayments.

You can easily transfer the money via. online, ATM transfer, or Standing Instruction

What happens when I fail to make a monthly payment?

The consequences are, well, bad. It will cost you extra 8% interest on the outstanding amount, even if you're one day late! If you miss on your repayments for two months in a row, you might have your car repossessed by the bank.

Is early settlement allowed?

Not only is it allowed, but you will be rewarded for it - instead of a penalty, you will be entitled to an "ibra" (rebate) on the remaining lease charges.

Awesome, what documents do I need to bring to the bank for the application?

Salaried applicant:

Latest 3 to 6 months salary slips
Latest EA statement
EPF Statement
Latest tax return
Employment letter
Last 3 months Current Account statement

Self-employed applicant:

Last 1 year tax returns and receipts
Latest 6 months Current Account Statement/Savings account passbook

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