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Hire purchase (HP) financing or commonly known as car loan, it is one of the most common ways for people to buy private vehicles in Malaysia. If you take on HP financing, you become the hirer while the financier financing the vehicle is the owner. As the hirer, you will have to pay instalments to the financier based on an agreed duration while you will have possession of the vehicle. When all instalments are paid up, ownership is then transferred to you, the hirer. In Malaysia, you can apply for car loan from a banking institution directly or through the dealer where you intend to buy your vehicle from.


  HP Financing in Malaysia  

Not everyone can afford to buy a car outright with cash. However, with the


public transport system in Malaysia still in development, car ownership rates are as high as ever!  The core business of Hire Purchase is to provide financing to customers to purchase passenger vehicles from franchised dealers, authorised dealers and panel used car dealers.

Get latest HP financing update...


  Latest HP Interest Rates  

Interest rates for HP facility is a fixed rate up to a maximum of 10% flat per annum for a fixed rate hire purchase facility. The interest rate for a variable rate hire purchase facility is quoted at a margin above the banking institution's base rate (BR).

Check on latest HP Interest Rates...

  Hire Purchase FAQs  

Our comprehensive list of FAQs can help you find the answer you’re looking for. Just choose a topic from the list below:

How much can I borrow from the banking institution (BI)?
What is the minimum deposit required?
Do I require a guarantor for my HP facility?

Check on for more FAQs...





Foreign Banks in Malaysia
  Al Rahji Bank
  Bangkok Bank
  BNP Paribas
  Bank of America
  Bank of China
  Bank of Tokyo-Mitsubishi UFJ
  Deutsche Bank
  HSBC Bank
  India International Bank
  ICBC (China)
  J.P. Morgan Chase Bank
  Kuwait Finance House
  Mizuho Corporate Bank
  National Bank of Abu Dhabi
  OCBC Bank
  Standard Chartered Bank
  Sumitomo Mitsui Banking Corp
  The Bank of Nova Scotia
  The Royal Bank of Scotland
  United Overseas Bank



  Car Loan Banking (Commercial Banks)

Affin Bank

Affin Bank CIMB Bank CIMB Bank Public Bank Public Bank
Alliance Bank Alliance Bank Hong Leong Bank Hong Leong Bank RHB Bank RHB Bank
AmBank Maybank Maybank    
  Car Loan Banking (Islamic Banks)

Affin Islamic Bank

Affin Islamic Bank Bank Muamalat Bank Muamalat Public Islamic Bank Public Islamic Bank
Alliance Islamic Bank Alliance Islamic Bank CIMB Islamic Bank CIMB Islamic Bank RHB Islamic Bank RHB Islamic Bank
AmIslamic Bank AmIslamic Bank Hong Leong Islamic Bank Hong Leong Islamic Bank    
Bank Islam Bank Islam Maybank Islamic Maybank Islamic    
  Development Financial Institutions

Agro Bank

Agro Bank Bank Pembangunan Bank Pembangunan EXIM Bank EXIM Bank
Bank Kerjasama Rakyat Bank Kerjasama Rakyat Bank Simpanan Nasional Bank Simpanan Nasional SME Bank SME Bank
  Helpful Resources  

Comparative Tables
Make better choices for your banking needs
HP Financing Calculator
Calculate your monthly loan payments
Budget Calculator
Plan your monthly income and expenses
Car Loan FAQs
Answer the common HP financing questions
Checklists for HP Financing
Got everything for your application?
Hire Purchase Financing Glossary
Understand HP financial terms in an instant
Car Loan Guides & Tips
A beginner guides & tips to car loan
Related Agencies
Understand the procedures and agencies involved


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However, information could contain errors or inaccuracies and is presented without warranty and statutory means.
No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. ©
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