Affin Bank

AFFIN Group is a major home-grown financial services conglomerates. The Group's primary activities focus on the provision of commercial, islamic and investment banking services, money broking, fund management, underwriting of general and life insurance business. The prominent shareholder of AFFIN Holdings Berhad is Lembaga Tabung Angkatan Tentera, the nation's premier superannuation fund manager for the armed forces.

Head Office Address

Level 19, Menara AFFIN
Lingkaran TRX, Tun Razak Exchange
55188 Kuala Lumpur

Contact Centre Tel: +603 8230 2222

Email: yourvoice@affingroup.com

SWIFT Code: PHBMMYKL

Website: www.affinbank.com.my

Affin Bank Car Loan (Hire Purchase)

At Affin Bank, the understanding is that owning a car is an essential part of daily life. That's why the bank is pleased to offer its car loan package in a hire purchase basis, making it easier for customers to own a car without breaking the bank.

The bank's car loan package offers competitive interest rates, flexible repayment terms, and a hassle-free application process. Customers can borrow up to 80% of the car's purchase price, which means they only need to pay a small down payment.

In addition, the bank offers a wide range of car models for customers to choose from, including new and used cars. The bank's loan specialists are always ready to assist customers in choosing the best car loan package that suits their needs and budget.

With Affin Bank's car loan package in a hire purchase basis, customers can enjoy the convenience and comfort of owning a car without worrying about the upfront cost. Interested customers can apply now and let the bank help them drive their dream car today!

Affin Bank Car Financing (Hire Purchase-i)

Hire Purchase-i by Affin Islamic Bank is vehicle financing based on the Shariah concept Al Ijarah Thumma Al Bai (AITAB). Under the Al-Ijarah contract, the hirer (customer) hires the goods from the owner (the bank) at an agreed rental over a specified period. Within the hiring period, the hirer signs the leasing contract for the goods from the owner at an agreed price. During the period of the agreement, the bank owns the vehicle.

There are two contracts involved in this concept. The first contract, leasing contract, and the second contract, a sales contract. The contracts are undertaken one after the other. Upon settlement of the hire rentals, the Sales Contract will be executed, thus transferring the ownership of the vehicle from the bank to the hirer.

However, in the event of the customer failing to perform his obligation to service the hire rental or performs otherwise from the terms and conditions stated in the agreement, the bank has the right to exercise reasonable actions to mitigate its losses.

For more details, please contact the Contact Centre at +603 8230 2222 or visit the nearest Affin Bank branches.

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