A simpler, more transparent way to manage your Hire Purchase Loan/Financing

Effective 1 August 2026, Maybank Hire Purchase Loan/Financing adopts the Reducing Balance Method (RBM), where interest/profit is calculated based on your remaining financing balance – not the original financing amount; in line with the Hire Purchase (Amendment) Act 2026 (HPAA)

What has changed?

What this means to you

• Interest/profit is calculated based on your remaining financing balance.
• You may benefit from a lower settlement amount when you settle your financing early, as future interest/profit is calculated based on the remaining financing balance.
• Easier and faster with electronic agreement and electronic signatures.

Explore Maybank Hire Purchase Loan/Financing and find the financing option that's right for you.

Planning to settle your existing Hire Purchase financing early?

You will be entitled to a Goodwill Discount if you have an existing Maybank Hire Purchase Loan/Financing under the Rule of 78 method and choose to settle your loan/financing early. Eligibility and calculation of the Goodwill Discount are subject to Maybank's applicable terms and conditions.

To find out more about Goodwill Discount for early settlement, please visit your nearest Maybank Auto Finance Centre, Maybank or Maybank Islamic branches. Our team will be happy to assist you.

Drive home your dream car with up to 90% margin of financing, available with Fixed Rate or Variable Rate Financing.

Note:
Reference Rate (RR) is the benchmark rate used by banks to determine financing rates, such as the Standardised Base Rate (SBR). When the RR changes, your financing rate and monthly instalment may also change.

All financing is subject to Maybank's approval and the financing guidelines issued by Bank Negara Malaysia.

BOOKED YOUR DREAM CAR?

Choose your preferred application channel below.

1. Through Your Car Dealer

Inform your dealer that you'd like to finance your car with Maybank/Maybank Islamic Hire Purchase Financing/-i. They'll connect you with our team to guide you through the financing application.

2. Via Maybank2u

Complete the enquiry form, select your preferred Maybank Auto Finance Centre, and our team will get in touch to guide you through the next steps.

Contact me

3. Visit a Maybank Auto Finance Centre or Maybank/Maybank Islamic Branch

Find your nearest and most convenient location to visit and our team will guide you through the financing application. 

Locate us

4. Via the MAE App

You can now submit your Hire Purchase application through the MAE App.

For more information, please refer to the FAQs

Optional supporting documents to strengthen your financing application

• Proof of rental
• Investment income

Additional documents required for Used Car Financing

• Vehicle Car Ownership Certificate (VOC) / Sijil Pemilikan Kenderaan
• Pro Forma Invoice or Invoice

Hire Purchase Financing

Easy Road to your Repayment/Payment

Zoom through our fast and convenient banking channels for high speed servicing of your monthly repayments/payments:

Pay via M2U

• Go to "M2U"
• Select "Pay & Transfer"
• Select "Pay"
• Select "Payee"
• Select "Maybank Hire Purchase"
• Key in “Amount and Effective Payment Date”
  “Set Recurring” & select “Effective Start & End Dates” if you want your payment to be automatically deducted on a monthly basis for subsequent months.
• Request for :
  • "Secure Verification", You will receive a notification on your phone to authorize this transaction on the new Maybank app; or
  • "Secure TAC", Enter the 6 digit TAC number generated from your new Maybank app; or
  • "SMS TAC", Receive the 6 digit TAC via SMS to authorize the transaction
• "Transaction Successful"

*Click 'Add as Favourite Payee' link to register your bill as a favourite

Pay via MAE

• Go to "MAE” app
• Select “Maybank2u”
• Key in your 6 digit PIN
• Select "Loan"
• Select “Loan Account”
• Click “Pay Loan”
• Choose either “Monthly Instalment Amount” or “Monthly Instalment Due” or “Any Amount”
  • "Monthly Instalment Amount", the amount will be auto populated
  • "Monthly Instalment Due", key in amount due in the calculator
  • "Any Amount", key in any amount
• Select “Crediting Account”
• Click “Pay Now”
• Select “Accept” or “Reject” for Secure Verification
• “Transaction Successful”

Perform Payment via ATM/CDM Machine

ATM

• Select "Other Transaction"
• Select "Payment"
• Select "Express Payment"
• Select "Loan/Financing"
• Select "Vehicle Loan/Hire Purchase"
• Enter "Acc.No. or Vehicle no."
• Enter "Amount"
• Select the "Account" you wish to make payment from
• "Confirmation" screen displayed
• "Transaction completed"

CDM

• Select "CDM"
• Select "Cash Payment"
• Select "Maybank Cash Payment"
• Select "Loan/Financing"
• Select "Vehicle Loan/Hire Purchase"
• Enter "Acc.No.or Vehicle No."
• "Insert Cash"
• "Confirmation" screen display
• "Transaction completed"
• Download and complete the "Standing Instruction Form"
• "Submit" to any Auto Finance Centres
• Payment will be automatically debited from your account on a fixed schedule every month.

Apply for Standing Instruction

Alternatively, you may walk in to any of our branches to make payment. 

Payments via Maybank2u for Hire Purchase or Al-Ijarah Thumma Al-Bai (AITAB) - ie.car loan/financing must be in the exact/full instalment amount. Please add payments for any other charges eg. overdue interest or miscellaneous charges with your instalment payment. Partial payments or insufficient instalment payments will not be accepted.

Click here for Conventional Hire Purchase Product Disclosure Sheet (English)

Click here for Conventional Hire Purchase Product Disclosure Sheet (BM)

Click here for Islamic Hire Purchase Product Disclosure Sheet (English)

Click here for Islamic Hire Purchase Product Disclosure Sheet (BM)