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Hire Purchase Loans

My First Car Plan

Flexible and affordable monthly repayments from as low as RM268 a month

Features


  • Flexible and affordable repayment
  • Hassle free with fast processing and approval
  • Convenient loan payments via Maybank2u.com and over 400 Maybank branches nationwide
  • Choice of dealers located nationwide

How to Apply


Who is eligible?

*Employed Graduates

  • At least a Degree holder
  • Employed for at least 1 month with a minimum salary of RM2,500
  • Aged between 21 - 30 years old
  • For those with less than 6 months of employment, applications can still be considered if parents or siblings serve as guarantor.

Undergraduates

  • Pursuing a degree in a recognised institution of higher learning
  • Aged between 18 - 30 years old
  • Parents or siblings to serve as guarantor

*Preferred profession under this scheme

  • Government Officer
  • Teacher
  • Nurse
  • Professional e.g. Accountant, Engineer, Auditor, Lawyer, Architect, Doctor, etc

*All terms and conditions are subject to credit guidelines of Maybank.

Repayments


Hire Purchase Financing

Easy Road to your Repayment

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

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


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"


Apply for Standing Instruction

  • Complete the "Standing Instruction Form"
  • "Submit" to your "Auto Finance Centre"
  • Payment will be automatically debited from your account on a fixed schedule every month

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

Payments via M2U for Hire Purchase or AITAB - ie.car loan/financing must be in complete instalment amount. Please add payments for any other charges eg. overdue interest or compensation fees with your instalment payment. Partial payments or incomplete instalment payment will not be accepted.

Find out more today at your nearest Maybank Auto Financing Centre or your car dealer.

 

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