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    Maybank Al-Ijarah Thumma Al-Bai (AITAB)

    Maybank AITAB Car Loan is a vehicle financing facility offered for the purchase of new, old, and reconditioned vehicles. The facility works on the basis of Shariah concept of AITAB (Al Ijarah Thumma Al Bai) which means lease followed by a sale.

    Types of Maybank AITAB

    The following are the vehicle purchase plans available with Maybank AITAB:

    Vehicle Type Available Repayment Period Margin of Finance
    New passenger car, MPV, 4WD, and SUV (CKD and CBU units) Up to 9 years A maximum of 90% of the seller’s or dealer’s invoice
    Old or used passenger car, MPV, 4WD, and SUV Up to 9 years A maximum of 85% of the seller’s or dealer’s invoice
    Unregistered reconditioned (imported) vehicles Up to 9 years A maximum of 90% of the seller’s or dealer’s invoice

    Features & Benefits

    • The maximum amount of funds you can obtain via this facility is 90% of the vehicle’s price.
    • The financing facility comes with a flexible and wide range of repayment tenures for you to choose from that has a maximum limit of 9 years.
    • The funds you can obtain through this facility come with competitive profit rates.
    • You can get financing for new, used, and reconditioned vehicles via this facility.
    • You can make the repayments for Maybank AITAB using any of the following modes of payment:
      • Payment through ATMs.
      • At Maybank branches.
      • Online payment via Maybank2u.com, and
      • Maybank e-Kawanku.
    • The facility has a low processing and approval time.
    • The scheme comes with road tax renewal.

    Interest/Profit Rates

    The following table consists of profit rates associated with Maybank AITAB:

    Vehicle Type Maximum Financing Tenure Available Profit Rate
    New vehicle 9 years 3.40% p.a. to 4.10% p.a.
    Second-hand vehicle 9 years 4.25% p.a. to 4.50% p.a.

    Eligibility Criteria

    The following can apply for Maybank Al-Ijarah Thumma Al-Bai (AITAB):

    • Individuals who are at least 18 years old.
    • Private Limited companies.
    • Public Limited companies.
    • Sole proprietorships.
    • Partnerships.

    Documents Required

    For Fixed-salary Earning Individuals

    • Applicants:
      • One copy of NRIC.
      • One copy of driving license.
      • Salary slips or vouchers for the 2 recent months.
      • One of the following documents:
        • Latest EA form.
        • Employment confirmation letter.
        • Latest EPF statement.
        • Bank or passbook statements for the 3 latest.
        • ASB/ASN.
      • For Foreigners:
        • A copy of passport.
        • Contract or employment letter.
      • NRIC and last 2 months’ income proof of your spouse if his/her salary contributes to the gross household income.
      • For Purchase Of An Old/used Vehicle:
        • NRIC of the seller.
        • Driving license of the seller (if the seller is an individual).
        • Performa invoice.
        • Registration card.
    • Guarantor:
      • One copy of NRIC.
      • Copies of salary slips or vouchers for the 2 latest months.
      • One of the following documents:
        • Latest EPF statement.
        • Employment confirmation letter.
        • ASB/ASN.
        • Latest EA form.
        • Bank statement or passbook statement for the 3 recent months.

    For Public Listed companies

    • Latest Form 49.
    • Latest Audited Annual Financial Statement (except for Direct Hire Purchase facilities).
    • For the purchase of a used/old vehicle:
      • Performa invoice.
      • Registration card.

    For Sole Proprietorships/partnerships/self-employed Individuals

    • NRIC.
    • Driving license.
    • Business registration certificate (Form D and Form A or B).
    • Trading and Profit Account of the company (mandatory for all except self-employed individuals).
    • Balance Sheet of the firm (mandatory for all except self-employed individuals).
    • A relevant document that serves as the business’ income proof.
    • Bank statements for the last 6 months.

    How To Apply

    • Offline Application: You can apply for the financing facility at any Maybank branch. You can also reach out to the bank with your application request via customer service numbers or through the bank’s email.
    • Online Application: You can also apply for the financing facility at the official web portal of Maybank. You are required to fill up the application form available on the official website and submit the form along with the supporting documents.

    Fees & Charges

    Late payment charges (Before the maturity) 1% p.a. of the amount of overdue instalment calculated on a daily basis.
    Late payment charges (After the maturity) IIMM% p.a. of the amount of overdue instalment calculated on a daily basis.
    Stamp Duty Without guarantor: RM20 per agreement.
    With guarantor: RM60 per agreement.
    Issuance letter of consent to JPJ on the change of vehicle engine (for used vehicles) (per letter) RM53.
    Issuance letter of consent to JPJ on the interchange of vehicle’s registration number (for used vehicles) (per letter) RM53.
    Road tax renewal RM10.60.
    Inter-branch inspection (per inspection) RM53.
    Issuance of letter to customs and a letter to JPJ for transfer of vehicle to East Malaysia or vice-versa (per letter) RM21.20.

    Note: JPJ = Jabatan Pengangkutan Jalan (Road Transport Department Malaysia); IIMM = Islamic Interbank Money Market.

    Contact Number

    For any query related to Maybank AITAB, you can contact the bank via the following customer service numbers:

    • Hotline Numbers:
      • Local: 1-300 88 6688.
      • Overseas: 603-7844 3696.
    • Customer Service Number: 03-2297 2000

    FAQ's

    Q. Is it mandatory to opt for the motor takaful coverage with Maybank AITAB Vehicle Financing package?

    A. Yes. It is compulsory for you to take the motor takaful coverage with Maybank AITAB.

    Q. When does repossession take place with this scheme?

    A. The repossession take place in the following cases:

    • If you default two successive monthly payments on the facility.
    • If you do not pay the final instalment of the facility.

    Q. Do I need to be accompanied by a guarantor for Maybank AITAB application process?

    A. The requirement of a guarantor for the application process may vary from application to application and person to person. But it is compulsory for foreign applicants to be accompanied by a guarantor to the Maybank AITAB application process.

    Q. Can I make partial payment on this financing scheme?

    A. No, partial payments are not allowed with Maybank AITAB.

    Q. What are the other ways I can contact the bank regarding this product?

    A. You can contact the bank via its fax at 03-2283 2019.

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