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  • Car Loan BYTES FROM OUR KITCHEN

    Maybank My First Car Loan

    Maybank My First Car Loan facility makes it easy for anyone to own a car through its affordable loan instalments. So, if you are a fresh graduate on your first job or still pursuing studies as an undergraduate, the Maybank My First Car Loan package is apt for you as it offers flexible tenures and affordable rates for your convenience.

    Features & Benefits

    • Flexible and affordable mode of repayment structure.
    • Hassle free banking experience with faster approval and processing.
    • Convenient loan payments via Maybank website (Maybank2u.com).
    • More than 400 Maybank branches nationwide.
    • Many dealers partner with Maybank nationwide to provide this loan.

    Eligibility Criteria

    The eligibility criteria for Maybank My First Car Loan is mentioned here:

    Preferred Choice Of Profession:

    • Government Officer
    • Teacher
    • Nurse
    • Accountant
    • Engineer
    • Auditor
    • Lawyer
    • Architect
    • Doctor

    Graduates Who Are Employed:

    • You must hold a degree in any field.
    • You must be employed for at least a month and should be drawing a minimum salary of RM2, 500.
    • Your age must be between 21 and 30 years.

    Undergraduates:

    • You should be pursuing a degree in a reputed institution.
    • You should be between 18 - 30 years of age.

    Documents Required

    For New/Unregistered Vehicle:

    • A photocopy of NRIC
    • A copy of the applicant’s driving license
    • Latest 2 months' Salary Slips
    • Latest EA or EPF Statement or a letter of confirmation from the employer
    • Spouse details (for professionals or wherever applicable)

    For Used Vehicle:

    • A photocopy of your NRIC.
    • A copy of your driving license.
    • A photocopy of your Registration Card.
    • Performa invoice of the vehicle.

    How To Apply

    You can fill up the enquiry form available on the Maybank website after which a bank representative will contact you to carry the process forward. Alternatively, you visit the nearest Maybank branch with your query.

    Contact Number

    You can also call the Customer Care Hotline number at 1-300 88 6688 (for Malaysia) and +603-7844 3696 (for overseas).

    FAQs

    Q. I have 9 months of work experience. Do I need a guarantor?

    A. No. A guarantor is required for those who have less than 6 months of employment.

    Q. Can my spouse be a guarantor?

    A. No. Only your parents/sibling can be a guarantor.

    Q. What is the lowest repayment amount available under the plan?

    A. The lowest repayment amount is RM268 a month depending on the approved loan amount and the tenure.

    Q. Can I purchase a used vehicle with this loan?

    A. Yes. You can buy any new/used vehicle with this loan provided you meet the eligibility criteria.

    Q. I am an undergraduate pursuing my studies. Can I apply for the loan?

    A. Yes. Either your parents or siblings can serve as guarantor provided they have a good Central Credit Reference Information System (CCRIS) record.

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