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.
The eligibility criteria for Maybank My First Car Loan is mentioned here:
Preferred Choice Of Profession:
Graduates Who Are Employed:
For New/Unregistered Vehicle:
For Used Vehicle:
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.
You can also call the Customer Care Hotline number at 1-300 88 6688 (for Malaysia) and +603-7844 3696 (for overseas).
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.