CIMB caters to a wide range of financial needs of individuals. With nearly 1000 retail branches providing banking services across Malaysia, Indonesia, Singapore, Thailand and Cambodia, the bank renders Shariah compliant banking also in Malaysia and Indonesia. Getting CIMB Islamic Bank Car Loan is an easy process if you have all the necessary documents.
At least 18 years old
Less than 70 years old
Salaried or self-employed
with regular income
Earn more than the minimum
Loan capped @
Up to 90% of the ex-showroom price
Installments of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 9 years
|Margin of Finance||Up to 90%|
|Guarantor Requirement||No Info|
CIMB Islamic Bank offers auto finance packages catering to the requirements of its customers. The loans offered by CIMB Islamic Bank are processed very quickly and are easy to apply. With a good network of branches, online payment options and attractive interest rates, CIMB Islamic Bank Car Loans are a convenient option for Malaysians
The finance amount depends on the types of vehicle. CIMB Islamic Bank offers car loans for new passenger cars or a second-hand passenger car. The financing services can be enjoined by Malaysians and non-Malaysians as per the requirement.
You can choose CIMB Islamic Bank Car Loan for your vehicle financing need, because of many favorable reasons. Few of them are listed below:
Easy financing facility – The bank provides easy finance facility based on Shariah principles.
Fast approval- Applicants can get fast processing of the loan application.
Payment options - Easy payments at over 300 CIMB branches and auto financing divisions through online banking, cash payments at branches or ATMs, or by setting up automatic payments via standing instruction.
Other features - Takaful for road taxes and motor coverage, Competitive and lucrative terms of underwriting.
Margin- Financing up to 90% of the value of vehicle
Financing tenure – The loan tenure is up to 9 years (108 months)
The procedure for applying for CIMB Islamic Bank Car Loan is really simple and flexible. You can submit application form along with the required documents like identity proof, address proof, passport size photographs, income documents and bank statements at any of your nearest CIMB branches. The bank has about 300 branches in Malaysia.
Apart from offering Car Loan, CIMB Islamic offers other products and services which include:
CIMB Islamic Bank offers the following car loan scheme - Hire Purchase-i. By opting for this car loan scheme, you can easily purchase the car of your choice.
The Hire Purchase-i is a customized car loan scheme offered by CIMB Islamic Bank to help you purchase both new as well as used cars at attractive rates of interest.
Yes, the bank offer finance up to 90%.
The car loan repayment tenure determined by the bank is 9 years within which you need to repay your car loan.
Yes, you can opt for fixed rates on your CIMB Islamic Car Loan. The bank allows you to choose between fixed and variable rates.
You can repay your CIMB Car Loan by paying the amount in installments.
Yes, you can repay your car loan by using the bank's internet banking facility.
You can visit the nearest branch of your CIMB. Also, you can deposit the amount at ATMs or Cash Deposit Machines, and set standing instructions.
Yes, the bank provides finance for commercial vehicles.
Yes, you will receive finance from CIMB Islamic Bank to purchase a foreign vehicle.
Both salaried, self-employed and public companies can apply for this car loan.
You need to pay RM 10 as Stamp Duty charge.
Yes, you need to pay an amount of RM10.60 as road tax renewal fees.