Muamalat Auto-Grad Scheme
Graduates, kick-start your career with the vehicle of your dreams! With up to 100% margin of financing, Auto-Grad enables you to own a vehicle without a hefty down payment, allowing vehicle ownership earlier in your career. Plan your commute sooner and chase your ambitions behind the wheel of your dream car with the comfort of affordable and convenient financing!
Package Name
Muamalat Auto-Grad Scheme
Shariah Concept
- Al-Ijarah Thumma Al-Bai’
- Murabahah to the purchase orderer
Eligibility of Customer
- Graduate Qualifications: Must possess minimum qualification of diploma
- Minimum Monthly Gross Income: RM1,500
- Age of Entry: Minimum of 20 years old and maximum of 35 years old (application is within 5 years from date of graduation)
- Nationality: Open to Malaysians
Margin of Financing
Up to 100%
Type of Car
New Car only
Tenure
Up to 9 years
Profit Rate
Flat Rate
Advance Payment
- Private Employees – 2 months advance payment
Minimum Documents Required
- Photocopy of MyKad (front and back)
- Photocopy of Driving License (front and back)
- Latest 1 month payslip
- Latest 1 month payslip
- Employment offer letter/Employment Confirmation letter
- Photocopy of Diploma/Degree/Transcript/Final examination result upon application
*Note: BMMB reserves the rights to request for additional documents
Qualifications
Minimum diploma level from educational institutions recognized by Malaysia Qualification Agency (MQA) / Department of Higher Education, Ministry of Higher Education Malaysia.
