Muamalat Vehicle Financing-i (MPO)
We offer vehicle financing facilities tailored to your specific needs!
This product is structured based on Shariah contract of Murabahah to the Purchase Orderer (MPO). MPO arrangement involves the combination of Wa`d Mulzim (binding promise), Wakalah (Agency), and Rahn.
Your choice for Shariah compliant and hassle-free vehicle financing. Enjoy up to 100% financing on your vehicle purchase with the security of our flat rates.
Package
Standard Vehicle Financing Package
Eligibility of Customer
Minimum Monthly Gross Income:
- RM 1,500
Age of entry:
- Minimum of 18 years old and maximum of 70 years old (must not exceed age 75 years old upon maturity)
Nationality:
- Open to Malaysians and foreigners
Margin of Financing
100%
Types of Car
New, Used and Unregistered Reconditioned car, Pre-owned
Financing Tenure
Up to 9 years
Profit Rate
Flat Rate
Minimum Documents Required
- Photocopy of MyKad (front and back)
- Photocopy of Passport (foreigners)
- Photocopy of Driving License (front and back)
- Latest 3 month’s salary slip
- Latest 3 month’s bank statement
*Note: BMMB reserves the rights to request for additional documents
