CAR LOAN PROCEDURE – REQUIRED DOCUMENT CAR FINANCING – HOW TO BUY A NEW CAR / USED CAR – Pinjaman kereta

malaysia auto loan

CAR LOAN PROCEDURE – REQUIRED DOCUMENT – HOW TO BUY A NEW CAR / USED CAR

Here is the car loan procedure and the required document for you to buy a new car or a used car from the car seller. You must have Driving License, Pay slip and Guarantor to get better interest rate for car loan in Malaysia. Procedure To Appy Loan & To Buy A Car in Malaysia is a bit complicated. To make it easier for you, refer to your car seller about the Loan approval for hire purchace agreement and car registration. You can check the latest plate number and choose your own desired car registration number in Malaysia. ”Pinjaman kereta” by Ambank Hire Purchase Car Financing is a better choice. Also check out the Islamic based financing for your car.

Required Document for Loan
 

Application (Copy)

Applicant:

1) Identity Card
2) Malaysian Driving License
3) Pay slip (3 Month Latest)
 
Supporting Document (if Any):

1) Bank Statement (3 Month Latest)
2) EPF Statement
3) EA Form
4) Offer Letter
5) Certificate/Diploma/Degree
 
Guarantor: (If Required by Bank)
 
1) Identity Card
2) Pay slip (3 Month Latest)
 
Applicants are encouraged to submit all document needed support by extra
documents in order to get better interest rate and approval chances…

Procedure To Appy Loan & To Buy A Car

malaysia car loan

Here is the procedure and steps or flow when you buy a new car in Malaysia:
1) Buyer choose model
2) Contact car seller, arrange for appoinment
3) Ready all required documents
4) Appointment with consultant at your door step
5) Documents submitted for loan processing (1 – 2 working days)
6) Interview by bank (1 – 2 working days)
7) Loan approval by bank manager (1 – 2 working days)
8) Hirer sign hire purchace agreement (one working day)
9) E-perolehan and chasis no process (1 – 2 working days)
10) Car allocation from showroom / headquarters (1 – 2 working days)
11) Car registration (one working day)
12) Car delivery to hirer

CHECK THE LATEST PLATE NUMBER IN EACH STATE IN MALAYSIA HERE

logo jpj

For Car Financing, Ambank Hire Purchase is the no.1 Car Financier in Malaysia with fast loan approval. It consist of 3,000 appointed car dealers with complete auto solutions. Ambank offers a 90% car financing for up to 9 years with easy repayment via Internet Banking or Electronic Banking nationwide.

For Car Refinancing, Ambank offers additional cash to ease cash flow. Cash can be unlocked without creating additional liability to settle financial woes and name still remains on JPJ registration card. Refinancing with Ambank also will ensure enjoyment of current Insurance NCD. There is also opportunity to switch to lower profits rates. Lastly, Ambank offers an alternative to re-package existing loan to Islamic based financing.

malaysia car financing

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kdi

Team KDI suka berkongsi info, tips, gambar kereta modified, bodykit dijual terkini, trend DIY modifikasi. Forum bincang mengenai masalah kereta, cara repair sendiri dengan harga murah dan panduan kepada pembeli dan pemandu. ====================== Kategori hangat kereta dot info: + LATEST NEW CAR SPECIFICATION & VS COMPARISON + MODIFIED CAR + BODYKIT IMAGES GALLERY + TIPS + DIY + TANYA KERETA + MONTHLY BEST DEAL + PROMOTION + AUTOSHOW + EVENTS UPDATE ====================== Barang kereta terhangat: + Body kit, skirting, bumper, grille, spoiler, engine performance, sport rim, tayar ====================== Topic hangat: + Fuel consumption km/l, problem, service, test drive, review, price RM, kelab, kedai kereta ====================== Kereta baru terhangat: + Saga BLM FLX SE, Myvi 1.3 1.5 SE, Viva, Alza, Exora, Preve, Vios, City, Civic, Corolla Altis, Camry, Accord, Hilux, Livina, Triton, D-max, Inspira lancer GT ====================== Pecah fiber pecah gelas, sudah baca harap komen dibalas. Terima kasih! =)

13 Responses

  1. smithernesto says:

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  2. mumui says:

    hi i need to know the tables as according to monthly salary what is the max amount one can apply/get.

  3. azameel says:

    the rules of thumb for the max amount is,
    your monthly repayment is less than 1/3 of you basic sallary,
    but this is just a rough estimation

  4. Simon says:

    hihi.. i just wana ask if d bank reject our loan. so usualy when they will inform us ?? 1 day or 2 day ?? or after 1 week ? thank ..

  5. aim says:

    simon,
    it’s depend on how frequent your SA followup with bank officer …

    myself hv xperienced where today submitted docs, tomorrow rec call from SA asked to go to bank to sign docs … not even got interview by bank …. wat a superb SA … huhuuu

  6. kdi says:

    Simon,

    Basically it will take around 1 week for them to respond. If late more than one week, you must push your SA. Contact him to know the status. But if you have a very good SA, the respond will be around 1-3 days only.

  7. NiTRO-[X] says:

    Hi kdi,

    I’m getting a 2nd hand car from a buyer directly. I’ve signed the Hire Purchase Agreement and awaiting response from the bank to settle the seller’s pending loan. Would you know anyone at the bank I can speak to in regards to my current loan status?

  8. kdi says:

    Hi,

    i am sorry we dont have any contacts of any bank personnel

  9. NiTRO-X says:

    ic, anyhow.. thank you for your prompt reply kdi.

  10. Can I add some reminder?

    Here is the procedure and steps or flow when you buy a new car in Malaysia:
    1) Buyer choose model
    2) Contact car seller, arrange for appoinment
    3) Ready all required documents
    4) Appointment with consultant at your door step
    5) Documents submitted for loan processing (1 – 2 working days)
    6) Interview by bank (1 – 2 working days)
    7) Loan approval by bank manager (1 – 2 working days)
    8) Hirer sign hire purchace agreement (one working day)
    9) E-perolehan and chasis no process (1 – 2 working days)
    10) Car allocation from showroom / headquarters (1 – 2 working days)
    11) Car registration (one working day)
    12) Car delivery to hirer

    After car delivery, check the whole car for any scratch or defects. Don’t accept the car before you are fully satisfied with the car. If any defects found, ask the person to repair.

  11. saiful says:

    i really need loan to buy a used car.. but, im working on a contract based.. basically, i dont have any payslip.. i just have a pay voucher.. came along with the check.. so, how do i make a loan? i really dont like this unfair requirement.. i have money what..

  12. kdi says:

    Saiful,

    your case, same with me.. have money but no proof.. hik2.. anyway, you can try to find someone with big salary in her/his payslip to be your guarantor and try to find a good car dealer that may sincerely help you. in some cases, they will accept if you have a proper documentation even if you work on your own with contract based. Just try and try again and i believe one day you’ll get one of your dream car like me. =)

  13. faiross says:

    dekat 2 mggu sya tggu. .bank sudah call tpi pending aprove. .klu xllus bagi tau la. .jgn buat org trtggu. .

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