Bank Muamalat Hire Purchase

Buying a motor vehicle under hire purchase (HP) is one of the most common ways to own a vehicle in Malaysia. HP is the hiring of goods with the option to buy the goods at the end of the hire purchase term. If you take on HP financing, you are the hirer and financier is the owner.

As a hirer, you will have to repay the financier based on the agreed duration while you have possession of the vehicle. When all the instalments are paid up, ownership is then transferred to you.

In Malaysia, only local banks are allow to provide personal hire purchase (car loan) businesses. Bank Muamalat is one of local bank that offer competitive hire purchase packages in market.

Bank Muamalat Berhad HQ Contact Information
Ibu Pejabat, Menara Bumiputra 21 Jalan Melaka 50100 Kuala Lumpur Tel: +603 2698 8787 Call Centre/Customer Service: Tel: 1300-88-8787 (Local) Tel : +603 2600 5500 (Overseas) SWIFT Code: BMMBMYKL Website: www.muamalat.com.my

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