Financial Institutions in Malaysia Offer Hire Purchase Facilities (Car Loan)

Buying a car under hire purchase (HP) is one of the most common ways to own a car. 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.

The following is a list of financial institutions offer car loan:

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