Maybank 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. Maybank is one of local bank that offer competitive hire purchase packages in market.

Maybank Berhad HQ Contact Information
Menara Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur Malaysia Tel : +603 2070 8833 Fax: +603 2070 2611 SWIFT Code: MBBEMYKL Website: www.maybank2u.com.my

Financial Institutions