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Kuala Lumpur MRT

Bank Head Office

 

CIMB Bank Berhad  

 

 



 

Updated on: 15 March 2012

No. 6, Jalan Tun Perak
50050 Kuala Lumpur

Tel  : 03-2295 6688

Website : http://www.cimbbank.com.my
 

 

Whether you are intending to buy your dream car or one for your company, CIMB Bank tailored auto financing packages will have you zooming off before long. The Bank's extensive network of branches, cash deposit machines and online payment facility all make it convenient and hassle-free for you.

• Hassle-free with fast processing and approval.
• Attractive and competitive terms of underwriting.
• Pay your car loan conveniently at over 300 CIMB bank branches and Auto Finance Centers, ATMs, and Cash Deposit Machines.
• Conventional and Islamic (Takaful) motor insurance and road tax servicing are also available.
• For CIMB Prime Plan customer, enjoy the following benefits:
• 0.1 Bonus Point for every RM1 financing
• Upgrades existing car financing by 20% from original financing limit every 3 years.
 

 

Hire Purchase FAQs

How much can I borrow from the banking institution?
The margin of financing will depend on your credit standing subject to a maximum of 90% of purchase price or any other lower margin of financing fixed by the banking institution.

What is the minimum deposit required?
The minimum deposit is 10% of purchase price. However, a banking institution may fix a higher amount.

Can I keep the vehicle registration card to enable me to renew my road tax upon expiry?
Generally, banking institutions will keep the registration card until the HP financing has been fully settled in order to prevent any inconveniences that may arise due to damage, misplacement or theft of card. As such for the convenience of their hirers, most banking institutions will provide insurance and road tax renewal services to their hirers.

If you have requested the following services from your hire purchase financier, service charges may applied for:

 • Road tax renewal
 • JPJ ownership transfer
 • Issuance of Release Letter
 • Photocopy of Hire Purchase Agreement and Guarantee Agreement
 • Letter of Consent for:

  - Interchange engine number
  - Interchange registration number
  - Duplicate registration card

 • Redemption Statement

Can I modify the monthly repayment amount if I have financial difficulties?
This is subject to your banking institution’s discretion and you are advised to discuss the matter with your banking institution.

When can my banking institution repossess my motor vehicle?
Under a HP agreement, a banking institution can repossess a motor vehicle after the hirer had defaulted two successive instalments or the final instalment.

Do I still have to pay my monthly instalments if my motor vehicle is stolen?
Yes. This is because your liability to pay the monthly instalment does not cease with the loss of your motor vehicle. However, you may claim from the insurance company, the market value of the insured motor vehicle or the sum insured, whichever is lower.

 

 

 
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