You may have just tied the knot, and are planning to purchase a dream home to raise your family. Or you may have reached a point in your career when you're thinking of getting your dream car. Perhaps you need extra funds to help your child pursue an overseas education.
No matter what your dreams, you'll find that Public Bank has the right loan product to help you finance it.
And to ensure that you have access to the necessary funds as quickly as possible, our ISO 9001:2000 certified process ensures speedy loan approval.
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| Hire Purchase |
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Whether you are pining after a chic speedster for yourself or looking for a lorry to make deliveries, we have just the right vehicle financing package for you.
Your mobility is our priority. Therefore, we've put our Hire Purchase plan together to allow you to drive off comfortably knowing that you:
- Will save more thanks to our competitive interest rates.
- Can afford to stretch your ringgit by paying a low deposit.
- Can enjoy a flexible repayment period of up to 9 years.
- Can enjoy the convenience paying your instalments through our multi delivery channels or at any of the branches in our extensive network.
- Will enjoy an attractive margin of financing.
Hire Purchase
Margin of Financing and Maximum Duration
| Passenger Vehicles |
|
Age of Vehicles |
Maximum Margin of Financing |
Maximum Duration |
|
New |
Up to 90% |
Up to 108 months |
|
Up to 3 years |
Up to 90% |
Up to 108 months |
Above 3 to 8 years |
Up to 90% |
Up to 84 months |
|
Above 8 to 10 years |
Up to 85% |
Up to 72 months |
|
Above 10 to 12 years
|
Up to 80% |
Up to 36 months |
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| Commercial Vehicles (with BDM not exceeding 5000kg) |
|
Age of Vehicles |
Maximum Margin of Financing |
Maximum Duration |
|
New |
Up to 85% |
Up to 84 months |
|
Up to 8 years |
Up to 80% |
Up to 60 months |
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| Commercial Vehicles (with BDM exceeding 5000kg) |
|
Age of Vehicles |
BDM (kg) |
Maximum Margin of Financing |
Maximum Duration |
New |
Above 5,000 to 10,000 |
Up to 80% |
Up to 60 months |
|
New |
Above 10,000 |
Up to 75% |
Up to 60 months |
Up to 5 years |
Above 5,000 to 10,000 |
Up to 75% |
Up to 48 months |
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Up to 5 years |
Above 10,000 |
Up to 70% |
Up to 48 months |
- Terms & Conditions apply
- Public Bank Berhad reserves the right to vary the terms & conditions at our absolute discretion.
Minimum Income Documents Required for Individual Applicants
| A) Employed |
- Latest 3 to 6 month payslips
or
And one of the following:
- EPF Statement (latest not more than 1 year)
or
- Latest Tax Returns and Tax Receipts
or
- Employment Letter/ Employer confirmation
or
- Latest 3 months Current Account Statement/ Savings Account Passbook or Statement
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| B) Self-Employed |
- Latest 1 year Tax Returns and Tax Receipts
or
- Latest 6 months Current Account Statement/ Savings Account Passbook or Statement
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| Any additional income documents may be required at the absolute discretion of the Bank. |
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