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AmBank (M) Berhad  




Updated on: 15 March 2012

Arab Malaysian Credit Berhad
Mezzanine Floor
No 34, Jalan SS2/61
47300 Petaling Jaya

Tel  : 03-7874 1251 / 9459 / 9037
Fax : 03-7875 2381

Website :


After you have selected the car of your choice, ask your car dealer for AmBank Hire Puchase (Car Loan) options or go to the nearest AmBank branch.

Why AmBank Hire Purchase

• No.1 Car Financier in Malaysia
• Complete Auto Solutions
• Fast loan approval
• Over 3,000 appointed car dealers
• Easy repayment via Internet Banking or Electronic Banking Centres nationwide.
• 90% car financing for up to 9 years.


1. Identification card and driving license.
2. Latest income documents ie. 3 months salary slip, Form J and EA form.
3. Bank statement or savings passbook.
4. For new car purchases, you need a car dealer’s quotation.
5. For used car purchases, you need the car registration card.

Fixed rate financing comes with fixed interest rate, fixed repayments amount and fixed repayment term. This means there will be no change to your repayment during the term of your loan so you can manage your finances with confidence. Fixed rate financing tends to have higher interest rate than variable rate financing because the Bank is not protected against any rise in funding costs, but you as the customer have the comfort of knowing that the rate and repayment will not vary over the period of financing.

AmAuto Cruise is hire purchase based on variable rate calculation, which means that the facility term charges are calculated based on the Base Lending Rate (BLR)/Base Financing Rate (BFR) for the entire facility tenure. You can decide whether to maintain or revise your monthly instalment amount should the rate change. This provides greater savings and flexibility.


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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