Get your first car when you graduate

 Gradhitz Vehicle Financing-i.
With 100% financing, for up to 9 years.

You’ve worked hard, now its time to reward yourself with a brand new car. So take advantage of our 100% financing at a really affordable rate as well as our flexible repayment period. And you’re all set for the road to success.

FEATURES

Margin of Financing
  • Up to 100% of the OTR price for national, non national, and unregistered reconditioned models
Financing Period
  • Up to 9 years
Financing Rate
  • Please contact our nearest Automobile Financing Centres for the latest rates offered.
Eligibility
  • Age of applicant between 20-30 years old
  • Shall be a graduate with a minimum qualification of Diploma from accredited universities/higher learning institutions
  • Status of employment shall be on permanent or contract basis for an employee in any of the following:-
  1. Government and Semi Government sector
  2. Selected Public Listed Companies
  3. Government Link Companies (GLC)
  4. Other prominent Private Limited Companies as categorized under package companies listed by Bank Islam
Documents Required
  1. Photocopy of Identity Card (front and back)
  2. Photocopy of valid driving licence
  3. Photocopy of scroll or transcript
  4. Photocopy of latest 3 months’ salary statements; and
  5. Copies of latest 3 months’ bank statements (salary crediting account) ; or
  6. Latest EPF statements/EA Forms
  7. Other supporting documents as may deemed necessary and acceptable by the Bank for additional income support documents
Benefits
  • High margin of financing - up to 100% of the OTR price
  • Competitive rates offered
  • Selling price : fixed and known
  • No hidden or extra charges imposed
  • Ibra’ on full settlement of the financing before its maturity
  • Fast approval
Ta’widh (Compensation)
  • It is hereby agreed that the Customer shall pay the Bank, by way of Ta’widh (compensation), a sum equivalent to one per centum (1%) per annum of the overdue instalment(s) until date of full payment and/or settlement thereof or a sum equivalent to the prevailing Islamic Interbank Money Market Rate of the Bank’s ‘r’ rate (i.e. the gross dividend rate for the 12-months investment account) on the balance principal amount outstanding upon maturity date or the expiry of the Facility(ies) PROVIDED ALWAYS that the abovesaid Ta’widh rates may be varied by the Shariah Advisory Council of Bank Negara Malaysia or the Shariah Supervisory Council of the Bank from time to time and upon receipt of notice on the variation thereof, the Ta’widh shall be applied in such manner as approved by the Shariah.
General
  • Approval is based on the applicant’s personal and legal capacity, credit character, past payment patterns, and Bank Islam Malaysia Berhad (Bank Islam) requirements.
  • Application shall be processed within the acceptable turn-around time if all documents required are submitted in full subject to terms and conditions imposed.
  • All terms and conditions are subject to the financing guidelines by Bank Negara Malaysia and Bank Islam Malaysia Berhad.


 * Terms and conditions apply

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