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Vehicle Financing
Vehicle Financing- i is based on the Bai´ Bithaman Ajil (BBA) contract method of sale with deferred payment, to ease your burden while owning your dream car.
CODE OF ETHICS
FEATURES
Margin of financing
- Up to 90% for national and non-national models
Payment period
Financing Rate
Security deposit
Eligibility
- Citizen/non citizen
- 18 years and above
Documents required
- Copy of Identity Card
- Latest 3 months salary slip
- Employment confirmation letter
- B/EA Form
- Latest EPF Statement
- Driving license
BENEFITS
- Selling price - known and easy to plan for the future
- Opportunity to get a return of about 25% per year* on motor takaful
- No other/extra charges
- Fast approval
SKIM BANCATAKAFUL KENDERAAN-i (SBK)
Now you can apply or renew your motor takaful with SKIM BANCATAKAFUL KENDERAAN (SBK) at all our branches and Bank Islam Automobile Financing Centres nationwide, and enjoy the following benefits:
- Takaful protection to the personal vehicle from any accident damage or loss and third party liability
- Mudharabah (Profit Sharing) on the takaful contributions paid if no claims are incurred within period of cover
- No Claim Discount (NCD) given upon renewal, if there have been no claims during the previous policy year
AUTOMOBILE FINANCING TAKAFUL PLAN
The AUTOMOBILE FINANCING TAKAFUL PLAN is also available at Bank Islam to cover the individual's financing amount with the bank. In the event of total permanent disability (TPD) or death, the balance financing outstanding will be settled with the bank.
* Terms and conditions apply
The above information is correct on the date of printing
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