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.

Documents required for Loan Processing

Individual 

Documents required:-   

1.  Copy of MyKad & Driving Licence 

2.  Income Documents: 

     Fixed income earners 

     a. Latest income documents i.e. 3 months salary slip, EA form, income tax confirmation receipt, EPF statement 

     Variable income earners 

     a. Latest income documents i.e. commission statements, income tax confirmation receipt, EPF statement 

     b. Bank Statements or savings account passbook (Latest 6 months period) 

3.  For new vehicle financing: vehicle sales order (VSO) 

4.  For used vehicle financing: vehicle registration card 

     *  For Foreign applicants, a local guarantor is required 
   
   
Non - Individual   

Documents required:-   

Limited companies

1.  A certified true copy of Memorandum & Article of Association, Form 24 and Form 49 

2.  Copies of Audited Accounts for the past three years  

3.  A certified extract of the Director’s Resolution  

4.  Bank Statements (Latest 6 months period) 

Partnerships or Sole Proprietorship   

1.  Certificate of Business Registration 

2.  Copies of Audited Accounts for the past three years  

3.  Bank Statements (Latest 6 months period) 

4.  Partnership deed on borrowing (if required) 

Guarantors (Directors guarantee required for Ltd company)  

1.  Copy of MyKad 

2.  Latest 3 months salary slip or other income evidence  

     (e.g. Bank Statement (Latest 6 months period), EA form, income tax confirmation receipt, EPF statement)