Procedure for Car Loan

               Here is the car loan procedure and the required document for you to buy a new car or a used car from the car seller. You must have Driving License, Pay slip.

Refer your car seller about the Loan approval for hire purchace agreement and car registration. You can check the latest plate number and choose your own desired car registration number.

REQUIRED DOCUMENT FOR LOAN
 

Application (Copy)

Applicant:

1) Identity Card
2) Driving License
3) Pay slip (3 Month Latest)
 

Supporting Document (if Any):

1) Bank Statement (6 Month Latest)
2) EPF Statement
3) Offer Letter
4) Certificate/Diploma/Degree

Guarantor: (If Required by Bank)

1) Identity Card
2) Pay slip (3 Month Latest)

Applicants are encouraged to submit all document needed support by extra
documents in order to get better interest rate and approval chances…

Here is the procedure and steps or flow when you buy a new car:

1) Choose a model 
2) Contact car seller, arrange for appoinment
3) Ready all required documents
4) Appointment with consultant at your door step
5) Documents submitted for loan processing (1 – 2 working days)
6) Interview by bank (1 – 2 working days)
7) Loan approval by bank manager (1 – 2 working days)
8) Hirer sign hire purchace agreement (one working day)
9) Chasis num & etc... process (1 – 2 working days)
10) Car allocation from showroom / headquarters (1 – 2 working days)
11) Car registration (one working day)
12) Car delivery to hirer