Pinjaman Peribadi Koperasi dan Bank

Pinjaman Bank

July 18, 2011

RHB Car Loans

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Written by: bridal

Do not have enough money to buy your dream car? With RHB hire purchase car financing option, you can now purchase and own a passenger vehicle. The plan was introduced to offer consumers and private companies who are seeking loans to purchase passenger vehicles from authorized dealers, panel used car dealers and franchised dealers.

RHB car financing hire purchase plan is open to individuals aged between 18 and 55. However, interested applicants below the age of 21 and above 55 years old, you may submit your application as long as you provide a Malaysian guarantor. These applicants can also apply without naming a guarantor if they are financially sound. Applicants must be a Malaysian with a monthly salary of at least 3 times more than the monthly hire purchase installment.

Meanwhile, private companies who are interested in the hire purchase plan must ensure that the monthly installments are below 33 percent of their monthly estimated profit from the business. The place of incorporation must be within Malaysia. Applicants must have sufficient income to fulfill the current liabilities. For those who are offering a hire-purchase facility to private limited companies, bear in mind that it is a must to have a Director’s personal guarantee and it must be referred to the next level for consideration.

The payment period for this car loan package can be extended up to 9 years. RHB bank may grant the financing amount up to 90 percent. Applicants must have a guarantor to secure the car loan. Guarantors are only needed if the applicants/hirer such as student and housewife do not have stable income and repayment of monthly installments set more than half of hire’s income. If the hirer is a corporation, then the director or principal partner must act as guarantors.

Hirer or applicant can purchase any models of new vehicles, models of unregistered reconditioned vehicles between one to five years, models of used vehicles between one to five years and other special cases approved by the bank. Before handing in the application form, ensure that you prepare all the documents needed – photocopy of identity card for both applicants and guarantor, the latest salary slips, photocopies of the last 3 months’ bank statements, photocopy of applicant’s driving license, latest EA form and B/BE form.

On the other hand, limited companies must submit certified true copy of memorandum and articles of association, certified true copy of Form 24 and Form 49 (contains information on shared issues, authorized share capital, names and details of directors and secretaries of the company), certified true copy of the extract of Director’s Resolution, photocopy of Certificate of Incorporation and Certificate of Commencement of Business, the latest copies of audited accounts, latest three months’ bankers statements as well as photocopy of guarantor’s identity card.

Partnership and proprietorship companies have to submit additional documents to support the application – photocopy of Certificate of Business registration and Borang D, partnership agreement, latest copies of Financial Accounts, latest three months’ bankers statements and photocopy of sole proprietor/partners’ identity card.