Excited to take the leap in owning your motorvehicle?

Discover our range or vehicle financing packages that caters to your needs. Enjoy a hassle-free loan application process, flexible repayment plans, competitive interest rates and more.

Your mobility is our priority. Therefore, we've put our Hire Purchase plan together to allow you to drive off comfortably knowing that you:

  • Will save more, thanks to our competitive rates
  • Will enjoy an attractive margin of finance
  • Will save time and hassle through our speedy approval process
  • Can enjoy a flexible repayment period up to 9 years
  • Can enjoy the convenience of paying your installments through our multi delivery channels or at any of the branches of our extensive network
  • Can enjoy the convenience of paying your motor insurance and renewal of road tax at any of the branches / HP Centres / HP Hubs
Hire Purchase Margin of Financing & Maximum Duration

Passenger Vehicles

Age of Vehicles Maximum Margin of Financing Maximum Duration
New Up to 90% Up to 108 months
Up to 5 years Up to 90% Up to 108 months
Above 5 to 8 years Up to 90% Up to 84 months
Above 8 to 9 years Up to 90% Up to 72 months
Above 9 to 10 years Up to 90% Up to 60 months
Above 10 to 12 years Up to 75% Up to 36 months

Commercial Vehicles (with BDM not exceeding 7500kg)

Age of Vehicles Maximum Margin of Financing Maximum Duration
New Up to 85% Up to 84 months
Up to 8 years Up to 80% Up to 60 months

Commercial Vehicles (with BDM exceeding 7500kg)

Age of Vehicles Maximum Margin of Financing Maximum Duration
New Up to 70% Up to 60 months
Up to 5 years Up to 65% Up to 48 months

* Terms & Conditions apply

*Public Bank Berhad reserves the right to vary the Terms & Conditions at our absolute discretion.

Minimum Income Documents Required for Individual Applicants

A) Employed

  • Latest 3 to 6 month payslips or Latest EA Statement

      And one of the following:

  • EPF Statement (latest not more than 1 year).
  • Latest Tax Returns and Tax Receipts.
  • Employment Letter/ Employer confirmation.
  • Latest 3 months Current Account Statement/ Savings Account Passbook or Statement.

B) Self-Employed

Latest 1 year Tax Returns and Tax Receipts or latest 6 months Current Account Statement/ Savings Account Passbook or Statement.

Any additional income documents may be required at the absolute discretion of the Bank.

Hire Purchase Decreasing Term Assurance

You may have just taken up a vehicle loan with Public Bank and now need an insurance plan to cover the loan should the “if” happens to you. Or you may be searching for an income protection plan that will take care of your family when you are no longer around or not able to earn a living. And how about investing in a plan which is able to generate higher potential return and at the same time provides insurance coverage. Whatever your needs are, at Public Bank we have a varied range of insurance plans which are underwritten by AIA Bhd to cater for your protection needs.

So call our Toll Free Number at 1-800-22-9999 to find out more!

Hire Purchase Decreasing Term Assurance (HPDTA)

When you embark on a major investment such as buying a car via a hire purchase, it will only become yours after all the instalments are settled. Until that happens, the bank will remain the owner of the vehicle.

You therefore want to ensure that instalments are paid promptly so that you eventually possess 100% ownership of the vehicle. In case of unforeseen circumstances such as death or permanent total disability, paying instalments might become impossible. When this happens, the ownership of the vehicle remains with the bank and your family members will have to pay off the remaining outstanding amount financed, further straining their financial commitment.

What Are The Benefits?

  1. Be Worry Free
    Enjoy the benefits of this investment knowing that the hire purchase is now protected.
  2. Settlement of Outstanding Amount Financed
    In the event of death or permanent total disability, your sum insured will be used to settle your outstanding amount financed. If there is any balance, it would be payable to your nominee(s).
  3. Personal Assets
    Your family will not have to reach into their own savings in order to take over the hire purchase.
  4. No Litigation Issues
    Free your loved ones from litigation issues relating to default payment of instalments.
  5. Premium Payable Once Only
    No more burden to pay premiums! Premium is paid once to enjoy coverage for the whole hiring period.

What HPDTA doesn’t cover?
Examples of the events not covered by the HPDTA include:

  1. For Death: Suicide committed within six (6) months from the effective date of insurance, whether sane or insane.
  2. For Permanent Total Disability: Attempted suicide while sane or insane and whether felonious or not, self- inflicted bodily injury, disorderly conduct or deliberate exposure to unnecessary danger; or injuries sustained while engaging in hunting, mountaineering, aviation (except as a fare-paying passenger on a commercial airline), naval, military or aeronautical service, or racing (other than foot-racing) of any kind; or existing conditions at the effective date of insurance under the Master Policy.
  3. And other standard exclusions.

The description, benefits, exclusions, terms and conditions described above have been summarized and are not exhaustive. Details of more complete terms, conditions and exclusions are available in the Certificate of Insurance.

To find out more, call us now at toll free number 1-800-22-7777 or visit any of our branches for more information!

This plan is underwritten by AIA Bhd. licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia to transact life and general insurance business.

Contact Details: AIA Bhd. (790895-D) Menara AIA, 99 Jalan Ampang, 50450 Kuala Lumpur, P.O. Box 10846, 50927 Kuala Lumpur

Distributed by:

Code of Ethics on Repossession


  1. Permit holders must possess valid repossession agent permits (EPS Permit) when carrying out repossession of vehicle or goods activities
  2. Permit holders must obtain permission from the hirers before entering private premises.
  3. Permit holders must be smartly dressed and act professionally when carrying out repossession of vehicle or goods activities.
  4. Permit holders are prohibited from using any forceful or aggressive act during the repossession process.
  5. Permit holders are prohibited from being involved in any crime, bribery or misuse of power directly or indirectly with any parties involved in the repossession of vehicle or goods activities.
  6. Only permit holders directed by the owners as stated under the Repossession Order are allowed to carry out repossession of vehicle or goods activities.
  7. Permit holders must not misuse their permit for self-interest other than carrying out repossession of vehicle or goods activities.
  8. At the time when repossession activities are being carried out, permit holders must:
    1. Produce their EPS Permits, National Registration Identity cards and Repossession Order issued by the owner.
    2. Give reasonable time to the hirer to inspect and remove his personal items and belongings.
    3. Take photographs of the interior and exterior of the motor vehicle or goods and provide the photographs to the owner.
    4. Issue inventory list to state the condition of the motor vehicle or goods during the repossession activities.
  9. Permit holders are not allowed to enter private premises unless with a Court Order.
  10. Permit holders must lodge police report on the repossession within 24 hours after the repossession process is completed, but in exceptional circumstances, not later than 48 hours from the time of repossession.
  11. Permit holders are bound by the laws, regulations, terms and conditions, code of ethics and guidelines issued by the Controller in the performance of their repossession activities.
  12. Permit holders should observe any other Code of Ethics or Guidelines issued by the Controller from time to time.
Rates & Charges

Click here to view more Rates & Charges

More from Loan

5HOME Plan

5HOME Plan gives you the flexibility of choosing from a wide range of different home financing packages, depending on your financial needs.


Whether it is funds for renovations, investments to grow your wealth, or your child’s education, our Mortgage Refinancing Plan can cater for these needs.


Financing or refinancing of commercial properties


Draw cheques in excess of the funds that are available in your current account


If you are a Public Mutual Unit Trust holder, you can pledge your funds as collateral to obtain additional financing for your personal use.