Hire Purchase | Rate & Charges

Subsidiaries

Charges

No.	Type of Charges	Amount
1	Retrieval of documents	RM10.80 (including Service Tax)
2	Photocopy of hire purchase agreement	RM10.80 (including Service Tax) per copy
For new vehicles / imported reconditioned vehicles:
3	Postage charges	RM10.80 (including Service Tax)
4	e-Hakmilik transaction fees for: Registration of Ownership Claim Change Request	RM3.24 (including Service Tax) RM3.24 (including Service Tax)
For used vehicles:
5	Transport charges: Registration and transfer	RM10.80 (including Service Tax)
6	Postage charges	RM10.80 (including Service Tax)
7	e-Hakmilik transaction fees for: Registration of Ownership Claim Change Request	RM3.24 (including Service Tax) RM3.24 (including Service Tax)
Postage charge (debited to the HP account) on issuance of Statutory Notices with effect from 15 March 2022
8	HP Notice Before Court Order Application (NACO)	RM1.40
9	4th Schedule Notice (NOR)	RM3.20
10	Notice To Defaulting Hirer (NDH)	RM3.20
11	5th Schedule Notice	RM3.20
12	14 Days Notice Before Public Auction	RM3.20

Margin of Financing and 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 Maximum Permissible Laden Weight not exceeding 7,500kg)

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 Maximum Permissible Laden Weight not exceeding 7,500kg)

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.