GradONE Bank Islam

Vehicle Financing-i GradHitz is based on Murabahah (Murabahah to the Purchase Orderer “MPO”), Customer can enjoy 100% financing at a really affordable rate as well as our flexible repayment period.

 

Features

Margin of Financing : Up to 100% of the OTR price for national, 

non-national, and unregistered reconditioned models

 

Financing Tenure : Up to 9 years Financing 

 

Rate Vehicles Rates

National Vehicles : From 2.50% to 3.30% per annum
Non National Vehicles : From 2.50% to 3.30% per annum 

 

 Eligibility

 

• Age of applicant between 20-30 years old

• Shall be a graduate with a minimum qualification of Diploma from accredited universities/higher learning institutions

• Status of employment shall be on permanent or contract basis for an employee in any of the following:-

  • Government and Semi Government sector

  • Selected Public Listed Companies

  • Government Link Companies (GLC)

  • Other prominent Private Limited Companies as categorized under package companies listed by Bank Islam

• Fixed income earner

 

 Documents Required

 

1. Photocopy of Identity Card (front and back)

2. Photocopy of Valid Driving License

3. Photocopy of Scroll or Transcript

4. Photocopy of Latest 3 months Salary Slip; and

5. Copies of latest 3 months Bank Statement (Salary Crediting Account); or

6. Latest EPF Statements/EA Forms

7. Other Supporting Documents as may deemed necessary and acceptable by the Bank for additional income