UMW Toyota Motor Sdn Bhd has arranged with Bank Rakyat to offer special financing packages for buyers of Toyota and Lexus. These attractive financing deals offer up to 100% financing to eligible Malaysians, from 18 – 65 years old.
These financing packages follow the Islamic financing principles and consist of two types of financing options. An-Naqlu 1 offers 90% financing and follows the Shariah concept of Al Ijarah Thumma Al-Bai’ (AITAB). Meanwhile, An-Naqlu 2 offers 100% financing and follows the Shariah concept of Tawarruq. The financing packages allow the customer to repay over a period of between 4 to 9 years.
There is a financing scheme under An-Naqlu 1 (AITAB) exclusively for senior citizens. These scheme is open for those who will still be below 65 years old at the end of the financing period. Moreover, they will need to transfer their pension to a Bank Rakyat savings account.
Further, customers between the ages of 18 to 60 years old can now enjoy zero down payment to own a Toyota or Lexus vehicle (subject to terms and conditions) under the An-Naqlu 2 scheme.
There is also a special Graduate Scheme available with zero down payment to graduates aged 20 – 30 years old. You need to be at least a Diploma holder and are currently employed for at least 3 months. For those with less than 3 months of employment, a guarantor is required for the approval process.
These financing packages have been worked out to allow consumers to take advantage of the sales tax exemption on new car purchases. “We are always looking to work with our business partners to provide affordable ownership solutions to our customers. Bank Rakyat offers special scheme to help different customer groups to own a brand-new Toyota and Lexus vehicle.” said Ravindran K., President of UMW Toyota Motor.
The ‘BR Malaysia 2.0’ special promotional rate for these financing schemes offers is valid until 30 September 2020.