Perodua And Maybank Islamic Introduce Malaysia’s First Shariah-Compliant Agility Financing Plan

Perodua has partnered with Maybank Islamic Berhad to launched the country’s first Shariah-compliant agility financing plan, offering Malaysian car buyers more flexibility and affordability in vehicle ownership.

Called the Perodua Flexiplan, the scheme is powered by Maybank Islamic myimpact Drive Financing-i and marks a first for both companies. It is designed to make car ownership more accessible while allowing customers to upgrade or retain their vehicles with minimal hassle.

Under the plan, you enjoy a competitive Murabahah Vehicle Term Financing arrangement over an initial 5-year term, resulting in lower monthly payments. At the end of the term, you have the option to:

• Sell your vehicle back to Perodua which promises to offer a competitive buy-back price that can be used to offset the downpayment for a new Perodua replacement vehicle on a new 5-year tenure.

• Retain your vehicle at the end of the 5-year term by settling the outstanding balance, or extend the financing period for up to 4 more years with a revised payment plan.

The Perodua Flexiplan is available for 4 models — the Myvi, Axia (excluding Axia E), Ativa, and Aruz. 

“Today, both Perodua and Maybank Islamic broke new ground as we join forces to offer the best possible financing package with ensures everybody wins; Perodua, Maybank Islamic and, especially our valued customers,” Perodua President and Chief Executive Officer, Dato’ Sri Zainal Abidin Ahmad said.

“We believe that with the backing of Malaysia’s biggest bank combined with the trust that we have earned from Malaysians; the Perodua Flexiplan will be well accepted,” he added.

Maybank Group CEO, Community and Financial Services, Syed Ahmad Taufik Albar, said the initiative reflects Maybank’s values-based approach to banking. “We are proud and excited to provide this innovative approach to all Malaysians alongside Perodua – one that addresses the preferences of modern car buyers and empowers our customers with flexible ownership choices,” he said.

The plan complements Perodua’s existing Shariah-compliant offerings, including Perodua Total Protect Plus comprehensive takaful (underwritten by Etiqa) which comes with an additional RM5,000 special peril coverage, as well as Credit Reducing Term Takaful for added protection. 

By integrating competitive financing with flexible trade-in and ownership options, Perodua and Maybank Islamic aim to set a new benchmark for Shariah-compliant vehicle financing in Malaysia, catering to evolving customer needs while promoting financial well-being.

Please refer to any authorised Perodua sales advisor and Maybank branches nationwide for more details on the Perodua Flexiplan’s and Maybank Islamic myimpact Drive Financing-i terms and conditions.