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 Hire Purchase

Total peace-of-mind experience providing you.

  • Hassle free financing with fast processing & approval
  • Easy loan repayment via Alliance Bank eLobby self-service terminals (ATM / CDM / CES) or at any Alliance Bank Branch available nationwide
  • Attractive terms up to 90% margin of financing
  • Competitive interest rates
  • Convenient motor insurance & road tax renewal services


MARGIN OF FINANCING AND MAXIMUM DURATION

Passenger Vehicle

Age of Vehicle Maximum Margin of Financing Maximum Duration
New 90% Up to 108 months
1-5 years 90% Up to 108 months
6-8 years 90% Up to 84 months
9-10 years 85% Up to 60 months

Commercial Vehicles (with BDM not exceeding 5,000kg)

Age of Vehicle Maximum Margin of Financing Maximum Duration
New Up to 90% Up to 84 months
1-5 years Up to 80% Up to 60 months

 

* Terms and Conditions apply

Individual

  • Individual aged 18 and above. If an individual is below 21 or above 55 years old, an acceptable Malaysian Guarantor is required.
  • Proprietorship and partnership registered in Malaysia.

Corporate

  • Place of Incorporation must be in Malaysia.
  • Legal business with regular and sufficient income to meet current liabilities.
  • Business of > 2 years in operation, or if less than 2 years in business, principal owner must have at least 2 years experiences in related field/business.

REQUIRED DOCUMENTS

Salaried Employee
Self-Employed Applicant
Photocopy of Identity Card (both sides) of applicant & guarantor(s) (if any). Photocopy of Identity Card (both sides) of applicant & guarantor(s) (if any).
Photocopy of applicant’s driving license Photocopy of applicant’s driving license
Latest 3 months salary slips Latest 6 months salary slips
Latest EA Form Latest 6 months bank statements (principle)
Borang BE (supported by tax payment receipt to LHDN) Latest 6 months EPF statement
Latest 6 months EPF statement Latest Borang B (supported by tax payment receipt to LHDN)
Latest 3 months bank statements/savings passbook  

Variable income recognition, please furnish the following documents:

1. Performance Bonus - Latest EA Form
2. Commission/Incentive - 6 months commission statement OR Voucher verified against bank statement.

For Non-Individual application, please furnish the following documents:

Limited Companies
Partnership and Proprietorships
Certified true copy of the Memorandum and Articles of Association Photocopy of the Certificate of Business Registration and Borang D
Certified true copy of Form 24
(Shares issued and authorised share capital)
Partnership Agreement
(if any)
Certified true copy of Form 49
(Names and details of all directors and company secretary)
Latest copies of the Financial Accounts
(if applicable)
Certified true copy of the extract of the Director’s Resolution Bankers' references
(latest three months’ bank statements)
Photocopy of the Certificate of Incorporation
(Form 9 and 13 if any)
Photocopy of sole proprietor or partners’ identity card
Photocopy of the Certificate of Commencement of Business
(Form 23 if any)
Brief comments on sole proprietor or partners’ experience, exposure and financial standing
Latest copies of the Audited Accounts
(if applicable)
 
Bankers’ references
(latest three months’ bank statements)
 
Brief comments of director’s experience, exposure and financial standing  

Peninsular Malaysia (Sales Office)

KL Hub-Mega Mendung
116, Jalan Mega Mendung
Bandar Park Off
Jalan Klang Lama
58200 Kuala Lumpur

Tel: 03-7983 1836/1505/1506
Fax: 03-7983 1082
KL Hub-Capital Square
27th Floor, Menara Multi Purpose,
Capital Square
No 8, Jalan Munshi Abdullah
50100 Kuala Lumpur

Tel: 03- 2604 2021/2020/2028
Fax: 03- 2694 3868
Johor Bahru Hub 
1st Floor, 1 & 3,
Jalan Permas 10/2,
Bandar Baru Permas Jaya,
81750 Johor Bahru

Tel: 07-3872 188
Fax: 07-3371 762/772
Bukit Mertajam Hub
1st Floor, Wisma Ng Ah Yan
No. 42, Lebuh Nangka 2
Taman Mutiara
14000 Bukit Mertajam,
Pulau Pinang

Tel: 04-537 6276/835 2220
Fax: 04-835 2229/538 1336
EAST MALAYSIA : SABAH
Kota Kinabalu Hub
1st Floor, Lot 4, 5 & 6, Block K
Sinsuran Complex
88000 Kota Kinabalu, Sabah

Tel: 088-237 562/236 491
Fax: 088-277 267
 

 

KL Hub (Customer Service)
- For Road Tax & Motor
- Insurance Services
- Registration Card
- Early Settlement Enquiries

21st Floor, Menara Multi Purpose
Capital Square
No 8, Jalan Munshi Abdullah
50100 Kuala Lumpur

Tel: 03-2604 3014/3020/2975
Fax: 03-2694 6855
KL Hub (Collection & Recovery)
- Payment Enquiries
- Repossession
- Accounts under legal action

2nd & 4th Floor, Wisma Projass
3, Jalan SS15/2A
47500 Subang Jaya, Selangor

Tel: 03-5516 9188
Fax: 03-5516 9189/99
 
  • As far as possible the number of authorised repossessors must be minimized unless circumstances warrant any additional assistance.
  • Repossessors should only gain entry into premises with the knowledge and consent of the occupant.
  • Repossessors should be well mannered and dress decently. They should ensure the practise of professionalism and dignity in carrying out their work.
  • The use of "strong arm tactics" of any kind is strictly prohibited in the performance of their work.
  • At the time of repossession, the repossessors should give a standard notice to the hirer informing him/her of the following:-
      • The address and telephone number of the finance company and the authorized officers he/she can contact immediately to resolve any problem.
      • The repossessors must give a reasonable time to the hirer to inspect the vehicle and remove his personal items and belongings.
  • As far as possible, repossession should be undertaken in the presence of the hirer or any person authorised to that car.
  • Repossessors should at all times act in accordance with the laws and regulations in the performance of their works.
  • All repossessors should be given and briefed on the Code of Ethics On Repossession and abide by its terms. They should also observe any other Code of Ethics introduced by the Association of Hire Purchase Companies Malaysia, the Association of Finance Companies of Malaysia and the Ministry of Domestic Trade and Consumer Affairs from time to time.

 
 
If you would like to get the Hire Purchase Loan, choose one of the three ways indicated in the Next Steps section below and we'll get back to you.

 
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Next Steps

Online

Provide us with your basic contact details and we'll be in touch with you soon.

By Phone

Call us at 03-5516 9988 and we'll be happy to help you out.

Face to Face

We're always ready  to serve you so locate our nearest branch here.




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