Maybank Islamic, Perodua offer 'flexible' vehicle ownership plan for Malaysians

New Straits Times

2 days ago

KUALA LUMPUR: Maybank Islamic Bhd and Perodua have jointly introduced Malaysia's first Shariah-compliant agility financing plan, offering customers greater flexibility and accessibility in vehicle ownership.
The Perodua Flexiplan, powered by Maybank Islamic myimpact Drive Financing-i, is the first collaboration of its kind for both companies.
It features a Murabahah vehicle term financing arrangement, resulting in lower monthly payments over an initial five-year term.
Under the scheme, customers can choose to trade in their Perodua vehicle at year five for a new model.
Perodua is offering a buy-back price competitive with market value or opt to keep their existing vehicle under a revised payment plan for up to four more years.
Perodua president and chief executive officer Datuk Seri Zainal Abidin Ahmad said the plan is available for four models: Myvi, Axia (excluding the Axia E), Ativa and Aruz.
The collaboration is aimed at delivering a win-win solution for all parties involved
"Today, both Perodua and Maybank Islamic broke new ground as we join forces to offer the best possible financing package which ensures everybody wins; Perodua, Maybank Islamic and especially, our valued customers," he 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."
Maybank group CEO of community and financial services Syed Ahmad Taufik Albar said the financing plan reflects the bank's values-based approach to customer service.
"Across the Maybank Group, we have always been committed to empowering our customers with flexible, transparent, inclusive, and sustainable financial solutions, and Maybank Islamic myimpact Drive Financing-i is a reflection of that," he said.
The innovative approach to all Malaysians alongside Perodua, addresses the preferences of modern car buyers and empowers them with flexible ownership choices, he added.
The plan integrates other Shariah-compliant offerings such as Perodua Total Protect Plus comprehensive takaful underwritten by Etiqa, which includes RM5,000 special peril coverage, and Credit Reducing Term Takaful for added protection.
Both companies said the initiative not only enhances car ownership accessibility but also creates a convenient structure for customers to adapt their vehicle choices to different life stages, setting a new benchmark in Malaysia's automotive financing landscape.