Perodua and Maybank Islamic have rolled out the Perodua Flexiplan, the country’s first Shariah-compliant agility financing option, powered by Maybank Islamic’s myimpact Drive Financing-i.
The plan is available for the Myvi, Axia (excluding the Axia E), Ativa and Aruz.
It offers Murabahah Vehicle Term Financing over an initial five-year term, aimed at providing more affordable monthly payments.
At the end of this period, customers can trade in their vehicle for a new Perodua model at a secured residual value, which will be used to offset the down payment, or retain their current car by settling the balance or extending the financing for up to four more years.
Perodua will buy back vehicles at a competitive price compared to market value, subject to terms and conditions.
Customers may also choose to trade in for a new Perodua model at any time during the plan.
Maybank Islamic said the arrangement expands its Shariah-compliant offerings for Perodua owners, which include the Perodua Total Protect Plus comprehensive takaful underwritten by Etiqa, with an additional RM5,000 Special Peril coverage, as well as Credit Reducing Term Takaful protection.
“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.
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,”
said Perodua President and Chief Executive Officer, Dato’ Sri Zainal Abidin Ahmad.
“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 to our 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 empowering our customers with flexible ownership choices,”
said Syed Ahmad Taufik Albar, Group CEO, Community and Financial Services, Maybank.
