Graduates Scheme Bank Islam

Vehicle Financing-i GradHitz is based on Murabahah (Murabahah to the Purchase Orderer “MPO”), Customer can enjoy 100% financing at a really affordable rate as well as our flexible repayment period.

FEATURES

Margin of Financing : Up to 100% of the OTR price for national, 

non-national, and unregistered reconditioned models

Financing Tenure : Up to 9 years Financing 

Rate Vehicles Rates

National Vehicles : From 3.00% to 3.60% per annum
Non National Vehicles : From 2.90% to 3.35% per annum 

 Eligibility

• Age of applicant between 20-30 years old
• Shall be a graduate with a minimum qualification of Diploma from accredited universities/higher learning institutions
• Status of employment shall be on permanent or contract basis for an employee in any of the following:-
  • Government and Semi Government sector
  • Selected Public Listed Companies
  • Government Link Companies (GLC)
  • Other prominent Private Limited Companies as categorized under package companies listed by Bank Islam
• Fixed income earner

 Documents Required

1. Photocopy of Identity Card (front and back)
2. Photocopy of Valid Driving License
3. Photocopy of Scroll or Transcript
4. Photocopy of Latest 3 months Salary Slip; and
5. Copies of latest 3 months Bank Statement (Salary Crediting Account); or
6. Latest EPF Statements/EA Forms
7. Other Supporting Documents as may deemed necessary and acceptable by the Bank for additional income

Reference

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