CIMB Auto Finance
|Malaysians are always auto fetish. The automobile industry in Malaysia is also expanding day by day as new types of automobiles with unique models are entering the market every now and then. CIMB Auto Finance solutions are the most preferred as the borrower’s are provided with loans having flexible repayment options that suit their financial capability. The bank is also well known for the range of auto refinance loans it has offered to a large number of car owners. The extensive network of CIMB branches, cash deposit machines, online payment facility and many other services makes auto Finance a convenient and hassle-free process.
Following are the types of CIMB Auto Finance options avalaible.
Hire Purchase: By choosing this plan, customers can take an auto loan for 9 years for purchasing a new or a second hand vehicle. Individuals aged 18 years or above, and from sole proprietorship or partnerships, public or private companies are all eligible for this loan. The main benefit of this plan is that the customer can finance up to 90% and can repay the loan up to 9 years. They can also make payment through online banking, at any CIMB Bank branch, ATM and Cash Deposit Machine (CDM) or set up automatic payments via standing instruction. Not only this, the borrowers also get a takaful motor insurance under this plan. In addition they can also opt for the CIMB Prime Plan to earn bonus points and increase the car Finance up to 20% after every 3 years.
Hire Purchase-i: This type of plan is designed according to the Shahriah principles. Fast approval and a hassle free application process makes this plan more attractive. Customers can purchase their dream vehicle including new and used cars like 4WD, MPV and SUV (CDU & CKD).
CIMB Auto Finance Application
The application process is very easy. Customers can visit the Bank’s website and fill the application form online by providing the relevant details. They can also download the form and fill it. For more information on the application process, customers can visit the nearest CIMB Bank branch. To apply for the loan, some documents need to be submitted. These are listed below:
|Latest form B / EA or EPF statement||Photocopy of NRIC & valid driving license||Latest 6 months company bank account statements|
|Photocopy of NRIC & valid driving license||Latest form B / EA or EPF statement||Form 9, 24, 49 for private limited company (Sdn Bhd)|
|Latest 3 months pay-slips||Business Registration Certificate for sole Proprietor / Partnership||Latest audited account|
|Latest 3 months Savings / Current account statements||Latest 6 months bank statement account||Memorandum & Article of Association|
CIMB Auto Finance Rates
There are two types of rates that are applicable for auto Finance - New Car Finance rates and Used Car Finance rates. The following table will help the borrower to determine what rates would be applicable for them.
|New Vehicles - Registered for Private Use|
|Type of Vehicles||Fixed Rate (p.a. flat)|
|Proton & Perodua||3.10% to 3.60%|
|Passenger Vehicles||2.60% to 2.70%|
|Unregistered Reconditioned||2.65% to 2.80%
|New Commercial Vehicles|
|BTM up to 5,000 Kg||3.25% to 3.60%|
|BTM more than 5,000 Kg||4.20% to 4.60%|
|Used Vehicles – Registered for Private Use|
|National & Non-National||3.60% to 4.10%|
|Used Commercial Vehicles|
|BTM up to 5,000 Kg||5.00% to 6.00%|
|BTM more than 5,000 Kg||7.50% to 7.80%|
CIMB Auto Finance Affordability Calculator and Auto Finance Monthly Installment Calculator enables the customer to calculate the amount the customer can afford and the amount of installment respectively after entering relevant details like loan amount, rate of interest etc.
CIMB Auto Finance Centre
It is a customized auto repayment Schedule that enables the customers to reschedule their auto loan in accordance with their current financial situation. Following are the names of some of the CIMB auto finance centers along with their address and contact numbers where the customer can repay their loan amount. Customers can auction their cars, van, 4/4 commercial vehicles by visiting the CIMB Auto Finance website. The auction is held at many places including Alor Setar.
|Johor||No. 61-61C, 2nd Floor, Jalan Ibrahim, 80000 Johor Bahru.||Tel: 07-2241 988|
Fax: 07-2271 949
|1st Floor, Kompleks Penggaram, No. 1, Jalan Abdul Rahman, 83000 Batu Pahat.||Tel: 07-4343 860|
Fax: 07-4314 670
|Sarawak||No. 282, 2nd Floor, Jalan Rubber, 93400 Kuching||Tel: 082-253440|
|Negeri Sembilan||1A, 3rd Floor, Wisma Dewan Perniagaan Melayu, Negeri Sembilan,|
Jalan Dato’ Bandar Tunggal, 70000 Seremban.
|Tel: 06-7633 620|
Fax: 06-7632 781
(Credit Control Depatment)
|R&R Unit, Level 12, Wisma Nusantara, Jalan Punchak, Off Jalan P. Ramlee, 50250 Kuala Lumpur.||Tel: 03-2058 1317|
Fax: 03-2055 2192
|Wilayah Persekutuan & Selangor||64, 1st Floor, Wisma Jayanita, Jalan Raja Muda Abdul Aziz, Kampung Baru, 50300 Kuala Lumpur||Tel: 03-2691 5709|
Fax: 03-2691 5732
|Level 6, Bangunan UMNO, Lot P5.5, Persiaran Perbadanan Section 14, 40000 Shah Alam||Tel: 03-5511 2487|
Fax: 03-5511 2451
|No. 22-24, 1st Floor, Jalan 14/14, Section 14, 46300 Petaling Jaya||Tel: 03-7843 1488|
Fax: 03-7843 1457
|Perak||No. 54-56, 1st Floor, Persiaran Greentown 1, Greentown Business Center, 30450 Ipoh.||Tel: 05-2533 509|
Fax: 05-2439 690
CIMB Auto Finance Contact Number
Customers can also dial the number 1 300 880 900 in order to know about the nearest auto finance branch. In addition to this, customers can also dial the hotline number 603 2295 6688 for further assistance. They can also send an email to the customer service department at email@example.com. If still the query or complaint is not solved customers can write to the below mentioned address:
19th Floor, Menara Bumiputra-Commerce
Jalan Raja Laut
50350 Kuala Lumpur