HIRE PURCHASE

Eligibility

    1. Individual

• Minimum age of 18 years old

• An acceptable Guarantor (if required based on the applicant's credit assessment)
 

    2. Non-Individual

• Sole Proprietors, Partnerships, Public Listed Companies, Private Limited Companies, Clubs, Associations, Societies or Co-operatives.

• Must be registered with Suruhanjaya Syarikat Malaysia (SSM) / Registrar of Society.

• An acceptable Guarantor is required.

Requirements

    1. Individual

• Copy of NRIC/Passport

• Copy of valid Driving License

• Copy latest 3 months Salary Slips or other income evidence and/or

• Latest 3/6 months Saving/Current Account statements reflecting credited salary and/or

• Latest EPF / Income Tax statement with proof of tax payment
 

    2.Non-Individual

Sole Proprietor/Partnership

• Copy of proprietor/partner(s) NRIC who sign the HP documents

• Copy of Business Registration (BR)

• Copy of BR Renewal (Borang D/E)

• Saving/Current Account / ASB/ASN / Tabung Haji statements reflecting 3 months declared income

• Latest Income Tax statement with proof of tax payment

Private/Public Companies

• Copy of Guarantor(s) NRIC

• Copy of Certificate of Incorporation (Form 9), Form 24 / Return of Allotment of Shares & Form 49 / Notification of Change in the Register of Directors, Managers and Secretaries.

• Copy of Memorandum of Articles

• Board of Directors’ Resolution for Acceptance

• Current account statements reflecting 3 months declared income

• Latest 1 year financial statement

Clubs/Association/Societies/Co-operative

• Copy of Guarantor(s) NRIC

• Copy of Certificate of Registration

• Empowerment for office bearer to borrow and execute HP documents

• Current Account statements reflecting 3 months declared income

• Latest 1 year financial statement