| Margin
Of Financing & Tenure |
As
Per AmBank HP Standard guidelines |
| Types
of Vehicle Eligible for Refinancing |
Any
used private passenger vehicle, aged up to 10 years. |
| Eligibility
of Hirer |
1) Individual or corporations not blacklisted by
any financial institutions for unpaid debts.
2) Malaysian citizen aged between 18 to 55. A guarantor
is required for foreign applicants or those above
55 years. Corporate bodies must be incorporated
in Malaysia.
3) For Individual applicants, the monthly repayment
must not exceed 1/3 of the applicant's gross income
(as evidence by proof of income). Corporate applicants
must conduct conduct genuine and legal business
with sufficient cash flow to meet current liabilities. |
