Perodua, Maybank Islamic launch Shariah-compliant Flexiplan financing program

Perodua has partnered with Maybank Islamic Berhad to offer Malaysia’s first Shariah-compliant Perodua Flexiplan financing program.

Powered by Maybank Islamic’s myimpact Drive Financing-i, this financing plan allows customers to enjoy the following benefits:

• A highly competitive term Murabahah vehicle financing offer, with more affordable monthly payments for the first five years.
• A competitive vehicle buy-back offer compared to market value, subject to terms and conditions.
• Ownership flexibility – customers can either upgrade to a new vehicle model or retain their existing vehicle with a revised payment plan.

Under the Perodua Flexiplan, customers can choose to obtain models such as the Myvi, Axia (excluding Axia E), Ativa, and Aruz.

In the fifth year of this plan, customers have the following options:

• To trade in their current vehicle for a new one, with a guaranteed buy-back value used to reduce the upfront payment and restart the five-year period.
• To retain their current vehicle by settling the outstanding balance or extend financing for up to four more years under a new payment plan.

Perodua hopes that this new plan will enhance accessibility to vehicle ownership and provide customers with the option to easily switch vehicles according to their needs.

Dato’ Sri Zainal Abidin Ahmad, President and CEO of Perodua, stated, “Today, Perodua and Maybank Islamic are creating new history by collaborating to offer the best financing package to ensure that all parties benefit, especially our valued customers.”

“We believe that with the support of Malaysia’s largest bank, combined with the trust we have built with the Malaysian people, the Perodua Flexiplan will be well-received,” he added.

Meanwhile, Syed Ahmad Taufik Albar, Group CEO of Community, Services, and Finance of Maybank, said, “At Maybank Group, we are always committed to empowering customers with flexible, transparent, inclusive, and sustainable financial solutions, and Maybank Islamic myimpact Drive Financing-i reflects our value-driven approach.”

This new vehicle ownership plan also enriches the Shariah-compliant solution ecosystem for Perodua vehicle owners, including comprehensive takaful protection through Perodua Total Protect Plus, underwritten by Etiqa, as well as Credit Reducing Term Takaful as an additional protection layer for customers.

With this latest plan, Perodua and Maybank Islamic aim to set a new benchmark for vehicle ownership in Malaysia.