If you’re eyeing a hybrid, plug-in hybrid (PHEV) or battery-electric vehicle (EV), you’d do well to check out RHB Green Financing. Between July 11 and December 31, score rates as low as 1.19% per annum + Standardised Base Rate Islamic (SBRI) – or a fixed-rate equivalent of 2.1% per annum – if you’re buying an EV, or rates as low as 2.27% per annum if you’re going for a hybrid or PHEV.
With up to RM500,000 in financing allowed, the possibilities are endless given the ever-growing number of choices out there, and there really is no better time to go green. RHB Green Financing is open to individuals aged 18 and above, sole proprietorships, partnerships, private limited and public limited companies. You need a guarantor if you’re under 21, over 60 or non-Malaysian.
Under the current campaign, for any new green financing with a minimum amount of RM100,000, you can opt for RHB Vehicle Financing-i (Variable Rate) Flexi Redraw, which lets you reduce your principal amount when you pay extra, saving you more. You can also withdraw from these excess payments as and when you need to, giving you total flexibility while you flex that shiny new set of wheels!
This differs from conventional hire purchase loans, which typically involve fixed monthly payments, giving consumers little flexibility to reduce costs early or gain access to excess funds when needed.
It is important to note that the profit charges discount on excess payments is capped at 50% of the total original financing amount, and withdrawals are subject to minimal fee, with a minimum withdrawal of RM2,000 and in multiples of RM1,000.
See how much you can potentially save, and learn more about RHB’s Vehicle Financing-i (Variable Rate) Flexi Redraw here. Terms and conditions apply.
