PERODUA and Maybank Islamic Berhad (Maybank) has partnered up to provide Malaysia’s first Shariah-compliant agility financing plan.

The Perodua Flexiplan, backed by Maybank Islamic myimpact Drive Financing-i, is a first for both companies.

Its aim is to reduce the financial burden, enhance car ownership accessibility and create a structure where customers can change their vehicles conveniently through three primary methods:

• Offering a highly competitive Murabahah Vehicle Term Financing deal which leads to a more affordable monthly payment over an initial five-year term
• Perodua will buy back the customer’s vehicle at a competitive price compared to market value for the purchase of a new Perodua model – terms and conditions apply
• Flexibility in ownership where customers may trade-in freely to a new model or keep the current vehicle with a revised payment plan.

Customers can choose between four models under the Perodua Flexiplan, which are the Myvi, Axia (not including the Axia E), Ativa, and Aruz.

At year 5 of the plan, customers have the option to trade-in their current Perodua vehicle for a new one, with the secured residual value used to offset the down payment and refreshing the five-year term. 

Alternatively, customers can choose to retain their current vehicle by settling the outstanding balance or extending the financing for up to four more years under a revised payment plan.

The plan when stacked further enhances the ecosystem of Shariah-compliant solutions for Perodua vehicle owners, which includes Perodua Total Protect Plus comprehensive takaful underwritten by Etiqa (which comes with an additional RM5,000 Special peril coverage) as well as the Credit Reducing Term Takaful as an added layer of protection for customers.

Perodua president and chief executive officer Dato’ Sri Zainal Abidin Ahmad addressed the new plan as a groundbreaking moment where both companies join forces to offer the best possible financing package that ensures everybody wins - Perodua, Maybank Islamic and customers.

“We believe that with the backing of Malaysia’s biggest bank combined with the trust that we have earned from Malaysians; the Perodua Flexiplan will be well accepted,” said Zainal.

Maybank Community and Financial Services group CEO Syed Ahmad Taufik Albar added that the two companies are proud and excited to provide an option that addresses the preferences of modern car buyers and empowering their customers with flexible ownership choices.

“Across the Maybank Group, we have always been committed to empowering our customers with flexible, transparent, inclusive, and sustainable financial solutions, and Maybank Islamic myimpact Drive Financing-i is a reflection to our values-based approach to banking,” said Syed Ahmad.

Customers are advised to refer to any authorised Perodua sales advisor and Maybank branches nationwide for more details on the Perodua Flexiplan’s and Maybank Islamic myimpact Drive Financing-i's terms and conditions.