Through this partnership, Petronas AutoExpert adopted the Buy Now Pay Later (BNPL) model.
Available at all 55 Petronas AutoExpert centres nationwide, car owners will enjoy increased flexibility in managing their car service and repair expenses, by allowing payments to be spread over a maximum 12-month period.
With just three easy steps, applicants can swiftly secure financing by filling in their details, submitting their identification card along with latest three months’ bank statements, and finalizing the process by making the first payment, setting up monthly payments and signing the financing agreement - all to be done digitally via smartphone.
Customers of Petronas AutoExpert can apply for this instalment plan by scanning the QR code displayed at the participating service centres.
Following the partnership, Petronas AutoExpert will benefit from this offering at no cost for a minimum period of two years.
In addition, all Petronas staff members will now be able to enjoy a lower financing rate when using the instalment plan at any Petronas AutoExpert centres.
This offering will also enable Petronas AutoExpert to receive the complete invoice amount upfront, fostering healthy cash flow and potential sales growth.
Mohd Zameer Zahur Hussain, CEO of Petronas Lubricants Marketing Malaysia Sdn Bhd said, “We believe this facility will help ease the financial stress typically associated with car maintenance, offering greater affordability and convenience for our customers.”
Direct Lending’s car service instalment plan is a Shariah-compliant financing facility fully endorsed by Amanie Advisors, a leading global Islamic Finance Advisory firm.
As of 2023, the company has conducted over 130,000 financing eligibility evaluations.
