Maybank to provide integrated auto financing solution to Tesla buyers

KUALA LUMPUR: Malayan Banking Bhd's (Maybank) involvement as a key electric vehicle (EV) financing partner for Tesla is in line with the bank's aspiration to become the leading ESG financier in Asean, said Maybank group president and CEO Datuk Khairussaleh Ramli.

"Through Tesla's cutting-edge innovations and bolstered by Maybank's innovative financial solutions, we believe that it will contribute to the growth of the EV market in the country, driving sustainable mobility solutions as well as enhance the adoption of clean energy in reducing carbon emission," he said in a statement.

According to the bank, Tesla buyers opting for financing with Maybank will enjoy preferential and competitive financing rates as well as flexible repayment options, with up to 90% financing through Maybank’s EV Financing.

The streamlined application process provides prospective Tesla buyers with an integrated automobile financing offering insurance/takaful coverage and other benefits.

The EV Financing offers one-day approval with a dedicated auto sales team, personally attending to each customer.

Upon making the purchase for their Tesla online, buyers can opt for Maybank’s EV financing.

In addition, the first 100 Tesla buyers under Maybank’s integrated auto-financing stand a chance to receive an initial investment worth RM500 through Maybank Islamic’s Gold Account (MIGA-i).

Meanwhile, the group's insurance and takaful arm Etiqa will be offering Tesla Ensure, which it said will provide a holistic motor insurance and takaful proposition for Tesla customers.

Maybank Islamic will also, via a partnership with ParkEasy, extend value-add benefits to the EV and hybrid car ownners such as access to ParkEasy's 1,200 EV charging bays nationwide at 30% discounted rates.

Through ParkEasy’s app, InCharge, Maybank Islamic also provides InCharge credits totalling of up to RM500 for EV Islamic financing amount of RM250,000 and above.

For more information on Maybank’s integrated auto financing solution for Tesla, go to maybank.my/tesla.