Meant for all Malaysia citizens aged 18 to 65 years old, the packages (available from now until Sept 30) - follow Islamic financing principles and consists of two types of financing options with a ‘BR Malaysia 2.0’ special promotional rate.
The first is An-Naqlu 1, which provides 90% financing and follows the Shariah concept of Al Ijarah Thumma Al-Bai’ (AITAB).
For An-Naqlu 2, this offers 100% financing and follows the Shariah concept of Tawarruq.
Customers can repay over a period of between 4 to 9 years under these schemes.
Customers aged between 18 to 60 years old can now enjoy zero down payment to own a Toyota or Lexus model (subject to terms and conditions) under AN NAQLU 2.
There is also a special Graduate Scheme available with zero down payment to graduates aged 20 to 30 years old with minimum Diploma holders and are currently employed for at least three months.
For those with less than three months of employment, a guarantor is required for the approval process.
“We are always looking to work with our business partners to provide affordable ownership solutions to our customers. Bank Rakyat offers a special scheme to help different customer groups to own a brand-new Toyota and/or Lexus,” said UMW Toyota Motor president Ravindran K.
There is another financing scheme under AN NAQLU 1 (AITAB) exclusively for senior citizens.
They should be below 65 years old at the end of the financing period and they will need to transfer their pension to a Bank Rakyat savings account.
For more information, log on to www.toyota.com.my or www.bankrakyat.com.my, or visit any authorised Toyota dealer or any Bank Rakyat Auto Financing Centre or branches.
