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public islamic bank, islamic bank, pbebank
 
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Investments
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Financing
public islamic bank, islamic bank, pbebank
  public islamic bank, islamic bank, pbebank
AITAB Hire Purchase-i

Based on the principles of Ijarah Thumma Al-Bai of lease then purchase, this is a way to finance your desired vehicle while enjoying our benefits.

Eligibility

  • Individuals above 18 years of age

Benefits

  • Competitive financing rates.
  • Financing period of up to 9 years.
  • Convenience of paying your instalments through our multi delivery channels or at any of the branches in our wide network.
  • Attractive margin of financing.

Margin of Financing and Maximum Duration:

  • Passenger Vehicles
    Age of Vehicles Maximum Margin of Financing Maximum Duration
    New Up to 90% Up to 108 months
    Up to 3 years Up to 90% Up to 108 months
    Above 3 to 8 years Up to 90% Up to 84 months
    Above 8 to 10 years Up to 85% Up to 72 months
    Above 10 to 12 years Up to 80% Up to 36 months

  • Commercial Vehicles (with BDM not exceeding 5000kg)
    Age of Vehicles Maximum Margin of Financing Maximum Duration
    New Up to 85% Up to 84 months
    Up to 8 years Up to 80% Up to 60 months

  • Commercial Vehicles (with BDM exceeding 5000kg)
    Age of Vehicles BDM (kg) Maximum Margin of Financing Maximum Duration
    New Above 5,000 to 10,000 Up to 80% Up to 60 months
    New Above 10,000 Up to 75% Up to 60 months
    Up to 5 years Above 5,000 to 10,000 Up to 75% Up to 48 months
    Up to 5 years Above 10,000 Up to 70% Up to 48 months
- Terms & Conditions apply
- Public Islamic Bank reserves the right to vary the terms & conditions at our absolute discretion.
   
Code of Ethics on Repossession
 
 
Minimum Income Documents Required for Individual Applicants
A) Employed
  • Latest 3 to 6 month payslips

    or
  • Latest EA Statement

And one of the following:

  • EPF Statement (latest not more than 1 year)

    or
  • Latest Tax Returns and Tax Receipts

    or
  • Employment Letter/ Employer confirmation

    or
  • Latest 3 months Current Account Statement/ Savings Account Passbook or Statement
B) Self-Employed
  • Latest 1 year Tax Returns and Tax Receipts

    or
  • Latest 6 months Current Account Statement/ Savings Account Passbook or Statement

Any additional income documents may be required at the absolute discretion of the Bank.

 

public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
public islamic bank, islamic bank, pbebank
 
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