Published on August 11th, 2020 | by Amirul Mukminin


Bank Rakyat Offers up to 100% Financing for Toyota and Lexus

Are you planning to buy a new Toyota or Lexus? Well, now is the best time to do so as UMW Toyota Motor Sdn Bhd (UMWT) and Bank Rakyat are offering attractive Shariah-compliant financing packages which offer up to 100% financing for a minimum of 4 years to a maximum of 9 years.

There is also a special financing package for senior citizens on the condition that they are below 65 years old at the end of the financing period and their pension is transferred to a Bank Rakyat savings account.

This latest financing scheme follows UMW Toyota’s Murabahah Vehicle Term Financing-i (MVTF-i) that was introduced in June.

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Here’s the press release with more information:


With customers taking advantage of the SST exemption to buy cars, UMW Toyota Motor Sdn Bhd (UMWT) is collaborating with Bank Rakyat to offer attractive financing packages of up to 100% financing to all Malaysia citizens aged between 18 to 65 years old.

These financing packages follow Islamic financing principle and consist of two types of financing options. An-Naqlu 1, which offers 90% financing follows the Shariah concept of Al Ijarah Thumma Al-Bai’ (AITAB) and An Naqlu 2, which offers 100% financing follows the Shariah concept of Tawarruq. Customer 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 – 30 years old with minimum Diploma holders and are currently employed for at least 3 months. For those with less than 3 months of employment, guarantor is required for approval process.

“We are always looking to work with our business partners to provide affordable ownership solutions to our customers. Bank Rakyat offers special scheme to help different customer groups to own a brand-new Toyota and Lexus vehicle.” said Ravindran K., President of UMW Toyota Motor.

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.

‘BR Malaysia 2.0’ special promotional rate for these financing scheme offers is valid until 30 September 2020. For more information, customers can visit any authorised Toyota dealer or any Bank Rakyat Auto Financing Centre or branches. Visit Toyota Malaysia website at and Bank Rakyat website at today!

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