Banking, Finance & Takaful

Bank Islam Malaysia will now finance superbikes

2009-superbikes-smackdown-trackBank Islam Malaysia Bhd’s (BIMB) vehicle financing facility will be extended to superbikes with immediate effect.

Its director of Business Development, Khairul Kamarudin, said the bank is offering the facility to meet the current demand of customers and lifestyle needs.

“We see a growing base of superbike enthusiasts, many of whom would certainly need financing for their machines.

“We see potential in superbike financing, as this market segment has not yet been tapped by Bank Islam,” he said in a statement today.

The margin of financing for superbike purchases for new and unregistered reconditioned motorcycle is up to 70%. The tenures range from three to seven years.

The profit rates, which vary according to tenure and type, are very competitive and the financing concept is also 100% Syariah-based.

Bank Islam also offers “Gradhitz-i” financing facilities for graduates who want to buy their first car, and vehicle financing to the private sector and government employees at competitive terms and conditions.

Source: Bernama

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