Perodua joined hands with Public Bank to offer financing facilities

KUALA LUMPUR: While buying a new car, you not only need to visit car dealerships or take test drives, but you also need to consider the paperwork, financial calculations, and loan process. Well, Perodua has recently taken an important step to assist you in one of these aspects i.e. financing.

The automaker has signed a Memorandum of Collaboration with Public Bank Berhad (Public Bank) to make financing easier. The collaboration aims at providing financing facilities to authorised Perodua dealers which can further extend wholesome financial products and services for all Malaysians.

The deal will enable the bank to facilitate faster processing of loan applications by providing a digital platform for uploading documents, final submissions, and application status tracking. 

The dignitaries who witnessed the signing ceremony include - Tan Sri Dato’ Sri Dr. Tay Ah Lek (Managing Director and CEO Public Bank), Dato’ Chang Kat Kiam (Deputy CEO Public Bank), Dato’ Sri Zainal Abidin Ahmad (President and CEO Perodua) and En. JH Rozman Jaafar, (COO Perodua) and other senior management members of both companies.

“Perodua is also Malaysia’s first and biggest energy-efficient vehicle (EEV) manufacturer. On our part, supporting the growth of the EEV industry is a key pillar of the bank’s climate agenda, where Public Bank had mobilised over RM30 billion in domestic EEV financing by the end of 2022. As part of our ongoing commitment to supporting the growth of the EEV industry, Public Bank has increased its EEV lending target from RM25 billion to RM33 billion by 2025,” said Public Bank MD and CEO Tan Sri Tay Ah Lek.

“Thus, there is strong synergistic potential where Public Bank and Perodua can continue to work together, in not only growing our respective business, but also contributing positively toward ESG initiatives for the betterment of our society and the world,” he added.

Adding to that, Dato’ Sri Zainal Abidin Ahmad said, “I hope this collaboration will further elevate our respective organisations to greater heights.” 

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