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Auto Loan Made Easy Only at Zigwheels

  • Lowest Interest Rates
  • Lowest down payment
  • Fast & safe process

How do I Apply?

Follow these steps to get a Quick, Simple and Hassle-Free loan on your vehicle

  • Share Basic Details

    Share personal details along with details of the vehicle for which loan is to be availed.

  • Input Loan Requirement

    If the customer approves the system-generated loan details, they can fill in personal detail & fulfil other information requirements.

  • Submit Documents to the Bank

    Upload all required documents to the Bank for approval.

  • Leave the rest to us

    Loan disbursal process initiated.

Auto Loan Calculator

Calculate the monthly EMI based on vehicle loan amount, Tenure and Interest rate

  • Car Loan
  • Used Car Loan
  • Motorcycle Loan
Please Select Brand, Model and Variant
Loan Tenure
Estimated Monthly EMI
Apply Loan
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

Please Select City, Brand and Model
Loan Tenure
Estimated Monthly EMI
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

*The base price (Total cost) is calculated subject to the price of the popular models available in your selected area

Please Select Brand, Model and Variant
Loan Tenure
Estimated Monthly EMI
Apply Loan
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

Vehicle Loan Eligibility & Documents Required

  • Eligibility
  • Documents
  • Malaysian citizenship with a minimum age of 18 years (not exceeding 60 years at the end of loan tenure)
  • Any salary earning individuals, sole proprietorship, partnership firm, self-employed individuals, public listed companies, private limited companies can apply for a car loan
  • In the case of individuals, min monthly income should be RM 1,500, which is subjected to Debt Service Ratio
  • In the case of foreign applicants, a local guarantor is required
Salary Earning Individual
  • A copy of NRIC (National Registration Identity Card)
  • A copy of the driving licence
  • Passport and employment / Contract Letter in case of foreign applicant
  • Latest salary slips/vouchers (last 1-6 months as per the loan package)
  • Latest EA or EPF Statement or Employment Confirmation or 3 months Bank / Passbook Statement or ASB/ASN.
  • Spouse details (NRIC and latest 2 months' proof of income if to support household income)
  • Local guarantor in case of foreign applicant and guarantor needs to submit NRIC, latest salary slips, and latest EA or EPF Statement
Sole Proprietorship / Partnership / Self Employed
  • A copy of NRIC (National Registration Identity Card)
  • A copy of the driving licence
  • Business registration certificate
  • Latest Borang/BE with the validated receipt of tax payment LHDN
  • Bank statement for the 3 to 6 latest months
  • A relevant business income proof document
Private Limited Companies
  • Certified copies of Memorandum of Association and Articles of Association
  • Latest form 9, 13, 24, and 49
  • Bank statements for the 3-6 recent months
  • Management’s profile
  • Profile of the company’s director
  • A copy of the Certificate of Commencement of Business
Public Listed Companies
  • Latest form 24 and 49
  • Latest audited annual financial statement
Graduate & Young Professionals
  • Ages 18 to 30
  • Valid Malaysian Identification Card (IC)
  • Driving Licence
  • Latest 3 Months' Payslips
  • Job Offer Letter (for applicants working less than 3 months)
  • Copy of Degree or Diploma Certificate

Automotive News and Reviews

Latest News

FAQ’s on Vehicle Loan in Malaysia

What is a car and motorcycle loan?

    A car and motorcycle loan is an instrument through which a buyer can purchase the preferred vehicle. The lender can either be a bank or a financial institution. The loan is required to be repaid by the borrower with interest over a predetermined time period.

What are the advantages of taking car and motorcycle loans?

    When planning on buying a car or a motorcycle it is recommended to take a loan then to make a cash payment. Some of the best known advantages of taking a car/motorcycle loan are - easy equated monthly installments, no collateral needed, builds credit history, and several insurance & road tax benefits.

What cars and motorcycles can be purchased on loan?

What are the eligibility criteria for getting a car and motorcycle loan?

    In Malaysia, one needs to fulfill the following eligibility criteria for getting a car/motorcycle loan -
  • Malaysian citizenship
  • 18 years old and above
  • Employed or self-employed at any private/public listed company
  • Partnership/Sole proprietor can also apply for a loan
  • A local guarantor in case of the foreign applicant

What documents are needed for car and motorcycle loan applications?

    Following documents are required to submit with a loan application in Malaysia -
  • Photocopy of the National Registration Identity Card Number
  • Photocopy of valid driving licence
  • Photocopy of the latest 3 months’ salary slips
  • Copies of updated bank statement or savings passbook
  • Latest EPF Statements/EA Forms

How much down payment must be paid by a car or motorcycle loan applicant?

    According to the Hire Purchase Act (1967), the down payment is paid at 10% of the car/motorcycle on-the-road price.

What is the interest rate for a car and motorcycle loan in the Philippines?

    The interest rates of car loans in Malaysia are determined as per the bank rates regulated by the central bank (Bank Negara).
  • In case of motorcycle loan, different banks offer a competitive interest rate ranging from 4% to 5% per annum, depending on the tenure.
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