Perodua Flexiplan launches with Maybank Islamic – first shariah-compliant ‘Agility’ financing for Axia, Ativa, Myvi…and QV-E?

Perodua, in collaboration with Maybank Islamic Berhad, has introduced Malaysia’s first Shariah-compliant ‘agility’ financing programme for mainstream car buyers - importantly, this has debuted nicely ahead of its first EV, one that is slated to be sold outside the typical hire purchase route.

Dubbed the Perodua Flexiplan, this scheme is powered by Maybank Islamic’s ‘myimpact’ Drive Financing-i and offers flexible ownership options that have so far been the domain of premium brands such as BMW and Mercedes-Benz.

Structured as a Murabahah Vehicle Term Financing package, Perodua Flexiplan provides lower monthly instalments over an initial 5-year term, along with a reduced downpayment. At the end of the term, Perodua guarantees to buy back the vehicle at a competitive value compared to market prices — a feature similar to the “guaranteed future value” concept.

For now, the plan is available for the Myvi, Axia (but excluding the entry-level Axia E), Ativa, and Aruz, with future expansion likely to include Perodua’s upcoming battery electric vehicle, the possibly called the QV-E. That said, other models like the Alza and Bezza are currently excluded, with Perodua citing high demand for the MPV and the sedan’s heavy usage in e-hailing as factors.

Importantly, upon reaching the fifth year, customers can either:

1. Trade in their car for a new Perodua, using the guaranteed residual value towards the downpayment of another five-year Flexiplan term, or…
2. Keep their existing vehicle by settling the balance outright or extending the financing for up to four additional years on revised terms.

Perodua president and CEO Datuk Seri Zainal Abidin Ahmad described the scheme as a win-win for all parties, made possible by combining Perodua’s brand trust with Maybank Islamic’s financial strength. Maybank’s Syed Ahmad Taufik Albar emphasised the bank’s commitment to flexible, inclusive, and sustainable financial solutions.

The Flexiplan also complements Perodua’s existing Shariah-compliant ecosystem, which includes Perodua Total Protect Plus takaful coverage underwritten by Etiqa and Credit Reducing Term Takaful for added customer protection.