How does it work?
A hassle-free monthly instalment scheme that differs from the conventional loans:
*The table above is an illustration only.
Based on 90% loan of OTR Price without insurance on Vios 1.5J (AT), subject to the prevailing interest rate.
- Lower monthly instalment for first 6 years
- Flexible option for Tier 2 category: continue repayment OR trade-in for a new Toyota
|Eligibility||Individuals age 18 years old and above only for Private registrations|
|Margin of finance||Maximum 90% financing subject to minimum loan|
2-Tier Plan FAQs
- What is Toyota 2-Tier Plan?
Toyota 2-Tier Plan is our Hire Purchase plan where you enjoy lower monthly repayments in Tier 1 of the loan tenure for a new Toyota.
- How long is the loan tenure?
Our Toyota 2-Tier plan is offered on a 9-year tenure for a new Toyota.
- How long is Tier 1 of the tenure?
Of the 9-year tenure, Tier 1 is the first 6 years while Tier 2 is the last 3 years.
- What is the key different between Toyota 2-Tier Plan and a conventional Hire Purchase plan?
Toyota 2-Tier Plan allows you to enjoy lower monthly repayments in the first 6 years of the loan term, while a conventional Hire Purchase plan requires you to pay the same monthly instalments throughout the loan term, for example:
- Is the interest rate fixed or variable?
Toyota 2-Tier Plan is a fixed interest rate plan.
- I am a first-time car buyer. Is Toyota 2-Tier Plan for me?
Definitely! First-time buyer or existing car owner regardless, Toyota 2-Tier Plan comes with low affordable monthly payments to get you started in owning a Toyota.
- How much can I borrow?
The maximum loan is 90% of the vehicles's OTR price. There is a minimum loan amount set for each participating model financed.
- Can I decide the repayment period in each Tier?
No, the period of each Tier is is pre-determined by Toyota Capital Malaysia. Tier 1 is the first 6 years and Tier 2 is the last 3 years of the 9-year tenure.
- Is Toyota 2-Tier Plan applicable to all Toyota models?
No, Toyota 2-Tier Plan is not applicable to all Toyota models. We may include more models from time to time. For the current participating models, please contact our Auto-Finance Executives or register your interest now.
- Can I opt for early settlement of the loan before my loan's expiry date?
Yes, you may settle your account early with us at any point of time.
- Am I eligible for any rebate upon early settlement of my loan for Toyota 2-Tier Plan?
Yes, a rebate will be given upon early settlement. Kindly Contact us to find out the settlement amount (after rebate) when you are ready to settle.
- Do I need to pay any administrative charges for taking this Toyota 2-Tier Plan?
Yes, minimal administrative fees will be levied.
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