CIMB targets first-time car buyers with bundled loan and insurance

Buyers can access insurance and Takaful protection through bancassurance financing.

CIMB Bank Berhad has launched “First Car Solution”, an automotive financing program that promises competitive financing rates, as well as insurance, Takaful protection, and credit cards.

First-time car buyers are offered complimentary road tax renewal for two years, worth $58 (MYR240).

Buyers can access insurance and Takaful protection through bancassurance financing. The Purchase Price Gap (PPG) insurance offers a full payout of purchase price in case of total loss.

The program also offers credit card privileges, including cashback on petrol and car related expenses of up to $290 (MYR1,200) per annum, as well as groceries and dining cash rebates.

(US$1 = MYR4.13)