What is this Auto Service Financing about?

What is this Auto Service Financing about?

Auto Service Financing (Service Car Now, Pay Later) is an unsecured financing facility and is Shariah compliant. It is solely for auto service purposes as the approved amount will be disbursed to MyAssist or the workshop panel where you service the vehicle. The facility is calculated based on a fixed profit rate resulting in fixed instalment throughout the selected tenor. Now you can pay instalment to repair your car and extend payment up to 12 months.