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.
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What services can be used under this Auto Service Financing?
The services available for Auto Service Financing include regular maintenance service, breakdown service, flooded repair, body & paint, vehicle accessories, new tyre change and more.
How can I access or apply for this Auto Service Financing?
You can access or apply Auto Service Financing by calling MyAssist Team at +603 7664 8088, WhatsApp us at 011-279 58916 or scan the QR code to chat with our service advisor. You can apply for this Auto Service Financing via a unique application link ...
What is this partnership between MyAssist and Direct Lending about?
MyAssist has partnered with Direct Lending to offer this Auto Service Financing, where MyAssist’s users are able to pay for their car repair or service bill via an instalment plan.
How will the financing be disbursed?
The financier will disburse directly to MyAssist within 3 days after the agreement being signed to pay for your car service or repair bill. In the event the financing amount is insufficient to cover your entire bill, you are required to pay the ...
What is the Shariah concept applicable?
Auto Service Financing is based on the Shariah concept of Commodity Murabahah via Tawarruq, which consist of two separate sale and purchase contracts: Sale of a Shariah-compliant commodity by Direct Lending to you (as buyer) on a deferred basis (i.e. ...