SHENMA Credit Al-Ijarah Thumma Al-Bai’ (AITAB) Motorcycle Financing
Basic Application Requirements
• Malaysian citizen only
• Above 21 years of age
• In employment of above 6 months / In business of above 1 year
Note: SHENMA Credit reserves the right to request for additional supporting documents if necessary.
Employed
• Copy of ID
• Latest salary statement
• Latest EPF statement (if any)
Self Employed
• Copy of ID
• Latest 3 months bank statement
• Valid business registration form
3
EASY STEPS TO GET YOUR
MOTORCYCLE FINANCING!
Select Motorcycle & Dealer
Sign Up the Financing Agreement
Get Your Dream Motorcycle & Ride in Style!
Frequently Asked Questions
What is MOTORLOAN.MY?
MOTORLOAN.MY is an integrated motorcycle e-marketplace platform developed by SHENMA Credit Sdn. Bhd.; a motorcycle financing provider. The platform offers a wide range of motorcycle selection, a comprehensive dealers’ network and the motorcycle financing package, to make the ownership of motorcycle easier.
How to buy motorcycle using MOTORLOAN.MY?
MOTORLOAN.MY provides 3 easy steps in buying your dream motorcycle and financing package from SHENMA Credit Sdn. Bhd. Step 1 – Select Motorcycle & Dealer. Step 2 - Sign Up the Financing Agreement. Step 3 - Get Your Dream Motorcycle & Ride in Style!
What is the requirement for motorcycle financing?
The applicant must be 21 years old and above. In permanent employment of at least 6 months OR 12 months for self-employed. Minimum document required; Employed Person; Copy of NRIC, Latest Salary Statement & Latest EPF Statement, if any. Self-employed Person; Copy of NRIC, Latest 3 Months Bank Statement & Business Registration Document.
What is the motorcycle financing package by SHENMA Credit Sdn. Bhd.?
SHENMA Credit has three motorcycle financing package; 1. Small Bike Financing. Profit Rate at 10.0% p.a.; Financing Tenure from 24 to 84 months. 2. Big Bike Financing. Profit Rate at 9.0% p.a.; Financing Tenure from 24 to 60 months. 3. Super Bike Financing. Profit Rate at 8.0% p.a.; Financing Tenure from 24 to 84 months. All financing package offers a maximum margin of financing 90%.
Is SHENMA Motorcycle Financing a Shariah product?
SHENMA Motorcycle Financing is an Islamic financing product whose structure and legal documentation are in accordance with Shariah rules and principles. The product is based on the Shariah principle of Al-Ijarah Thumma al-Bai’.
How long will it take to process my application?
The credit decisioning process is instant but it is subject to the availability and completeness of your credit information.
How do I make monthly repayment to SHENMA Credit Sdn. Bhd.?
Please refer to our webpage at https://www.shenmacredit.com.my/how-to-pay for more details. We encourage all customers to download the SHENMA Mobile App to view their financing account details and enjoy a range of convenient features. From checking your account balance and monthly repayments to staying updated with the latest news—everything can be done 24/7, anytime, anywhere.
What is MOTOFIN+?
MOTOFIN+ is a feature integrated into the MOTORLOAN.MY platform, designed to help customers quickly check their financing eligibility
Is the eligible financing amount in MOTOFIN+, the final amount I am qualified to get?
No, the eligible financing amount in MOTOFIN+ is not the final financing amount and is subject to SHENMA Credit’s final assessment of each respective motorcycle financing application upon full application submission.
How many times can I check my financing eligibility through MOTOFIN+?
You may check your financing eligibility through MOTOFIN+ once only