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iDEAL HP

iDEAL HP - Finance Your Motorcycle with Ease

Explore Parkson Credit's iDEAL HP financing option, offering easy hire purchase plans for motorcycles. Enjoy flexible repayment terms, based on Shariah-compliant principles, and get Theft Loss Gap Benefit for free.

Motorcycle

Overview

Parkson Credit's iDEAL HP offers customers the convenience of purchasing a motorcycle via the Hire Purchase (HP) scheme. This financing product is designed to help you own the motorcycle of your dreams with flexible repayment options, all while adhering to Syariah principles. 

 

The iDEAL HP plan follows the Al-Ijarah Thumma Al-Bai (AITAB) concept, a Shariah-compliant leasing contract with an eventual sale. This ensures transparency and ethical financing for all customers. 

 

In line with the Hire-Purchase (Amendment) Act 2026 (HPAA), all new hire-purchase financing with PCSB is now expressed using the Effective Interest Rate (EIR) under the reducing balance method giving you a clearer, more transparent picture of the true cost of your financing.

Why Choose Us?

1.

Competitive Financing Rates max 17% p.a.

Our financing rates expressed as an Effective Interest Rate (EIR) max 17% (subject to customer profile) make motorcycle ownership accessible for more Malaysians. With transparent, reducing-balance pricing and no hidden charges, you always know exactly what you are paying throughout the entire tenure.

2.

Flexible Hire Purchase Scheme

The Hire Purchase (HP) model allows you to spread the cost of your motorcycle over a flexible payment period. This makes ownership more accessible without straining your finances upfront.

3.

Shariah-Compliant Financing

iDEAL HP is based on Shariah principles, specifically the AITAB (Al-Ijarah Thumma Al-Bai) concept, which combines leasing and sale into one transparent financing model. This ensures that the financing adheres to ethical guidelines. - 

4.

Theft Loss Gap Benefit - Free of Charge

iDEAL HP customers also enjoy the added security of the Theft Loss Gap Benefit at no extra cost. This benefit covers the shortfall in the event of theft, ensuring peace of mind for customers.

How iDEAL HP Financing Works?

1

Choose Your Motorcycle

Select your desired motorcycle from any Parkson Credit-authorized dealer. iDEAL HP is available for a variety of motorcycle models, making it easier to finance the ride that suits your needs.

2

Apply for iDEAL HP Financing

Once you’ve chosen your motorcycle, simply submit your application for iDEAL HP financing. The documentation process is simple, with minimal paperwork required to get started.

3

Enjoy Flexible Repayment Terms

After your application is approved, you'll receive a hire purchase contract that allows you to repay the cost of the motorcycle in monthly installments. These flexible terms make ownership accessible without compromising your monthly budget.

4

Own Your Motorcycle

Once you’ve completed the repayment terms of the hire purchase contract, the motorcycle is officially yours. It’s that simple—enjoy complete ownership without hidden costs or complications.

Eligibility and Document Requirements


Applying for iDEAL HP financing is straightforward. Depending on your employment type, the documents you need are as follows:

For Individuals:

  • National Registration Identification Card (NRIC) – A copy of your NRIC.
  • Income Proof – Latest 1-month salary slip.
  • EPF Statement (if applicable).

For Self-Employed:

  • Company Registration – A copy of your company's registration.
  • Director’s NRIC – A copy of the company director’s NRIC.
  • Income Proof – Latest 3-month bank statement.

Frequently Asked Questions

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Contact Us

For any inquiries regarding iDEAL HP or to apply for financing, feel free to reach out to our customer service team. We’re here to help you get on the road with the motorcycle you’ve always wanted!