SHENMA Credit Al-Ijarah Thumma Al-Bai’ (AITAB) Motorcycle Financing

MOTORLOAN.MY is an integrated motorcycle e-commerce 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.

MOTORLOAN.MY provides 4 easy steps in buying your dream motorcycle and financing package from SHENMA Credit Sdn. Bhd. Step 1 – browse & select your dream motorcycle. Step 2 – sign up, choose your preferred dealers & submit your loan application. Step 3 – complete the e-KYC successfully & you will receive our Letter of Conditional Approval. Step 4 – visit your chosen dealer and sign the financing agreement & GET YOUR MOTORCYCLE!

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.

SHENMA Credit has three motorcycle financing package; 1. Small Bike Financing. Profit Rate at 10.0% p.a.; Financing Tenure from 24 to 60 months. 2. Big Bike Financing. Profit Rate at 9.0% p.a.; Financing Tenure from 24 to 84 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%.

SHENMA Motorcycle Financing is an Islamic financing facility's product structured 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’.

The credit decisioning process is almost near instant but it is subject to the availability and completeness of your credit information.

You can login to MOTORLOAN.MY to check your application progress & status.

In principle, the motorcycle financing is approved but it subjects to the fulfilment of the terms and conditions stated in the letter.

Yes, you can change to your preferred motorcycle model with condition that the financing amount remained or lower. The changes can be made at your chosen dealer’s premise.

Yes, you can. Please contact to our Customer Service Unit for assistance.

You can refer to our web page for more details www.shenmacredit.com.my/how-to-pay. We encourage our customers to download SHENMA Mobile Application for viewing your financing account details and enjoy all the conveniences using SHENMA Mobile. From checking your account balance, monthly repayment and updates on latest news, it can be done 24/7, anytime, anywhere.

You can contact us at www.motorloan.my/contact.