Dealer Financing

Finance your
Vehicle Purchase

from Carsome with Funding Societies

  • Interest as low as 1% per month

  • Financing facility limit up to RM500,000

  • Financing up to 85% of the vehicle purchase or market value

  • Financing period up to 90 days

Collaborative Partnership With

carsome logo -1

FS Dealer Financing is open to

  • Sole proprietorship, partnership, limited liability partnership, a private limited company (non-subsidiary of a listed company) or unlisted public limited company registered with SSM

  • Minimum 30% local shareholding by Malaysians

  • Minimum 1 year in operations

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The Dealer Financing
Solution to optimise
your cash flow

Seamless Experience

Ready for instant utilisation upon facility activation, anytime and anywhere. 

 

Convenient & User Friendly

Enjoy the online application process from the comfort of your home or office.

 

Cost Efficient & Flexible Repayment Options

Daily interest calculation with no early repayment fees to minimise cost. 

 

Full Transparency

Costs and fees are disclosed upfront, only charged on a success basis.

 
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Application Journey

Exclusively for Carsome Dealers

Enjoy your pre-approved facility (up to RM100.000) and waiver of facility fees instantly!

1

Application

Complete the application form, it will only take a few minutes. Prepare a digital copy of all Director(s) NRIC/Passport beforehand as you will need to upload it.

2

Offer

We will review your application and make an offer within two (2) working days. During this time, we may request additional documents or information to support your application.

3

Activation

Once you have accepted our offer, we will activate your financing facility and grant you access to our system, Silk Road, where you may begin your drawdown process immediately. 

Application Form

Need a financing solution?
All you need to do is complete this simple form.

 

Why Funding Societies?

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Registered with Securities Commission Malaysia
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Largest SME
Digital Financing Platform
in Southeast Asia
money
Disbursed more than
RM 18 billion to over
5 million notes
human
More than 300,000
registered Investors
across SEA
safe
Investors' funds managed by Malaysian Trustees Berhad

We've got you covered

Not what you’re looking for?
We have other financing solutions available to serve your needs.

Check out our business solutions

Frequently asked questions

  • What is Dealer Financing?

    Dealer Financing is a tailored financing solution specially designed for used car dealerships in Malaysia. This method of financing is ideal for dealerships in need of optimising their cash flow by financing their purchases. 

  • How does Dealer Financing work?

    With Funding Societies, you may be approved a facility limit of up to RM500,000 which you may utilise at any time.

    The interest of 1% per month is calculated on a daily basis, which means that you will only be charged for the number of days your financing is ongoing with us.

    Additionally, you will have access to our online supply chain financing system, Silk Road, to manage your financing facility with us.

     
  • How long is the tenure?

    With Funding Societies Dealer Financing, every utilisation is subject to a tenure of 90 days from the date of disbursement. 

  • Are there any fees and charges?

    Just like any other financing product, the following fees/charges will be applicable:

    1. Facility Fee / Up-Limit Fee: Up to 2% of the approved/increased limit of the financing facility (one-off)

    2. Utilisation Fee: RM 300 per motor vehicle

    3. Variation Fee: RM 500 per amendment or variation of the Letter of Offer or Facility Agreement

    4. Panel Fee: RM 500 per annum, payable every 31st March (calendar year basis)

    Please take note that the above are the common fees/charges of Dealer Financing which serves as a guide, subject to change from time to time.
    For more accurate and updated fees/charges, kindly check with us. 

  • What if I can’t make my payments on time?

    If you are late in making your repayments, the following fees/charges will be imposed: 

    • Late Penalty Fee: RM250 per 7 calendar day

    • Late Interest Fee: Up to 0.1% per day (non-compounded) on the amount in arrears

  • Can I make an early settlement?

    Of course! If you choose to settle the financing early, there are NO early settlement fees or charges imposed!