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 for Dealer Financing?

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: Facility Fee / Up-Limit Fee: Up to 2% of the approved/increased limit of the financing facility (one-off) Utilisation Fee: RM 300 per motor vehicle Variation Fee: RM 500 per amendment or variation of the Letter of Offer or Facility Agreement 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: RM 250 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 fees or charges imposed!

Hire Purchase

Enhance Your Sales Offering with our Hire Purchase Solution

Up to 90% margin of financing
Tenure of up to 7 years
Fast approval with e-KYC
Digital application process

Apply Now

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Hire Purchase is open to

Malaysian citizens only
Applicants must be between 18 to 65 years old
The facility is offered exclusively to dealers registered with Funding Societies

Drive business growth with
flexible Hire Purchase

Vehicle Eligibility:

Up to 20 Years

For used passenger vehicles, the car’s age plus financing period must not exceed 20 years.

High Financing Margin

Enjoy financing of up to 90% margin, making car ownership easier.

Seamless Digital Application

Get fast & secure pre-approval with e-KYC, less paperwork and quicker approval.

No Additional Charges

Existing Dealer Financing users can enjoy free contra with immediate settlement.

How To Apply?

e-KYC Verification

Customers complete the identity verification via our secure e-KYC process — quick, safe, and fully digital.

Submit Application

Customers fill in the application form and upload the required personal and income documents.

Receive Offer

We’ll review the application and issue a financing offer within 2 working days. Additional documents may be requested if required.

Apply Now

We've got you covered

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

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Frequently asked questions

What is Hire Purchase?

Funding Societies Hire Purchase is a vehicle financing solution that enables individuals to purchase used cars from our panel of dealers through affordable monthly instalments.

Note: Available exclusively through dealers partnered with Funding Societies.
What type of vehicles are eligible & what is the maximum tenure available?

We finance used passenger vehicles with a financing tenure of up to 7 years. The combined total of the vehicle’s age and the financing tenure must not exceed 20 years.*
How many % of financing do we offer?

Up to 90% financing is available.*
Is there a maximum financing amount?

The financing amount, which varies based on the vehicle type, quotation value, and customer profile, can be offered up to RM50,000.*
What documents are required?
Required documents typically include:
- Copy of NRIC (Front & Back) of Hirer & Guarantor
- Copy of valid Driving License
- Income Documents for General Users
  - Latest 3 months salary slip for fixed income
  - Latest 6 months salary slip for variable income (commission based)
  - Latest EPF statement for the year
  - Latest utility bills (electricity, water, internet)
- Income Documents for Self-Employed
  - SSM/ business registration (if applying under business name).
  - Latest 6 months bank statements
- Vehicle Bill of Sale
How long does the approval process take?

We aim to issue a financing offer within 2 working days, provided all required documents are complete.*
What is e-KYC and how does it work?

e-KYC (Electronic Know-Your-Customer) is a digital identity verification process that allows us to verify a customer’s identity online, without the need to visit a physical branch.
Who owns the vehicle during the financing period?

The vehicle will be registered under the hirer’s name, while Funding Societies remains the legal owner until full settlement, in accordance with standard hire purchase practices.

*Terms & Conditions apply

Malaysia

[email protected]
Primary contact
+603 9212 0208

Secondary contact
+603 2202 1013

Unit 15.01 & Unit 15.02,
Level 15, Mercu 3,
KL Eco City, Jalan Bangsar,
59200 Kuala Lumpur

Indonesia

Pemberi Dana
[email protected]
+62 877 7126 5290

Penerima Dana
[email protected]
+62 877 7873 6144

Unifam Tower, Jl. Panjang Raya
Blok A3 No.1, Kedoya Utara,
Kebon Jeruk, Jakarta Barat,
DKI Jakarta, 11520, Indonesia

Singapore

[email protected]
General Enquiries:
+65 6221 0958

Sales Enquiries:
+65 6011 7534

108 Robinson Road
#06-01
Singapore 068900

Thailand

SME Loan
[email protected]
+66 93 139 9721

Investment
[email protected]
+66 62 197 8661

No. 29, Vanissa Building,
24th Floor, Room No. 2412 & 2414, Soi Chidlom,
Ploenchit Road,
Lumpini, Pathumwan,
Bangkok, 10330

Vietnam

[email protected]
(+84) 28 7109 7896

The Sentry P
16 Nguyen Dang Giai Street,
Thao Dien Ward, Thu Duc City,
Ho Chi Minh City, Vietnam

Dreamplex
174 Thai Ha Street,
Trung Liet Ward, Dong Da District,
Hanoi, Vietnam

Registered with Securities Commission Malaysia.
Modalku Ventures Sdn Bhd 201601019329 (1190266X)
© 2025 Modalku Ventures Sdn Bhd. All rights reserved.

Funding Societies is a SME Digital Financing Platform registered with Securities Commission Malaysia. It does not fall under the jurisdiction of Bank Negara Malaysia. Therefore, financing products of Funding Societies should not be constructed as business loan, SME loan, micro loan, term loan or any other loans offered by banks in Malaysia and it is to be deemed as an investment note as defined in the Guidelines on Recognised Markets.

Disclaimer: All third party trademarks, product and company names are the property of their respective holders.

Hire Purchase

Enhance Your Sales Offering with our Hire Purchase Solution

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