Auto Service Instalment Plan

LK Solution's Auto Service Financing (Service Car Now, Pay Later) is an unsecured financing facility that is Shariah compliant. It is solely for auto service purposes as the approved amount will be disbursed to the workshop partner where you service the vehicle, providing services under LK Solution's designated service platform partner. The facility is calculated based on a fixed profit rate resulting in fixed instalments throughout the selected tenor. Now you can pay instalments to repair your car and extend payment up to 12 months.

The facility is based on the Shariah concept of Commodity Murabahah via Tawarruq. This is a buy-and-sell contract between LK Solution and you, where a specific Shariah-compliant commodity will be identified and used as the underlying asset for the sale and purchase transaction between customer and LK Solution for the purpose of disbursing the funds under the Facility.

Other than filling in basic personal details, we only require the following two documents:

• Photos of NRIC (front and back)
• Bank statements from the past 3 months (main account that receives income such as salary) – find out how to download bank statements here

It is open to Malaysian nationals aged between 18 – 65 years old. You must have a bank account. A credit card is NOT mandatory.

It takes seconds to know your pre-qualified results based on your credit profile, and you will know final approval results and maximum amount as fast as 15 minutes (during working hours) after submitting the complete documentation.

Once you receive the pre-approval, you can use the facility within 2 weeks.

Understanding how much you need to pay through instalments to service your car, you can start planning and book an appointment or visit any workshop that participates in the program.

You can also apply at the workshop after finding out you may need more funding for the car repair — we will provide pre-approved results as fast as 15 minutes (during working hours).

The profit rate is 1.5% per month. There is no processing fee involved in this financing.

The financing amount ranges from RM300 (minimum) to RM5,000 (maximum). The financing period ranges from 3 to 12 monthly payments.

No, it will be done digitally through your mobile phone after the service is completed and when you decide to use the approved facility.

The facility does not require any guarantor or collateral.

LK Solution will disburse the financing directly to the workshop within 3 days after the signing of the financing agreement. In the event the financing amount is insufficient to cover your entire service bill, you are required to pay the balance of payment to the workshop directly prior to collection of your car.

Prior to signing the financing agreement on LK Solution's platform, you will set up the eMandate to allow auto-debit from your bank account from a licensed financial institution in Malaysia. The monthly payment plan will be deducted from this account on the payment due dates as stated in the financing agreement.

If you fail to make any monthly instalments or pay any other amount when due, you shall pay a late payment charge of 8% per annum (consisting of compensation / Ta'widh (1%) and a penalty / Gharamah (7%) that will be channeled to charitable bodies). The late payment charge will not be compounded.

You can make an early settlement before the expiry of the instalment tenure by giving 1-week prior written notice to LK Solution. A rebate for early settlement on the remaining deferred profit may be granted to you.

Please fill up this simple form and we will be in contact with you within 1 working day.

The financing is offered by LK Solution, an online personal financing platform in Malaysia that supports hardworking adults to access safe and affordable financing. LK Solution is a licensed moneylender registered under the Ministry of Local Government Development (KPKT).

A group personal accident takaful that provides coverage for personal accidents and includes a financing protection feature for applicants who have successfully completed the checkout process of LK Solution's Auto Service Financing Plan.