Car Takaful Instalment Plan

LK Solution’s Car Takaful Instalment Plan (Renew Now, Pay Later) is an unsecured financing facility and Shariah compliant. It is used solely for car takaful renewal, where the approved amount is paid directly to the takaful provider. The facility offers fixed profit rates with instalments up to 12 months.

This facility is based on Commodity Murabahah via Tawarruq, a Shariah-compliant buy-and-sell arrangement using an identified commodity as the underlying asset for financing.

• NRIC (front and back)
• 3 months bank statement (salary account)

Malaysian citizens aged 18–65 with a bank account. Credit card is not required.

Pre-approval takes seconds, with final approval within 15 minutes during working hours after complete submission.

You can use the approved facility within 2 weeks after pre-approval and proceed with renewal at participating providers.

The profit rate is 1.5% per month with no processing fee.

RM300 to RM5,000 with repayment tenure from 3 to 12 months.

No. The agreement is signed digitally via mobile device.

No guarantor or collateral is required.

Funds are paid directly to the takaful provider within 3 days after agreement signing.

Payment is made via eMandate auto-debit from your bank account.

8% per annum (1% Ta’widh + 7% Gharamah). Not compounded.

Allowed with 1-week notice. A rebate may be given for remaining profit.

Interested workshops can register via the provided Google Form and will be contacted within 1 working day.

LK Solution is a licensed moneylender in Malaysia offering digital financing solutions under KPKT regulation.

A group personal accident takaful that provides coverage and financing protection for eligible applicants.