Daihatsu Gran Max Financing in Malaysia: Cash, Bank Loan or Credit?
Published: 27 October 2026·Last updated: 27 October 2026
Cash, bank loan or credit? See Gran Max financing with Maybank, Public Bank, Affin and Hong Leong, example monthly payments and who qualifies.
You can buy a Daihatsu Gran Max with cash, a bank loan or a credit loan. For a Panel Van MT with 10% down over 7 years, the monthly payment is about RM940 at Maybank's 3.2% or about RM962 at Public Bank's top rate of 3.9%. Which lender fits you depends mostly on how long your company has been registered. Rates are as of 21 Oct 2026 and subject to bank approval.
Three ways to pay
- Cash: pay the OTR price in full, with no interest.
- Bank loan: we usually work with Maybank, Public Bank, Affin Bank and Hong Leong Bank.
- Credit loan: we work with Yulon Capital.
Gran Max vans are commercial vehicles sold to SSM-registered companies, so every application is made in the company's name.
Which bank suits your company
| Lender | Rate | Rate type | Best for |
|---|---|---|---|
| Maybank | 3.2% | Variable, reducing | Companies registered with SSM for more than 3 years |
| Public Bank | 3.5% to 3.9% | Fixed, reducing | Easier approval, including companies under 3 years |
| Affin Bank | Ask us | Ask us | Alternative if you want to compare offers |
| Hong Leong Bank | Ask us | Ask us | Alternative if you want to compare offers |
Not sure whether to choose a variable or a fixed rate? Read our guide to Maybank vs Public Bank: variable vs fixed rate.
Example monthly payments
Example for the Panel Van MT: price RM78,488, down payment 10% (RM7,849), financing amount RM70,639. Over 7 years that is about RM940 a month at 3.2% and RM962 at 3.9%. Over 5 years it is about RM1,276 and RM1,298.
Same terms for each variant (10% down, 7 years):
| Variant | Price (RM) | Financing amount (RM) | Monthly at 3.2% (RM) | Monthly at 3.9% (RM) |
|---|---|---|---|---|
| Pick-Up MT (before body) | 73,388 | 66,049 | 879 | 900 |
| Panel Van MT | 78,488 | 70,639 | 940 | 962 |
| Panel Van AT | 82,988 | 74,689 | 994 | 1,017 |
| Semi-Panel Van MT | 87,888 | 79,099 | 1,052 | 1,078 |
| Semi-Panel Van AT | 92,388 | 83,149 | 1,106 | 1,133 |
These are our own calculations for illustration, using a reducing rate. Try other down payments and tenures on our Gran Max loan calculator.
Five things to check before you sign
- Fixed or variable? A fixed rate stays the same; a variable rate can change.
- Total repayment, not just the monthly figure. For the Panel Van MT over 7 years, total repayment is about RM78,900 at 3.2% (about RM8,300 interest) and about RM80,800 at 3.9% (about RM10,200 interest).
- Down payment. A bigger deposit lowers the loan. The bank sets the final margin of financing.
- Insurance. Hire purchase normally requires comprehensive cover, so budget for the premium.
- Early settlement. Ask whether there is a penalty for paying off the loan early.
Final approval, rate, margin and tenure depend on the bank's assessment. This article is general information, not financial advice.
FAQ
What documents do I need to apply? The director's NRIC and driving licence, the company's SSM registration documents and the company's latest 6 months of bank statements.
Which bank is easiest to get approved? Public Bank. Maybank's rate is lower, but it only accepts companies registered with SSM for over 3 years.
Can I pay cash? Yes. Ask us for the OTR price without a loan.
Can individuals finance a Gran Max? No. Gran Max vans are commercial vehicles and can only be registered under an SSM-registered company.