In a statement today, the commercial bank said that Tesla buyers can enjoy preferential and competitive financing rates, as well as flexible repayment options, with up to 90% financing through Maybank’s EV financing.

This announcement came following Tesla’s recent launch of its Model Y in Malaysia yesterday.

Maybank’s streamlined application process provides potential buyers with an integrated automobile financing that encompasses insurance or takaful coverage and other benefits.

Furthermore, the EV financing offers a swift one-day approval with a dedicated sales team that will personally attend to each customer.

“Upon making the purchase of their Tesla online, buyers can opt for Maybank’s EV financing, ensuring a seamless and convenient process from start to end,” it said in the statement.

Speaking on the synergistic partnership, the bank’s group president and CEO Khairussaleh Ramli said this is cognisant of Maybank’s role to proactively offer holistic sustainable financing solutions to facilitate the national agenda towards a low-carbon economy.

“With Tesla’s cutting-edge innovations and bolstered by our innovative financial solutions, Maybank believes that it will contribute to the growth of the EV market in Malaysia, driving sustainable mobility solutions, and enhancing the adoption of clean energy in reducing carbon emission,” he said.

At market close today, Maybank’s share price was down 2 sen or 0.23% at RM8.78, giving it a market capitalisation of RM105.84 billion.