It’s part of an industry-wide initiative by Malaysian banks following the Hire-Purchase (Amendment) Act (HPAA).Applies to existing fixed-rate hire-purchase agreements (including those using the Rule of 78 method).Eligibility:

• Loan must be a fixed-rate hire-purchase agreement.
• You settle the loan early (before original maturity).
• Account is in good standing (not in arrears >90 days, no legal action).

Start Date: Expected Q1 2026 (after HPAA takes effect).Calculation: Discount is applied to the outstanding balance at early settlement. Each bank (including Maybank) will have its own formula, but the goal is to make treatment comparable to the new reducing balance method.

Use the Calculator below to estimate your potential savings based on different settlement dates

Calculator – inanet