Proton Capital launched, offers vehicle financing option via authorised Proton outlets

KUALA LUMPUR: Proton has officially launched a dedicated automotive financing company, Proton Capital Sdn Bhd, to make vehicle ownership more accessible and convenient for eligible customers.

With a specific focus on Proton vehicles, Proton Capital works closely with the company’s authorised dealer network and complements the options currently available in the automotive finance market. The launch ceremony brought together the members of the Proton Capital Board, Proton and Geely Financial Services management, dealers and business partners. 

Proton Capital starts with 12 outlets

As the company begins public operations in Malaysia, it has formally authorised 10 dealership groups to offer Proton Capital services. During its initial phase, it will serve eligible individual customers purchasing new Proton vehicles through 12 participating outlets in the Klang Valley. 

How to apply for Proton Capital financing

The financing will be available to salaried employees, self-employed individuals and customers with other verifiable sources of income. The process is as follows - 

• Customers may submit their applications through a participating authorised Proton outlet. 
• Proton Capital will assess each application individually, taking their income, existing financial commitments, credit information and repayment affordability into consideration. 
• For complete and straightforward applications, Proton Capital will provide an initial decision within one working day. However, applications requiring additional documents, verification or further credit assessment may take a little longer.
• All approvals will remain subject to the company’s prevailing credit policies, required documentation and applicable terms and conditions.

While there will be no application fee for submitting a financial application, applicants will be required to pay stamp duty, statutory charges, insurance or takaful premium, registration charges and other applicable fees, which will be disclosed in the relevant product disclosure sheet before the financing agreement is signed.

Customers can also get their vehicle insured by Proton Insurance Program, subject to successful vehicle registration. Customers can pay monthly instalments through online banking or DuitNow Transfer using the unique CIMB Bank account assigned to the financing account, or via direct debit.

Financing options for new Proton vehicles 

Proton Capital currently offers conventional hire-purchase financing for new Proton vehicles, including a standard fixed-rate package and a dedicated package for the Proton S70 taxi. Additional financing options will be introduced in the future, including. 

• Financing for e-hailing customers
• Shariah-compliant financing option (planned for early November)

Also read: Proton S70 gets two cheaper NA variants, bookings now open, est under RM60k

“The establishment of Proton Capital adds an important capability to PROTON’s business model. Financing plays a major role in the vehicle-purchase journey, and having a dedicated financing company allows us to work more closely with our dealers and respond more effectively to customers’ needs,” said Zhang Qiang, Chairman, Proton Capital.

For more details, interested folks can approach a participating authorised outlet or contact Proton Capital Customer Care at 03-5888 1668 or procap_cs@proton.com.

Also read: PDRM tests three Proton e.MAS models, possible patrol duties under consideration