Hire Purchase and Leasing Debts
Approved Sellers who are supervised by Bank Negara Malaysia are eligible to sell hire purchase and leasing debts (HPL debts) to Cagamas.
- related to the hire purchase, sale on credit terms or leasing of equipment;
- fully disbursed and amortising;
- not exceed 1 month in arrears at the time of sale;
- has a remaining life which expires on or after the price review date;
- has a book balance less unearned finance charges or other relevant charges, if any, not exceeding RM2 million per HPL debt; and
- comply with other criteria as per Cagamas' requirements