Pay Car Insurance in Instalments
Spread your car insurance payment across monthly instalments, with options of up to 60 months.
Compare car insurance quotes, choose your coverage and select an available payment option at checkout.
Can I pay car insurance by instalments in Malaysia?
Yes. BJAK offers full-payment and instalment options at checkout, including Easy Payment Plan (EPP) and Buy Now Pay Later (BNPL).
Depending on your payment option and eligibility, you can spread your car insurance payment across several months, with EPP options of up to 60 months.
Paying by instalments does not turn your annual car insurance into a monthly policy. You are spreading the cost of the purchase, while your insurance coverage period remains the same.
The payment methods, terms and any applicable fees shown at checkout apply to your transaction.
Pay your car insurance in instalments
Car insurance is usually an annual expense, but you don't always have to pay the full premium upfront.
With BJAK, eligible customers can spread their car insurance payment across monthly instalments. Depending on the payment option, you can choose a repayment period that suits you, including EPP plans of up to 60 months.
If you're new to paying car insurance in instalments, read our guide on how to pay car insurance in instalments.
Example monthly payments on a RM1,200 premium
Examples only. Actual instalment amounts, repayment periods, fees and eligibility depend on the payment option and provider available at checkout.
Why pay in instalments?
- Spread a large annual payment across smaller monthly payments
- Manage your monthly budget more easily
- Choose from available EPP and BNPL options
- Complete your purchase online
- Renew your car insurance and road tax in the same transaction where available
How does car insurance instalment payment work?
You can compare your car insurance and choose an available payment option during checkout.
- 1
Get your car insurance quote. Enter your vehicle details and get available car insurance quotes from BJAK.
- 2
Compare your options. Compare premiums, coverage, sum insured and available add-ons before choosing your policy. Not sure what type of cover you need? Read more about car insurance or explore the Car Insurance Learning Hub.
- 3
Choose your payment option. At checkout, select an available instalment option such as EPP or BNPL.
- 4
Complete your payment. Follow the payment provider's instructions and complete the required payment.
- 5
Receive your policy. Once your payment is successfully processed, your policy is issued according to the applicable terms.
What is Easy Payment Plan (EPP)?
Easy Payment Plan (EPP) allows eligible credit card holders to split their car insurance payment into monthly instalments through participating banks.
Depending on the bank, transaction and eligibility, EPP repayment periods can be available for up to 60 months.
EPP benefits
- Spread your car insurance premium across monthly payments
- Use an eligible credit card
- Choose from available repayment periods
- Manage a larger annual payment without paying the full amount upfront
Which banks support EPP?
| Participating bank | Terms available |
|---|---|
| Affin Bank | 6, 12, 24, 36 months |
| Alliance Bank | 6, 12, 24, 36 months |
| AmBank | 6, 12, 24, 36 months |
| CIMB | 6, 12 months |
| Hong Leong Bank | 6, 12, 24, 36, 48, 60 months |
| HSBC | 6, 12 months |
| Maybank | 6, 12, 18, 24, 36 months |
| OCBC | 6, 12, 24, 36 months |
| Public Bank | 6, 12, 24, 36 months |
| RHB | 6, 12, 24, 36 months |
| Standard Chartered Bank | 6, 12 months |
| UOB | 6, 12, 24, 36 months |
Easy Payment Plan needs an order total of at least RM500. Individual banks set a higher minimum for their longer terms, and the terms you are offered depend on your bank's approval.
Available banks, repayment periods, minimum transaction amounts and eligibility may vary.
Read more about EPP and how it works for car insurance.
What is Buy Now, Pay Later (BNPL)?
Buy Now, Pay Later (BNPL) allows eligible customers to split their car insurance payment through participating BNPL providers.
BNPL can be an alternative for customers who don't want to use a traditional credit-card EPP.
| Provider | Provider fee | Terms available | Order total it accepts |
|---|---|---|---|
| AhaPay | 5% of the amount financed | 4–12 months | From RM65 |
| SPayLater | 6.5% of the amount financed | 1–12 months | No stated limit |
| GrabPayLater | 6.5% of the amount financed | 4–12 months | Up to RM1,500 |
| Atome | 10% of the amount financed | 3–12 months | RM10 to RM5,000 |
Available providers, repayment periods, fees and eligibility vary by provider and transaction.
Check the payment option shown at checkout for the latest terms available to you.
Learn more about paying car insurance with BNPL.
What is the difference between EPP and BNPL?
| EPP | BNPL | |
|---|---|---|
| Credit card required? | Yes | Not necessarily |
| Payment method | Eligible credit card | Participating BNPL provider |
| Instalments | Yes | Yes |
| Repayment period | Up to 60 months, depending on bank | Depends on provider |
| Fees | Depends on bank and plan | Depends on provider and plan |
| Eligibility | Depends on bank and transaction | Depends on provider and transaction |
Before choosing a plan, check the total amount, repayment period and applicable fees shown at checkout.
For a more detailed comparison, read Car Insurance EPP vs BNPL.
What other ways can I pay for car insurance?
Prefer to pay your car insurance in full? BJAK also offers several full-payment methods.
| Pay in full | Easy Payment Plan | Buy Now Pay Later | |
|---|---|---|---|
| Is the purchase split into instalments? | No | Yes | Yes |
| What do I need? | An accepted card, a bank account for FPX, or cash at a counter | A credit card from a participating bank | An account with the provider, and the payment instrument it requires |
| Who provides the instalment? | Not applicable | The participating bank | The Buy Now Pay Later provider |
| Who approves it? | The payment instrument must be accepted | Your bank, against its card and spend criteria | The provider, against its own criteria |
| Can a fee apply? | No instalment charge | Yes - the bank's own terms may apply | Yes - every provider on the panel charges a fee |
| Does it change my cover? | No | No | No |
| Where do I confirm the real total? | At checkout | At checkout, plus the bank's terms | At checkout, plus the provider's terms |
Available payment methods may vary by transaction. For more information, see BJAK's payment FAQs.
Does paying in instalments affect my car insurance coverage?
No. Paying in instalments does not change the coverage stated in your policy.
You are spreading the cost of your annual insurance purchase; you are not changing the policy into a month-to-month insurance plan. Your coverage follows the policy terms and effective date, subject to successful payment and applicable conditions.
Does paying in instalments affect my NCD?
No. Your payment method does not determine your No Claim Discount (NCD). Your NCD is based on your claim history and applicable NCD rules.
Before renewing, you can check your NCD to make sure the NCD shown in your quote is correct.
Can I renew car insurance and road tax together?
Yes. You can renew your car insurance and road tax online with BJAK and add road tax to the same transaction where available.
If you want to check your road tax cost first, use the Road Tax Calculator. You can also learn more about how road tax renewal works and how to renew road tax online.
Are there any fees when paying in instalments?
The final payment amount and any applicable charges are shown before you confirm your payment.
Depending on your transaction, the total may include:
- Insurance or takaful premium
- NCD-adjusted premium
- Applicable taxes and stamp duty
- Road tax
- Optional add-ons
- Payment-provider or instalment charges, where applicable
Fees and terms can vary depending on the bank or payment provider. For more information, see BJAK's pricing and fee information.
Why pay car insurance with BJAK?
Car insurance payment FAQs
Yes. Eligible customers can choose from available instalment options, including EPP and BNPL. Available payment methods and terms depend on the transaction and payment provider.
EPP options can be available for up to 60 months, depending on the participating bank, transaction amount and eligibility. BNPL repayment periods vary by provider.
Not necessarily. EPP requires an eligible credit card, while selected BNPL options may allow you to pay in instalments without using a credit-card EPP.
No. Your coverage follows the policy terms and effective date, subject to successful payment and applicable conditions. Paying in instalments does not by itself reduce the coverage stated in your policy.
No. Your NCD is based on your claim history and applicable NCD rules, not your payment method.
You can check your NCD before renewing.
Some instalment plans or payment providers may have their own fees. Any applicable charges should be shown before you confirm your payment.
See BJAK's pricing and fee information.
EPP, or Easy Payment Plan, allows eligible credit card holders to split their car insurance payment into monthly instalments through participating banks.
BNPL stands for Buy Now, Pay Later. It allows eligible customers to split their car insurance payment into instalments through participating payment providers.
EPP uses an eligible credit card and participating bank. BNPL uses a participating Buy Now, Pay Later provider. Repayment periods, fees and eligibility can vary.
Read our EPP vs BNPL comparison.
Available EPP options may include Affin Bank, Alliance Bank, AmBank, CIMB, Hong Leong Bank, HSBC, Maybank, OCBC, Public Bank, RHB, Standard Chartered Bank, and UOB. Available banks, repayment periods and eligibility may vary by transaction.
Available BNPL options may include AhaPay, SPayLater, GrabPayLater, and Atome. Provider availability, repayment periods and eligibility depend on the transaction.
Yes. Available full-payment methods include credit or debit card, FPX online banking and cash at participating outlets.
Yes. You can get your car insurance quote, compare available policies and complete your payment online.
If cash payment is available for your transaction, select Pay at Counter during checkout and use the payment code provided to pay at a participating 7-Eleven or KK Mart outlet.
Yes. You can renew your car insurance and add road tax to the same transaction where available. Renew car insurance and road tax together.
BJAK uses secure payment technology to process online transactions.
You can visit the BJAK Trust Centre to learn more about payment, data and transaction security.
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