MyEG, Direct Lending Jointly Launch BNPL Service For Auto Repairs

MY E.G. Services Berhad in collaboration with Direct Lending Sdn Bhd announed the launch of a Shariah-compliant Buy Now, Pay Later (BNPL) programme tailored for automotive services.

This initiative it said it designed to assist vehicle owners by providing a solution to unexpected automotive expenses without the burden of immediate out-of-pocket expenses for car repairs and services. Through the company’s MYEG’s MyAssist service centres, car owners can access a wide array of essential automotive services including, flood repair, body and paint work, regular maintenance, towing, and tire replacement, while paying monthly installments up to 12 months.

A highlight of this partnership is the Flood Assistance Package, where both parties offer both peace of mind and financial flexibility, especially valuable for those without specific flood coverage (of motor insurance) for such incidents. Considering that only 4% of Malaysians have flood coverage, as reported by the Persatuan Insurans Am Malaysia (PIAM), the need for comprehensive support in the event of floods is more critical than ever

Previous articleFitch Affirms Indonesia At ‘BBB’; Outlook Stable
Next articleAfter A Lasting Allure, What’s Next For Gold?


Please enter your comment!
Please enter your name here