If you have a car loan from Public Bank in Malaysia, you’ll be pleased to know that there are several convenient and secure methods to make your monthly loan payments online. Paying your car loan online not only saves you time but also ensures timely payments, helping you avoid late fees and penalties. In this updated guide for 2023, we’ll walk you through five easy ways to pay your Public Bank car loan online.
Why Pay Your Car Loan Online?
Before we dive into the payment methods, let’s briefly explore why paying your car loan online is a great choice:
- Convenience: Paying online eliminates the need to visit a physical bank branch, saving you time and effort.
- Timely Payments: Online payments can be scheduled in advance, helping you avoid late payment fees.
- Security: Online banking platforms employ advanced security measures to protect your financial transactions.
- Access 24/7: You can make payments at any time of the day or night, even on weekends and holidays.
Now, let’s explore the five easy ways to pay your Public Bank car loan online:
1. Public Bank Online Banking (PBe)
If you have a Public Bank account, you can easily pay your car loan online through Public Bank’s online banking platform (PBe). Here’s how:
- Step 1: Log in to your PBe account using your User ID and password.
- Step 2: Select “Bill Payment” from the main menu.
- Step 3: Choose “New Bill Payment.”
- Step 4: Select “Payee” and search for “Public Bank Hire Purchase.” Add it as a favorite payee.
- Step 5: Enter your car loan account number and the payment amount.
- Step 6: Review the payment details and confirm the transaction.
2. FPX (Financial Process Exchange)
FPX is a convenient method to pay your Public Bank car loan if you have accounts with participating banks. Here’s how to use FPX:
- Step 1: Log in to your Public Bank online account.
- Step 2: Navigate to “Bill Payment” and select “Pay Loan/Financing Payment.”
- Step 3: Choose “To Other Account or To Favourite Account.”
- Step 4: Enter your car loan account number, the beneficiary name (“Public Bank”), and account number (use your Public Bank account number).
- Step 5: Input the payment amount and confirm the transaction.
- Step 6: Select “FPX” as your payment method and choose your participating bank.
- Step 7: You’ll be redirected to your bank’s online banking portal. Log in and follow the prompts to complete the payment.
3. Maybank2u
If you have a Maybank account, you can use Maybank2u to pay your Public Bank car loan online:
- Step 1: Log in to your Maybank2u account.
- Step 2: Select “Payments & Transfers.”
- Step 3: Choose “Bill Payments” and then “Make a one-time payment.”
- Step 4: Under “Payee Corporation,” search for “Public Bank Hire Purchase.”
- Step 5: Enter your car loan account number, payment amount, and payment date.
- Step 6: Confirm the payment details and proceed to complete the transaction.
4. ATM Machines
You can also pay your Public Bank car loan at any Public Bank ATM machine. Here’s how:
- Step 1: Visit any Public Bank ATM machine.
- Step 2: Insert your ATM card and enter your PIN.
- Step 3: Select “Other Transactions.”
- Step 4: Choose “Loan/Financing Repayment.”
- Step 5: Select “Hire Purchase.”
- Step 6: Enter your car loan account number and the payment amount.
- Step 7: Confirm the details and complete the payment.
5. Cash Deposit Machines (CDM)
Public Bank’s Cash Deposit Machines (CDMs) offer another convenient way to make your car loan payments:
- Step 1: Locate a Public Bank CDM.
- Step 2: Insert your ATM card and enter your PIN.
- Step 3: Select “Loan/Financing Repayment.”
- Step 4: Choose “Hire Purchase Payment.”
- Step 5: Enter your car loan account number and the payment amount.
- Step 6: Insert the cash into the machine.
- Step 7: Confirm the payment details and complete the transaction.
Conclusion
Paying your Public Bank car loan online in Malaysia is a hassle-free process, offering convenience, security, and peace of mind. Choose the method that aligns with your banking preferences and enjoy the benefits of timely, stress-free payments. Be sure to keep track of your payment receipts for your records.