Car insurance renewal often arrives at an awkward time. The premium is due in one payment, usually alongside road tax, and it can take a big bite out of a single month’s budget. If you hold a credit card, an Easy Payment Plan (EPP) gives you another way to pay.
This guide explains what EPP is, which banks support it when you renew on Bjak, how to choose it at checkout and what to check before you commit to a tenure.
What is EPP?
An Easy Payment Plan, or EPP, is a credit card instalment plan. Instead of charging the full amount to your card at once, the bank converts the purchase into equal monthly instalments over a fixed period. Each instalment then appears on your monthly credit card statement until the plan ends.
Malaysian banks offer EPP on many big purchases, from electronics to furniture. Many plans are promoted as 0% interest, but terms differ by bank and merchant. CIMB, for example, reminds cardholders to check for administrative fees and warns that the 0% rate may be withdrawn if instalments are paid late. You can read more in CIMB’s guide to BNPL and EPP payments in Malaysia.
When you use EPP for car insurance, you still buy a normal annual policy. Only the way you pay changes.
Why use EPP to renew your car insurance?
EPP can help if you want to keep your car insured without paying the full premium in one go. Common reasons include:
Easier budgeting: a fixed amount each month is simpler to plan for than one large bill.
Better cash flow: you keep more money in your account for other expenses in the renewal month.
Automatic billing: each instalment is charged to your credit card statement, so you do not need to make separate transfers.
No change to your cover: your policy, coverage and No Claim Discount (NCD) stay the same whichever way you pay.
EPP on Bjak: minimum amount and participating banks
According to Bjak’s payment options page, credit card EPP is available to eligible cardholders of participating banks when the order total is at least RM500. Banks may set higher minimum amounts for longer tenures, and the final terms depend on your bank’s approval.
The table below shows the tenures listed for each bank at the time of writing.
Bank
EPP tenures (months)
Affin Bank
6, 12, 24, 36
Alliance Bank
6, 12, 24, 36
AmBank
6, 12, 24, 36
CIMB
6, 12
Hong Leong Bank
6, 12, 24, 36, 48, 60
HSBC
6, 12
Maybank
6, 12, 18, 24, 36
OCBC
6, 12, 24, 36
Public Bank
6, 12, 24, 36
RHB
6, 12, 24, 36
Standard Chartered Bank
6, 12
UOB
6, 12, 24, 36
The list of banks and tenures can change, so always confirm the options shown at checkout before you pay.
How much will you pay each month?
Your monthly instalment depends on your premium and the tenure you choose. Using a RM1,200 premium as an example, before any bank fees:
Tenure
Monthly instalment
6 months
RM200
12 months
RM100
24 months
RM50
36 months
RM33.33
A longer tenure gives you a smaller monthly amount, but it also keeps part of your credit limit tied up for longer. In some cases, the plan may still be running when your next renewal is due. Choose a tenure you are comfortable repaying in full.
How to use EPP to renew your car insurance on Bjak
Go to Bjak car insurance and enter your vehicle and owner details to get a quote.
Compare the premiums, coverage, sum insured and add-ons from the available insurers and takaful operators.
Choose your plan and continue to checkout.
Select credit card EPP as your payment method.
Pick a tenure from the options your bank offers for your order amount.
Enter your credit card details and follow your bank’s instructions to complete the payment.
Once the payment is processed, your policy is issued and the instalments are billed to your credit card each month.
If you also need to renew road tax, Bjak lets you handle both in one transaction where available. Our guide on how to renew car insurance and road tax together explains the process.
What to check before choosing EPP
EPP is convenient, but it is still credit. Before you confirm, check the following:
Card eligibility: EPP only works with credit cards from participating banks. Debit cards are not accepted for EPP.
Credit limit: make sure your available limit can cover the full premium.
Fees and bank terms: your bank’s own terms apply. Any fee is shown before you confirm, and Bjak explains how charges are displayed in its note on hidden fees.
Late payments: missing an instalment can lead to late charges from your bank and may cancel any promotional rate.
Total amount payable: look beyond the monthly figure and check the full cost over the whole tenure.
EPP or BNPL?
EPP is not the only instalment option on Bjak. If you do not have a credit card, Buy Now, Pay Later (BNPL) providers may be available instead. BNPL providers charge their own fees and usually offer shorter tenures, while EPP can run for longer with participating banks.
An Easy Payment Plan turns a large car insurance premium into fixed monthly credit card instalments, without changing your cover or NCD. On Bjak, EPP is available for orders from RM500 with a range of Malaysian banks, and tenures can reach up to 60 months depending on your bank.
Before you pay, check your bank’s terms, your credit limit and the total amount payable. Then pick the tenure that fits your budget and pay every instalment on time.
Usually not. You can choose credit card EPP at checkout on Bjak if your card is from a participating bank. Your bank still decides whether to approve the plan and which tenures you can use.
Can I use a debit card for EPP?
No. EPP is only available on credit cards from participating banks. If you do not have a credit card, you can check the Buy Now, Pay Later options shown at checkout instead.
What is the minimum amount for EPP on Bjak?
Credit card EPP on Bjak is available for orders of at least RM500. Some banks set higher minimum amounts for longer tenures.
Are there any charges for using EPP?
It depends on your bank. Your bank’s terms apply, and any fee is shown before you confirm your payment. Late instalments may also lead to charges from your bank.
Does paying with EPP affect my coverage or NCD?
No. EPP only changes how you pay. You still buy an annual policy, and your coverage and No Claim Discount stay the same.
Nabil Farhan· · 5 min read
