Digital Application of Motorbike Loans Now Available at Boost Bank for Malaysians
In a significant stride towards enhancing mobility for Malaysians, Boost Bank has launched the Motorbike Loan, a collaboration with DCAP Digital that aims to provide a digitally accessible solution to a real, everyday need.
Fozia Amanulla, CEO of Boost Bank, underscores the importance of mobility in enabling opportunities and livelihoods, particularly among the underserved segment. She emphasises that this partnership sets a new benchmark for mobility financing in Malaysia.
The Motorbike Loan is powered by DCAP Digital's AI-driven credit engine, ensuring a streamlined and accessible application process. This innovation has gained traction among first-time buyers, gig workers, and commuters, making it easier for them to secure up to 90% financing for new mopeds below 250cc.
Wilson Kok, Co-Founder and Chief Risk Officer of DCAP Digital, highlights this collaboration as a significant milestone for DCAP Digital in the motorcycle ecosystem. He expresses pride in the company's deep expertise in the motorcycle market and commitment to innovation.
Applications are processed faster due to DCAP Digital's AI-driven credit engine. Borrowers can track their loan status and view e-statements via the Boost Bank app. Repayments are managed through the same platform, making the process seamless and convenient.
Fixed interest rates for the loan range up to 10% per annum, and repayment periods can extend up to 60 months, providing flexibility for borrowers. The Motorbike Loan is available at selected dealers and will be expanded across Peninsular Malaysia.
This partnership between Boost Bank and DCAP Digital continues to strengthen DCAP Digital's strong footing in the motorcycle ecosystem. Kok emphasises that the company is committed to delivering fair and responsible lending practices while maintaining its focus on innovation.
The Motorbike Loan launched as a pilot in June 2025 and has since been making a positive impact on the lives of many Malaysians. It is part of Boost Bank's efforts to address the needs of first-time buyers, gig workers, and commuters in Malaysia, empowering them financially and literally.
