Velocity Direct Sdn Bhd (VDSB), formerly known as Smart Wisdom Sdn Bhd, is a licensed money lending company and a proud subsidiary of Velocity Capital Partner Berhad, a Bursa Malaysia listed entity on the Main Market. VDSB is engaged in the provision of installment payment schemes for the purchase of consumer products and motorcycles.

As part of Velocity Capital Partner Berhad’s strategic expansion into the financial services sector, VDSB plays a key role in serving niche markets, particularly within the moneylending industry, by delivering customized financial solutions tailored to the specific needs of our customers.

Our services are designed specifically for government employees, helping them manage their cash flow more efficiently through accessible financing options. We offer:

➢ Motorcycle Financing

➢ Consumer Product Financing (e.g., mobile phones, electrical & electronic appliances)

 These financing solutions are provided via Shariah-compliant Hire Purchase-i agreements, with easy and systematic repayment through ANGKASA salary deductions.

To enhance user experience and ensure greater convenience, VDSB offers a comprehensive one-stop financing solution through its SIMPEL platform. The platform imposes no hidden charges, no upfront deposits, no requirement for guarantors, and no collateral, thereby ensuring a user-friendly and transparent financing experience. Additionally, SIMPEL grants users access to an integrated online store, supported by an application process that is both efficient and seamless.

Product Description 

A.  Motorcycle Financing 

The Motorcycle Financing Scheme from SIMPEL is among the few financial solutions specifically designed to provide hassle-free financing exclusively for government servants, ensuring a seamless and convenient experience. In light of the rising cost of living, we firmly believe that owning a motorcycle offers a more economical and practical alternative to owning a car, making it an ideal choice for budget-conscious individuals seeking reliable personal transportation.

B. SMARTPHONE FINANCING

The Smartphone Financing Scheme from SIMPEL is among the few financial solutions specifically designed to provide hassle-free financing exclusively for government servants, ensuring a seamless and convenient experience. In light of the rising cost of living, owning essential gadgets such as smartphones has become increasingly important for both personal and professional use. The scheme offers an affordable and practical alternative to outright purchases, allowing government servants to access the latest technology without the burden of high upfront costs. By providing flexible payment terms and a straightforward application process, SIMPEL aims to empower individuals to stay connected and productive while managing their finances effectively.