Details

  New Equipment Used/Reconditioned Equipment
Type of Financing Hire Purchase
Feature Allows you to purchase either a new or used/Reconditioned equipment from a 3rd party supplier with a down payment, and paying the remainder via a periodic instalment payment scheme.
High Financing Quantum * Up to 90% of purchase price or market value whichever lower * Up to 80% of purchase price or market value whichever is lower
Long Loan Tenure * Up to 5 years * Up to 5 years or 60% of the remaining useful life of the machine, whichever is lower
Interest Calculation * Calculated on fixed rate based on reducing balance * Calculated on fixed rate based on reducing balance

Eligibility

For Hire purchase/ for Term Loan

  • Past 3 years financial statements
  • Past 6 months active bank account statements
  • Equipment Quotation or Pro-forma Invoice
  • Company's Registration M&A, Form 24, 44 & 49 or Company Registration Certificate

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