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


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

Call Us

Call our hotline for further information.

1300 888 111

Get in touch

Alternatively, please complete our contact form and we will be in touch as soon as possible.

Get in touch »

Locate Us

Visit the branch that is nearest to you.

Find a Branch »

You might also be interested in

Conventional Term Loan

The Conventional Term Loan is a very simple and cost-effective financing solution The product does not include any flexibility to withdraw any excess payments made. However, customers with low cash-flow usually save due to its low interest rates.

More details »
Business Advance

Business Advance is a one-stop lending solution which provides access to short, medium and long-term funding. With Business Advance, loan processing is quick, easy, convenient, and comprehensive.

More details »
Back to Top

Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.


Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.