BHP is applicable for the following:
- Registrable equipment
- Fleet of passenger vehicle for director usage
- Lorry
- Selected machinery/non-registrable equipment acceptable to Maybank
Commercial Hire Purchase
Blanket Hire Purchase (BHP)
A blanket line of financing up to a certain limit offer to borrower / customer to acquire machinery/equipment/vehicles.
Benefits
- High margin of finance of up to 90%
- 12 months utilisation period (for BHP facility)
- Flat rate
- Repayment / payment will commence 1 month from the date of each HP Agreement
- Attractive and competitive interest / profit rate
Tenure
- Flexible repayment / payment tenure up to 60 months for commercial vehicles/machinery/equipment.
- Flexible repayment / payment tenure up to 108 months for passenger vehicles.
Eligibility
- Sole Proprietorships
- Partnerships
- Private Limited & Public Limited Companies
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Floor Stocking
This is offered to new, used, reconditioned, and commercial vehicle dealers for the purchase of motor vehicles stock.
Floor Stocking
A short-term credit facility to finance the purchase of motor vehicles stock by dealers.
Margin of finance
Up to 100%
Loan period
Up to 90 days
Block Discounting
For motor dealers, and credit and leasing companies related to hire purchase and leasing activities.
Block Discounting (Corporate)
For motor dealers, and credit and leasing companies to transform their working capital by discounting blocks of hire purchase and leasing agreement receivables for present cash.
Margin of finance
Up to 90%
Loan period
Up to 60 months/5 years