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Commercial & Industrial Hire Purchase

Commercial & Industrial Hire Purchase

A facility to upgrade or buy machinery and equipment as part of expanding your business capacity without incurring high upfront payment.

  • Margin of finance:

    Up to 90%

  • Loan period:

    Up to 60 months/5 years

Types of Goods Financed


  • Machineries (e.g. whole range of production lines and machines)
  • Commercial vehicles (e.g. passenger and commercial lorries, buses, taxis, prime movers, trucks)
  • Industrial equipment (e.g. excavators, forklifts, backhoe loaders, cranes)

   

Benefits


  • 12 months utilisation period with zero commitment fees
  • Insurance protection on your assets by Etiqa Insurance Berhad
  • Easy payment options at over 400 Maybank branches nationwide, or online via Maybank2u.com
  • Minimal administrative and documentation costs
  • Non-cancellable facility, providing certainty in cash flow forecasting as the amount and number of instalments is known

Who Can Apply?


  • Sole proprietorships
  • Partnerships
  • Private Limited & Public Limited Companies
  • Download application form here.

Documents Required


  • Certified true copy of M&A
  • Certified true copy of Incorporation (Form 9)
  • Certified true copy of Forms 24 & 49
  • Certified true copy of Audited/Draft/Management Accounts (past 3 years)
  • Bank statement (latest 6 months)
  • Company's profile
  • Profile of Directors and Management Team
  • List of facilities from other financial institutions
  • List of suppliers and customers
  • List of vehicles/machinery/equipment to be purchased
  • Profit and cash flow projection
  • Any contracts/tender, etc.
  • List of completed/current and future projects
  • Form J of all directors/sole proprietor/partners

Locate a Branch

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