- 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)
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.
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Margin of finance:
Up to 90%
-
Loan period:
Up to 60 months/5 years
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
Maybank Work+
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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
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