- 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%
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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
More Info
- Click here for Business Hire Purchase (Conventional) Product Disclosure Sheet (English)
- Click here for Business Hire Purchase (Conventional) Product Disclosure Sheet (BM)
- Click here for Business Hire Purchase (Islamic) Product Disclosure Sheet (English)
- Click here for Business Hire Purchase (Islamic) Product Disclosure Sheet (BM)
Locate a Branch
Find a Maybank branch nearby you
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Blanket Hire Purchase (BHP)
A blanket line of financing up to a certain limit offer to borrower / customer to acquire machinery/equipment/vehicles.
Direct Hire Purchase (DHP)
An ad-hoc financing to acquire one or more units or machinery/equipment/vehicles.