Fast Excavator Financing for Malaysian Contractors

Yes! We finance used excavators up to 10 years old from any reputable brand including Caterpillar, Komatsu, Hitachi, Kobelco, Hyundai, and Doosan. The excavator must be in good working condition and pass our inspection. Used excavator financing typically requires 10-20% down payment depending on equipment age and condition.

We accept excavators up to 10 years old for financing. For excavators 5-7 years old, standard terms apply. For excavators 8-10 years old, we may require higher down payment (15-20%) or shorter loan terms (24-36 months). Equipment older than 10 years requires case-by-case evaluation.

Absolutely! We specialize in helping new contractors get started. Unlike banks that focus only on credit history, we evaluate your project potential, existing contracts, and business plan. Our 95% approval rate proves we support growing businesses. Many successful clients started with us as first-time equipment buyers.

We consider each application individually. Bad credit or past defaults don't mean automatic rejection. We look at your current financial situation, ongoing projects, customer contracts, and equipment value. Many successful clients had credit issues before working with us. The excavator serves as collateral, reducing our risk and increasing your approval chances.

Yes! We understand construction seasonality in Malaysia. Our seasonal payment plans allow lower payments during monsoon months (November-February) when construction slows, and higher payments during peak season (March-October) when you have more projects and cash flow. This unique feature helps contractors maintain operations year-round.

We accept all major brands: Caterpillar (CAT), Komatsu, Hitachi, Kobelco, Hyundai, Doosan, SANY, XCMG, Volvo, Sumitomo, JCB, and Liebherr. Both Japanese, American, Chinese, Korean, and European brands are acceptable. For Chinese brands like SANY and XCMG, we may require slightly higher down payment due to resale value considerations.

Standard approval takes 24 hours (1 business day) from complete document submission. Urgent cases with immediate project deadlines can be processed in 8-12 hours with premium service. We prioritize contractors who need equipment quickly for government tenders or time-sensitive projects. Submit your application in the morning, get approval by evening.

For individuals: (1) IC or Passport, (2) 6 months bank statements, (3) Income proof (salary slips, EPF statements, or project contracts). For companies: (1) SSM registration (Form 9/24/49), (2) Company bank statements (6 months), (3) Directors' IC copies, (4) Financial statements if available (not mandatory for new companies), (5) Project contracts if available (helps approval). The process is simple and straightforward.

Yes! We offer trade-in and upgrade programs. After 12-18 months of timely payments, you can trade in your current excavator and upgrade to a larger or newer model. We refinance the remaining balance and add funds for the new equipment. Many clients start with 5-ton mini excavators and upgrade to 10-20 ton machines as their business grows.

Equipment insurance is recommended but not mandatory. We can connect you with insurance providers offering comprehensive coverage for excavators. If uninsured equipment breaks down, you remain responsible for loan payments. Consider comprehensive insurance (RM 3,000-8,000 annually depending on value) for peace of mind. Insurance also covers theft, which is common in construction sites.

No early repayment penalty! Pay off your loan anytime without extra charges. Many clients refinance after 12-18 months when their business grows and they qualify for better rates (2-4% lower). You can also make extra payments during peak season to reduce interest costs. This flexibility helps contractors optimize their finances.

Interest rates range from 7.5% to 12% per annum depending on: (1) Credit profile and credit score, (2) Down payment amount (higher down payment = lower rate), (3) Loan term length (shorter term = lower rate), (4) Equipment age and brand (newer equipment = lower rate). Our rates are competitive compared to banks (9-15%) and dealer financing (10-18%). Contact us for personalized quote.

Yes! Fleet financing available for contractors purchasing 2 or more excavators simultaneously. Benefits include: (1) Volume discount on interest rates (0.5-1% reduction), (2) Single consolidated payment, (3) Streamlined approval process. Perfect for contractors expanding operations or taking on multiple large projects simultaneously. We've financed fleets up to 8 excavators for growing businesses.

The excavator serves as primary collateral. For loans above RM 500,000, we may require additional collateral such as: (1) Property (residential or commercial), (2) Fixed deposits, (3) Personal or corporate guarantors. Most standard excavator loans (below RM 500,000) need no extra collateral. The equipment value adequately secures the loan.

Minimum loan: RM 30,000 for mini excavators. Maximum loan: RM 3,000,000 for large excavators and fleets. We can finance up to 90% of equipment value (10% down payment required). For used equipment, we may finance 80-85% of current market value (15-20% down payment). Loan amount also depends on your income and repayment capacity.

Yes, foreigners with valid work permits and Malaysian company registration can apply. Required documents: (1) Valid passport, (2) Work permit or MM2H visa, (3) Malaysian business registration (SSM), (4) Local guarantor (Malaysian citizen or PR), (5) 6 months bank statements. Approval rates for foreigners are slightly lower (85-90%) but still very competitive.

We offer refinancing and loan restructuring services. If you're paying high interest (above 12%) elsewhere, we can buy out your existing loan and provide better terms. Many clients save 2-4% in interest annually by refinancing with us. We can also consolidate multiple equipment loans into one payment for easier cash flow management.

Yes! We can include attachments (buckets, breakers, hydraulic hammers, rippers, grabs) in the excavator financing package. Spare parts can be financed separately if purchased with the excavator. Package deals available: Excavator + Trailer + Attachments for comprehensive equipment financing. This helps contractors get fully operational equipment in one transaction.

We serve all Malaysian states: Selangor, Kuala Lumpur, Johor, Penang, Perak, Pahang, Negeri Sembilan, Melaka, Kedah, Kelantan, Terengganu, Sabah, Sarawak, and more. Our office is in Klang, Selangor, but we process applications nationwide. Remote area processing available online and via WhatsApp. We've financed excavators for contractors from Perlis to Sabah.

For used excavators, we strongly encourage inspection and testing before final approval. Bring your experienced operator to test the machine. Check hydraulic systems, engine condition, undercarriage wear, and boom/bucket functionality. We want you to be 100% satisfied with your equipment choice before signing the loan agreement. For new excavators, dealer demonstrations are typically arranged.