Commercial Lorry Financing for Port Klang Logistics Operators

Yes! We finance used lorries up to 15 years old. Older vehicles may require higher down payment (20-30%) or shorter loan terms. The lorry must be in operational condition and pass basic inspection.

We accept commercial lorries up to 15 years old. However, lorries aged 10-15 years typically receive 70-80% financing (20-30% down payment) and shorter loan terms (36-48 months).

Yes! We finance all lorry types including refrigerated trucks, tankers, tippers, lorry cranes, and container trailers. Specialized vehicles may receive preferential rates due to higher revenue potential.

Absolutely! Fleet financing for 2+ lorries receives discounted interest rates. We offer bulk financing packages for logistics companies expanding operations. Volume discounts range from 0.5% to 2% off standard rates.

Yes! Individuals can apply using personal IC, bank statements, and proof of logistics income (delivery contracts, service agreements). However, company registration (SSM) improves approval chances and may secure better rates.

Yes! We support new logistics businesses. Requirements include: SSM registration, directors' IC, 3-6 months bank statements, delivery contracts or letters of intent from clients. We evaluate business viability, not just credit history.

We accept all major brands: Japanese (Isuzu, Hino, Mitsubishi Fuso, UD Trucks, Nissan Diesel), European (Mercedes-Benz, MAN, Scania), and Chinese (Dongfeng, Foton, FAW). Both local assembled and imported lorries accepted.

For logistics operators facing CNY factory closures, festive season slowdowns, or monsoon impacts, we offer flexible payment structures. Example: Lower payments during Nov-Feb (RM 2,000/month), higher during peak Mar-Oct (RM 3,500/month).

Yes! If you're paying high interest rates (above 10%), we can refinance your existing loan. Process involves loan settlement, vehicle ownership transfer, and new loan agreement. Many clients save 2-4% in interest annually.

Interest rates range from 6.5% to 11% annually depending on: credit profile, down payment (10-30%), loan term (12-84 months), lorry age and condition, and fleet size. Competitive rates for SME logistics operators.

Standard down payment: 10-20% for new lorries, 20-30% for used lorries (10-15 years old). Fleet financing may qualify for lower down payments (10%) even for used units. Down payment can sometimes be negotiated based on creditworthiness.

For individuals: IC, 6 months bank statements, proof of income. For companies: SSM registration, company bank statements (6 months), directors' IC, financial statements (if available), delivery contracts (optional but helpful).

Yes! We accept applicants with credit issues. CCRIS/CTOS records don't mean automatic rejection. We review current income, existing contracts, and repayment ability. Many clients with past defaults have been approved.

Yes! We specialize in financing container trailers and prime movers for Port Klang operations. Given Port Klang's record 14.64M TEUs (2024), demand for container haulage is strong. Competitive financing for 20ft and 40ft operations.

Yes, foreigners with valid Malaysian work permits, company registration (SSM), and local operations can apply. Additional requirements: passport, work permit, Malaysian business address, local director/guarantor may be needed.

You remain responsible for loan payments regardless of lorry condition. We strongly recommend comprehensive insurance covering breakdown, accidents, and theft. We can connect you with commercial vehicle insurance providers.

No early repayment penalty! You can settle the loan anytime without extra charges. Many clients pay off loans early when business grows or when refinancing for fleet expansion.

Yes! Trade-in programs available. We assess your old lorry's value, settle the remaining loan (if any), and finance the new lorry. Popular among operators upgrading from older models (10-15 years) to fuel-efficient newer lorries.

Minimum loan: RM 40,000. Maximum loan: RM 5,000,000 for fleet financing. Single lorry financing typically ranges from RM 80,000 (used 3-ton) to RM 800,000 (new prime mover/container trailer).

Standard timeline: 24 hours for approval decision, 3-5 days for documentation and disbursement. Urgent cases (e.g., immediate contract requirements) can be fast-tracked to 1-2 days with complete documentation.