Hire Purchase Equipment Financing
Own your equipment through flexible monthly payments. Fast approval, competitive rates, and terms up to 60 months. Get your business equipped today!
What is Hire Purchase Financing?
Hire purchase (HP) is an asset financing solution that allows businesses and individuals to acquire essential equipment through manageable monthly installments. Instead of paying the full cost upfront, you spread the payment over 1 to 5 years while using the equipment to generate revenue for your business.
This financing method is particularly popular for construction equipment, logistics vehicles, and industrial machinery where the equipment's immediate use creates cash flow to service the monthly payments. Upon completion of all installments, full ownership transfers to you automatically.
How Hire Purchase Works:
- 1. Choose Your Equipment: Select the machinery or vehicle your business needs
- 2. Apply for Financing: Submit a simple application with basic documentation
- 3. Get Approved Fast: Receive approval within 24 hours (95% approval rate)
- 4. Pay Down Payment: Contribute 10-30% down payment based on equipment
- 5. Use & Pay Monthly: Start using equipment immediately while making monthly payments
- 6. Own the Equipment: After final payment, equipment ownership transfers to you
Why Choose Our Hire Purchase Financing?
We've helped over 500 Malaysian businesses acquire the equipment they need to grow
24-Hour Approval
Get your application approved within 24 hours. Our streamlined process means minimal waiting time and fast equipment delivery.
Competitive Interest Rates
Enjoy industry-leading rates starting from 2.88% p.a. We work with multiple financiers to get you the best possible terms.
Flexible Payment Terms
Choose repayment periods from 12 to 60 months. Customize your payment schedule to match your cash flow and business cycle.
95% Approval Rate
With our extensive lender network and expertise, we maintain one of the highest approval rates in the industry.
Multilingual Support
Our team serves you in English, Mandarin, and Bahasa Malaysia. Get assistance in your preferred language.
Low Down Payment Options
Start with as low as 10% down payment for qualified applications. We make equipment ownership accessible to all businesses.
New & Used Equipment
Finance both brand new and pre-owned equipment up to 10 years old. Quality assets at prices that fit your budget.
No Hidden Fees
Transparent pricing with all fees disclosed upfront. No surprises, just honest financing solutions.
Equipment We Finance
From construction to logistics, we finance the equipment that drives your business forward
Construction Equipment
- β’ Excavators (1-40 tons)
- β’ Bulldozers
- β’ Backhoe Loaders
- β’ Road Rollers
- β’ Wheel Loaders
- β’ Skid Steer Loaders
Logistics Vehicles
- β’ Lorries & Trucks
- β’ Container Trucks
- β’ Prime Movers
- β’ Cargo Vans
- β’ Trailer Trucks
- β’ Dump Trucks
Lifting Equipment
- β’ Forklifts (1-25 tons)
- β’ Mobile Cranes
- β’ Tower Cranes
- β’ Reach Stackers
- β’ Aerial Work Platforms
- β’ Scissor Lifts
Power & Others
- β’ Generators (10-500kVA)
- β’ Air Compressors
- β’ Concrete Mixers
- β’ Welding Machines
- β’ Compactors
- β’ Industrial Equipment
Don't see your equipment listed? We finance a wide range of commercial and industrial assets.
Inquire About Your EquipmentHow to Apply for Hire Purchase
Our simple 4-step process gets you equipped in no time
Contact Us
Call, WhatsApp, or email us with your equipment needs. Our specialists respond within hours.
Submit Documents
Provide basic business documents and equipment quotation. We guide you through the entire process.
Get Approved
Receive approval within 24 hours. We'll present the best financing terms available for you.
Get Your Equipment
Sign the agreement, pay down payment, and receive your equipment. Start generating revenue immediately!
Application Requirements
Simple documentation for fast processing
For Companies (Sdn Bhd)
- SSM Company Registration (Form 9 & 49)
- Latest 6 months bank statements
- Directors' IC/Passport copies
- Financial statements (if available)
- Equipment quotation/invoice
For Individuals/Sole Proprietors
- IC/Passport copy
- Latest 6 months bank statements
- Business registration (if applicable)
- Income proof (payslips/EPF statement)
- Equipment quotation/invoice
Our team will guide you through the documentation process and can assist with any missing paperwork.
Start Your ApplicationFrequently Asked Questions
Everything you need to know about hire purchase financing
Hire purchase is a financing method where you pay for equipment through monthly installments while using it for your business. Once all payments are complete, ownership of the equipment transfers to you. It's ideal for businesses that need equipment immediately but prefer to spread the cost over time.
We finance a wide range of equipment including excavators, bulldozers, backhoes, road rollers, lorries, container trucks, forklifts, cranes, generators, and other construction and logistics equipment. Both new and used equipment (up to 10 years old) are accepted.
We maintain a 95% approval rate and process applications within 24 hours. Once approved, funds can be disbursed within 3-5 working days. Our streamlined process requires minimal documentation and our team works efficiently to get you equipped quickly.
We offer flexible payment terms ranging from 12 to 60 months (1 to 5 years). The term length depends on the equipment type, age, and your business needs. Longer terms mean lower monthly payments, while shorter terms mean you own the equipment faster.
Required documents include: Company SSM registration, latest 6 months bank statements, IC/passport of directors, business financial statements (if available), quotation or invoice for the equipment, and equipment specifications. Our team will guide you through the documentation process.
Yes! We finance both new and used equipment. For used equipment, we typically accept machinery up to 10 years old, subject to condition assessment. The age and condition of equipment may affect the loan amount and terms offered.
Down payment requirements vary from 10% to 30% depending on equipment type, age, and your credit profile. We offer competitive down payment options to make equipment ownership accessible. In some cases, lower down payments may be arranged for qualified businesses.
We understand that businesses face cash flow challenges. If you anticipate payment difficulty, contact us immediately. We can work out payment arrangements or restructuring options. Late payments may incur charges, and consistent default could result in equipment repossession as per agreement terms.
Yes, early settlement is allowed and encouraged. You can pay off the remaining balance at any time, and we'll provide a settlement statement. Early settlement may involve administrative fees, but you'll save on future interest charges. Contact us for your settlement quote.
Simply call us at 017-570 0889, WhatsApp us, or fill out our online contact form. Our financing specialists will discuss your equipment needs, explain available options, and guide you through the application process. We make it quick and easy to get your business equipped.
Have more questions? Our financing specialists are here to help.
Ready to Get Your Equipment?
Join 500+ Malaysian businesses that trust Ing Heng Credit for their equipment financing needs. Get approved in 24 hours with our industry-leading 95% approval rate.
Get Your Free Quote Today
Fill out the form below and our financing specialists will contact you within 24 hours