Equipment Loan Singapore Top Banner

Features

Up to 90% financing

Up to 90% financing

Take advantage of our high loan quantum

Attractive interest rates

Attractive interest rates

Ease your cashflow with cost savings

Up to 5 years tenure

Up to 5 years tenure

Enjoy flexibility in repayment periods

Details

  • Finance up to 90% for new equipment
  • Finance up to 80% for used equipment
  • Refinance your fully paid up/unencumbered equipment under our Debenture Loan with high financing quantum

COVID-19 loan reliefs for existing Hire Purchase customers

  • Deferment of Hire Purchase principal
  • For borrowers with loan repayments that are no more than 90 days past due as at 6 Apr 2020
  • No need for borrowers to demonstrate any impact from COVID–19 to obtain deferment
  • Deferment period is until 31 Dec 2020
  • Principal deferment for Hire Purchase is subject to approval

For more information, please call 6579 6777 for deferment of Hire Purchase principal.

Other Benefits

Eligible for free Exclusive Privileges Programme membership

  • Enjoy up to 50% off for hotel dining and discounted hotel stay

Eligibility

  • Singapore-registered entity

How Equipment Loan Works

Buyer source and obtain quotations
One

Buyer source and obtain quotations for equipment or machinery

For unencumbered equipment, customer to provide details of equipment to be refinanced under Debenture Loan

Buyer to submit quotation
Two

Buyer to submit quotation and relevant documents for loan application

Under Debenture Loan, Hong Leong Finance will obtain a valuation report upon receipt of the equipment details

Prepare HP agreement
Three

Upon approval, prepare HP agreement for execution

Delivery of goods
Four

Delivery of goods

Seller provides HLF with Delivery order and invoice
Five

Seller provides Hong Leong Finance with Delivery order and invoice

HLF makes payment upon confirmation
Six

Hong Leong Finance makes payment upon confirmation that all is in order

Buyer make monthly payment to HLF
Seven

Buyer make monthly payment to Hong Leong Finance

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