Why Fast Approval Matters for Prime Movers
In the haulage industry, timing is everything. Shipping line contracts, port opportunities, and customer demands don't wait. When you find the right prime mover at the right price, you need financing now, not weeks later.
Ing Heng Credit understands this urgency. With 24-hour approval for complete applications, we help you:
- Secure time-sensitive opportunities - Don't lose contracts to faster competitors
- Take advantage of dealer promotions - Limited-time offers expire quickly
- Meet shipping line requirements - Some contracts mandate specific fleet capabilities
- Start earning revenue sooner - Every day without equipment is lost income
Required Documents for Fast Approval
The key to 24-hour approval is submitting complete documentation upfront. Missing information causes delays, so prepare everything before applying.
Document Checklist
- Company Registration (SSM) - Form 9 & 24/49 for companies, Business Registration Certificate for sole proprietors
- Bank Statements - Latest 3 months company bank statements (all pages)
- IC Copies - MyKad of all directors/partners (front and back)
- Prime Mover Quotation - From dealer or seller with detailed specifications
- Optional: Latest income tax return, financial statements, APAD permits
Application Process: From WhatsApp to Approval
WhatsApp Your Documents
Send photos or PDFs of your required documents to our WhatsApp. This is the fastest way to start your application. Our team confirms receipt immediately.
Review & Assessment (Same Day)
Our team reviews your application immediately. If anything is missing, we'll request it right away to avoid delays. Complete applications move to underwriting.
Approval Decision (24 Hours)
Receive your approval letter within 24 hours for complete applications. This includes your financing amount, interest rate, and repayment terms.
Sign & Collect (3-5 Business Days)
Sign the hire purchase agreement and we'll pay the dealer directly. Collect your prime mover and start operations. Fast track available for urgent cases.
Financing Terms: What We Offer
0% Down Payment
Qualified applicants pay nothing upfront. Preserve cash for operations, driver recruitment, and GPS compliance systems.
Rates from 2.88% p.a.
Competitive flat rates help you maximize profitability while investing in fleet expansion.
Up to 7 Years Tenure
Longer repayment period means lower monthly payments, improving cash flow for growing operations.
New Companies Welcome
We finance businesses less than 2 years old. Higher down payment or personal guarantee may apply.
Tips for Faster Approval
Submit Complete Documents
Ensure all bank statements include all pages. Missing pages cause verification delays and slow down approval.
Use WhatsApp for Fast Communication
WhatsApp allows instant photo sharing and quick clarifications. Avoid email delays for document exchanges.
Be Responsive to Follow-Ups
If we request additional information, respond quickly. Fast responses keep your application moving forward.
Have Dealer Quotation Ready
Include specific prime mover details (make, model, year, price) in your quotation. Vague quotes cause clarification delays.
Frequently Asked Questions
How fast can I get approved for prime mover financing?
Ing Heng Credit provides approval within 24 hours for complete applications. Full disbursement typically occurs within 3-5 business days after approval. The key is submitting all required documents via WhatsApp for immediate processing.
What documents do I need for prime mover financing approval?
Required documents include: Company registration (SSM Form 9 & 24/49 or Business Registration Certificate), latest 3 months bank statements, MyKad copies of all directors/partners, and the prime mover quotation from dealer or seller. Additional documents may be requested based on your business profile.
Can I get 0% down payment for prime mover financing?
Yes! 0% down payment is available for qualified applicants. Eligibility depends on your company's credit profile, business history, and the prime mover value. Many hauliers have successfully obtained 0% down payment financing, preserving cash for operations.
Do you finance new companies without operating history?
Yes! We finance new companies (less than 2 years old) for prime movers. Requirements may include higher down payment or personal guarantee from directors, but we work to find solutions for all eligible businesses entering the haulage industry.
What is the interest rate for prime mover financing?
Our prime mover financing rates start from 2.88% p.a. flat rate. The final rate depends on your company profile, credit history, and the prime mover model. Contact us for a personalized quote based on your specific requirements.