Chiller Truck Financing in Malaysia: The Essential Guide for Cold Chain Logistics

The demand for chiller truck financing in Malaysia is surging as the cold chain logistics sector expands rapidly. Whether you are transporting fresh produce, dairy products, pharmaceuticals, or frozen goods, reliable refrigerated transport is the backbone of your business. However, acquiring a new or used chiller truck involves significant capital investment—often ranging from RM100,000 to RM300,000 depending on the size and specifications.

For many small and medium enterprises (SMEs) and logistics startups, paying cash upfront is not feasible. This is where specialized commercial vehicle financing comes in. At Ing Heng Credit, we understand the unique needs of the cold chain industry and offer tailored financing solutions to help you expand your fleet without draining your cash flow.

In this comprehensive guide, we’ll explore everything you need to know about financing chiller trucks in Malaysia, from eligibility requirements to interest rates and application processes.

Why Chiller Truck Financing is Critical for Your Business

Investing in your own fleet of refrigerated trucks offers significant advantages over outsourcing logistics:

Quality Control: Maintain strict temperature control over your goods, ensuring product integrity and reducing spoilage.
Operational Flexibility: Schedule deliveries according to your business needs, not a third-party provider’s availability.
Cost Efficiency: Over the long term, owning your fleet can be more cost-effective than constant rental or outsourcing fees.
Asset Ownership: Build your company’s asset base, which can improve your balance sheet and creditworthiness.

However, the high entry cost is a barrier. Chiller truck financing bridges this gap, allowing you to acquire the asset immediately while spreading the cost over 3 to 5 years (or more).

How Chiller Truck Financing Works

Chiller truck financing typically operates under a Hire Purchase (HP) agreement or an Industrial Hire Purchase (IHP) facility.

Hire Purchase: You (the hirer) pay monthly installments to the financier (the owner) for the use of the truck. Once all payments are made, ownership is transferred to you.
Margin of Finance: Typically ranges from 70% to 90% of the truck’s value. However, qualified businesses can access up to 100% financing (0 deposit) with Ing Heng Credit.
Tenure: Repayment periods usually range from 3 to 7 years.
Interest Rates: Rates vary based on credit profile, loan tenure, and whether the truck is new or used.

Financing Options for Chiller Trucks

When looking for chiller truck financing in Malaysia, you generally have two main sources:

1. Commercial Banks

Banks offer competitive interest rates but often have strict approval criteria. They typically require:

Strong credit history (CCRIS/CTOS).
At least 2-3 years of business track record.
Audited financial statements showing profitability.
A substantial down payment (usually 20-30%).

Pros: Lower interest rates. Cons: Slow approval process, high rejection rate for new businesses or those with less-than-perfect credit.

2. Credit Companies (like Ing Heng Credit)

Licensed credit companies specialize in commercial equipment and vehicle financing. They offer more flexibility and speed.

Pros:

Faster Approval: Often within 3-5 working days.
Flexible Criteria: Willing to finance startups, SMEs with shorter track records, or businesses with minor credit issues.
Higher Margin of Finance: Up to 100% financing available.
Personalized Service: Tailored repayment plans to match your cash flow.

Cons: Interest rates may be slightly higher than prime bank rates, reflecting the higher risk and flexibility provided.

Key Benefits of Financing with Ing Heng Credit

At Ing Heng Credit, we specialize in financing for chiller trucks, refrigerated lorries, and cold chain vehicles. Here’s why logistics companies choose us:

1. High Approval Rate

We look beyond just the credit score. We assess your business potential, contracts, and industry experience. If you have a valid contract with a supplier or logistics partner, your chances of approval are significantly higher.

2. Minimal Upfront Cost

Cash flow is king. We offer financing packages with low or zero down payment for qualified applicants, allowing you to preserve your capital for operational expenses like fuel, maintenance, and driver salaries.

3. Financing for New & Used Trucks

Whether you’re buying a brand new Hino or Isuzu refrigerated truck, or a quality used unit, we can finance it. We also finance the refurbishment or installation of the refrigeration unit (freezer box) if it’s part of the package.

4. Fast Disbursement

In the logistics business, time is money. Once approved and documentation is signed, we disburse funds quickly to the dealer so you can get your truck on the road and start earning revenue immediately.

Eligibility & Documents Required

To apply for chiller truck financing, you will generally need to provide the following:

For Sendirian Berhad (Sdn Bhd) Companies:

Form 9, 24, 49, M&A (or Superform).
Copy of Director’s NRIC.
Latest 6 months’ bank statements.
Quotation from the truck dealer/supplier.

For Sole Proprietors / Partnerships:

SSM Registration copies.
Copy of Owner’s/Partners’ NRIC.
Latest 6 months’ bank statements.
Quotation from the truck dealer/supplier.

Additional Supporting Documents (Helpful for Approval):

Company profile.
Contracts or Letters of Award (LOA) from clients.
Proof of existing fleet (registration cards).

Frequently Asked Questions (FAQ)

1. Can I get 100% financing for a chiller truck?

Yes, 100% financing (0 deposit) is available for qualified businesses, especially those with strong repayment capacity or solid contracts. Contact us to check your eligibility.

2. Do you finance the refrigeration unit separately?

Typically, we finance the complete vehicle package, which includes the chassis, the insulated box, and the refrigeration unit (e.g., Thermo King, Carrier). The dealer usually provides a quotation for the fully assembled truck.

3. Can I finance a used chiller truck?

Yes, we finance used commercial vehicles. The financing tenure and margin may depend on the age and condition of the truck. Generally, trucks up to 10-15 years old can still be financed.

4. How long does the approval process take?

With complete documents, Ing Heng Credit can provide an approval decision within 3 to 5 working days.

5. What happens if I have bad credit (CTOS/CCRIS issues)?

We evaluate every application on a case-by-case basis. If your business is generating revenue and you can demonstrate repayment ability, we may still be able to offer financing despite minor credit issues.

Final CTA

Ready to Expand Your Cold Chain Fleet?

Don’t let capital constraints hold your business back. Apply for chiller truck financing with Ing Heng Credit today and get the vehicles you need to grow.

Fast Approval
Competitive Rates
Up to 100% Financing

Apply Now via WhatsApp or visit our Contact Page for a free consultation.

Ing Heng Credit & Leasing Sdn Bhd - Your Trusted Commercial Financing Partner in Malaysia.

Chiller Truck Financing Malaysia: Complete Guide 2026 (0 Deposit)