Hire Purchase 2026 - Complete Equipment Guide Malaysia

# Hire Purchase 2026 - Complete Equipment Guide Malaysia Hire Purchase remains Malaysia's most popular equipment financing option in 2026. Here's what contractors and logistics owners need to know. ## What is Hire Purchase? Hire Purchase lets you: - Use equipment immediately - Pay in monthly installments - Own equipment after final payment ## 2026 Bank Requirements | Requirement | Bank | Ing Heng | |-------------|-------|----------| | **Down Payment** | 10-20% | 0% | | **Loan Amount** | Up to 90% | 100% | | **Interest Rate** | 4.6-6.0% | Competitive | | **Equipment Age** | Under 5 years | No limit | | **Approval Time** | 1-2 weeks | 24-48 hours | ## Real Example: Komatsu PC200 **Price:** RM 180,000 **Bank Hire Purchase:** - Down payment: RM 18,000 - Loan: RM 162,000 (90%) - Monthly (5 years): ~RM 3,200 - Cannot if older than 5 years **Ing Heng Hire Purchase:** - Down payment: RM 0 - Loan: RM 180,000 (100%) - Monthly (5 years): ~RM 3,600 - Any age accepted ## Why Choose Ing Heng Hire Purchase? 1. **No Down Payment** - Keep cash for operations 2. **100% Financing** - Full equipment cost covered 3. **Used Equipment OK** - Even 10-year-old machines 4. **Fast Approval** - Start using equipment in 48 hours ## Equipment We Finance - Excavators (Komatsu, CAT, Hitachi) - Lorries (ISUZU, FUSO, HINO) - Forklifts (Toyota, TCM, Komatsu) - Prime Movers ## 2026 Hire Purchase Tips 1. Check your CCRIS score first 2. Prepare 3 months bank statements 3. Get equipment inspection report 4. Compare total repayment amount 5. Consider early settlement options ## Bad Credit? Still Possible Banks reject hire purchase if: - CCRIS score low - Late payments visible - High debt ratio Ing Heng helps with: - Bad credit hire purchase - CCRIS issues considered - Bank rejected cases ## Get Started Need equipment hire purchase in 2026? Contact Ing Heng for same-day assessment. --- **Ready to apply?** Contact Ing Heng for 0% down payment hire purchase with 48-hour approval.