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	fasts

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 fasts

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.

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Ready to apply? Contact Ing Heng for 0% down payment hire purchase with fast approval.