Hoist System 2026: Overhead Lifting Guide

What is a Hoist System?

A hoist lifts heavy items up. It uses a cable and motor. It hangs from above.

Hoists move items vertically. They lift loads to high places. This makes work safer and easier.

Why Use Hoist Systems?

• Lift heavy items safely
• Save worker strength
• Prevent back injuries
• Faster lifting
• Move items overhead

Hoist System vs Manual Lifting

Feature	Hoist System	Manual Lifting
Weight Capacity	500kg-10 tons	20-50kg max
Safety	Very safe	High injury risk
Worker Effort	Low (push button)	High (physical)
Price	RM10,000-50,000	RM0
Speed	Fast	Slow

Bank vs Our Financing

Feature	Bank	Ing Heng Credit
Down Payment	10-20%	0%
Interest Rate	4.6-6.0%	Competitive rates
Financing	90% max	100% full loan
Age Limit	Max 5 years	NO age limit
Approval Time	2-4 weeks	24-48 hours

Hoist System Prices 2026

Electric Chain Hoist:

• 500kg capacity: RM3,000-5,000
• 1 ton capacity: RM5,000-8,000
• 2 ton capacity: RM8,000-12,000
• 5 ton capacity: RM15,000-25,000

Wire Rope Hoist:

• 1 ton capacity: RM8,000-12,000
• 5 ton capacity: RM20,000-35,000
• 10 ton capacity: RM35,000-50,000

Types of Hoist Systems

Electric Chain Hoist

Uses chain to lift. Good for light to medium loads. Lower cost. Compact size.

Wire Rope Hoist

Uses steel cable. Good for heavy loads. Higher cost. Strong and durable.

Pneumatic Hoist

Uses air pressure. Good for explosive areas. No sparks. Safe for chemicals.

Manual Chain Hoist

Operated by hand. No power needed. Lowest cost. Slow but reliable.

0% Down Payment Example

Scenario: Install RM20,000 hoist system

Cost	Bank (10% down)	Ing Heng (0% down)
System Price	RM20,000	RM20,000
Down Payment	RM2,000	RM0
Loan Amount	RM18,000	RM20,000
Cash Needed	RM2,000	RM0

Overhead Lifting Benefits

• Safe: No back injuries
• Fast: Quick lifting
• Heavy loads: Lift tons easily
• Saves space: Items hang overhead
• One person: One worker can lift heavy items

ROI Example

Before hoist:

• 3 workers lift heavy items
• 10 lifts per day
• Cost: RM2,500 x 3 = RM7,500/month

After hoist:

• 1 worker operates hoist
• 30 lifts per day
• Cost: RM2,500 + RM400 = RM2,900/month

Monthly savings: RM7,500 - RM2,900 = RM4,600

Annual savings: RM4,600 x 12 = RM55,200

Used Hoist Financing

Used hoists cost less. We finance used equipment.

Used prices:

• 2-3 years old: 50-60% of new price
• 4-5 years old: 30-40% of new price

Our advantage: NO age limit - we finance any age

Bank problem: Usually won't finance used hoists

Why Choose Ing Heng Credit?

Since 1985, we've helped 4,000+ businesses.

• 0% down payment - No cash needed
• 100% full loan - Full financing
• NO age limit - Any equipment age
• Fast approval - 24-48 hours
• Easy process - Simple documents

FAQ - Hoist Financing

Q: How much down payment?
A: 0% down payment with us. Banks want 10-20%.

Q: Can I finance used hoists?
A: Yes! NO age limit on used equipment.

Q: How fast is approval?
A: 24-48 hours. Banks take 2-4 weeks.

Q: What interest rate?
A: Competitive rates. Banks charge 4.6-6.0%.