What is Machinery Loan Malaysia?

Looking for machinery loan malaysia? You're in the right place. Whether you're a manufacturer expanding operations, a logistics company upgrading your fleet, or an SME investing in new equipment, understanding your financing options is crucial for business growth.

Machinery Loan Malaysia is a type of business financing that allows companies to purchase machinery, equipment, or industrial assets without paying the full amount upfront. Instead, the cost is spread over a fixed period with regular repayments.

This financing option is particularly popular among:

Manufacturing companies
Construction firms
Logistics and transportation businesses
Agricultural enterprises
SMEs expanding their operations

Why Banks Reject Machinery Loans

Most Malaysian banks have strict criteria for machinery financing:

Age limit: Won't finance machinery older than 5 years
High down payment: Require 10-30% upfront
Long approval: 2-4 weeks processing time
Used equipment: Often rejected outright
SME unfriendly: Prefer established corporations

Bank vs. Ing Heng Credit

Feature	Bank	Ing Heng Credit
Down Payment	10-30%	0%
Financing	70-90%	100%
Machinery Age Limit	Maximum 5 years	NO limit
Approval Time	2-4 weeks	24-48 hours
Used Machinery	Usually rejected	Welcomed
Max Loan Amount	Varies	Up to RM10 Million

Types of Machinery We Finance

Manufacturing Equipment

CNC Machines: Lathes, milling machines, routers
Injection Molding: Plastic molding machines
Production Lines: Assembly equipment
Packaging Machines: Automated packers

Construction Machinery

Excavators: All sizes from mini to large
Cranes: Mobile, tower, crawler cranes
Loaders: Wheel loaders, backhoe loaders
Bulldozers: All brands

Logistics & Transport

Trucks: Lorries, prime movers, trailers
Forklifts: Electric, diesel, reach trucks
Container handlers: Side loaders, reach stackers

Loan Amounts & Interest Rates

Machinery Loan Malaysia rates at Ing Heng Credit:

Loan Amount	Interest Rate	Tenure
RM50,000 - RM500,000	From 4.5% p.a.	1-5 years
RM500,000 - RM2,000,000	From 4% p.a.	1-7 years
Above RM2,000,000	Negotiable	Up to 10 years

*Rates are indicative and subject to credit assessment.

How to Apply for Machinery Loan Malaysia

Step 1: Assess Your Needs

Determine exactly what equipment you need and get quotes from suppliers.

Step 2: Gather Documentation

Prepare your business registration documents, financial statements, and equipment quotations.

Step 3: Submit Application

Apply online or visit our office. Our team will review your application within 24-48 hours.

Step 4: Approval & Disbursement

Once approved, funds can be disbursed directly to the equipment supplier.

Documents Required

To apply for machinery loan malaysia, you'll need:

Business Registration (SSM) - Company must be registered in Malaysia
Financial Statements - Last 2 years of audited or management accounts
Bank Statements - Last 6 months
Equipment Quotation - From your chosen supplier
Directors' IC - Copy of identification for all directors
Business Profile - Brief description of your company

Success Story

"I run a plastic manufacturing company in Shah Alam. Needed a new injection molding machine - RM380,000. Bank wanted 20% down payment (RM76,000) and rejected my 8-year-old used machine option. Went to Ing Heng Credit. Approved in 2 days. 0% down payment. Financed both the new and used machine. Monthly payment RM8,500. Production doubled. Revenue up 60%. Best decision I made."

— Lim Wei Kang, Plastic Manufacturer, Shah Alam

Why Choose Ing Heng Credit?

40 Years Experience: Since 1985, trusted by 4,000+ businesses
0% Down Payment: Keep your cash for operations
100% Financing: Full machinery cost covered
No Age Limit: Used machinery 10, 15, 20 years? No problem
Fast Approval: 24-48 hours decision
SME Friendly: We understand small business needs

Frequently Asked Questions

What is the minimum loan amount?

The minimum loan amount is typically RM50,000, though this may vary based on the type of equipment being financed.

How long does approval take?

At Ing Heng Credit, we aim to provide approval within 24-48 hours of receiving complete documentation.

Can I finance used machinery?

Yes! We specialize in financing both new and used machinery, with no age limit on equipment.

What if I have bad credit?

We consider each application individually. CCRIS issues don't automatically disqualify you.

Can I pay off the loan early?

Early settlement is allowed. Contact us to discuss your specific situation.

Ready to Get Started?

Don't let capital constraints hold back your business growth. Apply for machinery loan malaysia today.

Contact: +60175700889 (WhatsApp) | 03-3324 8899 (Phone)

Join 4,000+ businesses who have trusted Ing Heng Credit since 1985.