Features & Benefits
Financing Tenure of up to 7 years
Tenure differs with the type of equipment / machinery which ranges between 3 up to 7 years
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Tenure differs with the type of equipment / machinery which ranges between 3 up to 7 years
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Fixed Installment
Fixed monthly repayment amount throughout entire financing tenure
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Fixed monthly repayment amount throughout entire financing tenure
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Fixed interest rate
Interest rates remains unchanged for the duration of the loan
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Interest rates remains unchanged for the duration of the loan
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High Margin of Financing
Enjoy competitive rates and margin of financing up to 80%*
* Subject to Bank’s credit evaluation
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Enjoy competitive rates and margin of financing up to 80%*
* Subject to Bank’s credit evaluation
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Minimal Admin Cost
Pay minimal administration and documentation fees
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Pay minimal administration and documentation fees
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- Business entities such as:
i) Sole Prop
ii) Partnership
iii) Limited Liability Partnership,
iv) Private Limited Company (Sdn Bhd) - Business registered with either:
i) Companies Commission of Malaysia either under the Registrar of Business Act (1956) or Companies Registration Act 1965 and / or the Companies Registration Act 2016 or Limited Liability Partnership Act 2012; or
ii) Respective authorities or district offices in Sabah and Sarawak; or
iii) Respective statutory bodies for professional services providers - Financing for an equipment and/or machinery which is not listed in the first schedule of the Hire Purchase Act 1967 for business and / or industrial purposes.
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Following are some of the necessary documents required to process the IHP financing application. Additional document may be requested by the Bank for processing and evaluation of IHP financing application.
| For business incorporated prior to 31st January 2017 |
|
|---|---|
| No |
List of Documents |
| 1 | List of vehicles / machinery / equipment to be purchased |
| 2 | Form A / Form B and / or Form 8 / Form 9 (whichever is applicable) |
| 3 | Form 24 and / or Form for Section 78 (where applicable) |
| 4 | Form 49 and / or Form for Section 58 (where applicable) |
| 5 | Form 13 and / or Notice of Registration of the New Name [issued by the Registrar under Section 28(3) CA 2016] (where applicable) |
| 6 | Form 44 and / or Form for Section 46(3) (where applicable) |
| 7 | Memorandum & Articles of Association (M & A) |
| 8 | Copies of Identity Card (NRIC) or Passport the director(s), guarantors(s) and authorized signatory(ies) |
| 9 | Directors’ Resolution (including Circular Resolution / Certified Extract of Resolution) |
| 10 | Trading License (applicable only for companies incorporated in Sabah) |
| 11 | Audited accounts for past 3 years and latest managements account. |
| 12 | Bank statements (latest 6 months) |
| 13 | Company write-up and management profile |
| 14 | List of existing bankers, details of borrowing and existing security arrangements (if any) |
| 15 | List of main suppliers / purchasers and creditors / debtors ageing schedule (if applicable) |
| 16 | Cash-flow projections (if necessary) |
| 17 | Details of security offered including related documents such as valuation report, copy of land title, sale and purchase agreement (if applicable) |
| 18 | Director(s) / Guarantor(s) latest 3 years Form J- Income Tax Return Form and any other documents as evidence of income |
| 19 | If guarantor is a Corporate Entity additional documents may be required |
| For business incorporated on / after 31st January 2017 |
|
|---|---|
| No |
List of Documents |
| 1 | Notice of Registration issued by Companies Commission of Malaysia (“CCM”) and/ or Certificate of Incorporation (if available) |
| 2 | List of vehicles / machinery / equipment to be purchased |
| 3 | Constitution1 (mandatory for a company limited by guarantee2 and optional for a company limited by shares) |
| 4 | Form for Section 14 – Application for Registration of a Company (for newly incorporated company) |
| 5 | Form for Section 78 |
| 6 | Latest Form for Section 58 |
| 7 | Notice of Registration of the New Name [issued by the Registrar under Section 28(3) CA 2016] (applicable if the company had changed its name) |
| 8 | Form for Section 46(3) |
| 9 | Documents #7 to #18 as listed for business incorporated prior to 31st January 2017 above. |
- A company has the option to adopt a constitution if it wishes to tailor certain provisions for itself, to the extent the provisions of the constitution are not inconsistent with the CA 2016 (and provided any modification(s) of the provisions of the Act is permitted).
- A company limited by guarantee is a company incorporated without share capital and in which the liability of its members is limited to the amount each member undertakes to contribute at the time the company is wound up. Whether a company is limited by guarantee or by shares is stated in the Notice of Registration under the Type of Company.
Disclaimer
Terms and conditions apply. Picture shown is for illustration purposes only.
