Velocity@ocbc
Malaysia
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Hotlines
General enquiries

1300 88 0255

(wihin Malaysia)

603-83149090

(outside Malaysia)

Equipment Financing  
The bank provides financing for equipment, machinery, vehicles for commercial usage, goods listed under the First Schedule of Hire Purchase Act 1967 for business use and other suitable and acceptable equipment by the bank.

Industrial Hire Purchase-i
An asset financing facility for equipment, machineries or goods vehicles (where the maximum permissible laden weight exceeds 2,540 kilograms) for business use and purposes permissible under Shariah.

It is based on the Shariah concept of Al-Ijarah Thumma Al-Bai, which means hire or lease ending with ownership transfer. The bank purchases the asset required and hires it to the customer for a fixed period as agreed by both parties.

During the lease period, the customer pays rentals to the bank. The rental payment comprises cost to the bank for the purchase of the asset plus the bank's profit margin.

The ownership of the asset remains with the bank and the assets becomes a security for the facility. Upon expiry of the rental period, ownership of the equipment will be transferred to customer.

Financing tenure
  • Up to 5 years.

Financing margin
  • Margin of financing is up to 90% (subject to the bank's discretion).

Financing rate
  • Please call our call centre at 1-300-88-0255 for further details.

Features
  • Fixed monthly instalments.
  • No extra charge for repayment by Standing Instruction.
  • Convenience of making your payments and accessing your OCBC Al-Amin Bank account at any OCBC Al-Amin or OCBC branch through ATM and GIRO.

Eligibility
  • Firms.
  • Companies.



IMBT Industrial Hire Purchase-i
A floating rate asset financing facility to finance the purchase of equipment, machineries or goods vehicles (where the maximum permissible laden weight exceeds 2,540 kilograms) for business use and purposes permissible under Shariah.

The facility is based on the Shariah concept Ijarah Muntahiah bi Al-Tamlik or "Leasing Ending with Ownership". It is a leasing contract which ends with transfer of ownership of the leased equipment from the Bank to the Customer, at the end of the Ijarah period.

Financing tenure
  • Up to 5 years.

Financing margin
  • Margin of financing is up to 90% (subject to the bank's discretion).


Financing rate
  • Please call our call centre at 1-300-88-0255 for further details.

Features
  • Floating rate financing.
  • Available in Ringgit Malaysia and major foreign currencies.
  • No extra charge for repayment by Standing Instruction.
  • Convenience of making your payments and accessing your OCBC Al-Amin Bank account at any OCBC Al-Amin or OCBC branch through ATM and GIRO.

Eligibility
  • Firms.
  • Companies.



Al-Amin Hire Purchase-i
An asset financing facility to finance the Act Goods covered under First Schedule of Hire Purchase Act 1967 (subject to the Bank’s discretion) for business use permissible under Shariah.

It is based on Shariah concept Ijarah Muntahiah bi Al-Tamlik. It refers to a leasing contract which ends with transfer of ownership of the leased goods from lessor (Islamic banking institution) to the lessee (Customer), at the end of the Ijarah period.

Financing tenure
  • Up to 7 years (subject to the bank’s discretion).

Financing margin
  • Margin of financing is up to 90% (subject to the bank's discretion).


Financing rate
  • Please call our call centre at 1-300-88-0255 for further details.

Features
  • Fixed monthly instalments.
  • No extra charge for repayment by Standing Instruction.
  • Convenience of making your payments and accessing your OCBC AL-Amin Bank account at any OCBC Al-Amin or OCBC branch through ATM and GIRO.

Eligibility
  • Firms.
  • Companies.



Equipment Financing-i
An asset financing facility to finance the purchase of equipment, machineries or vehicles for business use and purposes permissible under Shariah.

It is based on the Shariah concept of Bai’ Bithaman Ajil (BBA). This refers to sale of assets on deferred payment basis where the bank purchases the asset owned by the customer and subsequently sell back to the customer at a mark-up price agreed by both parties on deferred payment basis.

Financing tenure
  • Up to 5 years.

Financing rate
  • Please call our call centre at 1-300-88-0255 for further details.

Features
  • Fixed monthly instalments.
  • No extra charge for repayment by Standing Instruction.
  • Convenience of making your payments and accessing your OCBC Al-Amin Bank account at any OCBC Al-Amin or OCBC branch through ATM and GIRO.

Eligibility
  • Firms.
  • Companies.