EQUIPMENT FINANCING-i
Expand your business with
OCBC Equipment Financing-i
An asset financing facility to finance the purchase of equipment, machineries or vehicles for business use and purposes permissible under Shariah.
Features and Benefits
Fixed monthly instalments
Financing value of up to 90% (subject to the Bank’s discretion)
Based on the Shariah concept of Bai’ Bithaman Ajil (BBA)
Before you apply
Eligibility requirements
Business registration
Businesses registered with Suruhanjaya Syarikat Malaysia (SSM) or with authorities/district offices in Sabah and Sarawak.
Turnover
Applicable to businesses with an annual turnover of RM25 million and above.
Terms and conditions
Submission
All required forms and supporting documents must be duly completed and submitted.
Approval
All financings are subject to satisfactory assessment by the Bank.
How it works
BBA is the sale of assets on a deferred payment basis where the bank purchases the asset owned by the customer and subsequently sells it back to the customer at a mark-up price agreed by both parties on a deferred payment basis.
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Operating hours are from 9am to 6pm, Monday to Friday (Excluding public holidays)
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A floating rate asset financing facility to finance the purchase of equipment, machineries or goods vehicles for business use and purposes permissible under Shariah.