Need to purchase new assets for your business without the stress of having to pay large upfront costs?
AYA Bank offers a hire purchase finance option to meet your needs.
Hire purchase finance can be used for a variety of assets, ranging from heavy machinery, equipment, vehicle to shop house.
All You Need to Know
It is a fixed rate loan, so interest rates tend to be cost effective
You can utilize the asset while paying back in instalments over a set period of time
You will legally own the item once all the instalments have been paid in full
Why You Should Apply
Companies can purchase necessary assets quickly
Cost of repaying is spread over a fixed period without impact on working capital
AYA Bank offers competitive interest rate
It is flexible, straightforward and relatively easy to apply
How to Qualify
Does your business have minimum credit score for Business Loan Eligibility? Different credit scores needed for different types of business loans. It ultimately determines loan amount, repayment schedules, etc.
You can qualify for hire purchase financing on the basis of your cash flow.
Asset to be financed is secured as collateral in hire purchase agreement.
The down payment requirement can range from 10% to 30% for the eligible borrowers. The actual amount can vary by the loan type and the borrower’s qualifications
What We Offer
Heavy Machinery HP
Buy heavy machinery with us and dedicate your cash flow to more valuable channels!
You can get financing for the heavy machinery while avoiding the financial risk and administrative burden of owning vehicle fleets. AYA Bank made convenient for both sides. Under our heavy machinery HP, seller can become bank’s authorized dealer and buyer can purchase with the bank’s HP scheme.
AYA Bank provides a convenient option to ownership while paying off and maintenance and value-added services are included. The finance company guarantees the resale value of the vehicle at the end of the contract purchase agreement for a known, fixed amount.
You will be able to get funds up to 70% of the price of the heavy machinery you plan to buy for your business. It depends on your credit score, etc.
Arrangement for flat rate as low as 10%.
Flexible terms to meet your requirements with variable duration and mileage terms, up to 5 years.
Business loan for shop owners with affordable rate
Business owners can own shop or shop house instead of paying monthly rentals. Benefit from AYA shop house hire purchase scheme for purchasing a commercial property (store, office or warehouse, for example).
The maximum loan amount you can get is 70% of the agreement value.
Business loan for shops come with normal interest rates of 13% per annum.
Under AYA Bank’s shop house HP, an installment repayment with variable loan tenors is up to 5 years.
Auto Loan (Corporate)
Purchase the equipment you need to keep your business rolling
If your company relies on one or more vehicles, AYA business auto loan is the way to go. We provides an affordable way to buy a car, van or truck for business advantage. You can select vehicles from the AYA Bank’s authorized dealers, apply at any AYA branches with minimum down-payment and variable loan tenor.
We offer maximum funds 70% for commercial auto loans with minimum initial down payment 30%.
Annual interest rates start at 9%.
Loan tenor is convenient and variable with options up to 5 years.
Helping you get financing for the equipment essential to run your business
AYA Bank’s financing options for costly equipment such as computers, vehicles, machinery, electronic appliances, etc. to accelerate the growth of your business. We make it easy to separate your business and equipment expenses.
Eligible business owners could receive up to 70% of equipment value.
Starting interest rate from 10%.
Periodic repayments up to 10 years.
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