Leasing

Giving you what you need to succeed


Overview

Mainly refers to lease financing of general-purpose equipment and machineries for use in business and industries.

Eligibility
  • Registered businesses and professionals
  • Equipment and machineries of good resale values and resaleability
  • Good repayment record.
  • Sound financial position with positive repayment capacity
  • Viable businesses with proven track record and the ability to meet their financing obligations
Lease Term Minimum repayment term of not less than 24 months and a maximum repayment term of 60 months. Longer tenure may be considered on a case-to-case basis.
Financing Amount Minimum size of each application shall be RM30,000
Lease Scheme

Pure Lease

  • 100% financing scheme available
  • No initial outlay

Deposit Lease

  • Deposit amounts of up to 10% to 20% of equipment cost
Interest Rate Please refer to our Asset Based Finance Centres for the latest rates offered
Type of Equipment
  • Productive equipment and macheneries for registered business entities.
  • General purpose equipment with good resale value and readily available market for disposal
  • Equipment must have good title and are free from any encumbrances
  • Equipment financed must be solely used in Malaysia
Documents Required
  • Application and guarantors’ proposal forms (if applicable)
  • Certified true copy of Forms 24, 44, 49, and latest annual return.
  • Memorandum & Articles of Association
  • Certificate of Incorporation for Limited Company
  • Business registration form for partnership and sole proprietorship
  • Performa invoice, quotation, sales order and catalogue on proposed equipment
  • Latest 6 months bank statements
  • Latest 3 years financial statements
  • Latest 3 years income tax assessments for sole proprietorship and partnership if available
  • Projection papers (for new setup business)
  • Other support documents to support the application
Major Risk on This Product In the event the lease agreement is terminated and the equipment sold or disposed off for whatever reasons within 2 years of the Lease commencement date and the lessor incurs any balancing charge under paragraph 71 of the 3rd schedule to the Income Tax Act 1967, the lessee shall forthwith indemnify the Lessor against such balancing charge
Preferred Panel Lawyers Our panel lawyers are preferred and available upon request
Preferred Insurance Company RHB Insurance Bhd
Convenient Payment Channels
  • Extensive Branch Network
  • RHB Bank Cheque Deposit Terminals
  • Interbank GIRO
  • Bank Standing Instruction