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UOB Commercial Vehicle & Machinery Financing

UOB Commercial Vehicle & Machinery Financing

Finance your commercial vehicle* or machinery purchases and speed up your business growth.

*includes electric vehicles under U-Drive

Get up and running fast

Minimise upfront capital outlay

Minimise upfront capital outlay

Finance up to 100% of market valuation for your new vehicle, and up to 80% financing for machinery, or equipment purchase.

Flat rates for fixed monthly repayments

Flat rates for fixed monthly repayments

Better manage your day to day cashflow requirements.

1-day response and fast loan disbursement

1-day response and fast loan disbursement

Hear back from us within 1 business day1.

Go Green

Go Green

Enjoy lower interest rates under U-Drive when you opt for green and sustainable financing for your electric vehicles and/or charging equipment

U-Drive

U-Drive

Electric vehicles (EV) are a greener form of transportation as they emit considerably less emissions over the course of their lifetime than conventional (internal combustion engine) vehicles.

To encourage the adoption of EV, UOB has launches U-Drive in Asia - a comprehensive electric vehicle financing solution for the entire ecosystem, from automotive component suppliers, automotive brand owners, dealers, charging point operators to end users.

With U-Drive, you can enjoy a simple and seamless switch to electric vehicles.

Ready to apply? Submit your form in less than 5 minutes.

Ready to apply?
Submit your form in less than 5 minutes.

    Frequently asked questions

    How do I calculate my monthly instalment?
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    Calculation:
    [Loan Amount x Interest Rate x Loan Tenure (no. of years)] + Loan Amount / Loan Tenure (no. of months)

    Example:
    Loan Amount : $50,000
    Interest Rate : 2.78% p.a. flat
    Loan Tenure : 5 Years (60 months)

    Your monthly instalment = ([$50,000 x 2.78% x 5 years] + $50,000) / 60 months= S$950 (round up to the next dollar)

    UOB Commercial Vehicle & Machinery Financing is available to the following companies:

    • Sole Proprietor, Partnership, or Private Limited Company
    • Registered and operating in Singapore for 3 years
    • At least 30% local shareholding

    Apply online via Myinfo business and we'll get in touch within 1 business day2.

    1The computation above is for indicative purposes only. The Bank accepts no liability for errors or omissions, nor for any loss arising from use of or reliance on the calculation herein.

    2For enquiries that reach UOB within the Stipulated Timing, we will contact you by the next Business Day with an indicative loan amount that you may apply for. “Business Day” is defined as Mondays to Fridays (Singapore date and time, and excluding Singapore and bank public holidays). “Stipulated Timing” is defined as 8am to 8pm from Mondays to Saturdays (Singapore date and time, and excluding Singapore and bank public holidays). For enquiries that reach UOB at times other than the Stipulated Timing, we will contact you within two Business Days after UOB receives your enquiries, with an indicative loan amount that you may apply for.
    Full product terms and conditions apply. The quote of the indicative loan amount is based on the information provided by the customer and does not constitute an offer, an invitation to offer, a solicitation or recommendation to enter into or conclude any transaction, and the quote of the indicative loan amount is not a contractual agreement by UOB to provide the UOB business loan or any other products/ services to the customer. Accordingly, the actual approval of the UOB business loan application is subject to the submission of the required full and complete documentation as UOB may so require at its discretion and UOB’s credit assessment. UOB has the absolute right and discretion to decide, for whatever reason and without prior notice and without being liable to any person, whether to approve the customer’s application for the UOB business loan and whether (i) to grant (or not to grant) the customer the amount of the UOB business loan requested for in the customer’s application form; or (ii) to grant the customer a lower amount from the amount of the indicative loan amount quoted or from the amount of the UOB business loan requested for in the customer’s application form.

    Terms and conditions of Commercial Vehicle Financing and Machinery & Equipment Financing apply.

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