Machinery and Equipment Financing

    • machinery equipment financingmachinery equipment financing

      Helping you manage your cash flow

    • U-DriveU-Drive

      Simplifying sustainable financing for your switch to electric vehicles

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    Benefits

    You can use our Hire Purchase (HP) facility to finance your purchase of machinery and equipment. This is a financing arrangement for your machinery and equipment purchase whereby we will pay the vendor directly. The Bank therefore acquires and retains legal ownership of the financed asset, while you become the hirer. The ownership of the financed asset will be transferred to you when the final instalment is fully paid. This is unlike a term loan where the borrower holds legal title to the goods from the outset.

    At UOB Commercial Banking, we provide financing for a wide range of machinery and equipment. UOB offers lower interest rate for the purchase of green machinery and equipment such as electric forklifts and electric vehicle charging equipment through green financing facilities under U-Drive. With our attractive interest rates and flexible repayment period, you can now acquire the machinery and equipment you need for your business while better managing your cash flow.

    With UOB’s attractive Machinery and Equipment Financing Package, you can now finance the purchase of your green assets and enjoy:

    • Lower interest rates
    • Flexible repayment period
    • Financing up to 90% of the valuation or purchase price, whichever is lower
    • Maximum loan tenure of 7 years

    Visit U-Drive to find out more!

    Hire Purchase Financing

    At UOB Commercial Banking, you can apply for hire purchase financing through:

    SME HP Facility/ Equipment Loan/ Factory Loan under the Local Enterprise Finance Scheme (LEFS)

    To qualify, your business must meet the following requirements:

    • Registered or incorporated in Singapore
    • At least 30% local shareholdings
    • Company's Group Annual Sales of not more than S$100 million OR company's Group Employment Size of not more than 200*

      *Annual sales turnover and employment size will be computed on a group basis.
      (i.e All levels up for corporate shareholders holding >50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

    Please click here to find out more about the Local Enterprise Finance Scheme (LEFS).

    Internationalisation Finance Scheme (IFS)

    To qualify, your business must meet the following requirements:

    • Singapore-based company with meaningful business operations and at least 3 strategic business functions* in Singapore.
    • Global Headquarter(HQ)** anchored in Singapore.
    • For non-trading companies, the turnover shall not exceed S$300 million. For trading companies', the turnover shall not exceed S$500 million.
    • Singapore-based company with meaningful business operations and at least 3 strategic business functions** in Singapore^.
    • The overseas business must complement the Singapore company's core operations and result in economic spin-offs to Singapore

    * Strategic business functions refer to activities such as (i) banking & financial, (ii) marketing and business planning, (iii) procurement, logistic, (iv) training & personnel management, (v) investment planning/co-ordination, (vi) R&D and design, (vii) technical support, (viii) manufacturing, and (viiii) other value-added (VA) activities.

    ** An entity is considered to have its Global HQ anchored in Singapore where:

    1. more than 50% of the Board of Directors are Singaporeans or Permanent Residents of Singapore;
    2. the control and management of the QSE's ultimate corporate parent (the Parent) is exercised in Singapore;
    3. the chief executive officers of the Parent responsible for the global decisions of the Group are based in Singapore; and
    4. the Parent's Board of Directors meeting are held in Singapore.

    Refers to companies with more than 50% sales turnover derived from trading.generate the desired markup.

    You can also apply for UOB's attractive Machinery and Equipment Financing Package to assist in the purchase of your green machinery and equipment at competitive interest rates.

    Eligibility

    • All businesses registered in Singapore are eligible to apply for UOB's Commercial Hire Purchase facility