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What do you need help with?
you are in GROUP WHOLESALE BANKING
Finance up to 100% of your new vehicle, and up to 80% for operational assets.
Better manage your day to day cashflow requirements.
Hear back from us within 1 business day1.
Get lower interest rates on our green financing when you go green with U-Drive.
| Feature | Commercial Vehicles | Machinery & Equipment |
| Loan amount | Up to 100% of the market valuation or purchase price of new commercial vehicle. | Up to 80% of the market valuation or purchase price of the machinery and equipment. |
| Tenor | Up to 7 years. | Up to 5 years. |
| Assistance | Hire Purchase financing available for commercial vehicles and those with renewed COE. | Government assistance available through the Enterprise Financing Scheme (EFS). |
| Feature |
| Loan amount |
| Tenor |
| Assistance |
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.
Terms and Conditions of Commercial Vehicle Financing and Machinery & Equipment Financing apply.
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.
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