Excavator Financing Malaysia: Get Your Equipment with 0% Deposit

When you watch that RM 15,000 rental check leave your account every month for the excavator you don’t own, does your stomach knot up thinking: “I just paid for another month of building someone else’s wealth while my own projects wait?”

When the rental company calls at 4:30 PM demanding their excavator back by 5 PM, and you have a full day of foundation work scheduled for tomorrow morning, do you feel that panic grip your chest knowing you’ll lose the contract because of their schedule?

When you calculate your project profits and realize RM 18,000 per month goes to equipment rental—money that could be yours if you owned the excavator—does that frustration burn in your throat?

Stop building other people’s businesses. Start building your own.

Your Equipment. Your Schedule. Your Revenue.

At Ing Heng Credit, we understand the rental trap that keeps contractors stuck. That’s why we offer 0% deposit excavator financing with 100% financing options that let you own your equipment from day one.

No more rental schedules controlling your projects. No more monthly payments disappearing into rental companies. No more missed opportunities because equipment isn’t available.

Your excavator. Your timeline. Your profits.

The Rental Trap That’s Costing You Thousands

The Hidden Cost of Renting

Ahmad, a foundation contractor from Klang, was paying RM 16,000 monthly to rent a CAT 320D excavator. After 18 months, he’d paid RM 288,000 in rental fees.

For that same amount, he could have owned the excavator.

But the rental company made it seem convenient: “No maintenance worries, no down payment, just pay monthly.”

What they didn’t tell him:

• He built zero equity despite paying RM 288,000
• Every project profit was reduced by RM 16,000 monthly
• His business couldn’t grow because he didn’t own assets
• When he needed the excavator most, it wasn’t always available

The Equipment Availability Problem

Rental companies prioritize their profits, not your projects.

• Need the excavator for weekend emergency work? “Sorry, it’s booked.”
• Want to extend your rental by 2 days? “Next customer is waiting.”
• Equipment breaks down? “Replacement will be ready next week.”

When you don’t own the equipment, you don’t control your business.

The Growth Limitation

Here’s what rental companies won’t tell you: You can’t build a serious construction business on rented equipment.

Banks and investors look at your asset base when considering larger project financing. If you own RM 500,000 in equipment, you can bid on RM 2 million projects.

If you own nothing but pay RM 16,000 monthly in rental? You’re stuck bidding on small projects forever.

0% Deposit: Your Path to Equipment Ownership

What 0% Deposit Really Means

Zero upfront payment. Finance 100% of the equipment value.

• Excavator costs RM 350,000? Finance RM 350,000.
• Need RM 500,000 for a premium CAT excavator? Finance the full amount.
• Want to preserve your cash for other business needs? Finance everything.

This is your major advantage over competitors still trapped in rental cycles.

Why We Offer 0% Deposit When Others Don’t

Traditional banks require 20-30% deposit because:

• They don’t understand equipment-based businesses
• They fear equipment depreciation
• They use outdated lending criteria

We offer 0% deposit because:

• We understand construction cash flow reality
• We know quality excavators hold value for decades
• We assess business potential, not just financial statements

40+ years financing excavators taught us: The equipment pays for itself when the contractor owns it.

Real Customer Example: Ahmad’s Success Story

Ahmad needed a used CAT 320D (12 years old) for his foundation contracting business.

Bank Response: “Rejected. Equipment too old. Minimum 30% deposit required.”

Our Response: “Approved. 0% deposit. 100% financing.”

Results after 24 months:

• Monthly payment: RM 8,500 (vs RM 16,000 rental)
• Savings: RM 7,500 monthly
• Additional projects: 3 larger contracts (asset-backed bidding)
• Business growth: From RM 80,000 to RM 180,000 monthly revenue

Ahmad built equity while others built rental company profits.

We Finance Equipment Banks Reject

10+ Year Equipment: Our Specialty

Banks say: “Sorry, equipment must be under 5 years old.”

We say: “Show us a well-maintained 15-year-old excavator and we’ll finance it.”

Why age doesn’t matter to us:

• Quality excavators run 20,000+ hours (10-15 years)
• Proper maintenance matters more than age
• Experienced contractors know equipment condition better than banks
• Some of our most successful clients operate 15-20 year old equipment

Equipment We’ve Financed Recently

CAT 966D Wheel Loader - 13 years old

• Bank rejection: “Too old”
• Our approval: 0% deposit, 84 months
• Customer outcome: Still running strong after 3 years

Komatsu PC350 - 14 years old

• Bank rejection: “High risk”
• Our approval: 15% deposit, 72 months
• Customer outcome: Contractor expanded to 3-unit fleet

Hitachi EX200 - 16 years old

• Bank rejection: “Beyond financing criteria”
• Our approval: 20% deposit, 60 months
• Customer outcome: Equipment paid itself off in 24 months

The pattern: Banks see age. We see opportunity.

Fast Approval When Time Matters

Why Speed Matters in Construction

Construction opportunities don’t wait for bank approvals.

• Government tenders have tight deadline requirements
• Private projects move to contractors who can start immediately
• Equipment breakdowns need immediate replacement

When you need excavator financing fast, banks move slowly:

• 2-4 weeks approval process
• Multiple committee approvals required
• Endless documentation requests

Our Rapid Approval Process

Day 1: Submit Application

• WhatsApp: +60175700889
• Provide: IC copy + equipment quotation
• Response: Within 2 hours (business hours)

Day 1-2: Credit Assessment

• No endless document requests
• Focus on business substance, not paperwork
• Real people making real decisions

Day 2-3: Approval Decision

• Clear approval with specific terms
• No committee delays
• Direct communication throughout

Day 3-5: Disbursement

• Equipment inspection (if required)
• Funds released directly to supplier
• You take possession and start earning

Real contractors need real solutions, not bank bureaucracy.

Customer Success: Emergency Replacement

Situation: Rahman’s 8-year-old excavator broke down completely. Major repair would cost RM 80,000 and take 6 weeks.

He had a RM 200,000 foundation project starting in 5 days.

Bank Timeline: 3-4 weeks for loan approval Our Timeline: 48 hours from application to approval

Outcome: Rahman got a replacement excavator in 4 days, completed the project on time, and earned RM 45,000 profit instead of losing the contract.

When opportunities knock, we answer the door.

Equipment Types and Financing Options

Excavator Categories We Finance

Mini Excavators (1-8 tons)

• Perfect for: Residential projects, landscaping, utility work
• Typical price range: RM 80,000 - RM 250,000
• Popular brands: Bobcat, Kubota, Yanmar, CAT
• Financing terms: Up to 84 months

Medium Excavators (10-25 tons)

• Perfect for: Building construction, road work, quarrying
• Typical price range: RM 300,000 - RM 800,000
• Popular brands: CAT, Komatsu, Hitachi, Kobelco
• Financing terms: Up to 84 months

Large Excavators (30+ tons)

• Perfect for: Major infrastructure, mining, heavy construction
• Typical price range: RM 900,000 - RM 2,500,000
• Popular brands: CAT, Komatsu, Volvo, Liebherr
• Financing terms: Up to 120 months

New vs Used: Both Welcome

New Excavators

• Latest technology and features
• Full manufacturer warranty
• Maximum financing terms available
• 0% deposit option available

Used Excavators (Up to 15+ Years)

• Proven reliability and lower cost
• Immediate availability
• Established maintenance history
• Often better value for money

We don’t discriminate by age. We assess by condition and business need.

Special Equipment Features

Long Reach Excavators

• Deep foundation work
• Drainage and canal projects
• Demolition applications

Wheeled Excavators

• Road mobility without transport
• Urban construction sites
• Utility maintenance work

Specialized Attachments

• Hydraulic breakers
• Grapples and thumbs
• Auger and drilling attachments
• Demolition shears

We finance the complete package: excavator + attachments.

Bad Credit? Not a Problem.

Why Banks Reject, We Approve

Banks focus on past credit problems. We focus on current business potential.

Recent Bad Credit Approvals

Contractor with CCRIS issues

• Previous loan defaults from business downturn
• Current strong cash flow and projects
• Approved with 25% deposit

Company with high DSR (debt service ratio)

• Multiple existing equipment loans
• Proven ability to service debt
• Approved with guarantor

New company (under 1 year)

• No business credit history
• Strong personal background
• Approved based on project pipeline

What We Look For Instead of Perfect Credit

Business Substance

• Current project contracts
• Client payment history
• Equipment usage plan
• Revenue generation potential

Cash Flow Evidence

• Bank statements showing regular deposits
• Client payment patterns
• Seasonal business understanding

Equipment Knowledge

• Contractor experience level
• Maintenance capability
• Realistic business projections

Personal Commitment

• Skin in the game (deposit if required)
• Business partnership approach
• Long-term relationship focus

Flexible Terms That Make Sense

Financing Terms Overview

Loan Tenure Options:

• 12-24 months: Lower total interest, higher monthly payments
• 36-60 months: Balanced payment and interest
• 72-84 months: Lower monthly payments, more cash flow
• 96-120 months: Maximum affordability (large equipment)

Interest Rate Factors:

• Equipment age and condition
• Down payment amount
• Business profile and credit standing
• Loan tenure selected

Payment Structure Options:

• Fixed monthly payments (most common)
• Step-up payments (growing business)
• Balloon payment options (cash flow management)

Calculating Your Monthly Payment

Example: CAT 320D Excavator

• Equipment Price: RM 420,000
• Down Payment: RM 0 (0% deposit)
• Loan Amount: RM 420,000
• Interest Rate: 8.5% p.a.
• Tenure: 72 months
• Monthly Payment: RM 7,180

Compare to Rental:

• Monthly rental: RM 14,000
• Monthly savings: RM 6,820
• Annual savings: RM 81,840

After 72 months:

• Rental cost: RM 1,008,000 (you own nothing)
• Financing cost: RM 516,960 (you own RM 420,000 asset)
• Net savings: RM 491,040

Early Settlement Benefits

Want to pay off early?

• No penalty for early settlement
• Interest rebate using Rule of 78
• Clear ownership transfer immediately
• Use equity for next equipment purchase

Many contractors settle early when projects go well, then use the cleared equipment as collateral for expanding their fleet.

The Application Process Made Simple

Documents You’ll Need

For Individual Contractors:

• Malaysian IC or passport (for foreigners)
• 3-6 months bank statements
• Income proof:
  • Project contracts
  • Payment receipts
  • KWSP statements
• Equipment quotation

For Companies:

• Company registration (SSM)
• Company bank statements (6 months)
• Directors’ IC copies
• Financial statements (if available)
• Current project list

Optional but Helpful:

• CIDB registration
• Client testimonials
• Equipment maintenance records (for used equipment)

Three Ways to Apply

Option 1: WhatsApp (Recommended)

• Number: +60175700889
• Send: IC copy + equipment quotation
• Response: Within 2 hours
• Process: Guide you through everything

Option 2: Phone Call

• Number: +603-3362 1588
• Speak: Directly with financing specialist
• Get: Instant preliminary assessment

Option 3: Walk-In Consultation

• Address: 47A, Jalan Raya Timur, Klang
• Hours: Monday-Friday 9AM-6PM, Saturday 9AM-1PM
• Benefit: Face-to-face guidance

What Happens After You Apply

Step 1: Initial Review (Same Day)

• Document completeness check
• Preliminary eligibility assessment
• Additional document requests (if needed)

Step 2: Credit Evaluation (1-2 Days)

• Business and personal credit review
• Income and cash flow analysis
• Equipment valuation verification

Step 3: Approval Decision (2-3 Days)

• Formal approval with terms
• Interest rate and payment structure
• Conditions (if any) clearly explained

Step 4: Documentation (1 Day)

• Hire purchase agreement preparation
• Terms review and signing
• Insurance arrangement assistance

Step 5: Disbursement (1-2 Days)

• Equipment inspection (if required)
• Funds transfer to supplier
• Equipment handover to you

Total timeline: 5-7 business days from complete application to equipment delivery.

Why Contractors Choose Ing Heng Credit

40+ Years of Equipment Expertise

Since 1985, we’ve been financing construction equipment when banks wouldn’t. We understand:

• How contractors really operate
• Why equipment age matters less than condition
• When projects create cash flow challenges
• How equipment ownership builds wealth

We’re not just lenders. We’re equipment financing specialists.

Real People, Real Decisions

No committee approval delays. No junior officers making senior decisions. No computer algorithms determining your future.

Our senior management team has decades of experience in construction and equipment financing. We make decisions based on business reality, not just financial ratios.

Competitive Rates, Transparent Terms

Our rates:

• New equipment: From 7.5% p.a.
• Used equipment (under 10 years): From 8.5% p.a.
• Used equipment (10+ years): From 9.5% p.a.

No hidden fees:

• No processing fees
• No documentation fees
• No early settlement penalties
• Clear, straightforward agreements

Long-Term Partnership Approach

We don’t just finance one excavator. We help build equipment fleets.

Many clients start with one excavator, then expand to multiple units as their business grows. We support that growth journey with:

• Fleet financing packages
• Trade-in and upgrade options
• Relationship pricing for multiple units
• Business growth consulting

Success Stories: Real Contractors, Real Results

Case Study 1: From Rental to Fleet Owner

Background: Siti, a civil contractor from Seremban, was renting excavators for 3 years.

Challenge: Monthly rental costs of RM 28,000 for 2 excavators were killing profit margins.

Solution: Financed 2 used excavators (8 and 11 years old) with 0% deposit.

Results:

• Monthly payment: RM 16,500 (vs RM 28,000 rental)
• Monthly savings: RM 11,500
• Business expansion: Won 2 additional government contracts
• Fleet growth: Added 3rd excavator within 18 months

Siti’s words: “I wish I’d done this 3 years ago. I wasted RM 1 million on rental fees building nothing.”

Case Study 2: Emergency Equipment Replacement

Background: Kumar’s 7-year-old excavator had major engine failure during a RM 300,000 project.

Challenge: Repair would cost RM 85,000 and take 8 weeks. Project deadline was 6 weeks.

Solution: Emergency financing for replacement excavator in 72 hours.

Results:

• Project completed on time
• Profit saved: RM 65,000
• Old excavator traded in later
• Customer relationship preserved

Kumar’s words: “Ing Heng saved my business. Banks would have taken months.”

Case Study 3: Bad Credit Success

Background: Abdul’s company had CCRIS issues from a previous business closure 2 years ago.

Challenge: Banks rejected his applications despite current strong cash flow.

Solution: Approved based on current business substance and equipment need.

Results:

• Financed CAT 312D with 20% deposit
• Business cash flow improved immediately
• Credit standing rehabilitated through timely payments
• Qualified for bank financing on 2nd excavator

Abdul’s words: “They looked at my business potential, not my past problems.”

Equipment Maintenance and Ownership Benefits

Building Asset Value vs Paying Rent

When you finance:

• Build equity with every payment
• Own a depreciating asset (but still valuable)
• Can sell, trade, or use as collateral
• Benefits from equipment appreciation (rare but happens)

When you rent:

• Zero equity building
• No ownership benefits
• No trade-in value
• Cannot leverage for other financing

Maintenance: Your Investment Protection

Proper maintenance:

• Extends equipment life beyond 15,000 hours
• Maintains resale value
• Reduces operating costs
• Prevents major breakdowns

Maintenance budget planning:

• Mini excavators: RM 800-1,500 monthly
• Medium excavators: RM 1,500-3,000 monthly
• Large excavators: RM 3,000-6,000 monthly

We provide maintenance guidance and connect you with reliable service providers.

Insurance Requirements and Benefits

Comprehensive insurance protects:

• Equipment theft or total loss
• Fire and natural disasters
• Third-party liability
• Operator accident coverage

We assist with:

• Insurance provider recommendations
• Policy comparison and selection
• Claims assistance when needed
• Premium financing options

Market Advantages of Equipment Ownership

Competitive Bidding Strength

Asset-backed bidding:

• Banks provide larger project financing to asset owners
• Performance bond requirements easier to meet
• Client confidence in equipment-owning contractors
• Ability to bid on multi-equipment projects

Business Expansion Opportunities

Equipment ownership enables:

• Subcontractor partnerships
• Multiple project management
• Geographic expansion
• Service diversification (earthwork, demolition, landscaping)

Revenue Stream Optimization

Direct project revenue:

• Keep 100% of equipment charges
• Price competitively without rental markups
• Extend project timelines without rental pressure

Additional revenue streams:

• Rent equipment to other contractors during downtime
• Offer equipment + operator services
• Seasonal equipment deployment strategies

Getting Started Today

Quick Assessment

Answer these questions:

1. Do you currently rent excavators regularly?
2. Are you losing projects due to equipment availability?
3. Would 0% deposit financing help your cash flow?
4. Do you have identified equipment needs?
5. Are you ready to own rather than rent?

If you answered “yes” to 3+ questions, excavator financing makes sense for your business.

Next Steps

Step 1: Equipment Identification

• Determine size and type needed
• Research brands and suppliers
• Get equipment quotations
• Verify equipment condition (if used)

Step 2: Quick Application

• WhatsApp: +60175700889
• Provide: IC + equipment quotation
• Receive: Preliminary approval indication

Step 3: Formal Process

• Submit complete documentation
• Receive formal approval and terms
• Review and sign agreement
• Equipment delivery coordination

Contact Information

Ing Heng Credit & Leasing Sdn Bhd

WhatsApp: +60175700889 (Fastest response) Phone: +603-3362 1588 Email: info@inghengcredit.com

Address: 47A, Jalan Raya Timur Taman Rashna 41200 Klang, Selangor

Operating Hours: Monday-Friday: 9:00 AM - 6:00 PM Saturday: 9:00 AM - 1:00 PM Sunday: Closed

What to expect:

• Professional, experienced service
• Clear communication in English, Malay, or Mandarin
• No pressure sales approach
• Honest assessment of your financing options
• Competitive rates and transparent terms

Conclusion: Stop Renting, Start Owning

Every month you continue renting is another month of building someone else’s wealth instead of your own.

Every project you complete with rented equipment is a missed opportunity to build asset value.

Every time equipment isn’t available when you need it, you lose money and reputation.

The solution is simple: Own your equipment.

With 0% deposit financing and 100% financing options, there’s no financial barrier to ownership. With our fast approval process, there’s no time barrier either.

The only question is: Will you keep building other people’s businesses, or start building your own?

Contact Ing Heng Credit today and take the first step from renter to owner.

Your excavator. Your schedule. Your profits. Your future.

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About Ing Heng Credit & Leasing:

Established in 1985, Ing Heng Credit & Leasing is Malaysia’s trusted equipment financing specialist. We’ve helped over 4,000+ contractors, logistics companies, and manufacturers acquire the equipment they need to grow their businesses. Our expertise in construction equipment, combined with flexible financing solutions, makes equipment ownership accessible to businesses of all sizes.

Published: December 21, 2025 Last Updated: December 21, 2025 Read Time: 12 minutes