Prime Mover Financing Malaysia: 0% Deposit, 100% Financing Available

Need a prime mover for your logistics or port operations business? Want to finance without paying any deposit upfront?

This guide explains everything about prime mover financing in Malaysia. We cover 0% deposit options, approval requirements, costs, and how to get fast approval for your equipment.

What you will learn:

• How to get 100% financing with zero deposit
• Eligibility requirements for prime mover loans
• Cost comparison: financing vs leasing vs renting
• Step-by-step application process
• Documents needed for fast approval

Let’s start with the basics.

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What is Prime Mover Financing?

Prime mover financing is a loan to buy a truck head (also called tractor unit or truck tractor). The prime mover is the front part of a semi-trailer truck that pulls cargo containers or trailers.

How Prime Mover Financing Works

Simple explanation:

1. You choose the prime mover you need (new or used)
2. We finance up to 100% of the purchase price
3. You pay monthly installments over 3-7 years
4. You own the equipment at the end of loan tenure
5. The prime mover is the collateral (security for loan)

Key advantage: You start operating immediately without large upfront payment.

Types of Prime Movers We Finance

Standard Prime Movers:

• 4x2 (2-axle) - Port container hauling
• 6x4 (3-axle) - Heavy cargo, long distance
• 6x2 (2.5-axle) - Medium duty hauling

Brands We Finance:

• Mercedes-Benz Actros
• Volvo FH/FM series
• Scania R/S/P series
• MAN TGX/TGS
• DAF XF/CF
• Hino 700 series
• UD Trucks Quester
• Isuzu Giga
• Used European/Japanese brands

Price Ranges:

• Used prime movers: RM 150,000 - 250,000
• New prime movers: RM 300,000 - 500,000
• Premium models: RM 500,000 - 800,000

We finance all types, new or used, up to 10 years old.

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Benefits of Prime Mover Financing for Logistics Operations

Why finance instead of renting or leasing?

1. Zero Deposit Required (For Qualified Applicants)

Traditional banks require:

• 10-30% down payment
• RM 30,000-100,000 upfront for RM 300,000 prime mover
• Immediate cash outflow

We offer:

• 0% deposit for qualified businesses
• 100% financing available
• Preserve working capital for operations
• Start earning immediately

Who qualifies for 0% deposit?

• Good credit score (CTOS/CCRIS 650+)
• Business operating 1+ years
• Stable revenue stream
• Low debt-to-income ratio

2. Ownership from Day One

Renting a prime mover:

• RM 8,000-12,000/month rental
• No asset at end
• Total cost after 5 years: RM 480,000-720,000
• Still need to rent after 5 years

Financing instead:

• RM 5,800/month payment (RM 300K unit, 0% deposit)
• Own the prime mover after 60 months
• Total cost: RM 348,000
• Savings: RM 132,000-372,000 over 5 years
• Asset value: RM 150,000+ after 5 years

3. Build Business Assets

Your prime mover is valuable:

• Appears on company balance sheet
• Increases business valuation
• Can be used as collateral for future loans
• Sells for good resale value (RM 100,000-200,000 after 5-7 years)

Versus renting:

• Zero assets accumulated
• Nothing to show after years of payments
• Harder to get future financing

4. Tax Benefits

Financing allows tax deductions:

• Monthly interest payments are tax-deductible
• Depreciation reduces taxable income
• Lower corporate tax burden
• Better cash flow management

Example savings: RM 300,000 prime mover can save RM 15,000-30,000 in taxes over 5 years.

5. Predictable Monthly Costs

Fixed monthly payments:

• Same amount every month for entire tenure
• Easy to budget and plan cash flow
• No surprise rent increases
• Lock in your rate for 5-7 years

Rental costs increase:

• 5-10% increase annually
• Hard to budget long-term
• Forced to accept higher rates

6. Fast Approval (Compared to Banks)

Traditional bank financing:

• 2-4 weeks approval process
• Strict requirements
• Complex documentation
• Slow disbursement

Our process:

• 1-2 business days initial response
• 3-7 days complete approval
• Flexible requirements
• Fast equipment release

Why we’re faster: We specialize in equipment financing and understand SME needs.

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Financing Options: 0% Deposit vs Low Deposit

Let’s compare different deposit levels for a RM 300,000 prime mover.

Option 1: Zero Deposit (100% Financing)

Loan amount: RM 300,000 Deposit required: RM 0 Interest rate: 7-8% per year Tenure: 60 months (5 years) Monthly payment: RM 5,940-6,120 Total paid: RM 356,400-367,200 Total interest: RM 56,400-67,200

Best for:

• New businesses needing immediate equipment
• Cash flow tight but revenue stable
• Emergency replacement of broken unit
• Just secured major contract

Option 2: 10% Deposit (90% Financing)

Loan amount: RM 270,000 Deposit required: RM 30,000 Interest rate: 6-7% per year Tenure: 60 months (5 years) Monthly payment: RM 5,230-5,490 Total paid: RM 343,800-359,400 Total interest: RM 43,800-59,400

Savings vs zero deposit: RM 7,800-12,600 over 5 years

Best for:

• Businesses with some cash reserves
• Want lower monthly payments
• Seeking better interest rates
• Established operations (2+ years)

Option 3: 20% Deposit (80% Financing)

Loan amount: RM 240,000 Deposit required: RM 60,000 Interest rate: 5-6% per year Tenure: 60 months (5 years) Monthly payment: RM 4,530-4,720 Total paid: RM 331,800-343,200 Total interest: RM 31,800-43,200

Savings vs zero deposit: RM 24,000-36,000 over 5 years

Best for:

• Businesses with good cash position
• Want significant interest savings
• Easier approval process
• Lower monthly payment burden

Which Option Should You Choose?

Choose 0% deposit if:

• You have zero cash available now
• Just starting logistics business
• Need equipment urgently (broken down unit)
• Have confirmed contracts ready

Choose 10% deposit if:

• You have RM 30,000 available
• Want to save RM 10,000+ over loan term
• Seeking easier approval
• Business operating 1-2 years

Choose 20% deposit if:

• You have RM 60,000 cash reserves
• Want lowest monthly payments (RM 4,500-4,700)
• Save maximum on interest (RM 20,000-30,000)
• Business well-established (3+ years)

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Eligibility Requirements for Prime Mover Financing

What do you need to qualify for 100% financing?

Business Requirements

Basic eligibility:

• Business registered in Malaysia (Sdn Bhd, sole proprietor, partnership)
• Business age: 6 months minimum (1+ years preferred for 0% deposit)
• Valid business license or permit
• Active SSM registration
• Business address in Malaysia

Financial health:

• Stable monthly revenue
• Positive cash flow for 6+ months
• Low existing debt levels
• Good payment history with suppliers

Credit Requirements

Credit score tiers:

Tier 1 (100% financing, 0% deposit):

• CTOS/CCRIS score: 700+ (excellent)
• Zero bankruptcy records
• No serious payment defaults
• Good banking relationship

Tier 2 (90% financing, 10% deposit):

• CTOS/CCRIS score: 600-699 (good)
• Clean bankruptcy record (or discharged 5+ years ago)
• Minor payment issues acceptable
• Regular business banking activity

Tier 3 (80% financing, 20% deposit):

• CTOS/CCRIS score: 550-599 (fair)
• Past bankruptcy acceptable if discharged
• Payment issues will be considered
• Proof of business income required

Don’t know your credit score? We can help you check. Free CTOS report review for serious applicants.

Income/Revenue Requirements

For 0% deposit:

• Annual business revenue: RM 500,000 minimum
• Monthly revenue: RM 40,000+ average
• Debt-to-income ratio: Below 50%

For 10% deposit:

• Annual business revenue: RM 300,000 minimum
• Monthly revenue: RM 25,000+ average
• Debt-to-income ratio: Below 60%

For 20% deposit:

• Annual business revenue: RM 150,000 minimum
• Monthly revenue: RM 12,000+ average
• Debt-to-income ratio: Below 70%

Collateral & Security

The prime mover itself is the main collateral:

• Equipment value must match or exceed loan amount
• Comprehensive insurance required (we can arrange)
• Equipment must be roadworthy and legal
• Registration under your company name

Additional security (may be required):

• Director personal guarantee
• Business assets pledge
• Fixed deposits (partial)

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Step-by-Step Prime Mover Financing Application Process

Here is exactly how to apply and get approved fast.

Step 1: Check Your Eligibility (10 Minutes)

Quick pre-qualification:

1. Contact us via WhatsApp: +60 17-570 0889
2. Share these details:
   • Prime mover model and price
   • Your business age and type
   • Estimated credit score (if known)
   • Preferred deposit amount (0%, 10%, 20%)
3. We tell you if 100% financing is possible

No obligation, free assessment, instant feedback

Step 2: Prepare Your Documents (1-2 Days)

Business documents needed:

• SSM certificate (latest - within 3 months)
• Business registration details (Form 9, Form 24, Form 49 for Sdn Bhd)
• Business license (JPJ transport license if applicable)
• Memorandum & Articles of Association (Sdn Bhd)

Financial documents needed:

• Bank statements (6 months business account)
• Latest tax return (Borang B or BE)
• Financial statements (if available - audited or management accounts)
• Existing loan statements (if any)

Personal documents (director/owner):

• IC copy (front and back, clear scan)
• Personal bank statements (3 months)
• Utility bill (proof of address)
• CTOS/CCRIS report (we can help obtain)

Equipment documents:

• Prime mover quotation from dealer
• Equipment specifications (brand, model, year, engine)
• Photos of unit (if used prime mover)
• Current market valuation (we can help assess)

Pro tip: Have everything ready before applying. Complete applications get approved 2-3x faster.

Step 3: Submit Formal Application (1 Hour)

How to submit:

Option A: Online Application

• Fill out form on our website
• Upload all documents in PDF format
• Submit and receive confirmation email
• Track application status online

Option B: WhatsApp Application

• Send documents via WhatsApp: +60 17-570 0889
• We guide you through the process
• Confirm receipt of all documents
• Update you on progress daily

Option C: Office Visit

• Visit our Klang office
• Meet our financing specialist
• Submit documents in person
• Get immediate preliminary assessment

Address: 42, Jalan Kapar 27/89, Bandar Bukit Raja, 41050 Klang, Selangor

Step 4: Credit Assessment & Approval (1-3 Days)

What we check:

• Credit bureau reports (CTOS, CCRIS, CTOS-CCRIS)
• Business financial health analysis
• Equipment valuation and inspection
• Bank statement review
• Revenue and expense verification

Communication:

• We may request additional documents
• We may clarify business details
• You receive updates via WhatsApp/email
• Fast response to your questions

Timeline:

• Initial response: 1-2 business days
• Complete approval: 3-7 business days
• Much faster than banks (2-4 weeks)

Step 5: Approval Letter & Terms (Same Day)

You receive:

• Official approval letter
• Financing terms breakdown
  • Loan amount approved
  • Deposit required (if any)
  • Interest rate
  • Monthly payment schedule
  • Tenure (60, 72, or 84 months)
  • Total amount payable
• Next steps instructions

Review and decide:

• Accept terms and proceed
• Negotiate terms (tenure, deposit amount)
• Request alternative options
• Ask questions if unclear

Step 6: Documentation & Agreement Signing (2-3 Days)

We prepare:

• Hire purchase agreement
• Equipment insurance policy (comprehensive coverage)
• Stamping and legal documents
• Payment instructions for deposit (if required)

You provide:

• Signed agreement (all pages initialed)
• Deposit payment (if required - bank transfer)
• Insurance premium payment (first year)
• Any outstanding documents

Legal compliance:

• Lawyer review (optional but recommended)
• Stamp duty payment
• Government registration

Step 7: Equipment Release & Disbursement (1-2 Days)

Final steps:

1. We pay the dealer directly (full amount)
2. You collect prime mover from dealer
3. Equipment registration in your company name
4. Insurance activation (coverage starts immediately)
5. JPJ road tax and Puspakom inspection (if required)

You’re ready to operate!

• First monthly payment: 30 days from disbursement
• Payment via auto-debit or manual transfer
• Receive payment reminders before due date

Total timeline: 5-10 business days from application to equipment in your hands.

Compare to banks: 4-8 weeks typical timeline.

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Cost Comparison: Financing vs Leasing vs Renting

Let’s break down the real numbers for a RM 300,000 prime mover over 5 years.

Option 1: Financing with 0% Deposit

Upfront cost: RM 0 Monthly payment: RM 5,940 (60 months, 7.5% interest) Total paid over 5 years: RM 356,400 Equipment value after 5 years: RM 150,000 (you own it) Net cost: RM 206,400

Pros:

• Zero upfront payment
• Own the asset after 5 years
• Asset value RM 150,000+
• Lowest net cost long-term

Cons:

• Higher monthly payment
• Interest costs RM 56,400
• Commitment for 5 years

Option 2: Leasing (Operating Lease)

Upfront cost: RM 10,000-20,000 (security deposit) Monthly payment: RM 8,000-10,000 Total paid over 5 years: RM 490,000-620,000 Equipment value after 5 years: RM 0 (you don’t own it) Net cost: RM 490,000-620,000

Pros:

• Maintenance included (usually)
• Upgrade to new unit after lease
• No ownership burden

Cons:

• MUCH higher total cost
• No asset at the end
• Must continue leasing forever
• Net cost 2-3x higher than financing

Option 3: Renting (Short-Term)

Upfront cost: RM 5,000-10,000 (deposit) Monthly payment: RM 10,000-15,000 Total paid over 5 years: RM 600,000-900,000 Equipment value after 5 years: RM 0 (you don’t own it) Net cost: RM 600,000-900,000

Pros:

• Flexible terms (monthly, weekly)
• No long-term commitment
• Replacement if breakdown

Cons:

• HIGHEST cost option
• Rates increase annually (5-10%)
• No asset accumulation
• Dependent on rental availability

Option 4: Cash Purchase (No Financing)

Upfront cost: RM 300,000 (full payment) Monthly payment: RM 0 Total paid over 5 years: RM 300,000 Equipment value after 5 years: RM 150,000 Net cost: RM 150,000

Pros:

• Lowest total cost (no interest)
• No monthly payments
• Full ownership immediately

Cons:

• Huge upfront cash requirement
• Cash tied up in equipment
• Opportunity cost (could invest elsewhere)
• Reduced working capital

Cost Comparison Table

Option	Upfront	Monthly	Total 5 Years	Asset Value	Net Cost
Financing (0% deposit)	RM 0	RM 5,940	RM 356,400	RM 150,000	RM 206,400
Financing (10% deposit)	RM 30,000	RM 5,346	RM 350,760	RM 150,000	RM 200,760
Leasing	RM 15,000	RM 9,000	RM 555,000	RM 0	RM 555,000
Renting	RM 7,500	RM 12,500	RM 757,500	RM 0	RM 757,500
Cash Purchase	RM 300,000	RM 0	RM 300,000	RM 150,000	RM 150,000

Clear Winner: Financing

Financing saves you:

• RM 348,600 vs leasing (5 years)
• RM 551,100 vs renting (5 years)
• Plus you own a RM 150,000 asset

Why financing is best:

• Lowest net cost (after cash purchase)
• Zero or low deposit
• Own valuable asset
• Build business equity
• Tax deductions available

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Documents Required for Fast Approval

Prepare these to speed up your application.

Business Documents Checklist

For Sdn Bhd:

• SSM certificate (Form 9 - latest)
• Form 24 (Company details)
• Form 49 (Directors and shareholders)
• Memorandum & Articles of Association
• Company bank account statements (6 months)
• Company resolution to apply for financing
• JPJ transport license (if applicable)

For Sole Proprietor/Partnership:

• SSM business registration certificate
• Business bank account statements (6 months)
• Personal bank statements (3-6 months)
• Business license (if applicable)
• JPJ transport license (if applicable)

Financial Documents Checklist

All applicants:

• Latest tax return (Borang B for companies, BE for individuals)
• 6 months business bank statements (showing revenue)
• Financial statements (if available):
  • Audited accounts (preferred)
  • Management accounts
  • Profit & loss statement
  • Balance sheet
• Existing loan statements (all current loans)
• EPF/KWSP statements (if sole proprietor)

For zero deposit applications:

• 12 months bank statements (instead of 6)
• 2 years audited accounts (if Sdn Bhd)
• Cash flow projections (next 12 months)
• Customer contracts or purchase orders (proof of revenue)

Personal Documents (Director/Owner)

Required:

• IC (front and back, clear color copy)
• Utility bill (TNB, water, or phone bill - proof of address)
• Personal bank statements (3-6 months)
• Payslips (if employed elsewhere)

Additional (may be requested):

• EA form (annual income statement)
• CTOS/CCRIS credit report (we can help obtain)
• Income tax receipt (proof of tax payment)
• Passport (if foreigner)

Equipment Documents

For new prime mover:

• Official quotation from dealer (on letterhead)
• Equipment specifications (brand, model, engine, capacity)
• Warranty details
• Delivery timeline
• Supplier company details (for payment)

For used prime mover:

• Quotation from dealer or seller
• Equipment specifications (including year)
• Photos of prime mover (all angles, engine, interior)
• Current registration card (VOC/geran)
• Service history (if available)
• Puspakom B5 inspection report (roadworthy certificate)
• JPJ search report (check for summons/blacklist)

Pro tips for documents:

• Scan in color PDF format (clear, readable)
• Bank statements must show clear business activity
• Latest documents (within 3 months for business docs)
• All pages included (no missing pages)
• Organized by category (business, financial, personal, equipment)

Missing documents? Contact us before applying. We guide you on what you can substitute.

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Frequently Asked Questions

Can I get prime mover financing with 0% deposit in Malaysia?

Yes, we offer up to 100% financing for qualified applicants. Zero deposit financing is available for businesses with good credit score (700+), established operations (1+ years), and stable revenue. Most applicants with credit score 600+ can get 90% financing with 10% deposit. Contact us to check your eligibility for zero deposit options.

What is the approval process for prime mover financing?

Our approval process is fast compared to traditional banks. Submit your application with business documents, financial statements, and equipment quotation. We provide initial response within 1-2 business days after reviewing your credit and financials. Complete approval takes 3-7 business days. Banks typically take 2-4 weeks for the same process.

How much does prime mover financing cost?

For a RM 300,000 prime mover with 0% deposit over 60 months, monthly payment is approximately RM 5,800-6,500 depending on your credit profile and interest rate (7-8% annually). With 10% deposit (RM 30,000), monthly payments reduce to RM 5,200-5,800. Total interest cost over 5 years ranges from RM 45,000-65,000.

Can I finance used prime movers?

Yes, we finance both new and used prime movers up to 10 years old. Used units typically cost RM 150,000-250,000 versus RM 300,000-500,000 for new models, making financing easier to obtain. Used prime movers must pass Puspakom B5 inspection and be roadworthy. We finance all major brands including Mercedes, Volvo, Scania, MAN, DAF, Hino, UD Trucks, and Isuzu.

What documents do I need for prime mover financing?

You need business documents (SSM certificate, business license), financial documents (6 months bank statements, tax returns), personal IC and bank statements, and equipment quotation with specifications. For zero deposit applications, we require 12 months bank statements and stronger financial proof. We help you prepare everything needed for fast approval.

How long is the financing tenure for prime movers?

Financing tenure ranges from 36 to 84 months (3-7 years). Most applicants choose 60 months (5 years) for balanced monthly payments and total interest cost. Longer tenure (72-84 months) means lower monthly payments but higher total interest. Shorter tenure (36-48 months) means higher monthly payments but lower total interest. We help you choose the best tenure for your cash flow.

Is prime mover financing cheaper than leasing?

Yes, financing costs much less long-term. Over 5 years, financing a RM 300,000 prime mover costs RM 350,000-380,000 total (including interest) and you own a RM 150,000 asset. Leasing the same unit costs RM 450,000-600,000 with zero ownership at the end. Financing saves RM 100,000-250,000 and you own the equipment. Net cost is 2-3 times lower than leasing.

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Why Choose Ing Heng Credit for Prime Mover Financing?

We have been financing logistics and construction equipment since 1985 (40 years experience).

Our Competitive Advantages

1. Zero Deposit Financing Available

• 100% financing for qualified businesses
• Minimum 10% deposit for most applicants
• Trade-in value accepted as deposit
• Flexible deposit payment plans

2. Fast Approval Process

• Initial response: 1-2 business days
• Complete approval: 3-7 business days
• Banks take 2-4 weeks for same process
• We understand SME needs and challenges

3. Finance Used Prime Movers

• Accept units up to 10 years old
• Banks typically limit to 5-7 years
• Great savings for cost-conscious businesses
• Same approval process as new units

4. Flexible Financing Terms

• Tenure: 36-84 months (3-7 years)
• Customize payment schedule
• Balloon payment options
• Step-up/step-down payments available

5. All Brands & Models

• Mercedes-Benz, Volvo, Scania, MAN, DAF
• Hino, UD Trucks, Isuzu
• European and Japanese models
• 4x2, 6x2, 6x4 configurations

6. Transparent Pricing

• No hidden fees
• Clear interest rate disclosure
• Detailed payment schedule
• Total cost breakdown upfront

7. High Approval Rate

• 90%+ approval rate
• Work with various credit profiles
• Flexible for SMEs
• Solutions for most applicants

8. Additional Services

• Insurance arrangement (comprehensive)
• Puspakom inspection coordination
• JPJ registration assistance
• Road tax renewal reminders

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Get Your Prime Mover with 0% Deposit Today

Ready to expand your logistics fleet without large upfront costs?

3 Easy Ways to Apply

Option 1: WhatsApp Application (Fastest)

1. WhatsApp: +60 17-570 0889
2. Share: Prime mover model and price
3. Receive: Eligibility assessment (10 minutes)
4. Submit: Documents via WhatsApp
5. Track: Application status daily

Option 2: Online Application

1. Visit: Contact Us
2. Fill: Application form (5 minutes)
3. Upload: All documents (PDF format)
4. Receive: Confirmation email
5. Track: Status online

Option 3: Office Visit

1. Address: 42, Jalan Kapar 27/89, Bandar Bukit Raja, 41050 Klang, Selangor
2. Meet: Our financing specialist
3. Submit: Documents in person
4. Get: Immediate preliminary assessment
5. Proceed: Same-day processing

Business Hours:

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

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Stop Renting, Start Owning Your Fleet

Current situation (renting):

• Monthly rental: RM 10,000-12,000
• After 5 years: RM 600,000-720,000 spent
• Zero assets owned
• Must continue renting forever

Better option (financing with 0% deposit):

• Monthly payment: RM 5,940
• After 5 years: RM 356,400 spent
• Own RM 150,000 prime mover
• Total savings: RM 240,000-360,000

Ready to save hundreds of thousands?

Contact Ing Heng Credit today:

WhatsApp: +60 17-570 0889 Email: info@inghengcredit.com Office: 42, Jalan Kapar 27/89, Bandar Bukit Raja, 41050 Klang, Selangor

Get your prime mover with 0% deposit and 100% financing. Fast approval. Start operating in 7 days or less.

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Published: January 2, 2026 Category: Equipment Financing Target Audience: Logistics companies, port operators, trucking businesses, freight forwarders Primary Keyword: prime mover financing Malaysia Reading Time: 12 minutes