How does it work?
Toyota EZ Beli for Businesses is the latest innovative auto-financing plan from Toyota Capital for commercial vehicles - a hassle-free monthly instalments scheme that differs from the conventional loans. The Toyota EZ Beli for Businesses is a 7-year loan divided into 3 tiers category for the convenience of you, the business owner.
A reliable Toyota for your Business
This plan is perfect for:
- Startups & micro-businesses
- SMEs
- Small fleet
- Large fleet
Benefits
- Lowest and competitive monthly instalments for the first 3 years
- Slight increase in Tier 2 (Year 4 - 5) in line with your business grow
- Flexible option for Tier 3 (Year 6 - 7): continue repayment OR trade in for a new Toyota
Requirements
Sole Proprietor/Partnership
Proprietor/partner(s) NRIC who sign the HP documents
- Copy of Business Registration (BR)
- Copy of BR Renewal (Form D/E)
- Latest 3 months' bank statement
- Latest Income Tax statement with proof of tax payment
Private/Public Companies (Corporate Applicants)
(Please ensure that the following documents are Certified True Copies)
- Form 9
- Form 49 / Section 58
- Latest 3 months' bank statement OR 1 year Audited Financial Statement
- Board Resolution
- Any one (1) Director's NRIC / Passport
- SSM Statement
Financing Terms
| Eligibility |
|
| Margin of finance | Maximum 85% financing, minimum loan amount applies. |
| Tenure | 7 years |
Here's how this unique plan works:
EZ Beli for Businesses FAQs
-
What is Toyota EZ Beli for Businesses?
This is an easy auto-financing plan especially for vehicles to be used for businesses where you will enjoy lower monthly instalments in the first 3 years of the loan tenure, and your instalments will moderately increase along the tenure. -
What is the difference between this plan and the normal EZ Beli?
The normal EZ Beli plan is a financing plan over a 9-year loan tenure divided in 3 phases of 3 years each; EZ Beli for Businesses is a financing plan over a 7-year tenure divided into 3 years over the first Phase, and subsequently 2 years over the 2nd and 3rd Phases. -
How long is this loan tenure?
Toyota EZ Beli for Businesses is offered on a 7-year tenure for a new Toyota. Of the 7-year tenure, Tier 1 is 1st to 3rd year, Tier 2 is 4th to 5th year and Tier 3 is 6th to 7th year. -
How much can I borrow?
The maximum loan is 85% of the vehicle's On The Road price. Including Insurance & Road Tax. -
What is the different between this plan compared to other hire purchase plan?
Toyota EZ Beli for Businesses allows you to enjoy lower monthly repayments in the first 3 years of the loan term and subsequently increase moderately as your business grows and cashflows increase. While a conventional Hire Purchase plan requires you to pay the same monthly instalments throughout the loan term. -
I am attracted to your lower monthly payments in Tier 1. Will I be able to afford the higher payments in Tier 2 or Tier 3?
No worries! The repayments in Tier 2 are only slightly higher, with your business growing, you'll be able to service the instalments. At end of Tier 2, you may choose to trade in the car for a new Toyota with Toyota EZ Beli for Businesses again! -
After Tier 2 ended, if I cannot afford the higher repayments in Tier 3, what is my option?
You may opt for early settlement of your car loan. Just trade in your vehicle for a new Toyota, and the trade in value can be used to offset the outstanding balance of your loan. -
Can I pay more in Tier 1 & 2 instalments and what will happen to my loan if I pay more?
Yes, you can pay more in Tier 1 instalments. The additional payment is treated as advance payment. -
Do I get interest rebates from my advance payment?
You'll still get to enjoy the rebate once you settle your loan at end of Tier 2! -
What are the requirements for EZ Beli for Business?
Here are the requirements to register Toyota EZ Beli for Business :
Sole Proprietor/Partnership
Proprietor/partner(s) NRIC who sign the HP documents
- Copy of Business Registration (BR)
- Copy of BR Renewal (Form D/E)
- Latest 3 months' bank statement
- Latest Income Tax statement with proof of tax payment
Private/Public Companies (Corporate Applicants)
(Please ensure that the following documents are Certified True Copies)- Form 9
- Form 49 / Section 58
- Latest 3 months' bank statement OR 1 year Audited Financial Statement
- Board Resolution
- Any one (1) Director's NRIC / Passport
- SSM Statement
