IconHow 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.


IconA 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

IconFinancing Terms

Eligibility
  • Sole Proprietors
  • Partnerships
  • Public Listed Companies
  • Private Limited Companies
Margin of finance Maximum 85% financing, minimum loan amount applies.
Tenure 7 years
Here's how this unique plan works:
EZ Beli 3-Tier Plan: 9-year Auto Financing Plan. Divides by 3 Tiers. EZ Beli 3-Tier Plan: 9-year Auto Financing Plan. Divides by 3 Tiers.

IconEZ Beli for Businesses FAQs

  1. 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.

  2. 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.

  3. 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.

  4. How much can I borrow?
    The maximum loan is 85% of the vehicle's On The Road price. Including Insurance & Road Tax.

  5. 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.

  6. 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!

  7. 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.

  8. 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.

  9. 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!

  10. 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

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