Fixed Assets

Equipment Financing Loan

Businesses can seek financing of up to 90% and tenor up to 5 years. Apply online to receive $50 shopping vouchers.

Equipment Financing


$50 shopping voucher
with loan amount of at least $50,000 over min. 36 months
and additional Nets Flash Pay Card if loans are disbursed by 31st December 2018.

Valid until 31 December 2018


Apply Online Now


Equipment Financing Loan Features
Loan AmountUp to 90%* of the purchase price or valuation (whichever is lower)
Loan TenorUp to 5 years**



Why choose DBS Equipment Financing?

  • Ease your cash flow with predetermined instalments that meet your needs
  • Control your costs with competitive interest rates
  • Facilitate overseas purchases by bundling with our Trade and FX services 

Terms and Conditions

  1. Any applicant ("Applicant") which is a new or existing corporate customer of DBS Bank Ltd. (the "Bank") is eligible to participate in this Promotion.
  2. To participate in this Promotion, an Applicant must:
    (i) from 1st October 2018 to 31 December 2018, apply for an Equipment Financing Loan and/or a Commercial Vehicle Loan, each with a minimum loan amount of S$50,000; and
    (ii) submit its duly completed loan application and all supporting documents required via DBS Website Online Loan Application.
  3. Eligible Applicants may be entitled to receive a S$50 shopping voucher for each Equipment Financing Loan and/or Commercial Vehicle Loan which satisfies the conditions in paragraph 2 above, has a tenor of at least 3 years and is submitted through DBS Website Online Loan Application by 31 December 2018.
  4. Eligible Applicants may be further entitled to receive a Nets Flash Pay Card worth S$88 for each Equipment Financing Loan and/or Commercial Vehicle Loan which satisfies the conditions in paragraphs 2 and 3 above and is disbursed by 31 December 2018.
  5. Additional fees including but not limited to administration / processing fees may be charged upon loan disbursement (subject to the Bank’s prevailing terms and conditions).
  6. In order to be eligible for this Promotion, the Applicant must submit his/her loan application personally. If a loan application is submitted by an agent, consultant, referrer, vendor, representative or other third party acting on behalf of an Applicant, the Applicant will not be entitled to receive the shopping voucher mentioned in paragraph 3 above or the Nets Flash Pay Card mentioned in paragraph 4 above.
  7. Applicants must satisfy DBS’ credit assessment for loan application(s). A loan application does not constitute and shall not be construed in any way as any commitment by the Bank whatsoever to enter into or offer, or continue to enter into or offer, any financing arrangement.
  8. The Bank may vary the terms and conditions or discontinue this Promotion at any time without any notice or liability to any party.
  9. The Bank’s decision on all matters relating to this Promotion and any loan application shall be final and conclusive and shall be binding on the Applicant. No correspondence or claims will be entertained.
  10. By submitting a loan application, each Applicant confirms that it is lawfully providing any personal data for the Bank to use and disclose for the purposes of: (i) providing products or services to that Applicant, whether in connection with this Promotion or its loan application; (ii) meeting the operational, administrative and risk management requirements of DBS Group Holdings Ltd. and its related corporations (“DBS Group”); and (iii) complying with any requirement, as DBS Group reasonably deems necessary, under any law or of any court, government authority or regulator.
  11. These terms and conditions are governed by, and shall be construed in accordance with, the laws of Singapore.


How does hire purchase differ from a term loan?

Hire purchase differs from a term loan in several ways. The table below illustrates the key differences.


Hire Purchase

Term Loan

Ownership of goods

Starts once the final instalment has been paid

Starts from the day you receive the loan

Interest rate

Usually flat-rate

Usually floating-rate

Documentation of terms

In an HP Agreement governed under HP Act or HP Common Law

In a loan agreement and DBS takes a charge over the goods

Registration of legal interest

DBS registers as an HP owner with the HP Association and/or Asset Financing and Leasing Association of Singapore

DBS registers with ACRA

Legal fees and stamp duty


Stamp duty applies. Legal fees may apply.

What are the different types of interest rates used?

We offer both flat and fixed interest rate packages for Equipment Financing loans. However, you may also apply for interest rate that are pegged to DBS Prime Rate or ABS SIBOR.

Can I make full prepayment on the outstanding amount and if so do you charge a fee?

Full prepayment is allowed and simply constitutes early termination of the hire purchase agreement. A nominal prepayment fee may be applicable, and we do require written notice one month prior to termination for equipment bought under hire purchase. No written notice is required for commercial vehicles.

Do I have to insure the goods financed under hire purchase?

Yes, if you finance equipment with hire purchase you are required to take out an all-risks insurance policy up its prevailing market value. Similarly, commercial vehicles bought through hire purchase require a comprehensive insurance policy up to the prevailing market value.

Does the bank finance machinery located overseas?

Yes. Please refer to our Internationalisation Finance Scheme page for more information.

Speak to our RM
Speak to our RM

Need an indicative interest rate for your loan?

Speak to a DBS Relationship Manager now