FEATURES
Unlock Your Vehicle’s Value for Business Growth
Turn your vehicle into a business growth tool. With CIB Auto Equity Loan, SMEs can unlock up to 50% of their vehicle’s value for expansion or working capital.
Loan Amount
Minimum and maximum based on serviceability and up to 50% of current vehicle value as per market valuation.
Tenor
Up to 36 months (expansion/diversification) or 24 months (working capital)
Security
Vehicle valuation by CIB-approved valuer; comprehensive insurance; tracking device mandatory
Repayment
Amortized monthly (principal + interest)
Top Up
Not allowed (exceptions require Head of Segment approval)
BENEFITS
The lending benefits
- Unlocks liquidity from owned vehicles
- Flexible repayment aligned with business income
- Supports both short-term and long-term needs