Our Services
For Corporates:
Floor Stock Financing / Block Discount Financing
● Types of Goods Financed
- Private and commercial motor vehicles
● Who can apply
- Private and Public Limited Company
- Limited Liability Partnerships
● Security Arrangement
- Debenture incorporating a Fixed and Floating charge over assets financed by us.
- Director Joint & Several Personal Guarantee (If Applicable)
- Corporate Guarantee (If Applicable)
● Finance Tenor
- Revolving in nature up to 90 days.
● Margin of Finance
- Up to 100% of the purchase price or market valye of the vehicles/goods whichever is lower
● Interest rate
- Base Lending Rate (According to type of goods we financed)
For Individuals:
Hire Purchase Financing
● Types of Goods Financed
- Private and commercial motor vehicles
● Who can apply
- Individual
● Security Arrangement
- Motor Vehicle to be tagged by us in HPFLAS.
- Several Personal Guarantee (If Applicable)
● Finance Tenor
- Revolving in nature up to 84 months.
● Margin of Finance (Based on MAS Ruling)
- OMV $20,000 and Below, 70% of the purchase price or valuation price, whichever is lower
- OMV $20,000 and Above, 60% of the purchase price of valuation price, whichever is lower.
● Interest rate
- Base Lending Rate (According to type of goods we financed)
OTHER COSTS
-Stamp duty
-Legal fees
-Insurance Premium
-Annual renewal fee
-Administration Facility Fee (One-Time)
REQUIRED DOCUMENTS
Buyer
1. Clear Copy of NRIC (Front and Back)
2. Income Documents (Latest 1 year CPF statement, 2 years Notice of Assessment, Latest 3 months Payslip)
3. Sales and Purchase Agreement
Seller
1. Vehicle Logcard and LTA Acknowledgement
2. Clear Copy of NRIC (Front and Back)
3. Authorization Form to Check Full Settlement (If Vehicle still under Finance)
For Corporates**, bill of exchange and lading, LTA acknowledgement page, vendor invoice, certification of declaration, delivery receipt and purchase agreement, latest 2 years financial statement and 6 months bank statements. **Any other relevant documents as requested by Skyline Investment Management’s management for credit assessment purposes.
Guarantor (If Applicable)
1. Clear Copy of NRIC (Front and Back)
2. Income Documents (Latest 1 year CPF statement, 2 years Notice of Assessment, Latest 3 months Payslip)