If you are looking for Vessel financing, look no further. The RHB Vessel Financing is a one stop solution for you. With this scheme, the bank finances construction of all completed or incomplete vessels. It is available for Bunker ships, Tug and Barge and AHTS. RHB offers numerous financial solutions to its customers. The bank offers products and services that are extremely customisable and innovative. Thus, choosing one of their products for your business can prove to be a wise decision.
Features and Benefits of RHB Vessel Financing
There are several benefits that come along with this Vessel Financing Scheme offered by RHB Bank. These benefits are as follows.
This can be packaged under term loans, bankers guarantee, trade lines or any other working capital facility.
You can apply for the loan for a period of seven years for the newly-built vessels. For second hand vessels, you can get a term of five years.
You can get the construction term loan for a period of 24 months.
You can structure specific loans for buying machinery, engines and outfitting equipment that are supposed to be mounted on the vessel.
You can get funds worth up to 75% of the valuation or purchase price of the vessel, whichever is lesser. This is applicable for all fully completed vessels.
For all under-construction vessels, the finance offered can go up to 70% of the purchase price.
The rates of interest on this vessel financing are extremely lucrative
Explore the other Financing facilities offered by RHB Singapore: