Volvo Trucks and Standard Chartered roll out commercial vehicle financing scheme for...

Volvo Trucks and Standard Chartered roll out commercial vehicle financing scheme for SMEs

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Volvo Malaysia and Standard Chartered Bank Malaysia have formed a strategic alliance to offer a first-of-its-kind financial solution to enable small-and-medium sized (SME) enterprises in Malaysia to purchase high-quality trucks. The deal gives Malaysian SMEs access, for the first time, to more affordable means of financing purchase of commercial vehicles.

A unique element of this financing package is the Total Profitability Over-Lifecycle (TPOL) consultation which Volvo provides to the customers. Tested by key Volvo customers and found to be beneficial towards business operations, the TPOL solution helps to bring the best practices and analysis towards understanding the key components of profitability in a business, such as investments, operation costs, and revenue drivers.

The financial solution is specially catered for Volvo Malaysia’s customers. Both Volvo Malaysia and Standard Chartered Bank Malaysia will work closely in assessing and responding to the customer’s requirements with a two-week turnaround time.

KON

Picture: Official Volvo release.

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