Plant & Equipment

Sandvik launches new finance service

Sandvik Mining and Sandvik Construction have introduced an in-house financing service allowing customers to take advantage of competitive interest rates and flexible finance terms and conditions.
According to Sandvik Credit?s global manager Angelica Adamski, the company has a complete understanding of the challenges and requirements of equipment purchases in the mining, construction and quarry industries.
?Sandvik Credit has been established in Australia to support all our customers with customised financing solutions,? she said. ?Our aim is to be as flexible and as easy to deal with as possible, so that when a customer talks to us about financing their new Sandvik equipment, our understanding of their business and the industry in which they operate allows us to quickly approve a finance package that is precisely tailored to their needs.
?For example, we can tailor repayment schedules to a customer?s project, smoothing out their cash flow.?
Custom loans
In addition to equipment finance packages, Sandvik Credit can also provide custom loans such as adding credit lines. Finance packages available through Sandvik Credit include:
? Finance leases.
? Rent-to-purchase programs.
? Rental conversions with equity applied to purchase price.
? Tailor-made loans.
Payment periods can be from 12 to 60 months and can include flexible payment plans with fixed or variable interest rates.
?Credit approval is within 48 hours,? Adamski said. ?We can provide financing for a complete mine, quarry or construction equipment fleet on a turnkey basis as well as for equipment for specific works or contracts.
?We will finance products for a wide range of applications, including bench and face drilling, loading and hauling, crushing and screening, rock reinforcement, exploration drilling, rock breaking and materials handling.?
Sources: Sandvik Credit, Sandvik Mining and Construction

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