Sandvik offers customers in-house credit

MINING equipment purchasers for new Sandvik Mining and Sandvik Construction products now have access to an in-house financing service.

Lou Caruana

Sandvik says its Sandvik Credit service offers competitive interest rates, flexible finance terms and conditions, and a finance provider that fully understands the needs of the industry.

According to Sandvik Credit global manager Angelica Adamski, Sandvik Credit, which is a fully owned subsidiary of Sandvik Group, 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.

“And because we are a separate entity but act as an integral part of Sandvik Mining and Sandvik Construction, we truly understand our customers’ operations, and their needs.

“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.”

Adamski said Sandvik Credit could tailor repayment schedules to a customers’ project, smoothing out their cash flow.

As well as equipment finance packages, Sandvik Credit can also provide custom-designed loans, such as adding credit lines.

Payment periods can be from 12-60 months, and can include flexible payment plans, and fixed or variable interest rates.

“Sandvik Credit works closely with our customers, along with Sandvik Mining and Sandvik Construction representatives to review the project, the type of equipment required, and the timing – and 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.”

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