Financing for equipment and vehicles for your business
Asset financing lets your business buy or lease capital equipment (manufacturing equipment, commercial vehicles, medical devices, restaurant equipment) without full cash pressure on working capital. The asset itself serves as collateral, meaning better terms than unsecured financing.
20,000,000
SAR max
3 to 7 years
Tenor
5 to 15 days
Speed
6-12% APR (lower due to collateral)
Cost
Identify the asset (new or used) and get a quote from the supplier
Apply to the lender with the quote and your business information
Lender evaluates the asset (value, useful life) and your business
Upon approval, the lender pays the supplier directly; you receive the asset
Repay in monthly or quarterly installments for up to 7 years
A sample. Diro instantly matches you with lenders suited to your business profile.
Maximum amount
20,000,000 SAR
Tenor
3 to 7 years
Cost structure
6-12% APR (lower due to collateral)
Funding speed
5 to 15 days
Purchase: you own the asset from day one, with the lender holding a lien until full repayment. Leasing: the lender buys the asset and you rent it over years with an optional final purchase. Leasing suits companies preferring off-balance-sheet assets.
Yes, provided they have remaining useful life (typically under 5 years for vehicles, 7 years for industrial equipment). Used-asset financing ratios are lower (60-70% of value vs 80-90% for new).
The asset serves as collateral. In case of default, the lender has legal rights to repossess. This is why asset financing is cheaper than unsecured — less risk for the lender.
Licensed providers
Completely free
Instant comparison
35+ lenders
One application, offers from lenders matching your business profile
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