Sandvik Mining and Sandvik Construction have announced an in-house financing service for customers in Australia purchasing new Sandvik equipment – allowing them “to take advantage of competitive interest rates, flexible finance terms and conditions, and a finance provider that fully understands the needs of the industry”, it says. Sandvik Credit is a fully owned subsidiary of Sandvik Group, giving it “a complete understanding of the challenges and requirements of equipment purchases in the mining, construction and quarry industries”, said Sandvik Credit’s Global Manager, Angelica Adamski.

“Sandvik Credit has been established in Australia to support all our customers with customised financing solutions. 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,” said Adamski. “For example, we can tailor repayment schedules to a customer’s project, smoothing out their cash flow.”

In addition to equipment finance packages, Sandvik Credit can also provide custom-designed 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; and tailor-made loans. 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,” said Adamski. “Our aim is to work with our customers to maximise their potential, and help them become even more productive and profitable through the combination of the mining industry’s leading range of specialised products with a finance supplier that fully understands just how the industry works.”