Biz Financing Program

Our financing program that is offered to our clients includes SME Biz Financing. This financing program is solely targeted for Private Limited Company

 

Benefits & Features

Program Features


Financing Limit

  • Min RM100K
  • Max RM5 million

Purpose

  • Working Capital requirements
  • Capital Expenses (CAPEX)
Note: The facility cannot be used to refinance existing facility granted by the same or other bank.

Type of Financing

  • Term Financing
  • Cash line
  • Trade Facility

Tenor of Financing

Up to 9 years


Collateral

  • Upfront cash deposit of 30% of financing amount;
  • Sinking fund up to 50% of guarantee coverage;
  • Government Guarantee via SJPP of 70% of Fin Amount; and
  • Joint & several guarantee by directors/shareholders.

Guarantee Fee

1.00% per annum on the approved limit payable upfront

 

Eligibility & Requirements

Eligibility

  • Must fall within SME definition
  • Sendirian Berhad company
  • 51% shares owned by Malaysian
  • Registered under the Companies Act
  • New customer: Minimum 5 years of established track record
  • Existing Customer: Minimum 3 years relationship with the Bank with good conduct of account

Basic Documents Required

  • Application Form
  • Statutory Documents

  • -Form 24, 44 and 49

    -Certified of Incorporation Certificate

    -Certified Latest Memorandum & Articles of Association/


  • Financial Information

  • -Certified Audited Account for the last 3 years and the


  • Certified Bank Statement for the last 6 months
 

Product Disclosure Sheet (PDS)