TNB Vendor Financing Program
Our financing program that is offered solely to qualified contractors registered with Tenaga Nasional Berhad having secured contracts or purchase orders (PO) from Tenaga Nasional Berhad.
For enquiries email to: email@example.com
- We offer to our clients with 70% margin of financing against individual PO issued by TNB.
- Pre-Financing Program
- Attractive Financing Rates
Purpose of Financing
The purpose of the financing is for working capital purposes only and shall not be used of refinancing for existing facilities.
The financing is offered for the Revolving facilities
- Cash Line (Non checking)
- Financing limit per contractor of RM500,000.00
- Sendirian Berhad RM2.0 million per contractor
- Sole Prop / Partnership RM1.0 million per contractor.
- Assignment of contract proceeds between Bank Islam and customer.
- Irrevocable Letter of Notification from contractors to proceeds into their NCCA maintained with the Bank.
- Joint Several Guarantee (JSG) by all directors.
1-year subject to annual review
Margin Of Financing
Up to 70% per Purchase Order (PO)
Product Disclosure Sheet (PDS) – Eng & Malay Version