Business Banking

Business Financing-i / Contract-i
To part finance the cost to complete the contract awarded.

Eligibility

  • Public Limited Companies
  • Private Limited Companies
  • Cooperatives(awarded contracts by the government, semi-government bodies, local councils and private companies recognised by Bank Rakyat)

Fee and Charge

Charge and Service for Individuals
Transaction Charge
Wakalah Fee NIL
Stamp Duty Fee NIL
Early Settlement Fee Rebate (Ibra’) will be given on the deferred profit
Commodity Trading Fee RM15 will be charged for every RM1 Million (50:50 sharing basis). Minimum transaction is RM1,000.
Late Payment Charges During the financing period:
1% per annum on top of the outstanding payment.

After the financing tenure expires:
Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance.

Financing Amount

Financing of up to 80% of the contract cost

Financing Period

Not more than 6 months after the contract expires

Security/Guarantee

Assignment of contract proceeds

For further enquiries, please visit any of our branches or contact our tele-Rakyat Contact Centre at 1-300-80-5454.

* Terms and conditions apply.