Types of financing
- Direct funding for cooperative members / Hawkers & Peddlers Society.
- Conduct a micro enterprise
- Required to participate Self Help Group (SHG)*.
- Profit rate 8.25% in flat rate.
- Bank Negara Malaysia's approval needed.
- Syariah Concept : Tawarruq
- Takaful Coverage Protection
- No Collateral
- No Guarantor
- Financing tenure of 5 years
*SHG is an individual group that consist of 5 to 10 pax.
Type of Business
- Manufacturing
- Services
- Others – Primary agriculture, Construction, Mining & quarrying
Eligibility
- Malaysian.
- Cooperative members / Hawkers & Peddlers Society
- Sole proprietor, partnership, private limited company.
- 18 years old and not exceeding 65 years old when the financing tenure expires.
- Residing in the business operation area.
- SHG members with good repayment record (backlog payment not more than 4 weeks).
Maximum Financing
RM 1,000 - RM 50,000
Payment Method
- Savings Account deduction
- At ATM / CDM
Financing Scheme
- Profit rate 8.25% in flat rate.
- Bank Negara Malaysia's approval needed.
Profit Rate
8.25% Flat Rate Per Annum
Fee and Charge
Charge and Service for Individuals | |
---|---|
Transaction | Charge |
Late Payment Charges (Ta'widh): |
During the financing period: |
Wakalah or Agency Fee | Wakalah or agency fee of RM28.30 |
Stamp Duty Fee | Exempted |
Early Settlement Fee | Rebate (Ibra’) will be given on the deferred profit |
Product Disclosure Sheet
For further information, you may visit our nearest branches or call our tele-Rakyat Contact Centre at 1-300-80-5454
* Subject to terms and conditions