Advantages of Islamic financing scheme with Bank Rakyat
- 20% rebate on stamp duty of financing agreement
- No early settlement fees
- 2% profit rebate through SME Syariah Compliant Facilities Scheme (SSFS) by SME Corp*
- No compounding on unpaid profit
- No commitment fees for unused amount
- Protection against rise in financing profit rate through ceiling profit rate (Bank's sale/ akad price)
- Compulsory rebate (ibra') for early settlement
- Competitive profit rate
*Terms and conditions apply
PRODUCTS | PRODUCT FEATURES | SPECIFIC REQUIRED DOCUMENTS |
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Property Financing-i To finance purchase of business premise |
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Bridging Financing-i To part finance purchase of land and development costs |
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Project/Contract Financing-i To part finance the cost to complete the contract awarded by government and GLCs |
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Working Capital Financing-i To finance working capital for business expansion |
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Term Financing-i To finance purchase of equipment/machineries |
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Advantages of Islamic financing scheme with Bank Rakyat
- 20% rebate on stamp duty of financing agreement
- No early settlement fees
- 2% profit rebate through SME Syariah Compliant Facilities
- Scheme (SSFS) by SME Corp*
- No compounding on unpaid profit
- No commitment fees for unused amount
- Protection against rise in financing profit rate through ceiling profit rate (Bank's sale/ akad price)
- Compulsory rebate (ibra') for early settlement
- Competitive profit rate
*Terms and conditions apply
Eligibility
- Companies, which are registered with Companies Commission of Malaysia
- Minimum three years in operation
Basic required documents
- Application letter specifying type, purpose and amount of financing required
- A copy of Company's Profile (including company background)complete profiles of Board of Directors and Management Team
- Company Registration Forms* (i.e.: M&A, Form 9, 24, 32A, 44,and 49 whichever is applicable)
- Past continuous three years Audited Financial Reports (latest to be not more than 18 months old)*
- SLatest management accounts (not more than three months old)*
- Past continuous six months Current Account Statements*
- Supporting information for guarantors
- Debtors and creditors list (not more than three months old)including full name, address, contact person and contact number, credit terms and any reason for its long outstanding
- Projected cash flow according to proposed tenure of financing
*Documents submitted to be certified as true copy by Company's Secretary
*The list is not exhaustive. The Bank may require applicants to submit additional documents.
*For specific required documents for each product, please refer to our website: bankrakyat.com.my
Related financing schemes
PRODUCT | ORGANISATION | ELIGIBILITY | BENEFIT |
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SME Syariah Compliant Facilities Scheme (SSFS) (available until December 2014) | SME Corporation Malaysia |
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MARA Entrepreneur Guarantee Scheme (MEGS) (1% p.a. guarantee fee) | Majlis Amanah Rakyat (MARA) |
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Green Technology Facility Scheme (GTFS) | Credit Guarantee Corporation |
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Enhancer-i | Credit Guarantee Corporation | SME |
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*Subject to Terms and Conditions
Quick facts
No of Employees
ECONOMIC ACTIVITY | ||
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SECTOR | MANUFACTURING | SERVICES AND OTHERS |
SMALL | 5-75 employees | 5-30 employees |
MEDIUM | 75-200 employees | 30-75 employees |
Turnover
ECONOMIC ACTIVITY | ||
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SECTOR | MANUFACTURING | SERVICES AND OTHERS |
SMALL | RM300,000 to RM15 million | RM300,000 to RM3 million |
MEDIUM | RM15 million to RM50 million | RM3 million to RM20 million |
How to apply
Application can be forwarded to any Bank Rakyat's branches throughout Malaysia or contact us at:
Small Medium Enterprises
26th Floor, Tower 1,
Bank Rakyat Twin Tower,
Jalan Travers,
50470 Kuala Lumpur
Tel: 03-26129600
Ext: 8945/8858/8311/8890/8794/8013
Fax: 03-2272 2306 / 03-2272 2307
Email: sme@bankrakyat.com.my
For any enquiries, please visit the nearest bank or call the tele-Rakyat Contact Centre at 1-300-80-5454.
*Terms and conditions applied