Term Financing-i

Business Financing-i 

Term Financing-i

Term Financing-i is a financing package with fixed profit rates designed for companies and co-operatives.

Eligibility

All business entities such as private limited companies and co-operatives.

Concept

Tawarruq

Purpose

Working capital for business expansion involving companies from various sectors including agriculture, credit consumer, property, manufacturing, infrastructure, retail, communication, oil and gas, etc.

Margin

Up to 80% of working capital requirement

Tenure

Maximum 10 years.

Fees and Charges

Charge and Service for Individuals
TransactionCharge
Wakalah FeeNIL
Stamp Duty FeeNIL
Early Settlement FeeRebate (Ibra’) will be given on the deferred profit
Commodity Trading FeeRM15 will be charged for every RM1 Million (50:50 sharing basis). Minimum transaction is RM1,000.
Late Payment ChargesDuring 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.

Additional Documents Required

Terms Financing-i

  • Detail information on purpose of financing.
  • A valuation report of property to be charged as security if applicable.
  • Cash flow and project profit & loss projection.


Banking is better with our app

It's simple, secure and convenient

More about our app
TOP