This financing may be granted for short, medium or long term period depending on the company’s requirement and capacity to pay

Purpose:

The financing offers funding for acquisition of business assets (e.g. equipment, machineries & commercial property), purchase of stocks, minor renovation works, refinancing of assets and facilitate other business requirements.

Other Details:

Generally, the financing period range between twelve (12) months to a maximum of eighty-four (84) months. The profit charged for the financing shall be calculated based on a monthly reducing balance and the rate is subject to the Bank’s prevailing risk mitigation and pricing guidelines. Repayment shall be in the form of equal monthly installments made throughout the financing tenor.