As we keep Reserve Amount upfront on disbursement, all costs and charges (as below) will be paid from the Reserve Amount under normal circumstances.
| Processing Fee | Up to 2.0% processing fee on Issued Note Amount upon disbursement |
| Interest | Interest rate is ranged from 12.5% p.a. to 18.0% p.a. according to assigned risk grade. Interest is computed on the principal amount of each repayment installment from disbursement date to the actual repayment date. |
| Other costs / penalties | Issuer may make early repayment for any repayment tranche to save more on the interest. No early repayment penalty will be imposed. In the event of late repayment, a late penalty interest of 8.0% p.a will be levied on the principal amount of each late installment for every lateness day in the event such repayment installment is not repaid within 7 days grace period. |
As we keep Reserve Amount upfront on disbursement, all costs and charges (as below) will be paid from the Reserve Amount under normal circumstances.
| Processing Fee | Up to 1.5% processing fee on Issued Note Amount upon disbursement |
| Interest | Interest rate is ranged from 11.5% p.a. to 17.0% p.a. according to assigned risk grade. Interest is computed on the Issued Note amount from disbursement date to the actual repayment date. |
| Other costs / penalties | Issuer may make early repayment to save more on the interest. No early repayment penalty will be imposed. In the event of late repayment, a late penalty interest of 8.0% p.a will be levied on the Issued Note amount for every lateness day in the event such repayment is not repaid within 7 days grace period. |
Yes, you can make early repayment towards the Issued Note(s) and the great news is there will be no penalty charge on your early repayment, being part of our effort to assist Malaysia SME.
In this respect, the interest on the Issued Notes will be computed on a daily basis from the date of the note’s Issuance until such early repayment date.
In the event any of your Notes turn overdue, your Account status will become Delinquent, and you will be suspended from any further issuance until such overdue Notes are settled in full.
Please note that a penalty interest will be charged in addition to the regular interest if the Delinquent Notes are not settled within the grace period.
No asset collateral required.
However, personal guarantee(s) from the director(s) / owners may be required.
| Financing Amount | Up to RM1.0 Million, subject always to the available Credit Limit approved for the product |
| Financing Tenor | Up to 180 days, at the discretion of Issuer |
| Disbursement | Disbursement rate is subject to tenure financed (90% for tenure up to 120 days and 87.5% for tenure 150 days & 180 days).
The amount so retained or Reserve Amount will be used for deduction of processing fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the final repayment sum. |
| Repayment Mode | For financing up to 120 days (4 months), repayment will be on Bullet basis.
For financing above 120 days, on delayed monthly instalment basis, whereby instalment repayment on every 30 days interval, starting from 120th Day. Each repayment tranche represents a Promissory Note under the Financing Request. |
Short Term Working Capital Financing (“STWCF”) is an unsecured (no collateral needed) business financing product for SMEs to fund their business operations for variety of reasons such as inventory purchases, festive season sales, business expansion etc.
The funding period of your Issued Notes are fixed by you when you list the Notes on the platform for Investors’ consideration. Once the Notes are successfully hosted on the Platform, the due date of the Notes will not be shifted in any circumstances. It remains your obligation to settle the Issued Notes promptly by the due date of the Notes, even if your customer is expected to pay late. This is to ensure fairness to Investors who have invested into the Notes based on your risk profile and investment tenor.
Yes, you can make early repayment towards the Issued Note(s) and the great news is there will be no penalty charge on your early repayment, being part of our effort to assist Malaysia SME. In this respect, the interest on the Issued Notes will be computed on a daily basis from the date of the note’s Issuance until such early repayment date.
In the event any of your Notes turn overdue, your Account status will become Delinquent, and you will be suspended from any further issuance until such overdue Notes are settled in full. Please note that a penalty interest will be charged in addition to the regular interest if the Delinquent Notes are not settled within the grace period.
No asset collateral required. However, personal guarantee(s) from the director(s) / owners may be required.
| E-Invoices generated within B2B Commerce Web-EDI | Hard copy invoices to pre-approved Buyers outside B2B Commerce Web-EDI | |
| Financing Amount | Up to 100% of underlying Invoice Amount, in denomination of RM100, and subject to:
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Up to 80% of underlying Invoice Amount, in denomination of RM100, and subject to:
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| Financing Tenor | 1 month to 4 months depending on the expected due date as derived from the payment term of the underlying Invoice | |
| Disbursement | 90% of Issued Note Amount with 10% retained as Reserve Amount, to be used for deduction of processing fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the Issued Note. | |
| Repayment Mode | Bullet, and full settlement only | |
We accept both E-Invoices generated and issued to major retailers/hypermarkets through our B2B Commerce Web-EDI platform, and hard-copy invoices generated and issued to pre-approved Buyers outside B2B Commerce Web-EDI.
Invoice Financing allows the SMEs to obtain finance upfront from a third party, backing through expected cashflow from their invoices on products and services delivered. Through Invoice Financing, SMEs do not need to wait until the maturity of credit term and rely on their customers’ payment for invoices for business funding. In this essence, Invoice Financing unlock SMEs’ cashflow that tie-up with receivable invoices, with a small cost in the form of fees and interest charge.