Financing Amount

Up to 100% of the total Invoice Amount for the eligible bundled of underlying Purchase Invoices, in denomination of RM1,000, and subject to:

• Minimum financing amount of RM 10,000
• Available credit limit

Financing Tenure

30 to 120 days, from date of disbursement

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 Structure

Either on Bullet Repayment by maturity date or Monthly Instalment starting from Month 1

As we keep Reserve Amount upfront on disbursement, all costs and charges (as below) will be paid from the Reserve Amount.

Processing fee

The processing fee is 0.5% on issued note amount per 30 days financing tenor, with cap rate of 1.5%.

Interest rate

Interest rate is ranged from 12.5%p.a. to 18.0%p.a. according to assigned risk grade.

Interest is computed on the Issued Note amount from disbursement date to the actual repayment date.

No Early Repayment Fee

By repaying early, you will save more on the interest. No early repayment penalty is imposed on early instalment settled.

Late penalties (if any)

A late penalty interest of 8.0% p.a will be levied on the principal amount of each repayment instalment for every lateness day in the event such repayment instalment is not repaid within 7 days grace period.

No asset collateral required.

However, personal guarantee(s) from the director(s) / owners may be required.