Overdraft / Cash Line-i

A flexible borrowing / financing facility on your current account/ current account-i repayable on demand for general working capital requirements 

Features

  • Generally suitable for all types of business activity

  • Convenient, flexible and easy to operate

  • Operated via Current Account / Current Account-i

"Overdraft/Cash Line-i"

 Eligibility

  • All commercial Customers

  • Must be incorporated / registered in Malaysia

  • Overdraft / Cash Line-i limit extension subject to Bank's annual review.

 Documentation

  • Company write-up.

  • Certified true copy of Form 24, 44 & 49 and Memorandum & Articles of Association/Constitution or a written confirmation duly signed by a director confirming that the Company does not have a Constitution

  • Certified true copy of 3 years' Audited Accounts (not more than 18 months old from the application date) and latest Management / Draft Accounts (not more than 12 months old from the application date).

  • Top 3 suppliers and buyers.

  • Latest debtors and creditors ageing reports.

  • Existing bankers and banking facilities.

  • Latest 6 months’ Current Account statements with all banks.

  • Projected Profit & Loss Accounts & Cash Flow Projection for 2 years

  • Information on net worth such as reported income, FD receipts, Borang BE etc.

  • Information on directors / shareholders / partners / prime mover's net worth.

  • Lists of completed projects, projects in-hand (inclusive of project tenure and % of completion) and projects tendered (if applicable).

  • Photocopy of property title / Valuation Report / Sale & Purchase Agreement.

  • Duly completed application form / Letter of Application.

  • Any other documents required by the Bank.

 

 

Pricing

 

Attractive "Interest/Profit Rate"

 

* Terms and conditions apply.