Revolving Credit / Revolving Credit-i

A financing facility that allows for the financing to be withdrawn, repaid and redrawn again in any manner and any number of times, until the facility expires

Features

  • Short term tenures

    of 1 - 12 months

  • Payment on maturity date

  • Allows for rollover upon maturity

     

Revolving Credit / Revolving Credit-i

 Eligibility

  • All commercial Customers

  • Must be incorporated / registered in Malaysia

 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.