No |
Term |
Definition |
1 |
Purpose |
For business purpose |
2 |
Who Eligible |
• |
Pensioners; |
• |
Army Wife |
|
3 |
Financing Tenure |
Minimum: 3 months
Maximum: 7 years |
4 |
Financing Amount |
Minimum: RM5,000-00
Maximum: RM50,000-00 |
5 |
Margin of Financing |
None |
6 |
Profit Rate |
5.25% flat p.a |
7 |
Ju'alah Rate |
None |
8 |
Mode of Payment |
Monthly deduction from Pension - BMMB Saving Account |
9 |
Advance Payment |
1 month installment |
10 |
Security Deposit |
None |
11 |
Broker Fee |
RM40-00 |
12 |
Stamp Duty |
Ad Valerom |
13 |
Wasiat / Will-Writing |
Compulsory |
14 |
Takaful |
Compulsory |
15 |
Guarantor |
None |
16 |
CTOS Checking |
Yes |
17 |
CCRIS Checking |
None |
18 |
Documents Required |
• |
Copy of NRIC or ID (front and back); |
• |
Latest Pension Slip |
• |
BMMB Saving Account Passbook or; |
• |
BMMB Current Account Statement; |
• |
Proof of Business Operation (Business Registration / License / Permit). |
|
19 |
Applicant's Eligibility |
Must not exceed subsidy,
dividend and pension amount and payment must be through BMMB. |
