Muamalat BizSTAR-i is a financing package based on Shariah concept of Tawarruq with combination of Property Financing-i Tawarruq & MCash-i products. This product packaged is designed to cater for finance/refinancing the purchase of business premises and to provide cash financing to customer for Business Banking and SME Retail Business.
Features
Financing Limit
Note: The above packages will be differentiated based on the property value and the pricing capped up to RM5.0 million per customer.
Margin of Financing (MOF)
By Products | Maximum MOF |
---|---|
Property Financing-i | 90% |
MCash-i | 10% or up to RM1.0mil |
Moving Cost & Related Expenses (MCRE)* | 5% |
Total | 105% |
*MCRE:
Tenure of Financing
Profit Rate
Property Financing-i:
MCash-i: BFR + 1.75%
Note: Rate reduction of 0.1% is entitled for Customer who opts for MRTT.
Product Disclosure Sheet
*Submission of latest past 3 years Audited Account is compulsory
*Latest audited account shall not exceed 12 months from the date of application