Features
Purpose Of Financing
- Asset acquisition
- Refinancing
- Working capital (any excess amount from item (ii) above shall be deposited into customer’s current account and shall be utilised for working capital.
- Debt Consolidation (*)
Type of Property (COMPLETED ONLY)
- Shop house
- Shop office (not more than 5-storey high).
- Flatted factory/standardized light industrial building (not special purpose factory building).
- Warehouse – located in industrial area.
Tenor
- For term financing – up to 25 years
- For Mcash – Up to 5 years (with annual review)
Financing Rate
Depending on client’s credit scoring
- Property financing – Up to BFR minus (-) 1.8%
- Mcash – Minimum BFR plus (+) 1.75%
Margin of Financing
Total MOF shall not exceed 105%, which comprises as below:
- Mcash – Up to 20% and;
- Property Financing – Up to 90% and additional 5% to finance MCRE (if applicable).
Financing Size
- Up to RM5 Million
Eligibility Criteria
- At least 51% shares held & control by Malaysian citizen & registered with SSM
Type of Facilities
- Term Financing
- Mcash (Cashline)
Notes:
- For Customer who opted for Property Financing only, the maximum margin of finance is 90%.
- For those who opted for Property Financing plus MCash-i, the maximum margin of financing is 105% inclusive MCRE.
- Total financing of the property shall not exceed 105% against OMV or Sales and Purchase Agreement (whichever is lower).
MCRE is define as per the following:
- To allow financing of Mortgage Reducing Term Takaful (MRTT);
- To allow financing of Legal Cost; and
- To allow financing of Valuation Cost.
