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(Read this Product Disclosure Sheet before you decide to take out this Facility. Be sure to also read the general terms and conditions.) - Bank Pembangunan Malaysia Berhad 1 September 2010

1. WHAT ARE THE FEES AND CHARGES I HAVE TO PAY?
 
• Stamp Duties

As per the Stamp Duty Act 1949 (Revised 1989)

• Processing Fee

0.15% of the facility amount or RM10,000.00, whichever is higher.


2. WHAT IF I FAIL TO FULFILL MY OBLIGATIONS?

You will be charged Late payment/Ta’widh
 
• At 1% p.a. on the overdue installment during the tenure of the facility; and
• At the gross dividend rate for the 12 months Islamic account against the outstanding purchase price (principal balance) if the overdue continues beyond the maturity date of the facility

3. WHAT IF I FULLY SETTLE THE FINANCING BEFORE ITS MATURITY?

You are allowed to make prepayment in full and you are advised to give a notice of not less than three (3) months prior to the intended date of prepayment.
4. WHAT ARE THE RISKS INVOLVED?

The interest rate for conventional financing is variable and it may change according to changes in the reference rates. An increased rate may result in higher monthly repayment.
5. DO I NEED A GUARANTOR/SECURITY/COLLATERAL?

Among the security requirement include project assets, debenture, assignment of concession agreement/ project account/ insurance policy, debenture, guarantee etc. depending on the type of project and financing.
6. WHAT DO I NEED TO DO IF THERE ARE CHANGES TO MY CONTACT DETAILS?

It is important that you inform us of any change in your contact details to ensure that all correspondences reach you in a timely manner.
7. WHERE CAN I GET FURTHER INFORMATION?

If you have any enquiries, please contact us at :

Business Development,
Bank Pembangunan Malaysia Berhad.
26, Menara Bank Pembangunan, Jalan Sultan Ismail, Kuala Lumpur.
 
• Infrastructure Financing

Tel : 03 - 2611 3111 / 3003 / 3886

• Technology Financing

Tel : 03 - 2611 3290 / 3808 / 3841
• Maritime Financing

Tel : 03 - 2611 3363 / 3909 / 3955

 
Takaful/Insurance
 
i) Takaful/Insurance coverage may be required to cover the subject matter of BPMB’s financing e.g. project, shipping, building etc.
ii) BPMB’s may be named as the loss payee/beneficiary in the takaful/insurance policy.
iii) BPMB may take the takaful/insurance as part security via Assignment of Takaful/Insurance Policy pursuant to the financing granted by BPMB.

 
 
Guarantee
 
i) Guarantee is part of BPMB’s security pursuant to the financing granted by BPMB.
ii) ii) The Guarantee may come from the individual or corporate body associated with BPMB’s Customers e.g. directors, holding company etc.
iii) iii) The Guarantor as surety shall be liable to BPMB as creditor for the default committed by the Customer being the principal debtor.



IMPORTANT NOTE :

LEGAL ACTION MAY BE TAKEN AGAINST YOU IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR FINANCING.

The information provided in this disclosure sheet is updated on 1/9/2010.

 

IMPORTANT NOTE :

LEGAL ACTION MAY BE TAKEN AGAINST YOU IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR FINANCING.

The information provided in this disclosure sheet is updated on 1/9/2010.

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