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The Financing

1 Purpose of financing
 

To finance the acquisition of land, building, machinery and equipment and working capital.


2 Margin of financing
 

New

: Maximum 85% of purchase price.

Secondhand

: Maximum 65% of purchase price or market value.


3 Tenure of Loan
 

Maximum loan period up to 15 years, inclusive of maximum grace period of 3 years.


4 Interest rate
 

ECOF + 2.5% (maximum)


5 Security (may include but not limited to the following)

 

A first charge on the items financed.

Fixed and floating charge on all assets of the company.

Personal / Corporate Guarantee.

Any other security deemed necessary.


Financing Amount

Minimum : RM 1.0 million

Maximum : Up to Single Customer Limit (SCL)


Eligibility Criteria

The applicant must be majority-owned by Malaysians (at least 51%) and registered in Malaysia, involved in the capital-intensive high technology and environmental activities.


Target Sectors - High Technology