The Financing
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| 1 |
Purpose of financing |
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To finance the acquisition of land, building, machinery and equipment and working capital.
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| 2 |
Margin of financing |
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New |
: Maximum 85% of purchase price. |
Secondhand |
: Maximum 65% of purchase price or market value. |
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| 3 |
Tenure of Loan |
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Maximum loan period up to 15 years, inclusive of maximum grace period of 3 years.
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| 4 |
Interest rate |
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ECOF + 2.5% (maximum)
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| 5 |
Security (may include but not limited to the following) |
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| • |
A first charge on the items financed. |
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Fixed and floating charge on all assets of the company. |
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Personal / Corporate Guarantee. |
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Any other security deemed necessary.
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Financing Amount
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| • |
Minimum : RM 1.0 million |
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Maximum : Up to Single Customer Limit (SCL) |
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Eligibility Criteria
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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. |
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Target Sectors - High Technology
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