Objectives

This Scheme is to finance the purchase of shop houses/office space or factories whether completed or under construction

Business Premise Financing Scheme

	Purchase of office spaces and shop lots whether completed or under construction.
	Refinancing.
	Private Limited companies and professional firms
	Have at least 3 years of audited and good performing account.
	Total financing from RM100,000 to RM5.0 million
	Financing margin up to 95% from the purchase price (inclusive of legal cost and insurance premium – MRTA and fire insurance)
	Tenure – maximum 20 years (including 3 years of grace period)
	Interest rate: Prime rate ( 6.35% ) - 1.0%

Eligibility Criteria

	Eligible Small and Medium Enterprises (SMEs)
	For Private Limited companies, Professional Firms and Cooperatives only. Applicants must have three (3) years audited account showing profit for the past 3 years.

Eligible Projects for Financing

	Purchase of premises / buildings whether completed or under construction.
	Refinancing from other financial institutions.

Terms and Conditions

Purpose of Financing

	Financing for fixed property buildings / premises
	Financing is packaged with the cost of legal documentation includes legal fees and stamp duty only.
	The financing is also packaged to pay for the insurance cost for the first premium payment for fire and all perils coverage policy and MRTA (only for single ownership and partnership)

Types of Facilities

	Bai' Bithaman Ajil / Bai' Istisna' for Islamic Financing (Sale and purchase prices are packaged together with the purchase of the premise, documentation cost and Takaful)
	i	Bai' Bithaman Ajil – Fixed property financing for buildings / premises that are already completed
	ii	Bai' Istisna' – Fixed property financing for buildings / premises that are still under construction.

Total Financing

	Minimum of RM100,000.00
	Maximum of RM5.0 million

Margin of Financing

	For Premises other than factories – Up to 95% from the purchase price (including legal fee and Takaful premium) with the payment breakdown as follows:-
	i	Purchase from the developer (primary) – Maximum up to 90% of the purchase price.
	ii	Purchase of secondary premises – Maximum up to 90% of market price.

Factory Premises

	Up to 85% from the purchase price (including legal fee and Takaful premium) with the payment breakdown as follows:-
	i	Purchase from the developer (primary) – Maximum up to 80% of the purchase price.
	ii	Purchase of secondary premises – Maximum up to 80% of market price.
	iii	Maximum of 100% for legal fee and Takaful Premium or not exceeding the percentage of the financing stipulated.

Tenure of Financing

Maximum 20 years with a maximum of 3 years of grace period (only for premises under construction).

Repayment

Repayment are by monthly installments based on tiered basis annually for the first, second and third successive years.

Mixed financing

This financing is especially for purchase of premises and could be packaged with other facilities like fixed working capital and revolving working capital based on the customers' application.

Fees/ Charges

Processing fee is imposed for a financing totalling RM3.0 million and above at a rate of 0.25% from the total financing or RM20,000, whichever is lower.

Mortgage and Security for financing

	Assets financed
	Guarantee by Shareholders and/or Director
	Corporate Guarantee (if available)
	MRTA (only for single ownership and partnership)

Financing Documentations

	Charge / Deed of Assignment
	Asset Sale Agreement & Asset Purchase Agreement
	Guarantee Agreement
	Corporate Guarantee Agreement

For further information, please contact:
Bank Perusahaan Kecil & Sederhana Malaysia Berhad 49572-H 
Aras 20, Menara SME Bank, Jln. Sultan Ismail 
Peti Surat 12352,50774 Kuala Lumpur
Customer Service Centre: 1 800 88 3131

Or contact our nearest branch.