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Kandungan Jurnal

i-Enterprise Premise Financing

Objectives

	To finance completed premises
	To refinance own business premise with other financial institutions
	To refinance 3rd party business premise owned by main shareholder of the business
	For working capital

I-Enterprise Premise Financing

Eligibility

	SMEs
	Private Limited Co, Professional Firm and Registered Cooperatives, with 3 years audited & profitable account
	Individuals & Enterprises

Premise Eligibility

	Fully completed premises namely industrial factory and commercial premises including shop and office lots in shopping malls, commercial complexes and leasehold property (remaining lease) of not less than 45 years
	Strategically located within capital cities, city centres, prime areas and areas identified with on-going and potential developments
	Branches to determine based on relevant property market report coupled with their familiarity with surrounding areas within their states

Facility

	Bai’ Bithamin Ajil for premise financing
	Bai’ Inah working capital
	For own business operation:
	A Revolving Working Capital, where customers can enjoy the flexibility of reusing the working capital to support business operations.This is financing for receivables, inventories and/or operating expenses
	The revolving working capital financing is subject to the Bank’s annual review. The RWC amount may be revised upwards if property appreciates in value
	For investment purposes:
	For customers to enjoy additional funds to do renovation or refurbishment on the premise

Tenure

Up to 30 years

Margin of Financing

Financing or refinancing of premise for own business operation:
	Up to 150% of Market Value; with the following breakdown:
	Refinancing : 100% of redemption sum and balance is for Working Capital
	Completed property : Up to 90% of Purchase Price and balance is for Working Capital
Financing or refinancing of premise for investment purposes:
	Up to 90% of MV; with the following breakdown:
	Refinancing: 100% of redemption sum and balance as additional funds
	Completed property : Up to 90% of Purchase Price and balance as additional funds

Installment ‘Holiday’

No payment on installment for first six (6) months. Customers to serve only the profit amount during the period. * Amount to be advanced from the working capital.

Pricing

	Term Financing
	Year 1 – Year 2 : Fixed at 4% per annum on monthly rest
	Year 3 onwards : PRIME minus 1.8% up to 2.0% per annum *
	Working Capital
	PRIME + ranging from 1.50% to 2.0% per annum. *

Risk Rating

Pre-assigned risk rating of 4.

Speed

	Approval within (five) 5 working days from complete submission of information. Dedicated and simplified application form for i-EPF. *Approval to be endorsed on the same form
	Disbursement within 2 working days from full compliance of Condition Precedents

Security

	First Party or Third Party Legal Charge
	No additional collateral required for working capital

Processing Fee

0.1% or RM1,500; whichever is lower

Included in the financing package

	Stamp Duty of 0.5% of financing amount
	Actual Legal Fee from fee scale by panel lawyer
	Mortgage Reducing Term Takaful (MRTT) of the actual premium cost. Special rate by Bank’s panel of Takaful operators
	Actual Valuation Cost imposed by Bank’s panel of valuer

Special Waiver or Discount

	Checking expenses of actual cost, such as SSM search, bankruptcy search, land search and other searches
	Discharge of Charge of actual cost
	Takaful (Fire & All Perils) for first year only. Special rate by Bank’s panel of Takaful operators

Lock In Period

There is a lock-in period of 3 years from first disbursement date. For full settlement within this period, the Bank shall charge 3% of approval amount and for full settlement after the lock-in period, 3-month profits in lieu of notice

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