 |
 |
 |
 |
 |
| Property Loan |
 |
 |
| Besides asset financing, your business needs working capital for the day-to-day running of the business. Generally, the most convenient / flexible form of financing would be an Overdraft (OD) facility. Features
• OD is a revolving loan granted and it is subject to annual review. It is made available to a business customer via a current account, whereby the borrower may withdraw the required amount each time by issuing cheques, as long as the OD limit is not exceeded.
• A commitment fee of 1% is charged on the unutilized portion of the facility.
• Interest is calculated on a daily basis based on the balance outstanding at the end of each business day.
Eligibility:
• Malaysian-owned company (minimum ownership of 51%)
• Sole Proprietorship
• Partnership
• Private Limited Companies
Requirements
• Letter of application for the facility stating
a. Type and loan amount required
b. Purpose of loan
c. Tenure
• Certified true copy of Business Registration (Form A/B)
• Certified true copy of Form 24/44/49
• Memorandum and Article of Association
• Audited accounts for the last 3 years and the latest management account.
• Brief history and background of the company or Company Profile
• List of borrowings including leasing and hire purchase facilities
(State name of financial institutions, type of facilities, limit, balance outstanding and repayment terms and security offered)
• Latest six months' bank statement
• Feasibility study report / project write-up*
• Projected cash flow with assumptions / profit and loss account*
• Valuation Report of property*
• Sale & Purchase Agreement*
• Photocopy of contracts / Letter of Intent*
• Description and particulars of property to be charged*
• List of suppliers and customers
• Types of products produced by the company
• 6 months bank statement
• List of completed and current projects
• Photocopy of Title Deeds*
• Photocopy of Directors & Guarantor’s IC
• Any other relevant information
Note: * (If applicable) Terms and Conditions
Collaterals may range from AmBank Fixed Deposits to landed properties such as land, shophouses, factories, etc.
Loan limit is dependent upon the size of your business, your actual business requirements, purpose of the facility as well as the financial standing and repayment capability.
Loans are subject to lending guidelines of AmBank. |
|
Recommended Products:Term Loan| Property Financing-i |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |