Looking to convert your receivables into cash? We understand the financial challenges faced by a business like yours to collect payments and maintain smooth cash flow. We can help you improve your book debts position by buying suitable book debts off you at discounted rates in return for cash advance.
Now you need not have to wait for the customers to pay. Take advantage of our Contract & Receivables Financing to improve your cash position. Apply for a Factoring facility today.
Why Factoring Is Suitable For Your Business
• Collateral-free financing.
• Improve your business liquidity.
• Save time and hassle. Debt Collection is handled by our professional credit control team.
Preferred Receivables For Factoring Arrangement
1. Government Ministries, Departments, Agencies, Statutory Bodies, Public Universities and other Government Related Organisations.
2. Government Linked Companies:
For example:
a. Tenaga Nasional Berhad
b. Telekom Malaysia Bhd
c. Syarikat Prasarana Negara Berhad etc.
3. Multinational and Large Business Corporations with healthy financials.
How It Works
3 easy steps to convert your receivables into cash:
1. Upon meeting with our professional business banking team, your selected book debts for factoring will be determined on case-to-case basis.
2. Selected debtors for factoring must provide consent.
3. Confirmed invoices are factored to AmBank in return for advance working capital.
Financing Charges
• Factoring Charge
- 1.0% (+/-) one time charge on each invoice.
- Chargeable upfront prior to funding.
• Initial Payment Charge/Interest
- BLR + (1.0% - 2.5%) per annum calculated on daily basis.
- Chargeable based on actual usage of funds.
- Calculated on all advances and outstanding amount.
• Processing Fee
a. Minimum RM1,000 or that commensurate with facility limit.
Financing Tenure & Margin of Financing
• Maximum financing tenure for all new and outstanding invoices for up to 180 days from the invoice date. A penalty charge of about 1.0% per month will be imposed on any outstanding invoices after 150 days from the invoice date.
• Maximum margin of financing is 80% of the invoice value.
Our AmBank Business Centres
Kuala Lumpur HQ
AmBank (M) Bhd, Level 12A, Menara Dion Jalan Sultan Ismail, 50250 Kuala Lumpur
Tel:03-23811928 |
|
Penang
3rd Floor, No. 37
Jalan Sultan Ahmad Shah
10050 Pulau Pinang
Tel: 04-229 7497 |
|
Shah Alam
No. 19, Jalan Niaga 16/3 Section 16,
40000 Shah Alam
Tel: 03-5515 2778 |
| |
|
|
|
|
Sabah
1st Floor, Menara PBSB
Wisma Tun Fuad Stephen
KM 2.4, Jln Tuaran
88300 Kota Kinabalu
Tel: 088-213498
Fax: 088-262096 |
|
Johor Bahru
31st Flr, Metropolis Tower,
Jalan Dato Abdullah Tahir,
80300 Johor Bahru.
Tel:07-3348766 (GL)
Fax:07-3358928 |
|
Sarawak
Lot 164,166 & 168 1st Flr Jalan Abell
93100 Kuching, Sarawak
Tel: 082-244791
Fax: 082-259771 |
| |
|
|
|
|
| |
|
|
|
|
|