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| Overdraft |
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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.
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| 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.
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| Eligibility |
- Malaysian-owned company (minimum ownership of 51%).
- Sole Proprietorship.
- Partnership.
- Private Limited Companies.
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