Agro Cash Line-i is an overdraft facility to finance agriculture based business. This product is based on Tawarruq transactions.
This product offers financing facilities with features as follows:
Minimum: Six (6) months
Maximum: Ten (10) months
Ceilings Profit Rate (CPR) :
Effective Profit Rate (EPR):
a) Within the facility tenure:
b) Upon maturities:
Note : Basic Financing Rate (BFR)
Fees & Charges
|Stamp Duty||As in the Stamp Duties Act 1949 ( Revised 1989)|
|Legal Charges||Including legal charges for financing documentation, registration charges, ground search, search bankruptcy / bankruptcy and other charges related|
|Brokerage Fees||Charges Brokerage / Trading for each transaction is at RM15 for every million purchased in commodities|
Note : The Bank will send a notice at least 21 days notice to customers before any change is made in the fees and charges apply.