• Downloads
  • Branch/ ATM Locator
  • Search

Agro Cash Line-i

Agro Cash Line-i is an overdraft facility to finance agriculture based business. This product is based on Tawarruq transactions.

 

CONTACT US NOW

 

Product Details

This product offers financing facilities with features as follows:

Ease Period

Minimum: Six (6) months

Maximum: Ten (10) months

Profit Rate

Ceilings Profit Rate (CPR) :
BFR + 4% P.A. or 10% pa, whichever is higher for the calculation of the sales price

Effective Profit Rate (EPR):
At the current pace and did not exceed the ceiling profit rate charged and is calculated on the daily balance for the calculation of minimum payments

Minimum Payment

a) Within the facility tenure:
Monthly profit payments  subject to total current consumption and calculated based on the effective profit rate

b) Upon maturities:
Full settlement

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.


CALL CENTRE: 1 300 (AGRO)