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Financing Programmes

1. Credit Limit Enhancement Program (CLEP)

A retention program designed for long-standing and creditworthy existing customer of Agrobank, to be automatically considered for an increase in their credit facilities.

ELIGIBILITY

  • Have been serviced for a minimum of three (3) years (excluding grace/moratorium period) with good track record of financing payment
  • Good track record of financing payment are accounts with MIA zero for the past three (3) years
  • Current facility amount is RM200,000 and above
  • Has not been offered CLEP in correspondence to this account before

 

TENURE
Maximum up to ten (10) years

FINANCING LIMIT

Existing Financing Amount RM1,000,000
Outstanding Balance (after 3 years) RM740,700
Maximum CLEP Financing Amount RM259,300


PROFIT RATE

  • Less 1% from CLEP accounts rate (existing facility) and at minimum of BFR + 0%. Should the rate of existing account is below than BFR, the existing rate remains
  • For CLEP accounts (existing facility) under Concessionaire Fund, the profit rate is subject to availability and term & condition of the fund

 

2. Green Lane Policy (GLP)

To enhance the competency of local SME ventures in biotechnology sector


ELIGIBILITY
SME companies certified by:

  • SME Corporation Malaysia (through 1-InnoCERT Certification)
  • Malaysian Technology Development Corporation (MTDC)
  • Malaysian Biotechnology Corporation (BiotechCorp).
  • Multimedia Development Corporation (MDeC)

 

GOVERNMENT INCENTIVE

2% profit rate rebate on approved financing subjected to a maximum (per company) of:

  • RM200,000 a year; or
  • Cumulative total of RM1.0million for 5 years

Stamp duty exemption on the financing agreement

 

DURATION OF SCHEME
From 15.06.2011 until the monies in the Designated Account has been fully utilized

 

3. Program Agropreneur Muda (PAM)

To provide specific financing facility targeted for young entrepreneur in agriculture sector in order to produce progressive, competitive, creative, and innovative and highly income Young Agropreneur.

SHARIAH PRINCIPLE

Tawarruq , under Term Financing-i (Project)
Bai’ Al-Inah , under MUS1M-i

SCOPE
For fixed and operational capital for new and expansionary (existing) purposes.

ELIGIBILITY
Applicant must be Malaysian, between 18 to 40 years old, at the point of application and must be registered with Unit Agropreneur Muda (UAM), Ministry of Agriculture & Agro-based Industries (MoA)

 

Financing Limit

Types of Project Financing Limit
New Project Maximum up to RM 50,000
Existing Project Maximum up to RM 300,000


MARGIN OF FINANCING
Maximum 70% from project cost which consists of fixed and operational capital (for new project) or from the cost of project expansion (for existing project)


TENURE
7 years


PROFIT RATE
5.50% per annum


COLLATERAL/SECURITY
No collateral or security required under this programme

 

4. Group Financing Program (GFP)


OBJECTIVE

  • To assist entrepreneurs in selective sectors with market potential to start and develop a project with the guidance of expert companies, and to promote transfer of expertise
  • To assist successful companies in expending their business by providing capital in exchange to expertise and knowledge transfer


TYPES OF GROUP

  • Contract Financing
  • Group Financing


TARGET MARKET

  • Business solicitation is through Project Sponsor (PS). Customer are the Participant of the Project under PS
  • Processing is based on the group. Credit evaluation is not only solely on the Customers but more on the Project and Project Sponsor


FEATURES

Module To Be Adopted

Based on:

  • The structure of the Memorandum Agreement between Project Sponsor and Participant
  • Credit evaluation of Participants and/or Project Sponsor
Participant per Group

Minimum of four (4) participants per group

Note: For well-established/reputable PS, requirement for four (4) participants can be waived by approval of the approving authority at the lowest of HCA

Financing Amount As per Bank's Credit Operation Manual (COM)
Profit Rate Special Profit Rate based on the Individual or Group

 

5. Program Pembiayaan Dana TERAS


OBJECTIVES

  • To pursue more potential companies
  • To ensure the participation of the Bumiputera companies


TARGET GROUP

  • Companies appointed as ‘TERAS Company’ by TERAJU
  • Companies identified by Agrobank


PURPOSE OF FINANCING

  • Capital Expenditure
  • Operation Expenditure

Note: The fund should NOT be used for:

  • Buying of share
  • Re-financing


FINANCING MODE

  • Term Financing under: Pembiayaan Berjangka-i
  • Revolving Financing under: Kemudahan Pembiayaan Modal Kerja-i


FEATURES

Pembiayaan Berjangka-i

Financing Limit

 

  • MoF up to 80% of the project cost; OR
  • RM5.0 million, whichever is lower
Tenure
  • Maximum tenure is capped at ten (10) years
  • There is no grace period
Profit Rate BFR + 0.5% per annum at monthly rest
Security / Collateral
  • Dana Jaminan (1:4) ; AND/OR
  • Any other collateral / security as per Bank’s Credit Operation Manual (COM)

Kemudahan Pembiayaan Modal Kerja-i

Financing Limit

 

  • MoF up to 80% of the project cost; OR
  • RM5.0 million, whichever is lower
Tenure
  • Maximum tenure is capped at 10 years inclusive of Grace Period(GP)
  • GP up to 48 months
Profit Rate BFR + 0% per annum at monthly rest
Security / Collateral Collateral / security is as per Bank’s Credit Operation Manual (COM)

 

6. Skim Jaminan Kredit Islam Enhancer (Enhancer-i)

An Islamic guarantee scheme provided by Credit Guarantee Corporation (M) Berhad (CGC)

A CCG’s guarantee facility to assist SME’s entrepreneurs who have viable business but lack of collateral to obtain financing facility from the Bank


ELIGIBILITY

  • Small & Medium Enterprise (SME)
  • Business registered in Malaysia and owned by Malaysian (at least 51%) and govern under the Company Act 1955
  • Halal business only


GUARANTEE ELIGIBILITY

  • Unsecured or partial secured financing
  • New financing with Agrobank


GUARANTEE FEE

  • Unsecured portion - 2.40% to 4.00% per annum
  • Secured portion - 2.10% to 3.20% per annum


FEATURES

Guarantee Limit

 

Secured portion: 30% to 90% secured portion amount

Unsecured Portion: 30% to 80% from unsecured portion and subject to maximum cover of RM3.0 million on the unsecured portion (in multiple 5%)

 

Financing Limit
  • Total financing for each eligible customer recorded with CGC shall not exceeding RM10 million including financing with other banks
  • Minimum financing limit eligible for guarantee shall be more than RM50,000
Financing amount
  • Total financing limit eligible for guarantee to single customer not exceeding RM10 million.
  • Minimum financing amount RM50,000 (unsecured portion)
Financing tenure
  • Term financing – end of financing tenure
  • Revolving financing – maximum 2 years from the date of guarantee letter

CALL CENTRE: 1 300 (AGRO)