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Tanaman Semula Kelapa Sawit-i (SAWIT-i)

SAWIT-i is a financing facility for smallholders who are involved in small-scale oil palm plantation. SAWIT-i is based on the Bai’ Bithaman Ajil (BBA) transactions.

 

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Financing facility for:

  • Re-planting; or
  • Expansion of the Existing Plantation

 

 

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Product Details

This product offers financing facility with features as per below. As an example:

Facility Amount RM 50,000
Facility Tenure 10 years or 120 months
Profit Rate *8.85% p.a. on monthly rest basis

 

*Note: BFR (6.85%) + 2.0%. BFR is subject to current changes.

Advantages

  • Attractive financing rates and competitive pricing.
  • Fast financing approval.
  • Rapid process disbursement.

Eligibility Criteria

  • Smallholders individuals.
  • Organization of the Oil Palm Industry or government agencies that manage smallholders.
  • A company with a paid up capital of less than RM2.5 million.

Fee & Charges

Stamping Fees As per the Stamp Act 1949 (Revised 1989).
Legal & Disbursement Fees Include solicitor’s fees for financing documentation, registration of charge, land search and bankruptcy search and others related charges.
Takaful Contribution Based on financing amount approved.

 

Note: The bank will send at least 21 days notice to customers before any change is made to the fees and charges


CALL CENTRE: 1 300 (AGRO)