Looking to convert your
receivables into cash? We understand the financial challenges
faced by a business like yours to collect payments and
maintain smooth cash flow. We can help you improve your
book debts position by buying suitable book debts off
you at discounted rates in return for cash advance.
Now you need not have to wait for the customers to pay.
Take advantage of our Contract & Receivables Financing
to improve your cash position. Apply for a Factoring facility
today. |
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Why Factoring Is Suitable For
Your Business
• Collateral-free
financing.
• Improve your business liquidity.
• Save time and hassle. Debt Collection is
handled by our professional credit control team. |
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Preferred Receivables For Factoring
Arrangement
1. Government Ministries, Departments, Agencies,
Statutory Bodies, Public Universities and other
Government Related Organisations.
2. Government Linked Corporations:
For example:
a. Tenaga Nasional Berhad
b. MAS
c. Petronas
3. Multinational and Large Business Corporations
with healthy financials. |
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How It Works
3 easy steps to convert your receivables into cash:
1. Upon meeting with our professional credit
control team, your selected book debts for factoring
will be determined on case-to-case basis.
2. Selected debtors for factoring must provide
consent.
3. Confirmed invoices are factored to AmBank in
return for advance working capital. |
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Service Charges
•
Factoring Charge
- 0.5% - 1.0% one time charge on each invoice.
- Chargeable upfront prior to funding.
• Initial Payment Charge
- BLR + (1.0% - 2.5%) per annum calculated on daily
basis.
- Chargeable based on actual usage of funds.
- Calculated on all advances and outstanding amount.
• Processing Fee
a. A one off fee of RM1,000, or that commensurating
with facility limit. |
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Financing Tenure & Margin
of Financing
• Maximum financing
tenure for all new and outstanding invoices for
up to 180 days from the invoice date. A penalty
charge of about 1.0% per month will be imposed on
any outstanding invoices after 150 days from the
invoice date.
• Maximum margin of financing
is 80% of the invoice value. |
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Our AmBank Business Centres
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Penang
3rd Floor, No. 37
Jalan Sultan Ahmad Shah
10050 Pulau Pinang
Tel: 04-229 7497 |
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Shah
Alam
No. 19, Jalan Niaga 16/3 Section 16,
40000 Shah Alam
Tel: 03-5515 2778 |
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Johor Bahru
31st Flr, Metropolis Tower,
Jalan Dato Abdullah Tahir,
80300 Johor Bahru.
Tel:07-3348766 (GL)
Fax:07-3358928
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Sarawak
Lot 164,166 & 168 1st Flr Jalan Abell
93100 Kuching, Sarawak
Tel: 082-244791
Fax: 082-259771 |
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Sabah
1st Floor, Menara PBSB
Wisma Tun Fuad Stephen
KM 2.4, Jln Tuaran
88300 Kota Kinabalu
Tel: 088-213498
Fax: 088-262096 |
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