| Besides asset financing,
your business needs working capital for the day-to-day
running of the business. Generally, the most convenient
/ flexible form of financing would be an Overdraft (OD)
facility. |
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Features
•
OD is a revolving loan granted and it is subject
to annual review. It is made available to a business
customer via a current account, whereby the borrower
may withdraw the required amount each time by issuing
cheques, as long as the OD limit is not exceeded.
• A commitment fee of 1% is charged on
the unutilized portion of the facility.
• Interest is calculated on a daily basis
based on the balance outstanding at the end of
each business day. |
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Eligibility:
•
Malaysian-owned company (minimum ownership of 51%)
• Sole Proprietorship
• Partnership
• Private Limited Companies |
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Requirements
•
Letter of application for the facility stating
a. Type and loan amount required
b. Purpose of loan
c. Tenure
• Certified true copy of
Business Registration (Form A/B)
• Certified
true copy of Form 24/44/49
• Memorandum
and Article of Association
• Audited accounts
for the last 3 years and the latest management account.
• Brief history and background of the company
or Company Profile
• List of borrowings
including leasing and hire purchase facilities
(State name of financial institutions, type of facilities,
limit, balance outstanding and repayment terms and
security offered)
• Latest six months'
bank statement
• Feasibility study report
/ project write-up*
• Projected cash flow
with assumptions / profit and loss account*
• Valuation Report of property*
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Sale & Purchase Agreement*
• Photocopy
of contracts / Letter of Intent*
• Description
and particulars of property to be charged*
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List of suppliers and customers
• Types
of products produced by the company
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6 months bank statement
• List of completed
and current projects
• Photocopy of Title
Deeds*
• Photocopy of Directors &
Guarantor’s IC
• Any other relevant
information
Note: * (If applicable) |
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Terms and Conditions
Collaterals may range from AmBank Fixed Deposits to landed
properties such as land, shophouses, factories, etc.
Loan limit is dependent upon the size of your business,
your actual business requirements, purpose of the facility
as well as the financial standing and repayment capability.
Loans are subject to lending guidelines of AmBank. |
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