| Similar to Overdraft,
it is short-term in nature and is used to meet short-term
working capital requirements. |
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Features
•
A form of loan granted for a fixed period, which
can be rolled over upon expiry.
• Loan release by means of a letter from
the borrower to the financial institution stating
the period of the loan required.
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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*
•
Sale & Purchase Agreement*
• Photocopy
of contracts / Letter of Intent*
• Description
and particulars of property to be charged*
•
List of suppliers and customers
• Types
of products produced by the company
•
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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