| A Term Loan is a credit
facility used to purchase immovable properties such as
factories, shop houses and buildings for business operations.
It is granted for a predetermined length of time (tenure),
with repayments by installments. |
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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
i. Type and loan amount required
ii. Purpose of loan
iii. 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
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Any other relevant information |
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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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