AgroCash-i

AgroCash-i is a personal financing facility for customers for the purpose of consumer financing mainly related to agriculture and agro-based activity.

Age Requirement	Government Employees Aged 18 years old and above and not exceeding 60 years old upon the expiry of facility or opted retirement age; whichever comes first GLC Staff Aged 21 years old and above and not exceeding 60 years old upon the expiry of facility or opted retirement age; whichever comes first
Eligibility	Government Employees Permanent and have served for at least 6 months (confirmed or under probation) GLC Staff Permanent staff and has been confirmed with at least one year of service
Additional Eligibility for Financing Limit up to RM250,000.00	Government Servant Open to Central Government, State Government and Statutory Bodies only Permanent and have served for at least 6 months. Calculation of service period includes contractual and/or “interim” service period (if applicable) Gross monthly income (including basic salary and fixed allowances) based on customer’s financing eligibility (Biro Perkhidmatan ANGKASA (BPA) deduction, Debt Service Ratio and Net Disposable Income) Debt Service Ratio (DSR) is up to 70% only (including applications with Housing Financing) Other conditions are as stated above
Min. Salary Requirement	Government Employees Gross monthly income (including fixed allowance) more than RM1,000 GLC Staff Gross monthly income (including fixed allowance) more than RM2,000
Takaful Coverage	Customer is encouraged to take Skim Takaful Kredit

Financing Limit

Government Employees
Maximum RM250,000**

GLC Staff
Maximum RM200,000

(**Please refer to the Additional Eligibility for Financing Limit up to RM250,000.00)

Financing Tenure

Maximum ten (10) years

Profit Rates (Subject to eligibility and current changes)

i. Profit rate for employee of Federal Government

ii. Profit rate for State Government, Statutory Body, Pihak Berkuasa Tempatan (PBT) and Government Link Company (GLC)

iii. Profit rate for application that has unsatisfactory credit assessment:

Tenure	Profit Rate
Up to 10 years	SBR + 4.85% p.a

Ceiling Profit Rate (CPR)

SBR + 7.75% p.a. or 10% p.a.; whichever is higher for the calculation of Sale Price

Effective Profit Rate (EPR)

At the current profit rate and did not exceed CPR and calculated based on monthly balance

Note:

i. Current Standardized Base Rate (SBR) is at 3.00%

ii. Subject to the existing Terms and Conditions of product

Note

The Bank will notify at least 21 days notice before any changes made to the fees and charges (if applicable)
Fees and charges are subject to Sales and Service Tax ("SST") of 8% (if applicable)