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Agro Cash Line-i

Agro Cash Line-i is an overdraft facility to finance agriculture based business. This product is based on Tawarruq transactions.

 

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Product Details

This product offers financing facilities with features as follows:

Ease Period

Minimum: Six (6) months

Maximum: Ten (10) months

Profit Rate Ceilings Profit Rate (CPR) :
BFR + 4% P.A. or 10% pa, whichever is higher for the calculation of the sales priceEffective Profit Rate (EPR):
At the current pace and did not exceed the ceiling profit rate charged and is calculated on the daily balance for the calculation of minimum payments
Minimum Payment a) Within the facility tenure:
Monthly profit payments  subject to total current consumption and calculated based on the effective profit rateb) Upon maturities:
Full settlement

Note :

Current Base Financing Rate (BFR) is 7.00% and will be determined by Agrobank from time to time

 

 

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Fees & Charges

Stamp Duty As in the Stamp Duties Act 1949 ( Revised 1989)
Legal Charges Including legal charges for financing documentation, registration charges, ground search, search bankruptcy / bankruptcy and other charges related
Brokerage Fees Charges Brokerage / Trading for each transaction is at RM15 for every million purchased in commodities (subject to 6% GST).

Note : The Bank will send a notice at least 21 days notice to customers before any change is made in the fees and charges apply.


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