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AgroCash-i

AgroCash-i is a personal financing which provides consumer financing especially for agriculture and agro-based activity. The implementation of the product is based on the Tawarruq transactions.

 

Eligibility Criteria

Age Requirement

Government Employees
Age between 18 to 60 or up to retirement age whichever is earlier                                   

GLC Staff
Age between 21 to 60 or up to retirement age whichever is earlier

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

Min. Salary Requirement

Government Employees
RM1,000 gross salary per month

GLC Staff
RM2,000 gross salary per month

Takaful Coverage Yes, encourage to take the Takaful coverage

Product Details

Financing Limit

Government Employees
Maximum RM200,000

GLC Staff
Maximum RM200,000

Financing Tenure 10 years maximum
Profit Rates (Subject to qualification and current changes)
Description Eligibility Criteria

Profit rate is subjected to tenure of financing and calculation is based on the monthly balance as below:

FEDERAL GOVERNMENT

 

Tenure Profit Rate
Up to 3 years BR + 2.85%
Up to 10 years

BR + 3.35%

 

STATE GOVERNMENT/STATUTORY BODY/PIHAK BERKUASA TEMPATAN  & GOVERNMENT LINK COMPANY

 

Tenure Profit Rate
Up to 3 years BR + 3.22%
Up to 10 years

BR + 3.67%

 

NEW AND EXISTING CUSTOMER WHO DO NOT QUALIFY ON THE CRITERIA OF ITEM (B)

Tenure Profit Rate
Up to 10 years

 

BR + 4.25%

Note : Current BR is at 3.85%

Profit rate charged is dependent on the following criteria:
a) Existing and new customer
b) Good track record as per CCRIS which not exceed MIA-2 for the past 12 months.
c) Salary deduction through BPA
d) No Rescheduling and Restructuring (R&R) status.
e) No Special Attention Account (SAA)

Fee & Charges

Stamping Fees As per the Stamp Act 1949 (Revised 1989).
Brokerage Fee

RM 30 per transaction

Takaful Contribution Subject to financing amount

Note

  • The Bank will notify at least 21 days’ notice before any changes made to the fees and charges.

Download Product Disclosure Sheet

 

 

 

 


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