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Machinery & Equipment Financing-i (MAEF-i)

MAEF-i is a financing facility to finance the purchase of agricultural and manufacturing machineries, equipment or utility vehicles that are used directly or indirectly for the production, processing and marketing of agricultural or agro-based products. This product is based on the Bai ' Bithaman Ajil (BBA) and Murabahah transactions.

 

maef-1 maef-2 maef-3

 

 

Bai ' Bithaman Ajil refers to the sale and purchase agreement based on deferred payment at a certain price. Murabahah refers to the sale and purchase agreement with exposure cost price and profit margin assets to the buyer.

Target Market

  • Machinery and Equipment Operators
  • Entrepreneurs in the manufacturing sector such as production, processing or marketing of agricultural or agro-based products
  • Land Owners
  • Farmers

 

Download Product Disclosure Sheet

 

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Product Details

This product offers financing facility with features as follows:

Type of Machinery/Equipment

 

 

 

 

New/Recon

Refers to machinery and equipment registered and used for the first time or machinery and equipment that has been restored and is registered in Malaysia for the first time

Used

Refers to machinery and equipment that has been previously registered and used in Malaysia. Age of machinery or equipment used must not exceed five (5) years

Financing Margin Up to 90% of machinery or equipment cost.

Up to 80% of machinery or equipment cost.

Payment Tenure A maximum of nine (9) years of age where the number of machines or equipment and funding period must not exceed nine (9) years  Up to 80% of machinery or equipment cost. 
Tenure Up to maximum of nine (9) years (108 months)  Up to maximum of nine (9) years (108 months) 
Profit Rate From BFR + 2.0% p.a. to BFR + 3.0%p.a. From BFR + 3.0%p.a. to BFR + 4.0%p.a.

 

Note : Basic Financing Rate (BFR)

Fee & Charges

JPJ registration fees
(if applicable)

JPJ imposed fees

Payment of Stamp Duty

As stipulated in the Stamp Act 1949 (Revised 1989)

Legal Charges & Payments

Including legal fees to the loan documentation, registration charges, ground search, search bankruptcy / bankruptcy and other fees (if applicable)

Takaful contributions

Based on the sum covered and NCD entitlement


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