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Special Advance for Investment Assets-i (SAFIA-i)

Special Advance for Investment Assets-i (SAFIA-i) is a short term financing facility offered to Agrobank's Term Deposit-i account holder.

This facility allows customer to obtain cash flow to meet their financial needs without having to uplift their Term Deposit-i account.

Implementation of this product is based on the Tawarruq transactions.

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Financing Limit

Minimum : RM 5,000.00

Maximum: up to 150% from the Term Deposit-i amount

Financing Tenure

The financing period is subject to margin financing as below :

Margin financing up to 100 %

Minimum: 3 months
Maximum : 12 months

Margin financing up to 150 %

Minimum :3 months
Maximum : 36 months

Profit Rate (Subject to change)

Profit rate will be based on the margin of financing as per below:-

Financing Margin Up to 100%

Agriculture Sector  and Food Industry
Term Deposit-i profit rate  + 1.0% p.a.

Non Agriculture Sector and Food Industry
Term Deposit-i profit rate + 2.00% p.a.

Financing Margin Up to 150%

Agriculture Sector and Food Industry
For the first 100%:
Term Deposit-i profit rate + 1.0% p.a.

For the next 101% -150%:
Base Rate (BR) + 3.85% p.a


Non Agriculture Sector and Food Industry
For the first 100%:
Term Deposit-i Profit Rate + 2.00% p.a.

For the next 101%-150%
BR + 4.35% p.a

Ceilings Profit Rate (CPR):
BR + 7.15% p.a. or 10 % p.a., whichever is higher for the calculation of the sale price.

Effective Profit Rate (EPR):
At the current rate and did not exceed the ceiling profit rate charged and is calculated on a monthly balance

Note: Current BR is at 3.85%

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Stamping Fees As per the Stamp Duty Act 1949 (Revised 1989)
Brokerage Fee  RM 30 per transaction (Subject to Service Tax at rate of 6% (if applicable))

Note

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

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  • Term Deposit-i will be taken as collateral.
  • One eligible guarantor is required if the margin of financing 101% -150 %

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Download Product Disclosure Sheet

SAFIA-i PDS

 


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