Special Advance for Islamic Account-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.
Product Details
| 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 Margin financing up to 150 % Minimum: 3 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 Non Agriculture Sector and Food Industry Financing Margin Up to 150% Agriculture Sector and Food Industry For the next 101% - 150%:
For the next 101%-150% Ceilings Profit Rate (CPR): Effective Profit Rate (EPR): Note: Current SBR is at 3.00% |
Fees & Charges
| Stamping Fees | As per the Stamp Duty Act 1949 (Revised 1989) |
| Brokerage Fee |
RM15.00 for every One Million Malaysian Ringgit (RM1,000,000.00) based on the value of the financing facility or any broker fee amount set by the commodity trading platform (subject to service tax (if any) or any tax set by the relevant Minister) as the broker's fee |
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)
Security / Collateral
- Term Deposit-i will be taken as collateral.
- One eligible guarantor is required if the margin of financing 101% - 150%
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FAQ BERKAITAN PENJAMIN BAGI PRODUK SAFIA-i
