AGRO – Agro Cash Line-i

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

Product Details

This product offers financing facilities with features as follows:

Tenure

Minimum: Six (6) months

Maximum: Five (5) years

Profit Rate

Ceilings Profit Rate (CPR) :
BFR + 4% P.A. or 10% pa, whichever is higher for the calculation of the sales price

Effective 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 rate

b) Upon maturities:
Full settlement

Note :

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

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 RM7 for every million purchased in commodities.

Note : Any changes to the related fees and charges will be made in writing by the Bank.

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