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:
| Ease Period |
Minimum: Six (6) months Maximum: Ten (10) months |
| Profit Rate | Ceilings Profit Rate (CPR) : BFR + 4% P.A. or 10% pa, whichever is higher for the calculation of the sales priceEffective 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 rateb) 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.
Download Product Disclosure Sheet
