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Agro Industrial Hire Purchase: AGRO IHP-i

Expand your business capacity with new and modern asset!

Agro Industrial Hire Purchase (AGRO IHP-i)

A facility to finance the purchase of machinery, equipment or commercial vehicles and used for the production, processing and marketing of agriculture and/or agro-based product

Shariah Concept

  • Al-Ijarah Thumma Al-Bai (AITAB) concept which involves three (3) separate types of contracts:
    - Wakalah
    - Ijarah
    - Al-Bai’

Eligibility

  • Business entrepreneurs and entities involved in the agriculture or agro-based activities.

Features & Benefits

Financing Tenure
Up to Nine (9) years

Financing Limit
Minimum : RM5,000

Profit Rate
Enjoy competitive rates

Margin of Financing
Up to 90% from the Cost of Asset

Type of Asset Financed

  • Machineries
  • Equipment
  • Commercial vehicles

Note:
i. Financing terms offered will be subject to the Bank’s credit evaluation.
ii. Subject to Terms and Conditions.

Fees & Charges

Fees & Charges Keterangan
JPJ Registration Charges (If Applicable)
  • As per JPJ fees & charges.
Stamp Duty Fees
  • As stipulated in the Stamp Act 1949.

Legal Fees & Disbursement Charges
(If Any)

  • As per Solicitor’s fees and charges (if applicable).
Takaful contribution
  • Depending on the amount of coverage taken for the Asset. Types of takaful allowed are as follows: -
    • Equipment All Risk Policy (for machinery and equipment)
    • Motor Takaful (for commercial vehicles)

Other charges such as notice of claim, postage as well as other related costs

  • Actual cost and no additional charge

Download e-Flyers

Product Disclosure Sheet (PDS)