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) |
|
Stamp Duty Fees |
|
Legal Fees & Disbursement Charges |
|
Takaful contribution |
|
Other charges such as notice of claim, postage as well as other related costs |
|
Product Disclosure Sheet (PDS)