AgroCash-i

AgroCash-i is a personal financing facility for customers for the purpose of consumer financing mainly related to agriculture and agro-based activity.

The implementation of the product is based on Tawarruq transactions.

Eligibility Criteria

Age Requirement	Government Employees Age between 18 to 60 or up to retirement age whichever is earlier GLC Staff Age between 21 to 60 or up to retirement age whichever is earlier
Eligibility	Government Employees Permanent and have served for at least 6 months (confirmed or under probation) GLC Staff Permanent staff and has been confirmed with at least one year of service
Additional Eligibility for Financing Limit up to RM250,000.00	Government Employees Open to Central Government, State Government and Statutory Bodies only Permanent and have served for at least 5 years. Calculation of service period includes contract service period (if applicable) Gross monthly income (including basic salary and fixed allowances) exceeding RM10,000 and above Debt Service Ratio (DSR) is up to 70% only (including applications with Housing Financing) Other conditions are as stated above
Min. Salary Requirement	Government Employees RM1,000 gross salary per month GLC Staff RM2,000 gross salary per month
Takaful Coverage	Customer is encouraged to take Skim Takaful Kredit

Product Details

Financing Limit

Government Employees
Maximum RM250,000**

GLC Staff
Maximum RM200,000

(**Please refer to the Additional Eligibility for Financing Limit up to RM250,000.00)

Financing Tenure

10 years maximum

Profit Rates (Subject to eligibility and current changes)

Description

Eligibility Criteria

The profit rate is subjected to eligibility and current conditions changes. Profit rates are as below:

FEDERAL GOVERNMENT

Tenure	Profit Rate
Up to 3 years	SBR + 3.45% p.a
4 to 10 years	SBR + 3.95% p.a

STATE GOVERNMENT/STATUTORY BODY/PIHAK BERKUASA TEMPATAN & GOVERNMENT LINK COMPANY

Tenure	Profit Rate
Up to 3 years	SBR + 3.82% p.a
4 to 10 years	SBR + 4.27% p.a

FOR APPLICATION THAT HAS UNSATISFACTORY CREDIT ASSESSMENT

Tenure	Profit Rate
Up to 10 years	SBR + 4.85% p.a

Profit rate charged is dependent on the following criteria:
a) Existing and new customer
b) Good track record as per CCRIS which not exceed MIA-2 for the past 12 months.
c) Salary deduction through BPA
d) No Rescheduling and Restructuring (R&R) status.
e) No Special Attention Account (SAA)

Ceiling Profit Rate (CPR):-

SBR + 7.75% p.a or 10% p.a whichever is higher for the calculation of Sale Price

Effective Profit Rate (EPR):-

At the current profit rate and did not exceed CPR and calculated based on the monthly balance

Note: Current SBR is at 3.00%

Fee & Charges

Stamp Duty	As per the Stamp Act 1949 (Revised 1989).
Advanced Installment	Equivalent to three (3) month installments which shall be used as payment in case of any default under the financing. Advance installments shall be deducted from the financing amount.
Brokerage Fee	RM15.00 per transaction

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 6% (if applicable)

PDS AGROCASH-i (ENGLISH)

Terms and Conditions AgroCash-i (Malay Version)

Brochure

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