PKBC-i TAWARRUQExclusive micro financing for the residents of Kampung Baru CinaFeatures
Financing Purpose: Working Capital / Capital Expenditure / Renovation of Business Premises
Financing Amount: RM5,000 - RM50,000
- Financing Period: 6 months - 5 years
Business Sectors: Retail and Wholesale / Manufacturing / Services
APPLY NOWShariah Concept
Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.
PKBC-i TAWARRUQExclusive micro financing for the residents of Kampung Baru CinaFeatures
Financing Purpose: Working Capital / Capital Expenditure / Renovation of Business Premises
Financing Amount: RM5,000 - RM50,000
- Financing Period: 6 months - 5 years
Business Sectors: Retail and Wholesale / Manufacturing / Services
APPLY NOWShariah Concept
Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.
Business financing without collateral designed for permanent residents of Perkampungan Baru Cina.
ELIGIBILITY
Micro Enterprise (Sole Proprietorship / Partnership / Private Limited Company including Professional businesses).
- Malaysian owned business.
- Permanent resident of Perkampungan Baru Cina as confirmed by the Pegawai Kemajuan Perkampungan (PKP).
Registered with Suruhanjaya Syarikat Malaysia (SSM) / Local Authority (LA) / respective Professional Bodies (for Professional business).
Business has been in operation for at least six (6) months.
Required Documents
| Sole Proprietorship / Partnership | Private Limited Company |
A valid Business Registration with SSM or Business License with Local Authority (LA) / Certificate of Practice (for Professional business) | Certified True Copy (CTC) of the followings :
|
| Confirmation letter from the Pegawai Kemajuan Perkampungan (PKP) stating the applicant is a permanent resident of Perkampungan Baru Cina | Confirmation letter from the Pegawai Kemajuan Perkampungan (PKP) stating the applicant is a permanent resident of Perkampungan Baru Cina |
| A copy of NRIC of sole proprietor / partners | A copy of NRIC of all Directors / Shareholders / Guarantors (if any) |
| Latest 2 years of Management Account | Latest 2 years of Audited Accounts / Management Accounts |
| Latest 6 months of Company’s Bank Statement | Latest 6 months of Company’s Bank Statement |
| Any other supporting documents as required by the Bank | Any other supporting documents as required by the Bank |
RATES
4.00% p.a.
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This calculator serves as an estimate only. It is provided for illustrative purposes and is based on the accuracy of information provided. It does not constitute a quote. BSN shall not be responsible for any inaccuracies or errors resulting from the use of this calculator.
HOW DO I APPLY?
- Application submission available online. APPLY NOW.
- User guide for online application.
- Contact our Credit Supervisory Team for further information.
NOTES:
- All documents must be certified by a bank or the surety's employ.
- View Product Disclosure Sheet.
- Terms & Conditions apply.
Visit our branch
Visit our nearest Business Financing Centre for more information
OR download our Application Form HERE.
