Commercial Properties (Individual or Corporate)

Maximum Financing

85% of the cost or valuation of the property whichever is the less.

Maximum Payment Period

25 years subject to age plus repayment tenure not exceeding 65 years.

Required Documents for Application

Employment Income

1. Certified Copy of IC (applicant / spouse / vendor / guarantor)
2. Certified copy of salary slip (applicant/ guarantor ) – (3 months for fix income / 6 months for income with OT or commission)
3. Certified copy of EC / EA (applicant)
4. EPF / KWSP statement
5. Latest 6 months of personal saving bank statements
6. Booking Form / Sale & Purchase Agreement / Letter of Intent

Profit Rate

1 – 36 months @ 5.5% per annum.

Thereafter profit rate is at our company’s prevailing profit rate which is currently at @ 7.5% per annum and subject to variation from time to time at our company’s absolute discretion.

* The Company reserves the right to vary the above information, terms & conditions from time to time without assigning any reason whatsoever.

Business Income

Sole Proprietor / Partnership

1. Certified Copy of IC (applicant / spouse / vendor / guarantor)
2. Current year Trading License
3. Current year Form B / Form BE
4. Latest 6 months of Trading bank statement
5. Latest 6 months of personal savings bank statements
6. Booking Form / Sale & Purchase Agreement / Letter of Intent

Corporate / Company

1. A copy of current year Trading License
2. A certified copy of Memorandum and Articles of Associates
3. Certified copy of latest Form 24
4. Certified copy of latest Form 49
5. Audited Financial Statements for the past three years
6. Latest 6 months of company’s bank statements
7. Certified Board Resolution authorising loan application
8. A certified copy each of director’s Identity Card
9. Latest Notice of Assessment (Form J) for the Company
10. Latest Notice of Assessment (Form B) for each director
11. Loan Application Form
12. Directors’ particulars as per Form A (annexed to the application form)