Agrobank

Agrobank Term Financing-i

No guarantor working capital financing for micro and small entrepreneurs to carry out Shariah compliant business activities in the agriculture sector

    • Financing up to RM50k
    • Up to 5 years tenure
    • Islamic Financing
  • Borrow: RM 
    How Long: years
    My monthly sales turnover: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

View product disclosure sheet.

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Profit rates

How much the bank charges you based on your financing amount & financing period

Financing ValueFinancing PeriodAnnual Sales TurnoverProfit Rate
RM1000 - RM5000012 to 60 monthsRM300000 to 1500000011% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
As low as 11% p.a., depending on financing amount and period
Stamp Duty
RM10
Brokerage Fee
RM15, for every successful Tawarruq transaction
Late Payment Charge
1% from current outstanding amount

Requirements

Are you eligible for this business financing?

Minimum annual sales turnover
RM300000
Maximum annual sales turnover
RM15000000
Minimum company age
2 years
Who can Apply
  • Malaysian Registered Companies
  • Micro Enterprise
Malaysian Ownership
100%

Frequently Asked Questions about Agrobank Term Financing-i

Things you might want to know

What can I get from Agrobank Term Financing-i?

Agrobank Term Financing-i is a capital financing facility based on the Islamic concept of Tawarruq which is offered to small business owners who carry out activities and/or projects that are relevant to the agriculture sector.

Depending on the bank's approval and your lending profile, Agrobank can provide financing to a maximum of 100% of the total project cost. 

What can I finance with Agrobank Term Financing-i?

There are many hurdles which small business entrepreneurs face when they want to grow their businesses. With this Term Financing-i, you can use the facility for all Shariah-compliant purposes such as followed:

  • To purchase assets, goods, or services
  • To redeem the assets.
  • To obtain the working capital.
  • For refinancing
  • For restructuring

Who can apply for Agrobank Term Financing-i?

Individuals interested in applying for this capital term financing must be a Malaysian citizen, who is also a resident in the area of business. You are also required to meet these requirements:

  • Aged between 21 years to 60 years old
  • Minimum 2-year business operation
  • Part time or full time micro enterpreneurs

Do I need a guarantor or collateral?

Yes. You are required to provide a guarantor and/or pledge a collateral when applying for this capital financing. In case you have difficulty in meeting your monthly obligations, these securities can be used to cover the outstanding loan balance.

You are also highly encouraged to take up Skim Takaful Kredit from Agrobank's panel of Takaful providers. This Takaful plan is intended to mitigate the burden of indebtedness in the event of death and TPD.

Are there fees and charges I should know?

This capital financing facility only charges you a Brokerage Fee of RM15 (exclusive of GST) since this term financing facility follows the concept of Commodity Murabahah (via Tawarruq). There is also a late payment fee of 1% p.a. when you are behind with your instalment.

How can I pay back the instalment?

The payment of your capital term financing facility instalments must be made on time and in full as stipulated in the financing agreement. This payment can be made via savings account / current account deduction or money transfer via ATM and cash deposit machine.

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