What makes this business loan different from others?
This business loan is designed for businesses emphasizing everything Halal – from food resources to adopting technologies, the MIDF Halal Accreditation and Technology Improvement (HATI) can serve as the necessary financial support for your business to achieve that plan.
What do I get from MIDF Halal Accreditation and Technology Improvement?
This business loan offers you a high financing amount from RM100,000 to RM5 million with up to 100% margin of financing. The interest rates are as low as 4% p.a. to 6% p.a. on monthly rest.
The tenures depend on the items you would like financial assistance on. For example,
- Commercial property: up to 25 years
- Machinery and equipment: up to 10 years
- Working capital: up to 7 years
- IT hardware and software: up to 10 years
- Commercial vehicle: up to 10 years
What are the eligibility criteria for this business loan?
To be eligible for the MIDF Halal Accreditation and Technology Improvement (HATI) business financing, below are the eligibility criteria.
- SME incorporated under the Companies Act 1965, Companies Act 2016 or Registration of Business Ordinance 1956
- Annual Sales or Turnover of more than RM200,000
- At least 51% of equity held by Malaysians
- Possesses valid business premise license by local authority
- SMEs with shareholding not exceeding 20% held by public-listed companies (only if applicable)
What documents do I need to prepare?
Ready to make an application? Please prepare the following documents to apply for MIDF Halal Accreditation and Technology Improvement (HATI).
- Valid business license
- CTC company form
- CTC IC copy for all directors/ shareholders (front and back)
- 6 months bank statement
- Latest annual return
- Latest 3 years' audited financial statement
- Draft/ latest management account
Please note that MIDF may request additional supporting documents for credit assessment, if applicable.
