How much is Kenanga Investment Bank able to finance my investments?
Kenanga Investment Bank will be able to finance your investment up to a margin of 80% of your collateral's market value, or a minimum loan of RM50000. When your borrowing is in excess of 80% you will be called on to re-balance your margin account.
For short-term margin financing, that ends in the sale of the purchase contract within 10 days, you won't have to pay any interest on your borrowing.
What are the accepted collateral types?
The credit limit for each collateral will vary depending on the chosen margin type, either a normal margin or a short-term margin option, with the latter having higher leverage possibilities:
|Cash||2.2 - 2.5 times|
|Quoted Shares||1 - 2 times|
Kenanga Investment Bank accepts a wide range of counters listed on Bursa Malaysia Berhad – for Main Market and Ace Market
Am I allowed a cash withdrawal?
No, you will not have the option to withdraw cash from your margin account.
Will I be able to choose my own broker?
No, you will be appointed a broker by Kenanga Investment Bank. There is also a very desirable online trading option via KenTrade, their online trading portal, where you will not be required to pay any brokerage fees!
What documents do I need when applying?
You will need the following:
- Latest 3 months' payslip
- Latest Form J
- Latest 3 months' bank statement
- Any other supporting income documents