Features

• Improves cash flow, helping you plan your business better
• Lack of collateral is not the main consideration
• Efficient sales administrative and collection services
• Facility limit is based on factorable invoice volume

Eligibility

• Malaysian-established private limited companies/partnerships/sole proprietorships that sell on credit
• Experienced management, with proven business track record
• Acceptable annual factorable invoice amount
• Provides goods/services to approved customers on regular basis
• Acceptable invoicing procedure and credit terms for factoring arrangement

Fees & charges

• Service charge: A nominal flat charge on invoice value mainly to offset expenses incurred by the bank in providing sales administrative & collection services
• Discount charge: A financial charge on the funds utilised
• Facility fee: A one-off charge