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Block Discounting

Block Discounting

For motor dealers, and credit and leasing companies to transform their working capital by discounting blocks of hire purchase and leasing agreement receivables for present cash.

  • Margin of finance:

    Up to 90%

  • Loan period:

    Up to 60 months/5 years

Benefits


  • Improve funding by refinancing your HP debt receivables
  • Better planning of cash flow as the instalment amount and number of instalments are predetermined.
  • Attractive and competitive interest rates according to type of goods financed.
  • Flexible drawdown and utilisation up to approved limit.
  • No commitment or renewal fees on unutilised portion from approved limit.
  • Easy payment options at over 400 Maybank branches nationwide, or online via Maybank2u.com.

Types of Goods Financed


  • Motor vehicles
  • Motorcycles
  • Consumer durables
  • Leased equipment
  • Machinery

Who Can Apply?


  • Private and Public Limited Companies
  • Companies involved in credit granting business for several years
  • Download application form here.

Documents Required


  • M&A of your company
  • Certified true copy of Certificate of Incorporation (Form 9)
  • Certified true copy of Form 24 (from date of incorporation) & latest Form 49
  • Company's profile
  • Latest 3 years' audited accounts / financial statement
  • Latest 6 months' bank statements
  • Latest 6 months' sales and disbursement / amount financed
  • Latest 6 months' collection

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