SMElite: Term Loan for Property Financing - Hong Leong Islamic Bank

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Empowering SMEs

Business Potential

  • high interest HIGH MARGIN OF FINANCING
  • ideal for small businesses PROPERTY + WORKING CAPITAL + CAPITAL EXPENDITURE FINANCING
  • financing for full amount FINANCING COLLABORATION WITH CREDIT GUARANTEE CORPORATION (CGC)
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SMElite – Package Features

  • Financing collateralized against property and CGC Guarantee

 Flexible facility based on business needs
  • Commodity Murabahah (CM) Flexi Term Financing-i for purchase of property (up to 25 years) or financing of working capital (up to 7 years)
  • CM Flexi Term Financing-i under CGC guarantee for working capital or capital expenditure (up to 7 years)
  • CM Cashline-i for working capital

  • High financing amount up to RM5 Million per customer
  • Up to 150% Margin of Financing

Attractive rates as low as:

  • IFR – 2.20% for CM Flexi Term Financing-i
  • IFR + 2.25% for CM Flexi Term Financing-i under CGC guarantee
  • IFR + 1.00% for CM Cashline-i

 

*IFR – Islamic Financing Rate

SMElite - Eligibility

  • Sole Proprietorship, Partnership, Limited Liability Partnership, Private Limited Company (Sdn Bhd) that are classified as SME under Bank Negara Malaysia definition
  • Business in operation of 3 years and above
  • Annual Sales turnover of RM500,000 and above
  • CM Flexi Term Financing-i under CGC guarantee, must meet all eligibility criteria required by CGC

SMElite – Documents to Prepare*

Copy of Directors, Owners, Partners, Shareholders, Guarantors Malaysian ID card

Business Registration Document

E.g. Form A/ Form B/Form D,

Form 24, Form 49, Section 14 (Super form) etc

6 Months Bank Statement

Memorandum of Articles (M&A)/ Constitution (If Applicable)

Board Resolution

3 years Audited Financial Statement

Property Title/Sales & Purchase Agreement (S&P)/Booking Receipt/ Valid Proclamation of Sales

*Additional documentation may be requested for credit evaluation purposes

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For enquiries connect with us online or drop by your nearest Hong Leong Bank Branch.


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