Today I will highlight an offering from Affin Bank Malaysia.
According to Affin, it is A Flexible Plan To Finance Your Business Premise.
It is for Financing / refinancing / subsale.
Can combine term financing and overdraft
It is applicable to individual(s) (includes sole proprietor and partnership only)
Below are the Benefits of this scheme:
- Save overall interest cost with DAILY computation of interest
- Payment in excess of loan instalment amount
- Redraw of excess payment
Below is the terms & conditions for Affin Biz Solution Plus
- This financing package is applicable for property value of RM200,000 and above
- Margin of Finance (MOF): Up to 85%
- MRTA Financing: 7%
- (includes MRTA & loan agreement stamp duty, legal & disbursement fees plus miscellaneous charges).
Tenure: 30 years of up to the age of 65 years, whichever is earlier
Retention or Lock-In:
a) Applicable to settlement within 5 years from date of first disbursement
b) Penalty amount – 3% of original loan amount if redeemed within the 5 years
MRTA: We strongly encourage you to take MRTA to ensure that you and your family are protected.
For further information, please call Affin Bank Call Centre 03-5522 3000.
You can click here to download the sheet.