Kredit Mikro is an uncollateralised micro financing for business purposes. The implementation of the product is based on the Tawarruq transactions.
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Provision of credit facilities to micro entrepreneurs to undertake economic activities involving agriculture and agro-based activities covering all stages of production, processing, services, marketing and consumer needs.
Product Details
| Financing Limit |
Maximum RM150, 000.00. Financing limit up to 100% of the total cost and subject to credit evaluation. |
| Financing Tenure | Up to 60 months |
| Profit Rate (**subject to change) | 15% per annum on a monthly rest |
Download Product Disclosure Sheet - SKMS 1
Download Product Disclosure Sheet - SKMS 2
Download Product Disclosure Sheet Agro Musim-i (English)
Eligibility Criteria
- Malaysian citizen aged 21-60 years on the date of application
- Is a micro entrepreneur full time / part time
- Has been running the project / business more than 1 year
- Possess the necessary approval from such as a license / permit / lease agreement of land / etc.
- Kafil/guarantor, is required to guarantee this financing.
- No collateral shall be required by the Bank.
Fi&Caj
| Takaful Contribution | Based on financing amount given. |
| Brokerage/Trading Fees |
Brokerage fee for every successful Tawarruq transaction is at RM 7 for every millions of commodity purchasing amount. (Subject to (6%) SST) |
