Special Advance for Islamic Account-i (SAFIA-i) is a short term financing facility offered to Agrobank's Term Deposit-i account holder.
This facility allows customer to obtain cash flow to meet their financial needs without having to uplift their Term Deposit-i account.
Implementation of this product is based on the Tawarruq transactions.
Product Details
| Financing Limit |
Minimum: RM 5,000.00 Maximum: up to 150% from the Term Deposit-i amount |
| Financing Tenure |
The financing period is subject to margin financing as below : Margin financing up to 100 % Minimum: 3 months Margin financing up to 150 % Minimum: 3 months |
| Profit Rate (Subject to change) |
Profit rate will be based on the margin of financing as per below:- Financing Margin Up to 100% Agriculture Sector and Food Industry Non Agriculture Sector and Food Industry Financing Margin Up to 150% Agriculture Sector and Food Industry For the next 101% - 150%:
For the next 101%-150% Ceilings Profit Rate (CPR): Effective Profit Rate (EPR): Note: Current SBR is at 3.00% |
Fees & Charges
| Stamping Fees | As per the Stamp Duty Act 1949 (Revised 1989) |
| Brokerage Fee | RM15.00 per transaction |
Note
- The Bank will notify at least 21 days notice before any changes made to the fees and charges (if applicable)
- Fees and charges are subject to Sales and Service Tax ("SST") of 8% (if applicable)
Security / Collateral
- Term Deposit-i will be taken as collateral.
- One eligible guarantor is required if the margin of financing 101% - 150%
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FAQ BERKAITAN PENJAMIN BAGI PRODUK SAFIA-i
