Frequently Asked Questions

1. What is AFFIN Contract Financing?

It is a financing package tailor made to finance project/contract awarded by The Malaysian Government, Government Link Company (GLC), PETRONAS and other major oil companies, Tenaga Nasional Berhad and Teleom Malaysia Berhad.

2. What are the facilities offered?

The bank offers Overdraft ( restricted ), Letter of Credit/ Trust Receipts, Bank Guarantee and Foreign Exchange. The facilities are meant to finance the sanctioned contracts and not for other usage.

3. Who is eligible for the financing?

  • You must be the main contractor or nominated sub-contractor with at least one(1) year track record
  • Must be registered with Ministry of Finance, Pusat Khidmat Kontraktor (PKK), Construction Industry Development Board (CIDB), other relevant body/authority

4. What are the Terms and Conditions?

  • A minimum value of RM3,000,000-00 for supply & service contracts
  • A minimum value of RM5,000,000-00 for construction contracts

5. How long does it take to process an application?

Maximum up to 30 working days (from submission of complete documents to approval).

6. What type of security is required?

  • Borrowers are required to execute the following standard security documents
    • Facilities agreement
    • Deed of assignment
    • Open debenture (if required)
    • Memorandum of deposit (for Time Deposit, if required)
  • Directors Joint & Several Guarantee

For more information, please call our Contract Financing at:

Contract Financing Department

14th Floor, Menara Affin
80, Jalan Raja Chulan
50200 Kuala Lumpur

Tel : 03-2055 2262, 2265, 2264, 9327

Fax : 03-2026 5709

or, you may call our Call Centre at 03-5522 3000 or visit the nearest AFFINBANK / AFFIN ISLAMIC branch today.

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