A Flexible Plan To Finance Your Business Premise
Affin Biz Solution Plus is a term loan or overdraft or combination of term loan and overdraft for the financing, sub sale and refinancing of both completed and under construction business premises. This financing is eligible to individual, sole proprietor and partnership (exclude private limited and voluntary organization).
Types of business premise for this financing plan are multiple storey shop houses, shop lots in complexes, shop unit, office suite in multiple storey buildings.
For combination package of term loan and overdraft, the maximum overdraft portion is 50% of total financing amount for loan value less than RM500,000; and 70% of total financing amount for loan value on or above RM500,000.
Benefits
The term loan portion of Affin Biz Solution Plus helps you:
- Save overall interest cost with DAILY computation of interest
- Payment in excess of loan instalment amount
- Redraw of excess payment
Terms &
Conditions
- Loan amount : Minimum RM100,000 and Maximum RM5,000,000
- Property value : Minimum RM200,000
- Margin of Finance (MOF) : Up to 80%
- MRTA Financing : 5% (excludes loan agreement stamp duty, legal and disbursement fees)
(MRTA = Mortgage Reducing Term Assurance)
- Tenure : 30 years or up to the age of 65 years, whichever is earlier
- Retention : a) Applicable to settlements within 5 years from date of first
disbursement
b) Penalty amount
- 3% of original loan amount if redeemed
within the 5 years retention period;
- MRTA: We strongly encourage you to take MRTA to ensure that you
and your family are protected
Redraw facility on excess payment can be conducted via www.affinonline.com for registered affinOnline users.
Please click the following for more information on:
For further information, please call our Call Centre at 03-5522 3000, or visit the nearest AFFINBANK / AFFIN ISLAMIC branch today. |
