AgroCash-i

AgroCash-i is a personal financing facility for customers for the purpose of consumer financing mainly related to agriculture and agro-based activity.

The implementation of the product is based on Tawarruq transactions.

Product Information

Financing Limit	Government Employees Maximum RM250,000 GLC Staff Maximum RM200,000 (Please refer to the Additional Eligibility for Financing Limit up to RM250,000.00)
Financing Tenure	Maximum ten (10) years
Profit Rates Profit Rates (Subject to eligibility and current changes)	Ceiling Profit Rate (CPR):- BR + 7.75% p.a or 10% p.a whichever is higher for the calculation of Sale Price Effective Profit Rate (EPR):- At the current profit rate and did not exceed CPR and calculated based on the monthly balance Note: i. Current Standardized Base Rate (SBR) is at 3.00% ii. Subject to the existing Terms and Conditions of product
FEDERAL GOVERNMENT	Tenure	Profit Rate
	Up to 3 years	SBR + 3.45% p.a
	4 - 10 years	SBR + 3.95% p.a
STATE GOVERNMENT/STATUTORY BODY/PIHAK BERKUASA TEMPATAN & GOVERNMENT LINK COMPANY	Tenure	Profit Rate
	Up to 3 years	SBR + 3.82% p.a
	4 - 10 years	SBR + 4.27% p.a
FOR APPLICATION THAT HAS UNSATISFACTORY CREDIT ASSESSMENT	Tenure	Profit Rate
FOR APPLICATION THAT HAS UNSATISFACTORY CREDIT ASSESSMENT	Up to 10 years	SBR + 4.85% p.a

Fees

Fees Information

Stamp Duty	As per the Stamp Act 1949 (Revised 1989).
Brokerage Fee	RM15.00 per transaction

Notes:
- 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)

Eligibility Criteria

Age Requirement	Government Employees Aged 18 years old and above and not exceeding 60 years old upon the expiry of facility or opted retirement age; whichever comes first GLC Staff Aged 21 years old and above and not exceeding 60 years old upon the expiry of facility or opted retirement age; whichever comes first
Eligibility	Government Employees Permanent and have served for at least 6 months (confirmed or under probation) GLC Staff Permanent staff and has been confirmed with at least one year of service
Additional Eligibility for Financing Limit up to RM250,000.00	Government Servant Open to Central Government, State Government and Statutory Bodies only Permanent and have served for at least 6 months. Calculation of service period includes contractual and/or “interim” service period (if applicable) Gross monthly income (including basic salary and fixed allowances) based on customer’s financing eligibility (Biro Perkhidmatan ANGKASA (BPA) deduction, Debt Service Ratio and Net Disposable Income) Debt Service Ratio (DSR) is up to 70% only (including applications with Housing Financing) Other conditions are as stated above
Min. Salary Requirement	Government Employees Gross monthly income (including fixed allowance) more than RM1,000 GLC Staff Gross monthly income (including fixed allowance) more than RM2,000
Takaful Coverage	Customer is encouraged to take Skim Takaful Kredit

The implementation of this product is based on the concept of Tawarruq

For more information, please download PDS AgroCash-i and/or the Terms and Conditions to be eligible for Agrocash facility.

Vision

Advancing Agriculture
Beyond Banking

Mission

Elevating the standards of agriculture
and providing sustained supports that create values to communities, economy, environment and stakeholders

Help and Support

Leboh Pasar Besar, Peti Surat 10815,
50726 Kuala Lumpur,
Wilayah Persekutuan Kuala Lumpur

1 300 88 2476 (LOCAL)

+6 03 2079 0600 (INTL)

Inquiry & Feedback

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