Objective
To provide support for the working capital requirements of business clients particularly corporate and commercial entities through a revolving financing facility that allows businesses to draw down funds as needed, within the available financing limit.
Eligibility Criteria for Financing Application
Business
- Limited Liability Partnership (LLP), Private Limited Company (Sdn. Bhd.), Partnership, or Sole Proprietorship registered with the Companies Commission of Malaysia (SSM) or Local Authorities (PBT);
- The business must be Shariah-compliant;
- The business owner must be actively involved in the management and operations of the company.
Owner
- The business owner must be aged 21 and above, subject to a maximum age of 60 years;
- The company and its owner must not be blacklisted by any financial institution, must be viable, and must have been in operation for at least one (1) year with financial reporting in place.
Financing Structure
Financing Amount
Up to RM500,000
Financing Type
Islamic Financing Scheme (Tawarruq Concept)
Profit Rate
7.00% fixed rate with reducing balance calculations with collateral
8.00% fixed rate with reducing balance calculations without collateral
Financing Tenure
Flexible terms of 1, 3, 6, 9, or 12 months, or any other duration as agreed with Pernas
Financing Period
Up to 3 years