Business Collateral Loan

Requirements:

1. NRIC of Directors / Shareholders / Proprietors / Partners/guarantors (passport if foreigners)
2. Business Registration document
3. Latest 6 months bank statement (optional but recommended for increased approval chances)
4. CCRIS/CTOS
5. Collateral details
6. Valuation Report of property

Advantages:

• Higher loan amounts are available compared to unsecured loans.
• Lower interest rates due to reduced risk for the lender. (12%)
• Longer repayment terms, providing flexibility for the borrower.

Financing Amount: This can vary widely depending on the value of the collateral, but typically ranges from RM50,000 to RM1,000,000.