Factoring

What is Factoring?

Factoring is a receivables financing facility where we purchase your trade receivables and gain ownership of the debt. The client’s customers would then become the debtor to us and required to pay us directly to discharge their debt.

Benefits & Privileges

Better Cash Flow

Shorten your cash collection cycle when you sell your receivables to us.
Revolving Basis Facility

As the invoices you sold to us is paid down, your limit for cash advance gets replenished and is available for you to use.
Zero Commitment Fees

We will not charge you for the amount you do not use.
Easy Online Payment

Make payment easily through any CIMB Bank branch nationwide or through online banking.
Invoice as Collateral

Get cash advances by using your invoices as collateral.
Manage Customers' Credit

We provide collection assistance and monitor your clients’ payment periods.

Eligibility & Requirements

Applicable for private and public companies, suppliers and contractors to government bodies or agencies, and government-linked companies.

Note

Terms and conditions apply.

Fees & Charges

Type of Product / Service	Fees & Charges
Facility Fee (a one-off charge)	Up to RM1,000.00
Stamp duty (Factoring Agreement)	Subject to Stamp Act 1949
Stamp duty (Deed of Assignment)	RM10.00
Stamp duty (Deed of Guarantee / Letter of Guarantee / Guarantee Agreement)	RM10.00

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Factoring

What is Factoring?

Benefits & Privileges

Better Cash Flow

Revolving Basis Facility

Zero Commitment Fees

Easy Online Payment

Invoice as Collateral

Manage Customers' Credit

Eligibility & Requirements

Fees & Charges

Need More Information?

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