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Features & Benefits

Better Cash Flow
Revolving Basis Facility
Zero Commitment Fees
Easy Online Payment
Invoice As Collateral
Manage Customers’ Credit

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.

Eligibility

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

Note: Terms and conditions apply.

Fees and 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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