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Shorten your cash collection cycle when you sell your receivables to us.
As the invoices you sold to us is paid down, your limit for cash advance gets replenished and is available for you to use.
We will not charge you for the amount you do not use.
Make payment easily through any CIMB Bank branch nationwide or through online banking.
Get cash advances by using your invoices as collateral.
We provide collection assistance and monitor your clients’ payment periods.
Applicable for private and public companies, suppliers and contractors to government bodies or agencies, and government-linked companies
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 |