Onshore Foreign Currency Loan
Product Name
Onshore Foreign Currency Loan
Introduction
A facility in foreign currency to finance the import of goods from foreign suppliers and export of goods to foreign buyers.
Features
Available in USD, EURO, JPY, GBP and CNY subject to availability of funds.
To finance import of goods drawn under Letter of Credit, Inward Documentary Collection or import and export under open account basis.
Margin of financing is up to 100% of invoice value or part thereof.
Lower interest rate, as it is determined based on inter-bank rate/cost of fund, which is normally lower than BLR.
Two methods of repayment on maturity date, i.e. debiting directly from Foreign Currency Account or to contract for foreign currency rate and debit from RM account.
For Customers
The Customer have limited working capital, they have to develop business through rapid capital turnover.
To speed up and accelerate cash flow, case the funding pressure.
Application requirements
The enterprise is maintaining current account with our bank and having granted the trade facilities by the Bank of China (Malaysia) Berhad.
Product Disclosure Sheet
Documents Required
The customer should provide the following documents:
a. Notification Letter (Application Letter)
b. The underlying trade supporting documents
