Welcome to ASMB

Corporate Profile

People

Products

PRODUCTS

Generally, ASMC provides two types of loans - i.e. Term loan and Revolving loan.

(a) Term Loan
Term loans are disbursed in either one lump sum or progressively and are repayable over a specified tenure through scheduled principal repayments.

(b) Revolving Loan
These loans are made available for drawdown by the borrower either in one lump sum or in specified tranches. These loans may be repaid and subsequently redrawn by the borrower over the tenure of the loan. Revolving loans are however repayable in full upon maturity.

Size of Loans

A minimum of RM0.5 million to a maximum of RM3.0 million.

Interest Rate

The interest rate charged on the loans is dependent on the prevailing market conditions. The rate charged also takes into account the risk profile of the borrower such as the financial position, security, viability of business, etc

The documents required for the loan application are :

A. Applicant - Company

i) Memorandum of Articles & Association (M&A)
ii) Form 24
iii) Form 49
iv) Audited Accounts (Latest 3 financial years)
v) Brief Profile of the company

B. Applicant - Individual (under employment)

i) Copy of Identification Card (IC)
ii) Latest 3 years of JE/J forms
iii) Confirmation letter from the employer on status of employment

C. Applicant - Individual (self-employed)

i) Copy of IC
ii) Latest 3 years of JE/J forms
iii) Business Registration / M & A
iv) Form 24 (if applicable)
v) Form 49 (if applicable)
vi) Latest 3 financial years Audited/Certified Accounts
vii) Bank statements of the company