Revolving Credit Financing- SMEs Revolving Credit Line Facility Up To 90 Days

RM1.00

https://youtu.be/MgcdHTgGczk

How it Works:

Application: SMEs apply for the Revolving Credit Line online, providing necessary documentation.
Approval and Limit: Assesses the application and sets a credit limit.
Accessing Funds: Once approved, the SME can access funds through the online platform.
Repayment: Repayments are flexible, with options to pay interest only, principal, or the full outstanding balance.
Re-borrowing: Once a portion of the credit line is repaid, the available credit is replenished, allowing for further borrowing.

Category: Services Tag: Financial Services

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Description

Offers a Revolving Credit Line facility to SMEs, providing them with a flexible source of financing up to a certain credit limit. This allows businesses to access funds as needed, repay them, and borrow again, managing their cash flow more effectively. It’s a type of revolving credit, similar to a credit card or a personal line of credit.

What is the Revolving Credit Line:

Credit Limit: SMEs are approved for a specific credit limit based on their financial standing and creditworthiness.
Access to Funds: Funds can be accessed through online platform.
Flexible Repayment: Interest is calculated monthly, and businesses can choose to pay only the interest, make larger payments to reduce the principal, or settle the entire balance.
No Collateral: Business Credit Line doesn’t require collateral.
Interest Rates*: Interest rates can be as low as 1.5% per month.
Purpose: The facility can be used for various business needs, including working capital, business expansion, and bridging financing.
Online Application: User-friendly online application process.
Example: A specific example is the facility provided to car dealerships, allowing them to finance the purchase of floor stocks.

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Revolving Credit Financing- SMEs Revolving Credit Line Facility Up To 90 Days

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