Affin Biz Solution Plus

Affin Biz Solution Plus is a term loan or overdraft or combination of term loan and overdraft for the financing, sub sale and refinancing of both completed and under construction business premises. This financing is eligible to individual, sole proprietor and partnership (exclude private limited and voluntary organization).

Types of business premise for this financing plan are multiple storey shop houses, shop lots in complexes, shop unit, office suite in multiple storey buildings.

For combination package of term loan and overdraft, the maximum overdraft portion is 50% of total financing amount for loan value less than RM500,000; and 70% of total financing amount for loan value on or above RM500,000.
Benefit

The term loan portion of Affin Biz Solution Plus helps you:

• Save overall interest cost with DAILY computation of interest

• Payment in excess of loan instalment amount

• Redraw of excess payment

Terms & Conditions

• Loan amount : Minimum RM100,000 and Maximum RM5,000,000

• Property value : Minimum RM200,000

• Margin of Finance (MOF) : Up to 80%

• MRTA Financing : 5% (excludes loan agreement stamp duty, legal and disbursement fees)

• Tenure : 35 years or up to the age of 70 years, whichever is earlier

• Retention :

a) Applicable to settlements within 5 years from date of first disbursement
b) Penalty amount - 3% of original loan amount if redeemed within the 5 years retention period;

• MRTA - It is strongly encourage to take MRTA to ensure that you and your family are protected

Redraw facility on excess payment can be conducted via www.affinonline.com for registered affinOnline users.

NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

For further information, please call Affin Bank Contact Center Tel: +603 8230 2222, or visit the nearest Affin Bank / Affin Islamic Bank branch today.

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