Q: What is SMElite?
A: SMELITE is a financing package that offers property financing, working capital financing and capital expenditure financing to Malaysian SMEs.
Q: What is the maximum financing amount I can borrow under SMElite?
A: The maximum financing amount under SMElite is up to RM10.0 Mil* or 150% Margin of Advance against property charged as collateral.
Q: What are the types of facilities available under SMElite?
A: We offer Term Loan, Overdraft and Trade facilities under the SMElite package. Facilities can either be conventional or Islamic facilities.
Q: Is collateral required for financing under SMElite?
A: Yes, we require property as collateral for the financing.
Q: What is the purpose of SJPP guarantee?
A: SJPP guarantee serves as an additional security for the SMElite financing to increase the eligible financing amount.
*Note: The maximum financing amount granted is subject to Bank's credit evaluation.