| Eligibility |
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Malaysian owned and/or controlled companies with minimum shareholding of 70% in the operating company, either incorporated in Malaysia or in the country of operation; |
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Related working experience of either one (1) year in overseas restaurant or three (3) years locally. However, if the applicant applies through Myfranchise Sdn Bhd, the requirement is waived. |
|
| Margin of Financing |
Up to 90% of project cost, inclusive of three (3) months working capital |
| Tenor |
Up to five (5) years from date of first disbursement, inclusive of grace period. |
| Grace Period |
Up to six (6) months from date of first disbursement. During the grace period, the customer shall pay the profits. Profits during the grace period shall be calculated on actual basis. |
| Profit Rate |
At 3.0 % per annum based on monthly rest. |
| Repayment |
Repayment shall be made in monthly installments |
| Special Conditions / Eligibility |
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The restaurant must serve at least five (5) Malaysian dishes as the main menu and |
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The interior decoration shall display Malaysian handicraft or reflect Malaysian identity. |
|
| Security |
The following security shall be acceptable but not limited to:-
|
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Debentures; |
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Landed property with reasonable value; |
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General Investment Account and |
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Other Shariah compliant financial instrument or securities. |
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