The Buyer Credit Facility is a loan extended directly to a foreign buyer or lending institution to facilitate the import of Malaysian goods and services. Loan disbursements are made directly to the Malaysian exporter / contractor. The facility provides opportunities for the Malaysian exporter and contractor in bidding for/performing overseas jobs and contracts.
Terms and Conditions
Purpose
For the development, upgrading or expansion of infrastructural facilities, plant and building or fixed assets purchase, such as machinery and equipment, as well as any other Malaysian goods and services.
Margin of Financing
Up to a maximum of 85% of Project Cost or Contract Value. (100% to foreign government)
Eligibility
The supplier/contractor must be a Malaysian owned and controlled company.
For the export of Malaysian goods and services.
Tenor
Up to a maximum of 10 years including a grace period not exceeding 2 years.
Interest Rate
Cost of fund plus spread.
Currency
US Dollar or other applicable currencies.
Repayment
Quarterly
Disbursement
Direct to the supplier/contractor.
Security
Any or more of the following: -
Corporate Guarantee.
Government Guarantee/Bank Guarantee
Other securities acceptable to the Bank.
Note: The terms and conditions stated above are subject to review from time to time.
