A fixed rate financing which operates similar to an overdraft account with a specific financing tenure. It is a combination of two accounts; a term financing account and current account under the contract of Al-Bai Bithaman Ajil and Wadiah Yad Dhamanah respectively. It operates by refinancing of asset under in the term financing account and the utilisation is through issuance of cheques under the Wadiah Current Account.
Scope
For working capital requirements
For purchase of assets
Package
Please call our call centre at 1-300-88-7000 for further details.
Eligibility
Muslim & Non-Muslim owned Firm
Muslim & Non-Muslim owned Company
Society, Club & Association
Features
Margin of financing up to 80% (landed) and 70% (non-landed)
Fixed monthly instalments
No security deposit required
No extra charge for repayment by Standing Instruction
Also available for working capital
Convenience of making your payments and accessing your OCBC Bank account at any OCBC branch through ATM and GIRO.
