11 SOFT LOAN SCHEMES FOR AUTOMATION BY MIDF
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SOFT LOAN SCHEMES FOR AUTOMATION BY MIDF DEVELOPMENT FINANCE DIVISION 22
AN INTEGRAL PART OF MITI SINCEPTION MIDF collaborates with MITI and its Agencies as a conduit for assisting specific sectors and/or industries in restructuring the economic structure targeted by the Government. 33
OUTCOME ACHIEVEMENT Deliverables % i. Increase Productivity 95 ii. Increased Efficiency In The Use Of Machinery And Equipment 62 iii. Increase Productivity Through Automation 57 iv. Savings In Production Costs 48 v. Reduction Of Customer Complaints 38 vi. Improvement Of Manufacturing Processes And Improve Product Quality 62 vii. New Products Development 52 viii. Reduction In The Number Of Rejected Product 57 ix. Increase In Sales 62 44
Development Finance Division Development Finance q Extends fixed interest rate financing through project, machinery, factory mortgage and working capital term loans, industrial hire purchase and leasing facilities and revolving credit and factoring. q Continues to remain an important conduit to disburse Government development funds under the various special soft loan schemes. Financing Approved We Assist Our Clients To Lower Their Cost Of Doing Business 55 10, 422 financing facilities worth RM 13. 5 billion
OUR PRODUCTS Percentage Financing & Payment Period Maximum Financing Amount Profit Rate Factory Financing ü Up to 90% of the Total Cost of Factory, Land Buildings (Up to 25 Years) RM 10 Million SME – 4% Non SME – 5% 2. Machinery Financing ü Up to 90% of Cost of New Machinery ü Up to 65% of Cost of Reconditioned/Used Machinery (Up to 7 Years) RM 10 Million SME – 4% Non SME – 5% 3. Industrial Hire Purchase (IHP-i) ü Up to 90% of Cost of New Machinery/Equipment/ Motor Vehicles ü Up to 65% of Cost of Reconditioned/Used Machinery/Equipment/M otor Vehicles (Up to 7 Years) RM 10 Million SME – 4% Non SME – 5% No. Financing Products 1. 66
OUR PRODUCTS Percentage Financing & Payment Period Maximum Financing Amount Profit Rate Leasing-i ü Up to 90% of Cost of New Machinery/Equipment/Motor Vehicles ü Up to 65% of Cost of Reconditioned/Used Machinery/Equipment/Motor Vehicles (Up to 7 Years) RM 10 Million SME – 4% Non SME – 5% 5. Sales Revolving Credit (SRC-i) ü Up to 90% financing of sales invoice value (Up to 90 days with an option to extend another 60 days) RM 5 Million SME – 4% Non SME – 5% 6. Purchase Revolving Credit (PRC-i) ü 100% financing of raw material supplier’s invoice (Up to 90 days with an option to extend another 60 days) RM 5 Million SME – 4% Non SME – 5% 7. Factoring ü Up to 80% financing of sales invoice value (180 days) RM 5 Million SME – 4% Non SME – 5% No. Financing Products 4. 77
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