Revolving Credit is a working capital credit facility which allows for the multiple loan drawdown to meet borrower’s business trade cycle requirement, and can be re-drawn again in different quantum, tenor within the approved facility limit. The product will cover trade or invoice financing and short-term supply contract financing.
• Interest rate and is calculated on daily basis on outstanding drawdown amount with a competitive rate
• Be at age 21 years old and above
• Have a potential business with good status and legal profitability
• Minimum main business operating history in similar line of business of at least 3 years.
• Have own residential address
• National ID, Valid passport, latest valid practicing certificate or license, latest business registration certificate or other effective documents may be required