Business Premises Purchase Financing Scheme (SPiM PREMIS)
Objective
- Supporting entrepreneurs to have their own properties and increase the ownership of non-financial assets for Bumiputera.
Terms and Conditions
Terms and Conditions
- Malaysian citizen and Bumiputera
- Aged between 18-40 years
- Have a valid business registration (SSM)
- Have been operating the business for at least six (6) months
- Have a license / permit / letter of authorization from the local authority (PBT)
- Operate a full-time business
- Engaged in a syariah compliance business
- Not a MARA blacklisted individual
- The purchased premises must be freehold or leasehold (with at least 50 years remaining on the lease)
Scope of Financing
Purchase of business premises includes:
- Retail Shop / Shophouse
- Commercial Space Lot
- Industrial Lot / Factory
- Other types of premises eligible for business use according to current standards
Financing Limit
The maximum financing limit is 95% of the purchase cost of the premises, while the remaining 5% must be contributed by the applicant.
Sole Proprietorship / Partnership :
RM1,000,000.00
Private Limited (Sdn. Bhd) :
RM2,000,000.00
Financing Period
The duration for financing or repayment is a maximum of 20 years, and the applicant’s age should not exceed 60 years by the end of the financing term.
Guarantee / Collateral
- Collateral on the premises to be purchased
- The applicant is required to take out MRTT insurance and fire insurance for the purchased premises
- Financing to private limited (Sdn. Bhd.) company requires guarantee/ assurance of all the Board Members
Profit Rate
4%
Majlis Amanah Rakyat (MARA)
21, Jalan MARA
50609 Kuala Lumpur
MARA Hotline : 03-26132000
NUMBER OF VISITORS
Today’s Visitors: [esi wpstatistics stat=visitors time=today]
Number of Visitors: [esi wpstatistics stat=visitors time=total]
Total Reach: [esi wpstatistics stat=visits time=total]