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ABBA Variable Rate Financing-i

Provides financing and refinancing to Small and Medium Enterprises and Industries that are looking to raise capital for expansion. So if you are thinking of constructing a new production plant to cope with increasing demand, or purchasing larger business premises, you can opt for this financing plan. Provided under SMILAX, it will supply the necessary financing to companies that are acceptable according to Shariah laws.
Here's what ABBA Variable SMILAX Financing-i can do for your business:
Financing for a wide variety of purposes
Features & Benefits:
- Refinancing or purchase of industrial land, factories, shophouses, plant and machinery.
- Refinancing of your existing facilities with other financial institutions.
- Financing of working capital.
- A standby line to meet temporary and seasonal needs.
- For purchase of shops, warehouses and industrial land/factories for own use.
- For construction of factories for own occupation.
- For investment purpose
- For refinancing the shops, warehouses and industrial factories from other bank.
- For purchase of plant and machinery.
- For working capital financing.
- For purchase of bungalow lots, agriculture land and industrial land.
Processing fee waived.
- Margin of advance 50%-85% depending on type of security.
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