Category Product: [:en]Personal [:my]Peribadi

Property and Land Auctions

 

 

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Disclaimer:

Interested bidders are advised to conduct all necessary searches, verification and/or inspection on the accuracy and correctness of the particulars and information provided prior to the bidding of the respective auction properties.

Bidders are advised to refer to proclamation of sale for further details on the auction. Take note that the Bank Pertanian Malaysia Berhad (“Agrobank”) shall not hold liability for any discrepancies of the information provided (if any).

Agrobank reserves the right to withdraw/called off/postpone any properties listed at any time without prior notice to the prospective bidder, Real Estate Agent and any other parties and without having to provide reasons or grounds whatsoever and shall not be held responsible for such withdrawal.

Enquiries are welcomes. Kindly email auction@agrobank.com.my or contact 03-2731 1600 (extension 1023 / 2634).

 

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Hartani-i (Tawarruq)

Hartani-i provides financing to government servants, private sector employees (permanent and contract) and stable income earners for purchasing agricultural land.

Purchase of land includes directly purchase from the vendor or through public auction or purchase of land that will be or have been auctioned by Bank Pertanian Malaysia Berhad (Agrobank).

The Bank will only consider the financing if the land to be purchased has the individual title or the land has been sub-divided and/or the land which individual title is to be issued.

Shariah Concept applied:-

  • A Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis. Through this financing, the Bank will buy the commodity (a prepaid credit or any other commodity as advised by the commodity) from the Commodity Broker at cost price (based on the financing amount). Subsequently, the Bank sells the commodity to the Customer at cost plus profit (Murabahah) on deferred payment. Next, the Customer appoints the Bank as an agent (Wakalah) to sell the commodity at cost price in cash to a third party, on a cash basis. Proceeds of the sale will be credited to the Customer’s account as the financing amount required by the Customer. Commodity applies for Tawarruq transaction is subject to the Commodity Broker.
 

 

Product Details

The benefits of this product are as below:

Financing Limit The margin of financing is up to 90% based on the applicant’s eligibility limit.
Financing Tenure The maximum financing period is 240 months (20 years) or until the age of 60 years on the maturity date of the financing (whichever is earlier).
Rate

Profit Rate

From Standardised Base Rate (SBR) + 2.35% per annum on monthly rest basis
*Subject to Margin of Financing and customer’s credit evaluation
 Ceilings Profit Rate (CPR)
SBR + 7.75% p.a. or 10% p.a.; whichever is higher for the calculation of Sale Price
 Effective Profit Rate (EPR)
At the current rate and did not exceed the ceiling profit rate charged and is calculated on a monthly balance.

Note: Current SBR is at 2.75%

Fee & Charges

Stamping Fees As per the Stamp Act 1949 (Revised 1989).
Legal & Disbursement Fees Include solicitors fees for financing documentation, registration of charge, land search and bankruptcy search and other related charges.
Brokerage Fee 

Based on the value of the financing facility or any broker fee amount set by the commodity trading platform (subject to service tax (if any) or any tax set by the relevant Minister).


Note :

  • The Bank will notify at least 21 days notice before any changes are made to the fees and charges (if applicable)
  • Fees and charges are subject to Sales and Service Tax (“SST”) of 8% (if applicable)

PDS-HARTANI-i-ENGLISH

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Special Advance for Islamic Account-i (SAFIA-i)

Special Advance for Islamic Account-i (SAFIA-i) is a short term financing facility offered to Agrobank’s Term Deposit-i account holder.

This facility allows customer to obtain cash flow to meet their financial needs without having to uplift their Term Deposit-i account.

Implementation of this product is based on the Tawarruq transactions.

Product Details

Financing Limit

Minimum: RM 5,000.00

Maximum: up to 150% from the Term Deposit-i amount
Financing Tenure

The financing period is subject to margin financing as below :

Margin financing up to 100 %

Minimum: 3 months
Maximum: 12 months

Margin financing up to 150 %

Minimum: 3 months
Maximum: 36 months
Profit Rate (Subject to change)

Profit rate will be based on the margin of financing as per below:-

Financing Margin Up to 100%

Agriculture Sector  and Food Industry
Term Deposit-i profit rate  + 1.00% p.a.

Non Agriculture Sector and Food Industry
Term Deposit-i profit rate + 2.00% p.a.

Financing Margin Up to 150%

Agriculture Sector and Food Industry
For the first 100%:
Term Deposit-i profit rate + 1.00% p.a.

For the next 101% – 150%:
Standardised Base Rate (SBR) + 4.45% p.a

Non Agriculture Sector and Food Industry
For the first 100%:
Term Deposit-i Profit Rate + 2.00% p.a.

For the next 101%-150%
SBR + 4.95% p.a

Ceilings Profit Rate (CPR):
SBR + 7.75% p.a. or 10 % p.a., whichever is higher for the calculation of the sale price.

Effective Profit Rate (EPR):
At the current rate and did not exceed the ceiling profit rate charged and is calculated on a monthly balance

Note: Current SBR is at 2.75%

Fees & Charges

 

Stamping Fees As per the Stamp Duty Act 1949 (Revised 1989)
Brokerage Fee 

Based on the value of the financing facility or any broker fee amount set by the commodity trading platform (subject to service tax (if any) or any tax set by the relevant Minister).

Note

  • The Bank will notify at least 21 days notice before any changes made to the fees and charges (if applicable)
  • Fees and charges are subject to Sales and Service Tax (“SST”) of 8% (if applicable) 

Security / Collateral

 

  • Term Deposit-i will be taken as collateral.
  • One eligible guarantor is required if the margin of financing 101% – 150%