Thursday, 21 March 2019, 14 Rejab 1440H Solat Time:
KL Imsak 5:52 | Subuh 6:02| Syuruk 7:16 | Zohor 1:23 | Asar 4:29 | Maghrib 7:26 | Isyak 8:35

Vendor Financing Program


We offer the most extensive network coverage and capabilities

Introducing a vendor financing program exclusively for the Oil & Gas Services and Equipment (OGSE) sector – a strategic collaboration between Petronas, Skim Jaminan Pinjaman Perniagaan Berhad (SJPP) and Bank Islam to assist and provide financing option to the vendor, as one of the many ways it can add value to the OGSE sector.

ELIGIBILITY CRITERIA

• Licensed & Registered with PETRONAS;

• Obtain projects directly from PETRONAS;

• Classified under PETRONAS’ minimum performance rating upon approval:-

- “Contractors Performance Evaluation” (CPE) of Class A & B; or New Rating
- “Supplier Tracking Assessments Rating” (STAR) of 4 Star & 3 Star

• Profitable in 2 years of the last three (3) years.

FEATURES

• Facilities offered :

- Multi Trade Financing Facility*.

- Business Cash Line-i Financing*.

• Purpose of financing

- Working capital.

• Financing Amount :

- Up to RM10 million.

• Contract financed :

- Goods and services supplies contract awarded by Petronas.

SPECIAL FEATURES

  • Competitive financing rate.
  • Simplified approval process.
  • Customised facility structure in accordance with the contract requirements by PETRONAS.
  • Collaboration with SJPP as credit guarantee provider.

Financing Application Form

• To apply, please complete the forms as follows:

Financing Application Form
Cross Selling Consent Form (CFCS)
Privacy Statement
Declaration on Value Based Intermedition (VBI) Initiative

• Submit the completed form with the supporting documents  to the nearest Bank Islam’s branches.

Contact Us

• Pusat Panggilan Bank Islam

Tel : 03-26 900 900

E-mel: contactcenter@bankislam.com.my

Product Disclosure Sheet:

Containing key information for customer to make informed decisions and to facilitate comparison between products:-

Business Cash Line-i
Trade Working Capital Financing-i (Sales)
Trade Working Capital Financing-i (Purchase)
Bank Guarantee-i
Letter of Credit-i
Shipping Guarantee-i
Standby Letter of Credit-i (SBLC)

Customers are advised to read and understand the existing terms and conditions before agreeing to subscribe to any products or services and / or participate in this program.

WE DESIGN FINANCING SOLUTIONS FOR VENDORS OF PETRONAS

We offer the most extensive network coverage and capabilities through our BRANCHES and REGIONAL offices

 

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