KUALA LUMPUR: AEON Bank (M) Bhd has announced its latest business banking facilities - Term Financing-i and Working Capital Financing-i - anchored by its Business Banking vertical, AEON Bank Biz.
According to the bank, these facilities are designed to provide timely and flexible capital, enabling Shariah-compliant businesses to navigate shifting market demands.
"Both products are aligned with the Shariah finance principle of Murabahah via Tawarruq concept, delivering transparent, ethical banking solutions to the Malaysian market," it said in a statement.
Term Financing-i is engineered to fund medium to long-term growth projects, asset purchases and infrastructure expansion while maintaining a healthy cash flow.
There is zero collateral required, no hidden charges on financing application or utilisation and a flexible repayment tenure of up to 60 months.
The approved fund is disbursed directly into customer’s AEON Bank Biz Business Current Account.
Meanwhile, Working Capital Financing-i provides a flexible credit line for short-term cash flow needs, designed to bridge operational budget gaps and manage financial cycles.
Customers gain access to high-value liquidity and multiple disbursement options, within an approved financing facility, limit up to a three-year tenure. They also gain the flexibility to pay the principal and refresh the approved limit, without the hassle of repeated financing applications.
There is a disbursement period of up to 12 months, which is managed fully online, deposited straight into customer’s AEON Bank Biz Business Current Account-i.
