Boost Bank SME Product Disclosure

Product Disclosure Sheet

Dear Customer,

This Product Disclosure Sheet (PDS) provides you with key information on the Revolving Credit Facility.

Other customers have read this PDS and found it helpful; you should read it too.

Boost Bank Berhad
Boost Bank Revolving Credit Facility ("RC")
Date: 30 Sept 2026

What is Boost Bank Revolving Credit Facility?

Boost Bank Revolving Credit Facility (“RC”) is a conventional revolving credit facility that meets the short-term general working capital needs of SMEs and Micro Enterprises. You draw down as needed, pay principal and interest at the end of the interest period and/or interest only at the end of each rollover period, and re-draw any unutilised amount within your limit and tenure.
• Facility amount: RM1,000 up to RM2,000,000
• Tenure: up to 24 months; interest period 7 to 180 days.
• Offered on a fixed or variable rate on a reducing balance basis — interest changes with market rates for variable pricing.
• Granted on an uncommitted basis: the Bank may reduce, cancel or suspend the limit, or recall the facility on demand.

A Joint and Several Guarantee may be required as security. This product is available as conventional financing only.

Know Your Obligations

For this facility, as an illustration

• Facility limit: RM500,000
• Amount drawn down: RM100,000
• Interest rate: 18% p.a.
• Interest period: 60 days
• Total interest cost: RM2,958.90

Total repayment at the end of 60 days is RM102,958.90.

Interest is calculated daily on the utilised balance. Rates are indicative; your total repayment will vary if the lending rate changes.

You have to pay the following fees and charges:

• Interest rate: Fixed and effective rate up to 24% p.a.; or variable up to SBR + 21% p.a.
• Commitment fee: 1% p.a. on the unutilised portion, monthly in arrears.
• Stamp duty per Stamp Duty Act 1949, plus legal fees per Solicitors’ Remuneration Order (“SRO”) 2023.
• Late payment / default: 1% p.a. above the interest rate on the overdue amount.

Settlement and prepayment - you should know:

You may settle in full before maturity by giving the Bank 2 months’ written notice. Partial prepayment is treated as advance repayment and does not reduce the interest payable during each tenure.

It is your responsibility to:

📋 Read and understand the terms and conditions of the facility before you accept it.

💰 Service the interest only at the end of each rollover period, if rollover.

🔁 Repay the principal and interest at the end of the interest period.

📞 Contact us immediately if you are unable to meet your repayment obligations.

Know Your Risks

What happens if you ignore your obligations?

1. You pay more in total – default interest of 1% per annum above the interest rate accrues daily on the overdue amount, plus all costs of any legal, recovery or enforcement action taken against you.
2. For a variable rate facility, your total repayment will rise if the prevailing lending rate increases.
3. We may recall or cancel the facility in the event, amongst others, there is any indication of a change in your creditworthiness or your ability to service this facility on the agreed terms and conditions.
4. We may set-off credit balances in your account(s) against the outstanding balance, with 7 days’ prior notice, and take legal action against you and any guarantor.
5. If we receive insufficient payment, we may apply it in the order we decide, regardless of the order you intended.

Other Key Terms

• Eligibility: SMEs and Micro Enterprises as defined by the National SME Development Council. Approval and final amount are at the Bank’s sole discretion.
• Security / Collateral: Not applicable.
• Guarantee: A Joint and several guarantee may be required.
• Insurance / takaful coverage is optional for this facility.
• The facility is granted on an uncommitted basis and is subject to periodic review; it may be recalled or terminated on demand.
• It is important that you inform us of any change in your/your business’ contact details so all correspondence reaches you in a timely manner.
• The Bank may waive fees at its discretion.

If you have any questions or require assistance on this facility, you can:

📞
Call us at
+603 8658 3000

🏦
Visit us at:
myboostbank.co

✉
Email us at:
support@myboostbank.co

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Boost Bank SME Product Disclosure