Product Disclosure Sheet

Dear Customer,

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

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

Boost Bank Term Loan Facility (“TL”) is a conventional general working-capital term loan for SMEs and Micro Enterprises. The full amount is disbursed upfront and repaid over a fixed tenure by monthly instalments calculated on a fixed interest rate on a reducing balance basis.
• Facility amount: RM1,000 up to RM2,000,000
• Tenure: 1 month up to 36 months.
• Onboarding: Straight Through Process (“STP”) up to RM300,000; manual review and approval above, up to RM2,000,000.

A Joint and Several Guarantee may be required as security (including under the CGC / SJPP portfolio guarantee variant). This product is available as conventional financing only.

It is your responsibility to:

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

💳 Service the monthly instalment in full and on time once the loan is disbursed (flexible daily / weekly / monthly repayment is also available).

🔁 Repay the outstanding amount in full by the end of the tenure.

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

What happens if you ignore your obligations?

1. You pay more in total - default interest of 1% p.a. above the interest rate accrues daily on the overdue amount, plus all costs of any legal, recovery or enforcement action taken against you.
2. We may recall or reject 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.
3. 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.
4. If we receive insufficient payment, we may apply it in the order we decide, regardless of the order you intended.