Revolving credit is a short term credit line in which the company is given a certain amount credit limit with flexibility to reutilise the credit line for as long as there utilisation is within the approved limit and there is no overdue.
To finance company’s working capital requirements, operations, marketing expenses, production expenses, and to bridge any cash flow gaps during production cycle.
A company incorporated in Malaysia (Sdn Bhd)
Minimum 2 Director(s) and/or Shareholder(s)
Minimum 51% active Malaysian shareholder(s)
Company activities are within the 10 creative pillars supported by MyCreative
Company has financial track record of at least 1 year
Reasonable credit history on the company, shareholder(s) and director(s)
Must provide latest updated unqualified financial statement
Company must have minimum paid-up capital of RM20,000.00 or other amount as deemed necessary by MyCreative
Note: Fulfilment of the Eligibility Criteria DO NOT CREATE AN OBLIGATION OR GUARANTEE on the financing approval by MyCreative. Applicants that comply with the above Eligibility Criteria may apply for Revolving Credit facility and MyCreative Investment Committee will review and decide on the outcome.
Maximum tenure of 60 months
Flexible repayment terms
Interest rate from 6.00% per annum
Processing fee is from minimum of RM2,000.00
Note: Salient terms are subject to approval of MyCreative Investment Committee
Assignment and charge on collection account
Joint and several guarantee of directors and shareholders
Any other further funding requirements, kindly email us at firstname.lastname@example.org