Financing

Letters of Credit are issued by the bank to your suppliers as a form of guaranteed payment. The supplier will be able to collect the payment when all conditions of the LC are met, for example when the goods shipped and documents delivered to the bank.

Advantages of using Letters of Credit:

• LC issued by Public Bank enjoys worldwide acceptance, giving you better negotiating powers, even when dealing with a supplier for the first time.
• Eases your cash flow without the need to pay in advance.
• Minimal charges.
• Minimal documentation required.

A form of financing for your purchases, where we pay your suppliers 100% of the value of the goods, so that you can take delivery promptly and defer payment for an agreed period of time.

Advantages of using Trust Receipts:

• Flexibility to settle early, partly or fully.
• Financing for a pre-determined period that suits your needs.
• 100% financing Competitive rates, no commitment fee.

The bank provides financing for importers and local purchasers so you can take delivery of goods faster to meet market demands.

Advantages of using Bankers Acceptance:
(Revised features with effect from 28 October 2024 onwards)

• You can combine multiple trade documents to make up the minimum financing amount of RM20,000.
• Minimum financing period of 14 days.
• Flexibility to settle early.
• Low charges levied. You can still obtain financing for other use, even though you have already paid your supplier.
• Goods can be purchased without worrying about increasing capital outlay.
• Period and amount of financing tailored to your business needs.
• Financing of services in line with the customer’s line of business is eligible and subject to the following activities:
  1. Purchase of computer software licenses
  2. Purchase of electricity from independent power producer
  3. Logistics services

Provides financing in foreign currency for your foreign trade.

Advantages of using Foreign Currency Trade Loan:

• Competitive financing rate.
• Available in major foreign currencies.
• Flexible mode of financing.

Allows you to take delivery of your goods prior to arrival of original transport documents.

Advantages of using Shipping Guarantee:

• Save on demurrage and warehousing charges.
• Low commission charges for SG issued under Letters of Credit.

When you submit a tender, or need a guarantee of payment to a supplier or a business partner, you can use a Banker's Guarantee as a viable alternative to cash deposits.

Advantages of using Banker's Guarantee:

• Low commission charges.
• Free your funds to pursue other business opportunities.
• Widely accepted, giving recipients more confidence in your company's financial credibility.

The bank will pay you immediately in exchange for your invoices in a trade transaction. This gives you instant cash in hand for other business needs while the bank collects payment from you on maturity date.

• You can combine multiple trade documents to make up the minimum financing amount of RM20,000.
• Minimum financing period of 14 days.
• Flexibility to settle early.
• Allows you to generate higher turnover by giving your buyers credit terms. Low charges levied.
• Financing of services in line with the customer’s line of business is eligible and subject to the following activity:
  1. Logistics services

When you submit a tender, or need a guarantee of payment to a supplier or a business partner, you can use a Banker's Guarantee as a viable alternative to cash deposits.

Advantages of using Banker's Guarantee:

• Low commission charges.
• Free your funds to pursue other business opportunities.
• Widely accepted, giving recipients more confidence in your company's financial credibility.

Allows financing of production and exporting costs of local manufacturers and traders. This is intended to promote Malaysia's exports and international trade.

Advantages of using Export Credit Refinancing:

• Low interest rates.
• Maximum financing period of 120 days (pre-shipment) & 183 days (post-shipment).
• Minimum nominal value RM10K or up to 95% of export order or amount specified in the Certificate of Performance (pre-shipment) and 100% value of export bill (post-shipment).
• Financing available for pre-shipment and post-shipment transactions.