What is the essence of Kai-Faak?
Essence under code 491 are :
- Contract of Sale.
- Ownership of the property sold passed to the buyers.
- Contract with subject to redeem that property by seller.
Process of Kai-Faak?
Who can enjoy the benefits from MBKG’s Kai-Faak?
- Property Owner or who shall request to own the property such as vacant land or land with building under MBKG concerned criteria.
- Whoever may require working capital- business expansion, purchasing land, refinance etc.
- Whoever may require quick cash without bulk of document preparation.
- Whoever may not match with Bank’s required criteria or fail to be served from Bank’s service.
- Capitalist with limited source of fund.
Why do Kai-Faak with MBKG ?
- Considerable as property base.
- Purpose of loan is not required.
- No ceiling of approved credit limit .
- Reasonable benefit rate (Interest Charge) and fee.
- Fair and transparent contract.
- Less required documents with simple approval process.
- Quick cash within 7 working days.