Conventional Products
Commercial and Industrial Property Loans
Cagamas purchases commercial and industrial property loans (CIPL) from financial institutions and selected corporations. CIPL is defined as a loan granted for the purpose of financing or refinancing the purchase, construction or renovation of a factory, warehouse or industrial complex. Proceeds obtained from the sale of CIPL are exempted from the liquidity requirement but are subject to 50% of the statutory reserve requirement.
Eligibility Criteria
- for the financing or refinancing of the purchase, construction or renovation of commercial and industrial properties;
- fully disbursed;
- not be more than 1 month in arrears at the time of sale;
- has a remaining life which expires on or after the review date;
- has a book balance less unearned interest, if any, not exceeding RM20 million per loan;
- secured by a first charge or assignment of rights over the Commercial and Industrial property; and
- comply with other criteria as per Cagamas' requirements