ATOM (Automotive Workshop Modernisation Project)
Popular ATOM (Automotive Workshop Modernisation Project) Loan in Malaysia
Eligibility
- Malaysian citizens aged between 18 to 60 years old
- Having a valid business registration with Suruhanjaya Syarikat Malaysia (SSM)
- Valid business license from local authorities
- Full time business with at least 1-year operation
Not more than 2 shops or 2,500 square feet
Fee & Charges
| Description/Service | Fee & Charges |
|---|---|
| Fees | Membership Entrance Fee Processing Fee Others |
| Stamp Duty | As per Stamp Duty Act 1949 (revised 1989) |
| Early Settlement Charges | 3 months notice in writing in advance OR 3 months interest on the early settlement amount |
*Subject to Government Tax, if applicable
*This is the non-exhaustive list of fees and charges, call us at 03-21616499 for further information.
Documents Required
- Applicant
- Guarantor
- 1 certified copy of I/C (front and Back)
- 1 passport-sized photograph
- 1 certified copy of latest income tax B/BE form or EA form or EPF statement
- Recent copy of home and office utilities bills
- 1 certified copy of I/C (front and Back)
- 1 passport-sized photograph
- 1 certified copy of latest income tax B/BE form or EA form or EPF statement
- Business Documents
- Sole-proprietor and Partnership
- Business Registration Form issued by SSM
- Business License by Local Authority
- Latest business premise’s tenancy agreement/S &P agreement/land title
- Photograph of the business premises
- Other relevant documents to support the application such as endorsement letter from appointed ATOM Consultant/Associations.
- Private Limited Company
- M & A and Business Incorporation
- Form 24, 44 and 49 (latest annual returns)
- Latest 3 months bank statement
- Latest audited account/management account
- Latest business premise’s tenancy agreement/S &P agreement/land title
- Photograph of the business premises
- Other relevant documents to support the application such as endorsement letter from appointed ATOM Consultant/Associations.
* This is the non-exhaustive list of documents subject to the assessment of the submitted loan application.
Frequently Asked Questions
Malaysian citizens aged 18 to 60 years.
a. Renovation/Upgrading of business premise.
b. Purchase of Machine & Machineries
c. Working Capital (not exceeding RM20,000 or 20% of the loan margin)
RM30,000 to RM100,000
Maximum 15 years.
3% per annum monthly rest basis
Payment shall be made in the following manners:
- JomPay services (Preferred option) via ATM or Internet Banking or Touch ‘n Go eWallet
- Cash/Cheque payment via cash/cheque Deposit Machine with payment option under KOJADI’s bill payment
- At KOJADI payment counter
Remarks: Fees and charges may be imposed for cheques in the future without notice.
KOJADI requires a guarantor to guarantee the repayment of the loan extended to you
Yes, the applicant is required to become a member of KOJADI