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FINANCING PROGRAM
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FPDSB provides loan facility to companies that are eligible to participate in the forest plantation programme.
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The quantum of loan given to a successful applicant is as follows;
Species Rates (RM) per ha In Peninsular Malaysia Rates (RM) per ha In Sabah / Sarawak Rubberwood 10,000 13,000 Forest species and Eucalyptus 8,000 8,000 Bamboo species and Paulownia 10,000 10,000
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The terms and conditions of the soft loan are as follows:
- The original lease agreement is submitted to FPDSB as a security document
- Sales price of 5.0% + 1.0% (Administration and professional service charge fees)
- Memorandum of Deposit (MOD) : 5% from total financing
- The financing period varies by species and includes a grace period and a financing repayment period.
Species Loan Period Rubberwood 13 years Forest species 13 years Bamboo species, Paulownia and Eucalyptus 12 years - Grace period (with yearly compounded interest rate);
Species Grace Period Rubberwood 8 years Forest species 8 years Bamboo species, Paulownia and Eucalyptus 7 years - Repayment period (with daily compounded interest rate);
Species Repayment Period Rubberwood 5 years Forest species 5 years Bamboo species, Paulownia and Eucalyptus 5 years