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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 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:
- Interest rate of 3.0% + 1.0% (Administration charge fees)
- Loan period :Rubberwood spp (13 years), Forest spp (13 years), Bamboo spp, Paulownia & Eucalyptus (12 years)
- Grace period (with yearly compounded interest rate) : Rubberwood spp (8 years), Forest spp (8 years), Bamboo spp, Paulownia & Eucalyptus (7years)
- Repayment period of five years beginning in year 5 (with daily compounded interest rate)