CapitalX By Boost Credit
Short-Term Financing
For SMEs
Get quick access to financing up to RM2,000,000 with fast disbursement in just 48 hours
Contact UsKey Terms & Benefits
We can help you achieve the impossible
Financing Amount
Up to RM2,000,000
Financing Tenure
Up to 60 days (One-time repayment)
Profit Rate
1.5% Monthly
Shariah-Compliant
Based on the concept of Commodity Murabahah
WHY CAPITALX?
Unexpected expenses are a part of running a business. With CapitalX, you will receive an immediate financing decision and disbursement within 48 hours with one-time repayment of up to 60 days.
CapitalX is the perfect short-term solution that can finance your business until it is ready to run in full force!
Know More
| Entry Age | 18 - 65 Years Old |
|---|---|
| Applicant Citizenship | Malaysian or Permanent Resident of Malaysia |
| Nature of Business | Shariah-Compliant |
| Financing Type | Shariah |
|---|---|
| Financing Amount | Up to RM2,000,000 |
| Financing Tenure | Up to 60 days (One-time repayment) |
| Profit Rate | 1.5% Monthly |
| Wakalah Fee | Up to 1.0% applied on the financing amount drawndown, (subject to your credit assessment) |
| Guarantor | Required |
| Collateral | Per Case Basis Varies For Each Application |
| Disbursement Method | Directly Credited Into Bank Account Registered |
|---|---|
| Disbursement Turnaround Time | 48 Hours 2 Working Days Upon Approval |
| Disbursement Amount | After Deducting All Fees & Charges Payable To Boost Credit |
| Repayment | Direct Debit Selected In FPX |
| Due Date | One-Time Repayment At The End Of Term |
| Late Payment Charges | Please refer to your KCT contract for details on late payment charges. |
| Early Full Settlement | Written Notice Required |
What is this product about?
- CapitalX is a working capital financing product provided by Boost Credit (formerly known as Aspirasi) that enables more efficient management of cash flow for business owners through quick and easy financing, disbursed within 2 working days upon approval.
- Please refer to the Terms and Conditions outlined in your signed contract for this product.
Is this product licensed or approved by any regulatory authority?
- This product is currently not subject to any licensing or regulatory requirements.
- This product is based on the concept of Commodity Murabahah as pronounced by our Shariah advisors.
What do I get from this product?
- Financing amount: Up to RM2,000,000, subject to Boost Credit's approval and based on applicable credit assessment.
- Tenure: 7 to 60 days (One-time repayment)
- Profit rate: 1.5% Monthly
- Wakalah Fee: Up to 1.0% applied on the financing amount drawndown, (subject to your credit assessment)
Do I need a guarantor or collateral?
Guarantor is required, however collateral is not required.
Contact us
Reach out to us for more details
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