Products & Services
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Asset Based Financing
ABF -
Financing Factoring
Factoring -
Sharia
ABF
Asset Based Financing
Financing facility for the purchase of selective productive assets such as heavy equipment and commercial vehicles as the main collateral, which is provided to meet investment/ working capital needs of Debtor. ABF Radana Finance offers competitive interest rates starting from 15% Eff per annum.
- Finance Lease
Financing facility in the form of providing goods to be used by the Debtor for a certain period of time, which substantially transfers the benefits and risks of the goods being financed.
- Instalment Financing
Financing facilities for goods and/or services purchased by the Debtor from a supplier of goods and/or services with using payment in installments.
- Sale and Leaseback
Financing facility in the form of the sale of asset by the Debtor to Radana Finance including leaseback of the asset to the same Debtor.
Benefits :
- Cashflow efficiency to increase Assets
- Get additional working capital from assets owned by Product Sales & Lease Back
- Debtors will benefit from insurance protection from vehicles that are used as collateral.
Risk :
- Risk of withdrawal of the debtor unit in the event of negligence in terms of making installment payments in accordance with the agreement agreed by Radana Finance and the Debtor
- Reputation risk is in the form of recording of Financing History in the Financial Information Service System (SLIK) when Consumers are in arrears in payments.
- The risk of additional costs that arise in the event of delays or things that are not in accordance with the financing agreement in installment payments (collateral execution costs and penalties).
Kalkulator
Factoring
Financing Factoring
Financing facility for entrepreneurs and corporations in the form of purchasing the company’s invoices with the certain tenure. Factoring Radana Finance offers competitive interest rates starting from 18% Eff per annum.
Benefits of Factoring
1. To quickly manage the cash flow
2. To build trust and business cooperation
3. To simplify invoice/ AR management
4. To increase production capacity
Risk :
- Risk of withdrawal of the debtor unit in the event of negligence in terms of making installment payments in accordance with the agreement agreed by Radana Finance and the Debtor
- Reputation risk is in the form of recording of Financing History in the Financial Information Service System (SLIK) when Consumers are in arrears in payments.
- The risk of additional costs that arise in the event of delays or things that are not in accordance with the financing agreement in installment payments (collateral execution costs and penalties).
Sharia
- Sharia Explanation
- Radana Finance provides financing facilities based on Sharia principles to assist the business of Radana Finance Customers in meeting the needs of Working Capital and Investment.
- Various types of contract schemes
- Qardh and Wakalah Bil Ujrah for Invoice/Account Receivable Financing (Working Capital)
- Murabahah for Asset Base Financing, Sparepart Financing, and General Over Houl Financing
- Ijarah Muntahiya Bit Tamliq (IMBT) for Sale & Lease Back Financing
- Sharia Benefits
- With the availability of types of contracts that can be tailored to customer needs, this can be used as a facility that can make it easier for customers to be able to stick to the cash flow they already have.
- The application of Islamic Sharia principles in the rules for managing customer funds will benefit the world and the hereafter and can realize the integrity of kaffah Muslims.
- Sharia Risk
- Reputational risk in the form of recording of Financing History in the Financial Information Service System (SLIK) when the Consumer is in arrears in payment.
- The risk of additional costs that arise in the event of negligence in terms of payment responsibility on the part of the Consumer will result in Ta'widh fees or compensation.
