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Keeping Your Business Out Of  Trouble And On Track

Issues 5


Pupil admission as Advocates and Solicitors of High Court of Malaya.

Location : Mahkamah Tinggi
Kuala Lumpur

Marketing team

Watching Movies

Location : 
MBO Cinemas Galaxy Ampang

Mesyuarat Agung Permulaan Koperasi Ibnu Khalid Kuala Lumpur Berhad

Location : Cubic World@Plaza 41, Level 3 (1st Floor), Pusat Beli-Belah Pandan Kapital


Need Money Help?

Our current way of life, it is almost impossible not to have clean record of not borrowing. Borrowing in the wider sense of taking loan from another person either natural person or corporation licence to lend money.

Taking loan is not an easy decision. One has to balance one’s needs against ability to repay. It is neither easy for the lender to part with his money unless there is very high certainty for the borrower to return the money. As risks are high for both parties, it has now become almost improbable not to put the transaction in writing with all the terms attached to it.

A Loan Agreement is a contract between a borrower and a lender which regulates the mutual promises made by each party. It defines the terms of a loan which is repayable with interest over a fixed term (Conventional Loan).

Prior to entering into a loan agreement, the potential borrower first makes representations about his affairs surrounding his character, creditworthiness, cash flow, and any collateral that he may have available to pledge as security for a loan. These representations are taken into consideration and the lender then determines under what conditions, if any, they are prepared to advance money.
We have always been under the impressions that only the lender has to worry of borrower’s payment ability. Mind you, borrower has also to be mindful of which lenders to be selected. The normal feature a borrower has to look for in a lender is the interest charge. Of course lowest interest in town is the most preferred. With stiff competitions in the lending business, lenders also offer flexi payment which indeed if selected properly would offer some benefit to the borrower. On top of that, prepayment term is also one of important item to consider.

It is not unusual especially for business owners to obtain loan on a short period thus the prepayment term or early settlement term is very crucial in order to avoid paying higher penalty.

In case of uncertainty, you, as the potential borrower may also consult your solicitors’ opinion on the loan terms. Seek help and your solicitors will be more than willing to help you get connected to the right lenders.

Note : We are panel solicitor for various financial institution/bank and can connect you to the right financial institution for your financial needs.