• Certified copy of Memorandum and Article of Association (for limited company), or Business Registration (for sole proprietorship/partnership).
• Company profile, with attachments of the company’s directors and management personnel’s resume or CV.
• Photocopy IC (front and back) of all company directors and shareholders.
• Original copy of the contract/purchase order/ invoices.
• A copy of the supplier’s quotation or pro forma invoice, and the relevant catalogue for the products contracted (if applicable).
• Company’s audited accounts for the past three years.
• Company’s bank statements for the past twelve months.
• Copy of registration certificate with the Ministry of Finance (if applicable).
• Copies of current and existing banking facilities (i.e. OD, term loans, LCTR, BG offer letters).

You can factor the invoice upon following the criteria:

• The work/service or progress work completed
• Goods supplied and accepted
• Progress invoice / milestone achieved
• The claimed amount is accepted and approved by contract awarder
• All other conditions fulfilled

You may submit an invoice (that is not more than 30 days old) to Maax Factor after the delivery of goods (complete with the signed Delivery Order) / completion of service and the invoice issued to the customer.

Once you receive the funds, you may utilise them as needed to support your business operations. Your customer will remit full payment on the due date either directly to Maax Factor’s or a Designated Bank Account.

Once the onboarding process are settled, disbursements can be made to your bank account as soon as 3 days from the date of complete document submission.

The following are the applicable charges:

1. Factoring Charge based on the invoice value; and
2. Discount Rate based on the disbursement sum calculated on daily rest basis.

Registered vendors or suppliers on the ePerolehan system may apply for this service. You must also be a SSM registered business/company with majority shareholding by Malaysians.

Once you have invoiced your customer, you need to upload the signed Notice of Assignment in the ePerolehan system to notify that the contract has been factored. Maax Factor will then do the necessary verification and disburse the funds accordingly to your bank account.

Yes, as long as you meet the eligibility criteria, you may apply for this service even if you are a new vendor or supplier on the ePerolehan system.

You can submit invoices that are not more than 30 days old.