What are business and individual loans?
Business loans are a source of finance that is used to help a company get off the ground, manage daily business activities or take their next step. These loans are specifically designed for companies that need to make substantial purchases to develop their company or find themselves in need of extra funding to cover an increase in outgoings.
Individual loans, particularly general-purpose loans, are flexible financial solutions intended for personal use. These can range from consolidating debt to funding large purchases or covering unexpected expenses.
Trive Bank offers the most appropriate financial products for your company or personal needs, tailored to your unique circumstances.
What different types of loans are available?
Trive Bank currently offers the following products:
- Installment Loan
- Spot Loan
For more details, please visit our Services page.
How much can I borrow?
The amount you can borrow with a business or individual loan depends on the circumstances of your business or personal financial situation, the type of loan you choose, and the term of that loan. Trive Bank will evaluate your application and inform you about the approved amount, tenor, and pricing after reviewing it.
What documents should I submit when applying for a loan?
For a business loan, you generally need to submit the company’s last 3 years’ financial statements, credit rating/score (if available), collateral details, and legal documents of the company.
For an individual loan, the requirements may include proof of income, identification documents, and possibly credit score details.
Trive Bank reserves the right to require additional documents during the application process.
How do I receive the funds?
Funds will be transferred to your loan account.
Is there any fee or advance payment deduction from the loan amount approved?
No. The full amount approved will be credited into your loan account.
What if I can’t make my repayments in a timely manner?
If you have difficulties in repaying your loan, the first step is to inform us of your circumstances. Trive Bank may help you arrange more flexible conditions for your monthly repayments.
Do I have to pay the Government Service Tax?
No. Government Service tax will NOT be imposed for this Loan facility.
How much is the Stamping Fee?
Stamping fee is exempted between non-resident and the Bank.
Is there Insurance/Takaful coverage for this Facility?
Insurance / Takaful coverage is not available at the moment.
Where can I get more information?
Our experienced team is here to provide you with exceptional service in meeting your needs. You can reach us via email or call us during business hours from 09:00 – 17:00 (GMT8+) excluding weekends and public holidays. Email: support@asia.trivebank.com Phone: +6087-584877
