By routing your invoice financing requests through Pantas and leveraging your existing data, no collateral is required.
All costs, fees and necessary information are provided upfront with no hidden charges for you to worry about. Fees are charged on a success basis.
Apply to activate the facility in less than a minute with only two documents required. Once activated, financing receivables only takes one click. Pantas automatically handles everything else!
Financing tenures range from 30 to 120 days with options given for early repayment and partial repayment of principal.
|1 Get pre-approved||
Pantas users are automatically pre-approved based on their billing & invoicing data - where each company receives a tailored facility offer (credit limit & interest rate).
Find out how to get pre-approved if you are new to Pantas or have minimal invoicing data.
|2 Apply to activate||
Submit your application in less than 2 minutes with only 2 documents required!
|3 Get quick financing||
Go to the specific invoice on Pantas and raise a finance request in order to receive up to 80% of the invoice amount in just 2 working days. Unlike traditional invoice financing, no manual document submission is required after pressing a button!
Invoice financing is a broad concept of financing arrangement where it allows companies to finance their early payment on their sales invoices or sales purchases, for goods delivered and/or services completed. This method of financing is ideal for businesses in need of consistent cash flow or cash upfront, especially if the majority of their transactions are on credit terms.
Pantas currently offers receivables financing, i.e financing thats tied to sales invoices. In order to receive financing from Pantas Pre-approved Invoice Financing, users must issue invoices to their customers via Pantas in order to raise an invoice financing request.
Tenures offered range from 30 to 120 days. Currently, pre-approved companies on Pantas are offered a tenure of 90 days. However, each company has the flexibility to request for a shorter or longer tenure period, depending on their needs. Requests for shorter or longer tenure periods will be evaluated on a case-by-case basis by Pantas' financing partner(s).
As part of a limited time offer, the annual Facility Fee is waived! Companies with an invoicing credit line of MYR 100,000.00 and below will be able to activate the automated invoice financing facility for free and enjoy a working capital credit line. Get in touch with us to learn more about the fees for Pantas Pre-approved Invoice Financing.
If you are late in making your repayments, the following fees/charges will be imposed:
Sales invoices issued to Malaysian entities within the last 30 days are eligible to be financed. Overdue invoices that have gone past their due date are also eligible for invoice financing!
If you are not an existing Pantas user or a new Pantas user and want to get access to the invoice financing facility, we require you to import your company's historical invoicing data. We recommend our clients import their company's last 2 years' historical invoicing data* in order to receive the best possible financing offer. If importing the last 2 years of historical invoicing data* is not possible/not available, you can opt to upload the last 12 months or last 7 months instead.
In addition, you can also submit the additional supporting documents (where available) below for a better chance of approval, a larger credit limit, and better terms:
Get in touch with our team and a dedicated customer success officer will personally assist you to get pre-approved in the end-to-end application process.
*Historical invoicing data here refers to accounts receivable & accounts payable data. Take note that the upload of accounts receivable data alone is sufficient to receive a pre-approved offer. However, with more data and supporting documents, users are better positioned to receive the best possible financing offer.
Our financing partner(s) have made the repayment process seamless & convenient. Users of Pantas Pre-approved Invoice Financing make repayments on their borrowed amounts via direct debit or post-dated cheque.
Yes! If you choose to settle the financing early, there are NO fees or charges imposed!
Yes! You can choose to make a partial settlement on the amount borrowed in order to reduce the interest fees that’s accumulated on a daily basis. There are NO fees or charges imposed if you choose to make a partial settlement!
No! With more invoicing data, our financing partner will be able to offer better financing terms, which include lower interest rates and higher credit limits. In addition, by using the facility and making prompt repayments, financing terms can also be re-evaluated based on good track record.
Users can also submit the additional supporting documents (where available) below for a better chance in receiving a larger credit limit and/or better terms:
Users can qualify for a larger credit limit and/or better terms by submitting additional supporting documents supplementing their company's historical invoicing data.
Below are additional supporting documents that a user can submit to stand a better chance to receive a larger credit limit and/or better terms: