IF THERE IS a LATE PAYMENT BY THE SUNWAY BUSINESS UNIT, DO YOU keep CHARGING the discount fee?
No. If you factor a invoice and the buyer pays Sunway Credit late, we do not charge penalty fees or discount fees for the time period beyond the stipulated payment date.
WHAT IS THE MINIMUM advance amount for factoring?
The minimum advance amount is RM10,000.
CAN I BUNDLE THE INVOICES FOR A SINGLE SUBMISSION?
Yes, we accept bundled invoices.
CAN I DO PARTIAL INVOICE FACTORING?
As part of the invoice factoring submission, you'll indicate the advance amount. The minimum advance amount is RM10,000 and the maximum amount is 90% of the invoice value.
HOW DO I KNOW THE SUNWAY BUSINESS UNIT WON’T intentionally delay payment?
Sunway Credit operates independently of other Sunway business units. These business units want to have a good relationship with their vendors, and it's in their interest for the vendors to do well.
Part of the reason Sunway Credit launched is to help vendors of Sunway Group - so vendors can grow faster or operate during difficult times
Furthermore, if the Sunway business unit pays late, Sunway Credit does not charge any fees during the time period occuring after the payment due date.
IS THERE AN ANNUAL FEE TO HAVE AN ACCOUNT?
No, there is not any annual fee to have an account.