LG Puricare Rental Checklist

Business Type Individual Sole Proprietor & Company Listed Company

Partnership

Contract / SOF Individual Contract Individual Contract Business Contract Business Contract
(Chop & Sign by Director only) (Chop & Sign by Director or (Chop & Sign by Director or Authorized
Authorized person-with authorized person-with authorized letter)
letter)

Identity Document - Mykad - Form E/D - Form 9/13,24,44, 49 - Form 23

- Credit /Debit Card Image - Director Mykad (Owner)
(Optional) - Quotation or Purchase Order
- Ipay88 (Chop & Sign by Authorized
person)
- Credit /Debit Card Image
(Optional)
- Company Act 2016,Sec 58/51 - Quotation & Purchase Order
- Quotation or Purchase Order (Chop & Sign by Authorized
(Chop & Sign by Authorized person)
person)
-Credit /Debit Card Image
(Optional)

- Form 9 (Certificate of Incorporation), Form 13 (Certificate Of Incorporation On Change Of Name Of Company),Form 24 (Certificate of Incorporation), Form 44(Registration address for the co.),
Form 49 (Statement of Particulars (who is director, manager and co.)
- Old Firm only have Form 49, New Company Act 2016,Sec 58 is replacement of Form 49.
LG Puricare Rental Checklist
Business Type Individual
Financial Approval CTOS Score :
- Score above 651, Auto
Approved (Limited to 5 Units)
- Zero Score  CIC Prechecked
- Below 650 Score, Auto Rejected
CIC Precheck additional doc :
- Lastest 3 mths salary slip
- OR lastest 3 mths bank statement
- Approved Net Income > 2.5K MYR
& Commitment Ratio < 20%
- Limited 2 units only
- No Legal cases
OR
- Approved with 6 months
prepayment
- No Legal cases
Sole Proprietor Partnership Company Listed Company / Corporate Acc
Sole Proprietor : Partnership :
Base On Director CTOS SME Score CTOS SME Score
CTOS Score - Auto Approved > - Auto Approved > 270 - Auto Approved.
- Score above 651, 270 (Refer Rules 1) - Limited 10 units for 1st Order
Auto Approved - Below 269  CIC - Limited 10 units for 1st Order - All Requirement product to be
(Limited to 5 Prechecked - All Requirement product to be install at business address
Units) install at business address Letter
- Zero Score  CIC
Prechecked - Unlimited units if good
- Below 650 Score, Below 269 or Zero score : paymaster after 6 months
Auto Rejected - Refer to company - More than 10 Units Special
paid-up capital & years of Request Required from LGEP.
company establish
(Rules 2) Any Legal cases incur will require
company director for Personal
CIC Prechecked additional doc : Any Legal cases incur will require Guarantor & IC copy
- Lastest 3 mths saving account / current company director for Personal
account Guarantor & IC copy
FOR ALL CORPORATE (B2B) RENTAL PRODUCT INSTALLATION REQUIREMENT
- Approved Net Income > 2.5K MYR &
i. All Requirement product to be install at business address. (Must be
Commitment Ratio < 20%
same as Business address in SSM)
- Limited 2 units only with 1st Order ii. Installation at any branch, need to provide authorise letter issue by
- No Legal cases company with authorise approval plus company chop or Local Counsel
OR License.
- Approved with 6 months prepayment iii. Any other location besides (i) & (ii) will not allowed but subject to
- No Legal cases
LGEP approval.
CORPORATE (B2B) RENTAL RULES 1 (For Good and above CTOS Score)

i. Company with CTOS Score above 270 will auto-

approved with maximum 10 Units in first order.
ii. Company with CTOS Score below 269 or no score
request follow CORPORATE (B2B) RENTAL RULES 2.

Continuous Additional Unit Criteria (Either One)

Order
FOR ALL CORPORATE (B2B) RENTAL PRODUCT INSTALLATION REQUIREMENT Advance 6 months Min 6 months
i. All Requirement product to be install at business address. (Must be
payment Good Paymaster
same as Business address in SSM)
ii. Installation at any branch, need to provide authorise letter issue by
company with authorise approval plus company chop or Local Counsel
Maximum Units Unlimited Unlimited
License.
iii. Any other location besides (i) & (ii) will not allowed but subject to LGEP
approval.
CORPORATE (B2B) RENTAL RULES 2 (For Low CTOS Score)

Paid Up Capital Years of Max Unit(s) for 1st Additional Unit Criteria (Either One)
Establish Order
a. Advance 6 months payment (For both b. Min 6 months Good Paymaster
New & Existing Contract)

≥ RM 500k >3 10 Units Unlimited

≤3 5 Units Unlimited

≥ RM 400k >3 8 Units √ √

≤3 4 Units √ √
≥ RM 300k >3 6 Units √ √
≤3 3 Units √ √
≥ RM 200k >3 4 Units √ √
≤3 2 Units √ √

>RM 50K >3 2 Units √ 𝑋

≤3 1 Units √ 𝑋

<RM 50K All 1 Units √ 𝑋

RISK MANAGEMENT

Document Risk
Approved
Verification Assessment
Reject if : Reject if :
a. Identity Document not a. Credit checking Failed
attached (i.e : I/C or Company
doc.)
b. SOF not properly signed / not
clear.