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| Flexi Guarantee Scheme |
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Flexi Guarantee Scheme (FGS) provides guarantee for loans granted under Fund for Small and Medium Industries 2 (FSMI 2), New Entrepreneur Fund 2 (NEF 2) and Rehabilitation Fund for Small Businesses (RFSB). The funds are designed to facilitate greater access to credit for viable Malaysian Small and Medium Industries (SMIs).
Among the main characteristics of the FGS are:
• Guarantee cover ranging from 30% - 80% as required by participating financial institutions.
• Annual guarantee fee, calculated based on the guarantee cover issued and payable in advance. Fees will be borne by
the participating financial institutions.
• Unsecured Portion :-Between 0.8% to 2.15% per annum.
• Secured Portion :-Between 0.5% to 1.85% per annum. |
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