The Bank Negara Malaysia Funded Schemes is part of the Government’s continuous effort to ensure eligible Small and Medium Enterprises (SMEs) in all economic sectors have access to financing at reasonable cost.
Eligibility
Malaysian SMEs that fulfil all of the following criteria:
- Meets the definition of SMEs issued by SME Corporation Malaysia;
- Registered with the Companies Commission of Malaysia (SSM), authorities/district offices in Sabah and Sarawak or statutory bodies for professional service providers;
- Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%;
- Malaysians residing in Malaysia hold a minimum of 51% shareholding in the SMEs; and
- Financing should not be used for refinancing of existing credit/financing facilities
SME Stabilisation Relief Facility (SME SRF)
Providing short-term financial relief and alleviate cash flow constraints.
Purpose of Financing
Working capital (excludes refinancing).
What is the SME Stabilisation Relief Facility (SME SRF)
The facility aims to provide short-term financial relief and alleviate cash flow constraints faced by SMEs during periods of economic disruption.
Tenure
Up to five (5) years.
Interest Rate
Up to 3.75% per annum inclusive of guarantee fee of 0.5%p.a.
Financing Amount
Up to RM750,000.
Guarantee
Guarantees are available from either Credit Guarantee Corporation Malaysia Berhad (CGC) or Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP).
