Credit Guarantee Corporate Malaysia Berhad offers Direct Access Guarantee Scheme (DAGS), which allows an applicant to apply for credit facility directly through the Corporation’s branches nationwide. The Corporation has also developed a delivery channel for DAGS known as iDAGS through the Corporation’s website, namely iGuarantee.
All Malaysian owned and controlled businesses with net assets or shareholders’ funds between RM50,000 and RM10 Million (for manufacturing sector) and up to RM5 Million (for other sectors).
All viable business activities are eligible to apply.
The financing shall be in the form of Overdraft, Fixed/Term Loan, and Tradelines, or any other form of financing as determined by the Corporation from time to time.
The guarantee cover and maximum interest rates are as per the following schedule:
||Interest Rate (BLR Plus)
|Bankers Acceptance (BA)
||: 1.0% per annum Acceptance Commission
|Letter of Credit (LC)
||: As per ABM rulings
|Bankers Guarantee(BG)/Shipping Guarantee(SG)
||: 0.05% per month or 0.6% per annum
|Trust Receipt (TR)
||: BLR + 1.0% per annum
Financing Institution may impose other charges (including penalty interest rate and late charges for defaulting accounts) on the accounts as allowed by Bank Negara Malaysia (BNM) and Association of Banks Malaysia (ABM).
The minimum financing per application is RM50,000 and the maximum is RM1,000,000 or any other amount as determined by the Corporation from time to time.
The maximum tenure for the financing is up to 5 years. However, where Term Loans are guaranteed for asset acquisition, the maximum tenure is up to 8 years. Furthermore, the Overdraft and Tradelines are subject to annual review.
Guarantee Cover ranges between 30% and 100% depending on requirements of the Financing Institution