SME Assistance Guarantee Scheme

Eligibility:

  • SME with shareholders fund below RM3 million
  • SME that are not affiliates and subsidiaries of GLCs & PLCs
  • SME owned by Malaysian (at least 51% shareholding) residing in Malaysia
  • SME adversely impacted by the current economic slowdown

Maximum loan amount:

  • Aggregate RM500K per SME

Maximum tenure:

  • 5 years

Purpose of financing:

  • Working capital
  • Project financing
  • Capex
  • Shall not be used to refinance existing credit facilities

Type of facility:

  • Term Loan and Overdraft

CGC Guarantee:

  • 80% of guarantee cover on principal and normal interest
  • Risk on remaining 20% borned by FI

Proposed Interest Rate:

  • Pegged to the current Bank’s BLR at 6.00%
  • Pricing based on the number of years SME is in operation as follows:
Relationship with AmBank Good CCRIS averaging 0 to 1 MIA Satisfactory CCRIS averaging 2 to 3 MIA Poor CCRIS ≥4 MIA
Strong supporter with multi facilities, long relationship* Low Risk
0% + BLR		 Moderate Risk
1.0% + BLR		 High Risk
1.5% + BLR
Average with limited facilities** Low Risk
0% + BLR		 Moderate Risk
1.0% + BLR		 High Risk
1.5% + BLR
New Customer Moderate Risk
1.0% + BLR		 High Risk
1.5% + BLR		 Decline