Covid-19 Special Relief Facility (SRF) from Bank Negara Malaysia

Special Relief Facility (SRF), with an allocation of RM10 billion by Bank Negara Malaysia, aims to help alleviate the short-term cash flow problems faced by SMEs adversely affected by the COVID-19 outbreak.

Working Capital

(Note : Financing should not be used for refinancing of  existing credit/financing facilities)

• Available under Term Loan only;
  
  
• Maximum tenure of up to 5.5 years, including a moratorium period of 6 months;
  
  
• Financing rate of up to 3.5% per annum inclusive of guarantee fees;
  
  
• Maximum financing amount of up to RM1 million per SME;
  
  
• Up to 80% guarantee coverage by Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) or Credit Guarantee Corporation (CGC).
  
  
• Available from 6 March 2020 to 31 December 2020.

• Meets the definition of SMEs issued by SME Corporation Malaysia;
  
  
• Adversely effected by disasters as per assessment by BNM or in the areas identified by Agensi Pengurusan Bencana Negara or other competent authorities;
  
  
• 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%; and
  
  
• Malaysians residing in Malaysia that hold a minimum of 51% shareholding in the SMEs.

SME customers are advice to contact our Relationship Manager for further information and assistance on the fund.

Terms and Conditions apply.

An initiative by: