UOB
Covid-19 TRRF by Bank Negara Malaysia
 
Targeted Relief and Recovery Facility (TRRF)
 
We are offering relief and support recovery for SMEs in the services sector affected by reintroduction of containment measures since June 2020, except tourism and tourism-related subsectors.
 
Features/Criteria
Description
Product Type
Available under Term Loan Only. (Working Capital Only)

(Note : Financing should not be used for refinancing of existing credit/financing facilities)
Eligibility / Criteria
Malaysian SME sector in SMEs* in the services sector affected by reintroduction of containment measures since June 2020, except tourism and tourism-related subsectors, such as:
  • Personal services (e.g. repair of computers / household goods, laundry, hairdressing, beauty)
  • Food and beverage services
  • Human health and social work
  • Arts, entertainment and recreation
  • Wholesale and retail trade
  • Business services (e.g. Professional, Scientific and Technical activities, Administrative and support service activities).
(Note: * i. Based on the definition of SME as approved by the National Entrepreneur and SME Development Council (NESDC) ii. borrowers of Special Relief Facility (SRF), PENJANA SME Financing (PSF) and PENJANA Tourism Financing (PTF) are not eligible for TRRF.
Financing Size
Maximum financing amount of up to RM500k per SME;

(Note: The above is applicable for companies for SMEs with common shareholders of > 20% shareholding)
Tenure
Maximum tenure of up to 7 years, with at least 6 months of moratorium on monthly instalment
Financing Rate
Financing rate of up to 3.5% per annum (inclusive of guarantee fees);
Guarantee Coverage
Up to 80% guarantee coverage by Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) with 0.5% guarantee fee
Availability
Available from 15 December 2020 to 31 December 2021 or until it is fully utilised (whichever is earlier).
 
SME customers are advised to contact our Relationship Manager for further information and assistance on the fund. Terms and conditions apply.
 
 
Retail SMEs
Call the Business Engagement Team hotline at
03-2616 6800
(Monday to Friday 9.00am to 5.30pm)
Mid-sized SMEs and corporates
Kindly reach out to our Relationship Managers
 
 
 
Copyright © United Overseas Bank (Malaysia) Bhd. (199301017069 (271809-K)). All Rights Reserved.