Term Loan / Term Financing-i for Working Capital
Loan / Financing Amount of RM 20,000 up to RM 200,000
Guaranteed by Government-Funded Scheme
No Collateral Required.
Facility Tenure up to 5 years
No Collection of Financial Documents
- Selected existing-to-bank customers only
- Sole Proprietorships, Limited Liability Partnerships, Partnerships, Professional firms, and Private Limited Companies (Sdn Bhd)
- Malaysian-controlled or Malaysian-owned companies registered in Malaysia with at least 51% shareholding
- Minimum 6 months in business operation
Years in Business | Effective Interest / Profit Rate* | Financing Amount | Facility Tenure |
---|---|---|---|
6 months ≥ 2 Years | BLR / IFR + 3.25% p.a. | RM20,000 ≥ RM50,000 | Up to 3 years |
> 2 years ≥ 3 years | RM50,000 ≥ RM100,000 | ||
> 3 years ≥ 5 years | BLR / IFR + 2.75% p.a. | RM100,000 ≥ RM200,000 | Up to 5 years |
*Effective Interest / Profit Rate is based on the Bank’s current Base Lending Rate (BLR) / Islamic Financing Rate (IFR) at 6.89% p.a.
Important: Your monthly repayment / payment amount (instalment) and total repayment / payment amount will vary if the BLR / IFR changes.
Illustration of Instalments
Assuming your company has been in business for 4 years (applicable effective interest / profit rate of BLR / IFR + 2.75% p.a.) with a total approved facility amount of RM100,000 with 5 years (60 months) facility tenure:
Effective Interest / Profit Rate* | Monthly Instalment | Total Repayment / Payment amount at the end of 60 months |
---|---|---|
BLR / IFR + 2.75% p.a. | RM2,156 | RM129,379.91 |
Fees & Charges | SME GROW Loan | SME GROW Financing-i |
---|---|---|
Early Settlement Fee | 0.525% on the principal outstanding | Not applicable |
Late Payment Fee / Compensation Charge | 1% p.a. on the amount in arrears | a) During Facility tenure: 1.0% p.a. on the overdue schedule payment
b) After Expiry or Maturity of Facility Tenure: BNM Islamic Interbank Money Market (“IIMM”) rate on the outstanding balance (outstanding principal plus accrued profit) of the Facility
c) Post Judgement: BNM Islamic Interbank Money Market (“IIMM”) rate on the basic judgement sum of the Facility |
Default Rate | 1% p.a. in addition to the prescribed rate | Not applicable |
Commodity Trading Fee | Not applicable | RM3.50 for every RM1.0 million of financing amount on a pro-rated basis |
Stamp Duties Charges | As per the Stamp Act 1949 | As per the Stamp Act 1949 |
Legal Fees | Not applicable | Not applicable |
Processing Fee | Currently, all processing fees are waived for approved Facility. | |
SJPP Guarantee Fee | In the event the Guarantee Scheme(s) for the Facility is approved by Syarikat Jaminan Pembiayaan Perniagaan Berhad (“SJPP”), the Guarantee Fee(s)* payable by you is based on the SJPP’s liability under the risk sharing ratio** with the Bank. The Guarantee Fee(s) is charged by SJPP on a yearly basis based on the principal outstanding and may be subject to such other terms and conditions imposed by SJPP. The Bank will include this Guarantee Fee(s) into the Bank’s EPR such that the Guarantee Fee(s) is paid on an equal instalment basis. | |
Others | Click here (for SME Grow Loan) or the non-exhaustive list of fees and charges, or visit any of our branches for further information. |
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Click here for the non-exhaustive list of fees and charges, or visit any of our branches for further information.