BizJamin Scheme or Enhancer is to assist entrepreneurs who have viable projects but lack of collateral to obtain the required financing amount from Financing Institutions.chat chat

The annual lending rate is up to 2% above the Base Lending Rate (BLR) of the lending institutions.

* Lending institutions are free to quote the lending rate if the guarantee cover is 50% or less.

• Unsecured Portion - 2.40% to 4.00% per annum
• Secured Portion - 2.10% to 3.20% per annum

SME with higher risk profiles will be charged higher guarantee fees, whereas SMEs with lower risk profiles will be charged lower guarantee fees. The range observed is to match borrower's credibility in terms of risk rating with the pricing of the guarantee.

i) Payment of Guarantee Fee

New Letter of Guarantee (LG) – Payable upon request for LG by Financial Institution (FI) but subject always to full payment of the Guarantee Fee & GST.

Anniversary LG - Payable on or before LG anniversary date, together with the annual Guarantee Fee & GST.

ii) Refund of Guarantee Fee

Refund of guarantee fee and GST will be pro-rated on monthly basis and applicable for LG cancelled or amended by CGC based on the unutilized period of the LG.
The utilized period is calculated from the month of LG/anniversary LG until the month of receipt of cancellation/ approval of amendment by CGC.