Eligibility Criteria
- Business entities that are SMEs per SME Corporation Malaysia guidelines* with at least fifty-one (51%) shareholding held and controlled by Malaysian
- Business registered with either :
i. Companies Commission of Malaysia either under the Registrar of Business Act (1956) or Companies Registration Act 1965 and/or the Companies Registration Act 2016 or Limited Liability Partnership Act 2012; or
ii. Respective authorities or district offices in Sabah and Sarawak; or
iii. Respective statutory bodies for professional services providers - Business must be in operation at least three (3) years.
- Business with good credit track record / history
Objective
Helping viable SMEs in all economy sector to gain access to financing from the Bank by providing guarantee coverage as an alternative collateral solution.
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Financing Limit
Depending on the purpose of financing and the SJPP Guarantee Scheme coverage the limit ranges from RM100,000 up to RM10 Million per SME*
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Financing Rate
Depending on purpose of financing, credit facility type and the SJPP Guarantee Scheme coverage percentage (%) the financing rate is up to 2.0% per annum above the Bank’s Base Lending Rate (BLR)*
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Guarantee Coverage
- The SJPP Guarantee Scheme coverage ranges between 70% to 80% of the financing limit approved by the Bank and to be renewed on annual basis.
- Tenure of guarantee coverage up to the financing tenure or until 2035, whichever is earlier. For annual renewal of SJPP Guarantee, minimum guarantee coverage of twelve (12) months is required.
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Financing Purpose
- Working Capital Financing
- Capital Expenditure Financing
The SJPP Guarantee Schemes does not provide any guarantee coverage for refinancing of existing credit facilities applications
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Guarantee Fee
- Fee for the guarantee coverage provided ranges between 0.5% per annum up to 2.0% per annum, against the guarantee coverage amount and minimum fee of RM 500 may be imposed depending on the SJPP Guarantee Scheme.
- Payment of guarantee fee is payable upfront on annual basis.
- Cancellation fee of up to RM100 may be imposed depending of the SJPP Guarantee Scheme.
*Subject to Bank’s and SJPP credit evaluations of SMEs.
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- SJPP Working Capital Guarantee Scheme 2 (WCGS)
For SMEs that lacks collateral and / or require alternative collateral solutions to increase financing access from the Bank. - SJPP Government Guarantee Scheme PRIHATIN (GGS)
For SMEs that are facing negative impact due to COVID-19 outbreak. - SJPP Penjana Tourism Financing Guarantee Scheme (PTF)
For SMEs in the core tourism and tourism related sectors impacted by the COVID-19 outbreak that are obtaining financing under the PENJANA Tourism Financing Package.
