BNM Disaster Relief Facility (DRF) 2022
In response to the recent floods, Hong Leong Bank and Hong Leong Islamic Bank would like to announce our participation in the BNM Disaster Relief Facility (DRF) 2022, which aims to alleviate the financial burden of the Microentreprises and Small & Medium Enterprises (MSMEs) affected by the recent floods and enable them to resume their business operations.
| Key Features | |
|---|---|
Scheme Name | BNM Disaster Relief Facility (DRF) 2022 |
Eligibility |
*Based on the definition of SME as per SME Corp Malaysia www.smecorp.gov.my |
Purpose of Financing |
Note: Financing should not be used for refinancing of existing credit / financing facilities. |
Financing Rate |
|
Financing Limit |
*Note: A collective financing limit is applicable for SMEs with common shareholder(s) of equal to or more than 20% shareholding. |
Guarantee Coverage |
|
Facility Type | Term Loan |
Maximum Tenure | Up to 7 years, including a moratorium period of 6 months on both principal and interest/profit payments. |
Collateral | No collateral shall be imposed for financing offered under this Facility. |
Availability Period | Until full utilisation or subject to further decision by BNM. |
Note: The final approval on financing granted is subject to Bank credit assessment and discretion.
SME customers who are interested can apply for this financing scheme through our SME Relationship Managers.
Alternatively, you can leave your contact details by clicking on the I’m Interested button and our SME Relationship Managers will reach out to you.
For more information, please refer to the BNM Disaster Relief Facility (DRF) 2022 FAQ.
