HLB/HLISB Loans/Financing Deferment Program

Main features of this Program

  • Offers automatic 6 months deferment on loans / financing repayments from 1st April 2020
  • Applicable for all SMEs (per BNM definition) with loans / financing not in arrears of more than 90 days
  • Only for Malaysian Ringgit denominated loans / financing
  • Customers are automatically enrolled into this Program unless they opt-out

 

Corporate/non-SME customers can apply for rescheduling & restructuring of loans (R&R) through their Relationship Managers and such request will be evaluated on a case-by-case basis.

 

If you are unsure of your eligibility for this Program or if you require further information, please refer to the FAQ or you may contact HLB Contact Centre at 03 7626 8899 or your respective Relationship Manager / Community Business Manager. Alternatively, you can email us at sme@hlbb.hongleong.com.my

 

 

Bank Negara Malaysia Special Relief Facility

HLB and BNM are also providing a Special Relief Facility to support SME customers through this challenging time.

Key Features

Guidelines

Scheme Name

BNM Special Relief Fund – COVID-19

(effective 6 March 2020)

Eligibility

  • Malaysian SME (per BNM definition) adversely affected by COVID-19
  • Business registered with the Companies Commission of Malaysia (SSM), authorities/district offices in Sabah and Sarawak or statutory bodies for professional service providers;
  • Malaysian residing in Malaysia with minimum 51% shareholding in the SMEs;
  • Business shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%.

Purpose of Financing

Working capital

Note: Financing shall not be used to refinance existing credit / financing facilities.

Financing Rate

Up to 3.50% p.a. (inclusive of guarantee fee of 0.5% p.a.)

Financing Limit

  • Max of RM1 million per SME, inclusive of financing to related companies that have common shareholder(s)*
  • Related SMEs with common shareholder(s) are now allowed to have separate limits on the maximum amount of financing under BNMs Fund for SMEs, subject to each SME having separate workforce
  • The maximum aggregate financing amount of RM5 million per SME under BNMs Funds for SMEs does not apply to applications under this BNM Special Relief Fund 

Guarantee Coverage

Up to 80% guarantee coverage by CGC / SJPP

Facility Type

Term Loan

Maximum Tenure

Up to 5.5 years from the date of the first drawdown (including a moratorium period of 6 months on both principal and interest/profit payments)

Collateral

No collateral shall be required

Availability Period

6 Mar 2020 to 31 Dec 2020

Document Required

  • Min 6 months bank statements
  • Business registration docs
  • Copy of IC of directors / partners / shareholders

*Note: The final approved financing limit for all applications is subject to BNM approvals.