Features & Benefits
Term Loan for Working Capital.
No Collateral Required.
Loan Amount of RM 50,000 Up To RM 400,000.
Loan Tenure Up to 5 years
Guaranteed by Government-Funded Scheme
- Sole Proprietorship, Partnership, Limited Liability Partnership, Private Limited Company (Sdn Bhd) that are classified as SME under National Entrepreneur and SME Development Council (NESDC) definition.
- Malaysian-controlled or Malaysian-owned companies registered in Malaysia with at least 51% shareholding
- Annual turnover of RM500,000 and above
- Minimum 3 years in similar business operation
- Meets all CGC eligibility requirements.
| Description / Service | Charges / Fees* |
|---|---|
Termination Fee for cancellation of loan prior to loan disbursement | RM2,000.00 |
Late payment charge | 1% pa on the loan amount in arrears. |
Stamp Duties | As per Stamp Duty Act 1949 (revised 1989) |
Legal Fees | As per scale in the Solicitor’s Remuneration Order (SRO) |
Miscellaneous Fees | Miscellaneous Fees including but not limited to online IBG payment, IBG payment via ATM machine, cheque processing fee and any other fees or charges that may be imposed by the respective relevant authorities from time to time with prior notice |
Default Rate (default or non-payment on 2 consecutive payments due) | BLR + 8.00% p.a. |
| Early settlement charges | Guarantee Fee paid by the Bank for the year |
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