PENJANA SME Financing Scheme

PENJANA SME Financing Scheme

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PENAJA SME Financing Scheme

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PENJANA SME Financing (PSF) Scheme

 

We are pleased to announce our participation in the PENJANA SME Financing (PSF) Scheme where we lend our support to local SME businesses which are adversely impacted by COVID-19. The financing made available under the HLB PSF scheme is available to all SMEs as part of their business recovery and continuity journey. 

Key Features

Scheme Name

PENJANA SME Financing (PSF) Scheme

Eligibility

  • Malaysian SME* that are adversely impacted by COVID-19; and
  • Business registered with the Companies Commission of Malaysia (CCM), authorities/district offices in Sabah and Sarawak or statutory bodies for professional service providers;
  • SMEs with no credit / borrowing history may apply.

 

*Based on the definition of SME as per SME Corp Malaysia www.smecorp.gov.my

Purpose of Financing

Working capital only

 

Note: Financing is not allowed for refinancing of existing facility granted by HLB or other participating Banks

Financing Rate

Up to 3.50% p.a.

Financing Limit

Maximum of RM 500,000 per SME.

Note: The final approved financing limit granted is subject to credit assessment by the Bank.

Facility Type

Term Loan

Financing Tenure

Up to 5 years

Collateral

No collateral needed

Availability Period

Up to 31 March 2021 or upon exhaustion of funds (whichever is earlier)

Documents Required

1)     Business registration documents

2)     Latest 6 months bank statements

3)     Financial statements (audited and / or management)

4)     Copy of IC of directors / partners / shareholders / guarantors

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.

 

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