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COLLATERAL-FREE
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UP TO RM200,000
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UP TO 5 YEARS
Term Loan / Term Financing-i for Working Capital
Loan / Financing Amount of RM 20,000 up to RM 200,000
Guaranteed by Government-Funded Scheme
No Collateral Required.
Facility Tenure up to 5 years
No Collection of Financial Documents
- Selected existing-to-bank customers only
- Sole Proprietorships, Limited Liability Partnerships, Partnerships, Professional firms, and Private Limited Companies (Sdn Bhd)
- Malaysian-controlled or Malaysian-owned companies registered in Malaysia with at least 51% shareholding
- Minimum 6 months in business operation
| Years in Business | Effective Interest / Profit Rate* | Financing Amount | Facility Tenure |
|---|---|---|---|
| 6 months ≥ 2 Years | BLR / IFR + 3.25% p.a. | RM20,000 ≥ RM50,000 | Up to 3 years |
| > 2 years ≥ 3 years | RM50,000 ≥ RM100,000 | ||
| > 3 years ≥ 5 years | BLR / IFR + 2.75% p.a. | RM100,000 ≥ RM200,000 | Up to 5 years |
*Effective Interest / Profit Rate is based on the Bank’s current Base Lending Rate (BLR) / Islamic Financing Rate (IFR) at 6.89% p.a.
Important: Your monthly repayment / payment amount (instalment) and total repayment / payment amount will vary if the BLR / IFR changes.
Illustration of Instalments
Assuming your company has been in business for 4 years (applicable effective interest / profit rate of BLR / IFR + 2.75% p.a.) with a total approved facility amount of RM100,000 with 5 years (60 months) facility tenure:
| Effective Interest / Profit Rate* | Monthly Instalment | Total Repayment / Payment amount at the end of 60 months |
|---|---|---|
| BLR / IFR + 2.75% p.a. | RM2,156 | RM129,379.91 |
| Fees & Charges | SME GROW Loan | SME GROW Financing-i |
|---|---|---|
| Early Settlement Fee | 0.525% on the principal outstanding | Not applicable |
| Late Payment Fee / Compensation Charge | 1% p.a. on the amount in arrears | a) During Facility tenure: 1.0% p.a. on the overdue schedule payment
b) After Expiry or Maturity of Facility Tenure: BNM Islamic Interbank Money Market (“IIMM”) rate on the outstanding balance (outstanding principal plus accrued profit) of the Facility
c) Post Judgement: BNM Islamic Interbank Money Market (“IIMM”) rate on the basic judgement sum of the Facility |
| Default Rate | 1% p.a. in addition to the prescribed rate | Not applicable |
| Commodity Trading Fee | Not applicable | RM4.00 for every RM1.0 million of financing amount on a pro-rated basis |
| Stamp Duties Charges | As per the Stamp Act 1949 | As per the Stamp Act 1949 |
| Legal Fees | Not applicable | Not applicable |
Click here for the non-exhaustive list of fees and charges, or visit any of our branches for further information.
