For over a century, through thick and thin, we have
stood by Malaysian businesses. That’s why, we know how important it is to offer a helping
hand and give back to the community now, so that we can all pull through the challenges
ahead, together.
Financial facilities for Malaysian
Small and
Medium-sized
Enterprises (SME) are now
available through our
RHB BizPower/-i Relief
Financing.
It’s our way of helping you to pull through these
unprecedented times. At an interest/profit rate
which ranges from 5.00% p.a. to 7.20% p.a.
these financing facilities are designed to help
with your cash flow problems. Together, we can
weather this storm and put your business back
on track again.
WHY DO SMEs NEED RHB BIZPOWER/-i RELIEF FINANCING?
The BizPower Relief Financing will help to alleviate
short-term cash flow problems faced by SMEs adversely affected by the COVID-19
outbreak to sustain their business operations and safeguard jobs.
SMEs
affected by Movement Control Order (MCO) are also eligible to apply.
PURPOSE OF FINANCING
Working capital
FINANCING RATE
4.75%p.a. – 6.45%p.a.
FINANCING TENURE
Maximum 7 years (inclusive
6 months moratorium on principal & interest/profit; interest/profit is
accrued, non compounded)
WHO IS ELIGIBLE TO APPLY
Open for all Malaysian SMEs
1,2 adversely affected by COVID-19
• |
All SMEs who are new to RHB |
• |
All existing SMEs with RHB |
1SME definition by SME Corp, with at least 51%
shares held by Malaysians.
2SME which
qualify as per SME definition and have been entitled by the National SME
Development Council (NSDC) which outlines the criteria for businesses to qualify
for financial assistance.
GUARANTEE FEE
There is no guarantee fee as it is absorbed by RHB
GUARANTEE COVER
Up to 80% of the financing
amount by Syarikat Jaminan Pembiayaan Perniagaan (SJPP), no other collaterals
required