ANNOUNCEMENT
Financing Facility to assist Malaysian SMEs affected by COVID‑19
1
PENJANA Financing
RHB is a participating bank for PENJANA SME Financing (PSF) and PENJANA Tourism Financing (PTF) with a total allocation of up to RM50 million for each scheme. Our main objective is to sustain business operations and assist SMEs who are adversely impacted by COVID‑19.
| PENJANA SME Financing (PSF) | PENJANA Tourism Financing (PTF) |
| Objective | |
| To help alleviate the short-term cash flow problems faced by SMEs* due to COVID‑19 and MCO | |
| Eligibility Criteria | |
|
|
| Type of Financing | |
| Term Financing ONLY | |
| Max. Financing Amount | |
| RM 500,000 | RM 300,000 |
| Financing Rate | |
| 3.5% p.a. (fixed rate) | 3.5% p.a. (fixed rate) inclusive of 1% guarantee fee (Absorbed by RHB) |
| Financing Tenure | |
| Maximum 5.5 years (inclusive of 6 months moratorium on principal and interest/profit; interest/profit is accrued, non-compounded) | Maximum 7 years (inclusive of 6 months moratorium on principal and interest/profit; interest/profit is accrued, non-compounded) |
| Fees | |
| No Legal Fees | No Legal Fees |
| Available of Fund | |
| Up to 31 December 2020 or exhaustion of fund, whichever is earlier | |
*SME 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.
Note: For further details on the benefits, exclusion and terms and conditions of the product, please refer to the Product Disclosure Sheet (PDS) and Letter of Offer (LO).
Note: For further details on the benefits, exclusion and terms and conditions of the product, please refer to the Product Disclosure Sheet (PDS) and Letter of Offer (LO).
Drop us your details below
and we’ll be in touch!
and we’ll be in touch!
Applications for the PSF and PTF will be accepted
starting August 2020 onwards.
2
RHB BizPower/-i Relief Financing
Designed to help you to restore your business and get it back on track.
Interested SMEs can access the following RHB BizPower/-i Relief Financing with RHB:
Objective
Alleviate short-term cash flow problems faced by SMEs adversely affected by the COVID-19 outbreak
Eligibility
Malaysian SMEs1,2 adversely affected by COVID-19 with at least 51% shares held under Malaysians
Purpose of Financing
Working capital
Financing rate
From 4.75% p.a to 6.45% p.a.
Financing amount
Up to RM1.0 million per SME
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.
Financing Tenure
Maximum 7 years (inclusive 6 months moratorium on principal only)
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.
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.
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3
As your trusted ally, we’re committed to keep your business running
With the new normal in full swing, we as your bank are working round the clock to ensure your business continues to thrive as usual, only even better.
We are initiating special collaborations with our partners to help SMEs meet the challenges of the new normal and to preserve everything that you’ve worked hard for.
Our collaborating partners:
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We’re here with you every step of the way.
If you need any other form of financial assistance for your business, reach out to us by filling up the form below.
