Malaysia

ANNOUNCEMENT

Financing Facility to assist Malaysian SMEs affected by COVID-19: Special Relief Facility 2020

To assist businesses and households impacted by the COVID-19 outbreak, Bank Negara Malaysia (BNM) is allocating 2.0 billion under the BNM’s Fund for SMEs.


Interested SMEs can access the following SRF 2020 facility with RHB:


Special Relief Facility (SRF 2020)
Fund AllocationRM2 billion
ObjectiveAlleviate short-term cash flow problems faced by SMEs adversely affected by the COVID-19 outbreak
EligibilityMalaysian SMEs[1] adversely affected by COVID-19 with at least 51% shares held under Malaysians
Purpose of FinancingWorking capital
Financing rate3.75% p.a.
Financing amountUp to RM1.0 million per SME
Guarantee Cover80% of the financing amount by Credit Guarantee Corporation Malaysia Berhad (CGC)
Financing Tenure5.5 years, including 6 months moratorium on repayments
Availability PeriodFrom 6 Mar 2020 to 31 Dec 2020 or exhaustion of the RM2.0 billion fund whichever is earlier

[1] SME definition by SME Corp, with at least 51% shares held by Malaysians.


For more information logon to bnm.my/SMEstimulus or visit our Commercial Banking Business Centres or call 03-9206 8118


An initiative by:

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