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 Allocation||RM2 billion|
|Objective||Alleviate short-term cash flow problems faced by SMEs adversely affected by the COVID-19 outbreak|
|Eligibility||Malaysian SMEs adversely affected by COVID-19 with at least 51% shares held under Malaysians|
|Purpose of Financing||Working capital|
|Financing rate||3.75% p.a.|
|Financing amount||Up to RM1.0 million per SME|
|Guarantee Cover||80% of the financing amount by Credit Guarantee Corporation Malaysia Berhad (CGC)|
|Financing Tenure||5.5 years, including 6 months moratorium on repayments|
|Availability Period||From 6 Mar 2020 to 31 Dec 2020 or exhaustion of the RM2.0 billion fund whichever is earlier|
 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: