Green Technology Financing Scheme (GTFS)

Green Technology Financing Scheme (GTFS)

Objective

  • The Scheme aims to promote green technology by availing loans / financing to companies that supply and utilize green technology.
  • The objective of the Scheme is to promote investments in Green Technology which refers to products, equipment, or systems which satisfy the following criteria:
    • Minimises the degradation of the environment;
    • Has a zero or low green house gas (GHG) emission;
    • Safe for use and promotes healthy and improved environment for all forms of life;
    • Conserves the use of energy and natural resources; or
    • Promotes the use of renewable resources

Eligibility Criteria

  • The Scheme is extended to Producers of Green Technology and the Users of Green Technology.
  • Producer of Green Technology – Legally registered Malaysian owned companies (at least 51%) in all economic sectors.
  • User of Green technology - Legally registered Malaysian owned companies (at least 70%) in all economic sectors

Purpose Of Financing

  • Producer of Green Technology - The Scheme granted shall be for the purpose of financing investments in production of green technologies that meets the Scheme objective.
  • User of Green Technology - The Scheme granted shall be for the purpose of financing investments in utilisation of green technologies that meets the Scheme objective.
  • The Scheme is applicable to finance capital expenditure (CapEx).
    • For purchase of equipment, financing is for both new and re-conditioned equipment.
    • FIs can obtain the detailed audit report from MGTC for the verification purposes.
    • Transportation cost may be included in the financing amount for purchase of equipment, from both locally and overseas supplier.
  • The Scheme is also eligible for the purpose of working capital financing related to the green technology project, subject to the necessary credit assessment of the FIs.
    • The maximum loan tenure allowed for working capital is up to only 5 years.
  • Reimbursement for advance payments is allowed under the Scheme, subject to advances made on or after the GTFS certificate date. Any advances made before the certification date is not eligible for reimbursement under this Scheme.
  • Application for the following purposes are NOT eligible under this scheme:
    • For refinancing existing credit facilities; or
    • For financing Research and Development cost.

Tenure

  • Producer of Green Technology - tenure of financing is up to 15 years
  • User of Green Technology - tenure of financing is up to 10 years

Financing Amount

  • Producer of Green Technology - Maximum financing of up to RM50 million per company.
  • User of Green Technology - Maximum financing of up to RM10 million per company.

Eligible Facilities

  • All types of financing facilities under Islamic and Conventional financing.

Guarantee Cover

  • 60% guarantee cover

Duration of Guarantee Cover

  • Producer – 15 years
  • User – 10 years

Guarantee Fee

  • 0.5% per annum

Financing Rate

  • Between BLR + 0.5% to BLR + 2%

Interest Reimbursement by Government of Malaysia

  • 2%

Application Deadline

  • Available until 31.12.2015 or upon approval of financing up to RM3.5 billion, whichever is earlier

For more information, call our Call Centre at 03-5522 3000 or visit the nearest AFFINBANK / AFFIN ISLAMIC branch today.

Retail Internet Banking

Corporate Internet Banking

Contact Us

Call Centre
03-5522 3000

Tariff Charges insert_drive_file
Rates & Charges attach_money
Calculator phonelink_ring