Guarantee Schemes - 10MPCAPEX

Guarantee Schemes - 10MPCAPEX

Total Fund

  • RM500 million only. (Reserved for Bumiputra Status Companies).

Objective

  • To assist SME companies to gain access to capital expenditure financing and in turn spur economic growth under the 10th Malaysia Plan announced by the Government on 20.7.2011.

Eligibility Criteria

  • Companies from all economic sectors and incorporated under the Companies Act, 1965 with at least fifty one per centum (51%) of its shares held by Malaysians.
  • Shareholders’ Fund of the respective companies being not more than RinggitTwenty Million (RM20 million) based on their latest audited accounts of not more than 18 months prior to the date of application for the 10th MPWCGS.
  • Bumiputera Status Companies are those companies that have 51% Bumiputera’s shareholdings as at 31 December 2010.

Financing Limit

  • Minimum RM50,000.00
  • Maximum RM5.0 million

Purpose of Financing

  • The 10MP CAPEX granted shall be for the purpose of financing the acquiring of fixed assets such as land, building, plant and machinery, furniture and fitting, etc. These assets should not be acquired with a view to resell them at a profit but to be retained in the business. The cost of fixed asset would include all expenditure up to the asset becomes ready for use

Interest Rates

  • Between BLR + 0.5% to BLR + 2%

Margin of Financing

  • 85% of the Purchase price or current market value (whichever is lower)

Guarantee Cover

  • 70% for financing from RM50,000 to less than RM2.0 million.
  • 50% for financing from RM2.0 million to RM5.0 million

Guarantee Fee

  • 0.75% (subject to minimum of RM500.00)

Financing Tenure

  • Up to Five (5) years, not exceeding 31st December 2015

Application Dates

  • Up to 31 December 2013 or upon approval of the entire Ringgit Malaysia: Three Billion (RM3.0 billion) 10MPWCGS Scheme, whichever is earlier

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

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