Guarantee Schemes - 10MPWCGS

Guarantee Schemes - 10MPWCGS

Total Fund

Objective

  • RM 3 billion only (of which RM1.5 billion is reserved for Bumiputra Status Companies) Non-bumiputra portion closed on 31.12.2011.

    Eligibility Criteria

    • To assist SME companies to gain access to working capital financing and in turn spur economic growth under the 10th Malaysia Plan on 21.12.2010.

      Financing Limit

      • 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 Twenty 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.

        Purpose of Financing

        • Minimum RM50,000.00
        •  
        • Maximum RM5.0 million.

          Interest Rates

          • The 10MP Working Capital Guarantee Scheme granted shall be for the purpose of Working Capital financing and not for refinancing of existing financing facilities granted by the same or other PFIs

            Guarantee Cover

            • Between BLR + 0.5% to BLR + 2%.

              Guarantee Fee

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

                Financing Tenure

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

                  Application Dates

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

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

                    • From 4January 2011 to 31December 2013 or upon approval of the entire Ringgit Malaysia: Three Billion (RM3.0 billion) 10MPWCGS Scheme, whichever is earlier
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