| 1 |
Total
Revolving Fund |
- |
RM4,500
Million |
| 2 |
Eligible
Sector |
- |
All export
- oriented companies involved in the manufacturing and services
|
| 3 |
Eligible
Participants |
- |
Shareholders'
fund of not exceeding RM10 Million; |
| . |
. |
- |
Malaysian-owned
companies/ institutions (at least 51% ownership) registered
under the Companies Act 1965, Registration of Business Act
1956, the Co-operatives Act 1993 and/or the Societies Act
1996; or |
| . |
. |
- |
Citizens
resident in Malaysia (Sole-proprietor) |
| 4 |
Eligible
Projects |
- |
All
projects which are viable under the following sectors:-
(i) Manufacturing and /
or
(ii) Services |
| 5 |
Limit
of Facility |
-
|
The
minimum loan per borrower is RM50,000.00 |
| . |
. |
- |
The
maximum loan per borrower is RM3.0 Million |
| 6 |
Form
of Facility |
- |
All types
of facilities |
| 7 |
Interest
Rate |
- |
Maximum
of 5.0% p.a. |
| 8 |
Commitment Fee |
- |
1% p.a. on the unutilised portion
of Overdraft and Revolving Credit Facilities |
| 9 |
Tenure
of Facility |
- |
3 years |
| 10 |
Purpose
of Financing |
- |
For
Working Capital and or for Expansion of productive capacity |
| 1 |
Effective
Date |
|
| 2 |
Objective
of Scheme |
- To assist entrepreneurs
who have viable projects but lack the collateral to
obtain the required loan amount from financial institutions
|
| 3 |
Credit
Facilities for Guarantee |
- Base on the credit facilities eligible under the:-
- Fund for Small and Medium Industries-2 (FSMI2)
- New Entrepreneur Fund 2(NEF2)
|
| 4 |
Eligible
Participants |
- Based on the
individual eligibility criteria of the FSMI2 and NEF2
- Must be Malaysian
owned or Malaysian controlled (majority of shareholding/interest
is Malaysian). Except for the RFSMI scheme, borrower
must have good track record and is not listed under
Biro Maklumat Cek of the Central Bank
|
| 5 |
Loan
Limit |
| Scheme
|
Amount |
FSMI2
NEF2 |
RM3.0 Million
RM5.0 Million |
|
| 6 |
Interest Rate |
| Scheme
|
Interest Rate |
FSMI2
NEF2 |
5.0%
5.0% |
- There is no capping of guarantee cover for the secured
portion of the loan
|
| 7 |
Guarantee
Cover |
|
- Covers credit facilities ranging RM0.5 million up
to RM2.5 million for unsecured portion and no capping
for the secured portion of the loan
|
| 8 |
Guarantee Fee |
- The annual guarantee fee, payable in advance annually,
will be borne by the lending institution and is calculated
based on th guarantee cover issued
- Unsecured Portion - Between 0.75% to 1.5% p.a
- Secured Portion - Between 0.5% to 1.25% p.a
|
| 9 |
Guarantee Period |
- Follows the tunure of the loan / tunure of funding
i.e.
FSMI2 - up to 3 years
NEF2 - up to 8 years
|
