Deposit Products | Loan Products | Trade Finance Products  
AFFIN Contract Financing | Remittances  
 

Bank Negara Malaysia (BNM) Schemes

New Entrepreneur Fund (NEF)

1 Total Fund
  • RM1.5 Billion
2 Preferred Sector
  • Manufacturing
  • Agriculture
  • Services
  • Commerce/Trading
  • Tourism
  • Construction
  • Engineering
  • Transportation
  • Furniture
  • Printing
  • Film
  • Quarrying
3.. Eligible Participants
  • Shareholders fund not exceeding RM10 million
  • Wholly-owned Bumiputera enterprises/ companies/ institutions registered under the companies Act 1965, the Co-operative Societies Act 1966 or Bumiputera citizens (sole-proprietors) registered under the Register of Business or any other authoritative body; or
  • Bumiputera participating under the Vendor Development Programme of the Misnistry of Entrepreneur Development or Ministry of Finance with at least 70% Bumiputera equity and management control.
4 Limit of Facility
  • Maximum RM3.0 Million
5 Interest Rate
  • Maximum of 5.5% p.a.
    (Applicable to application from 16th April 2001 and onward)
6 Tenure of Facility
  • Maximum of 8 years
    [From date of first drawdown from BNM]
7 Purpose of Financing
  • Expansion in productive capacity;
  • Working Capital; or
  • Both

 
All contents © 2007 Affin Bank Berhad.