| 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
|
